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• Opportunities for Centres exist across the UK, which HG&L will have the capacity to
deliver.
• Initial planning for expansion to create a further nine Centres across the UK is already
underway.
• The design of the Centre is scalable down to a 30 bay and up to a 100 bay Centre, for
which a confidential proposal is already being considered by HG&L.
• Reconfigured course offering 6, 12 and 18 hole game options.
INVESTMENT EXIT
It is HG&L’s view that, with five Centres in stabilised operation, with strong cashflow and
low maintenance costs, a number of investors in the sports, hospitality and leisure
sectors would be interested in acquiring the Group in five to seven years’ time although
an earlier exit would be considered were it to make sense. Alternatively, a refinancing at
five years could be considered. In that respect, discussions have been held, with the
senior executive in a major London Fund, who acknowledged that the business as it
stabilises could becoming increasingly interesting to investors seeking strong cash flow
with steady growth.
