Investing in the future of your bowling centre costs money. Financing and refinancing capital purchases are critical steps to your overall business success. More often than not, that means approaching banks and other lenders to make your case for why loaning you that money is a safe investment.
Despite the strong, stable revenue a modern bowling centre can generate, banks and other lenders will often express concern because of the highly specialized usage of the real estate involved.
“Many local banks struggle to understand the bowling center business model, in part because those banks do not have very many of the operators in their client portfolio, and because they are unfamiliar with the financial statements that bowling center operators put together,” said Kurt Harz, the former vice president of sales at Brunswick in an article that appeared in the Commercial Observer.
At Striker Bowling Solutions, we have helped proprietors position themselves with banks and lenders in various forms. including Business Plans, Financial Analysis, Objective Planning and much more. Our experience can be leveraged to help you get approved for the loans you need to move into the future.
For those looking for smaller purchases, we have relationships with lease companies that can make the transaction happen fast and for the betterment of your company.
If you want to discuss how we can help you create a plan to invest in your centre’s future, give us a call.