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Tom’s Watch Bar boasts lots of of TV screens for excellent sports activities viewing. / {Photograph} courtesy of Tom’s Watch Bar
Tom’s Watch Bar has raised $30 million to open extra of what it calls “tremendous sports activities bars”—huge institutions tricked out with lots of of TVs displaying sporting occasions of every kind.
The funding got here from Sagard Credit score Companions and can assist the Denver-based chain because it seems to be to greater than quadruple its footprint within the subsequent few years.
Tom’s at the moment has 5 areas with eight below building. It’s within the strategy of negotiating 10 extra items for 2023 and 2024.
The model has its roots in Tom’s City, a sports activities bar idea co-founded in 2014 by Tom Ryan, the co-founder of Smashburger and a former U.S. CMO of McDonald’s. Tom’s Watch Bar debuted in 2019, boasting a special menu and what it stated was the most important TV display screen in downtown Los Angeles. All Tom’s City areas have apparently now been rebranded as Watch Bars.
“Tom’s Watch Bar is happy for the chance to associate with Sagard Credit score Companions for the continued progress of our revolutionary sports activities bar idea, with the aim of constructing each seat the most effective seat in the home,” Ryan stated in a press release.
Along with 360 levels of TV screens, Tom’s affords all kinds of beers served in 40-ounce, two-handled steins in addition to pub fare with a up to date contact.
Present areas are in Denver, Los Angeles, Washington, Las Vegas and Connecticut, with a Minneapolis unit slated to open in October.
The funding is the most recent to hit the eatertainment sector popping out of the pandemic, with chains like Topgolf, Puttshack and different experiential ideas benefiting from a return to in-person gatherings.
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