Punch Bowl Social – Austin, Texas has received $1.75 million from Coulton Creek Capital. Punch Bowl Social is an expanding restaurant and bar concept that also features bowling.
Denver, CO (PRWEB) April 16, 2014
Coulton Creek Capital, LLC, a Colorado-based private debt and equity investment firm, is pleased to announce the preferred equity financing of Punch Bowl Social Food & Drink – Austin, Texas (“Punch Bowl Social”). Coulton Creek invested $1.75M and was lead investor on the transaction.
Punch Bowl Social Food & Drink is a restaurant, bar, bowling and entertainment concept developed by renowned and award-winning restaurateur Robert Thompson. The concept utilizes bowling and other amenities to attract patrons and drive food and beverage revenues. This relatively new design and entertainment concept has been thriving at the Denver location and is now expanding nationwide. Punch Bowl Social’s first expansion to Portland was a success and now hopes that its new location at the Domain Mall in Austin will prove as lucrative.
Coulton Creek Capital sees strong potential in Punch Bowl Social, which has established successful operations and built a solid vision for growth.
“We’re looking forward to supporting Punch Bowl Social’s experienced management team as they continue to expand Punch Bowl Social nationwide,” said Coulton Creek Managing Director, Chris Hanks. Coulton Creek partners with great owners and operators, like Robert Thompson, supporting their growth and success. “Robert has done an outstanding job of creating a unique venue and atmosphere that combines delicious food, craft beverages and wonderful entertainment. Coulton Creek is excited and honored to be part of this growing concept.”
Coulton Creek Capital, LLC
Coulton Creek Capital is a private debt and equity firm focused on partnering with solid owners and operators to support their business growth and enhance their success. Established in 2013 to fill an underserved market, Coulton Creek was formed with the vision of providing capital to enterprises looking to raise between $0.5 million and $5.0 million per investment.