“We were amazed that Ken was actually able to put the financing together for our purchase. He was always very responsive and had a solution for each problem that arose.”
13% to 17%Average bowling profit margin
0.79%Charge off rate on bowling SBA loans
Missing from many discussions about bowling is the profit margin and low loan default rate. The 2017 BPAA Benchmark Study reports that the average profit margin is 13% for all centers and is 17% for large centers (37+ lanes). All restaurants report a 6.1% to 6.5% margin according to Forbes magazine. However, Toast (a restaurant recruiting website) reports that profit margins for most restaurants fall between 3% and 5%. Large retailers such as Amazon and Walmart report profits of 2% to 3% of revenue.
Bowling also has a history of paying its loans on time. During the ten years ending 9/30/2017 the Small Business Administration reported that bowling centers had a charge off rate of 0.79% which puts bowling in the 36 th percentile of all industries.