Social Entertainment Ventures seeks rapid national expansion for successful ping pong and bar/restaurant concept
Cushman & Wakefield has been appointed by Social Entertainment Ventures as sole agents for the significant expansion and roll-out of its successful leisure and restaurant concept Bounce.
The firm’s Leisure & Restaurant team will be acquiring sites for Bounce, which combines ping pong with a bar and restaurant concept and plans to open 20 new venues by 2020.
Leisure sector innovator Bounce currently has two locations in London (Farringdon and Shoreditch) and one in Chicago, and has shown steady and consecutive growth since its inception in 2011. Its first venue opened the following year, offering cocktails, pizza and 17 table tennis tables in a 12,500 sq ft site – spearheading the social entertainment revolution currently underway in the UK leisure industry.
Co-founder Adam Breeden, who also co-founded All Star Lanes and Flight Club, believes now is the perfect time to grow Bounce and take the concept into new locations.
Adam Breeden, CEO of Social Entertainment Ventures, said: “We understand the dynamics behind the sector’s growing popularity and have demonstrated this with the success of Bounce. We now have the opportunity to take the concept into new locations across the UK in an ambitious national roll-out. Our appointment of the UK’s leading leisure real estate advisor, Cushman & Wakefield, is key to this strategy.”
Thomas Rose, Head of Cushman & Wakefield’s Leisure & Restaurant team, said: "This appointment reinforces our position as the leading team in the sector. We deliberately work with a select group of occupier clients who represent the market leaders in their field and when it comes to the most exciting new sector in the market, competitive socialising, there is one occupier out in front. We are extremely excited by this major mandate and will be looking to acquire up to 20 sites for Bounce.”
In addition to Bounce, Social Entertainment Ventures is set to launch another two exciting ventures in the next year.