Last checked at 28 Nov 2022 07:00
28 November 2022
XP Factory Plc
("XP Factory", the "Company" or the "Group")
Oxford Street site opening
and
Openings Update
XP Factory (AIM: XPF.), a group of leading UK experiential leisure businesses operating under the Escape Hunt™ ("Escape Hunt") and Boom Battle Bar™ ("Boom") brands, is pleased to announce the opening of its flagship site on London's Oxford Street and to provide an update on new site openings since the announcement on 28 September 2022 of its unaudited interim results for the six months ended 30 June 2022.
Highlights:
· Opening of flagship owner operated co-located Boom and Escape Hunt site on London's Oxford Street on 25 November 2022
· Two further Boom owner operated sites, two Boom franchise sites, and one Escape Hunt owner operated site have opened since 28 September 2022
· 26 Boom venues currently open with a further site scheduled to open in December 2022, thereby confirming the Board's target of 27 open Boom sites by the end of 2022 will be met
· Escape Hunt owner operated network successfully grown to 23 in the year, including 20 UK sites and 3 international sites
The Group's flagship site on Oxford Street held an invitation only official opening on 25 November 2022, with the site open to the public from 26 November 2022. The site hosts both the Boom and Escape Hunt formats over approximately 15,000 square feet and represents the Group's flagship site given its format, size and location. The site hosts an action-filled array of competitive activities in Boom, including augmented reality axe throwing, augmented reality darts, shuffleboard, beer/prosecco pong, karaoke, crazier golf, American pool and large screens showing selected live sports events. These complement six highly immersive and exciting escape games which come from the Group's unique catalogue of successful, premium escape challenges.
The Oxford Street site is the 26th Boom site in the estate and the 23rd Escape Hunt owner operated site. As at 28 September 2022, the XP Factory estate comprised 21 Boom sites of which eight were owner operated and 13 franchised, and 44 Escape Hunt sites of which 21 were owner operated sites and 23 franchise sites. Since then, in addition to the site on Oxford Street, a further four Boom sites have opened - owner operated sites in Birmingham and Leeds and franchised sites in Bournemouth and Southampton. A further Escape Hunt owner operated site has also opened in Bournemouth located next door to the Boom franchise site. There is currently one further Boom franchised site in build which is scheduled to be open by the end of the calendar year. This will bring the estate to 27 open Boom sites, comprising 11 owner operated sites and 16 franchise sites; and 46 open Escape Hunt sites, comprising 23 owner operated sites and 23 franchise sites.
Commenting on the update, Richard Harpham, Chief Executive of XP Factory plc, said "We are delighted to have recently opened our flagship site on Oxford Street. Being able to secure such a premium location is testament to the Group's success in difficult markets in the last few years and the growing attraction of experiential leisure to landlords. We have made tremendous progress this year, achieving our target of 27 open Boom sites by the end of the calendar year, positioned alongside our Escape Hunt estate of 46 sites, and setting the Group with a solid foundation for the future."
Enquiries:
XP Factory Plc https://www.xpfactory.com/ Richard Harpham (Chief Executive Officer) Graham Bird (Chief Financial Officer) Kam Bansil (Investor Relations)
| +44 (0) 20 7846 3322 |
Shore Capital, NOMAD and Broker https://www.shorecap.co.uk/ Tom Griffiths/David Coaten (Corporate Advisory)
| +44 (0) 20 7408 4050 |
IFC Advisory - Financial PR https://www.investor-focus.co.uk/ Graham Herring Florence Chandler
| +44 (0) 20 3934 6630 |
Notes to Editors:
About XP Factory plc
The XP Factory Group is one of the UK's pre-eminent experiential leisure businesses which currently operates two fast growing leisure brands. Escape Hunt is a global leader in providing escape-the-room experiences delivered through a network of owner-operated sites in the UK, an international network of franchised outlets in five continents, and through digitally delivered games which can be played remotely.
Boom Battle Bar is a fast-growing network of owner-operated and franchise sites in the UK that combine competitive socialising activities with themed cocktails, drinks and street food in a high energy, fun setting. Activities include a range of games such as augmented reality darts, Bavarian axe throwing, 'crazier golf', shuffleboard and others. The Group's products enjoy premium customer ratings and cater for leisure or teambuilding, in small groups or large, and are suitable for consumers, businesses and other organisations. The Company has a strategy to expand the network in the UK and internationally, creating high quality games and experiences delivered through multiple formats and which can incorporate branded IP content. (https://xpfactory.com/)
Facebook: EscapeHuntUK BoomBattleBar
Twitter: @EscapeHuntUK @boombattlebar
Instagram: @escapehuntuk @boombattlebar