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Bowlero Corp.’s Robust Growth Continues

RICHMOND, VA – November 3, 2022 — Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, announced today that it has completed the acquisition of Sabre Lanes in Wisconsin and has entered into a definitive agreement to acquire The Big Event in New Jersey.  With today’s announcement, the Company has completed 13 acquisitions so far in calendar year 2022, and has a pipeline of four definitive agreements outstanding.

Sabre Lanes is Bowlero Corp.’s 3^rd completed acquisition in Wisconsin in 2022. This center is located in Menasha, WI and is home to 48 lanes of bowling, event spaces that accommodate 30-300 guests, a full kitchen and multiple bars located throughout the center. Sabre Lanes will officially open under Bowlero Corp.’s management during the weekend of November 5^th.

On the East Coast, Bowlero Corp. continues its growth with the upcoming acquisition of The Big Event in Cherry Hill, NJ. The Big Event is a 36 lane center featuring billiards, ping pong, shuffleboard arcade games, and VIP private event rooms. Also located in this center is Erlton Social Craft Bar & Kitchen, a contemporary dining experience known for its vibrant atmosphere, unique menu and selection of craft beers and cocktails. The completion of this acquisition is expected in early calendar 2023.

Brett Parker, President & Chief Financial Officer of Bowlero Corp. stated, “Today’s announcement further illustrates our commitment to expansion via acquiring new locations across the country and furthering our presence opportunistically in markets such as Wisconsin and New Jersey.  We look forward to welcoming these locations into our growing footprint.”