Vol. XXIII, No. 6, June 2023
Editor's corner
We're witnessing a noticeable increase in the development of community location-based entertainment (LBE) and family entertainment (FEC) centers. This growth isn't limited to just established chains; it also includes new start-ups and existing centers looking to expand, relocate to larger facilities, or add more locations. Despite the challenging borrowing climate characterized by high interest rates and banks' conservative lending standards, as well as rising construction and equipment costs, these obstacles have not dampened their ambitions.
Currently, we are working with two clients in the Northeast who already have centers. For one of them, we have conducted a market feasibility study for their relocation to a larger facility. This relocation will transform them into a social participatory eatertainment center (a competitive socializing center) with three different types of social attractions. Our other client is expanding their current family entertainment center as well as planning a second location. We just completed market feasibility studies for both locations. Additionally, we are working with a new start-up in the upper Midwest that is in the process of planning a children's edutainment center.
In this month's issue, you will find articles that you won't come across in any other trade publication. These articles delve into the societal, cultural, and economic trends impacting the LBE industry and its future. This is some of the research our company does to assure our clients will have successful projects well into the future. Additionally, we provide information on the latest financial results of Bowlero.
We genuinely appreciate your subscription and thank you for reading our Leisure eNewsletter. Our growth is fueled by readers like you who appreciate and help spread the word about our publication.
Subscribe to monthly Leisure eNewsletter
