The company, combines made-from-scratch food and craft cocktails with an array of social games and activities, has acquired Voicebox Karaoke, which combines karaoke entertainment and food and beverage.
An early innovator in private suite-based karaoke, Voicebox currently has two locations in Portland, Oregon.
Punch Bowl has also acquired Sweet Tooth Hotel, an immersive art experience in Dallas. The ticketed experience features curated, original installations by emerging artists that guests can explore and engage with before enjoying eclectic drinks and live entertainment in the attached cocktail lounge.
“Punch Bowl Social pioneered what has become known as eatertainment,” said Executive Chairman and Co-Founder Robert Cornog Jr. “Since Punch Bowl’s launch in 2012, consumer demand has fuelled the proliferation of concepts and competition and created an industry that serves consumers in a variety of unique, compelling ways. These acquisitions give us the opportunity to engage with guests across a broader spectrum of eatertainment experiences.”
The addition of the Sweet Tooth Hotel and Voicebox Karaoke brands will also provide the company with a very differentiated real estate strategy. The average Punch Bowl Social location is 25,000sq ft, while the real estate needs for Sweet Tooth Hotel and Voicebox is closer to 5,000sq ft.
