Bowling Alley Franchise

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Bowlmor AMF Corp. is the largest ten-pin bowling center operator in the world with 306 centers, of which 295 are located in the United States, 8 in Mexico, and 3 in Canada. The centers have an average of 40 lanes compared to the U.S. bowling center average of 21 lanes.

Bowlmor AMF's US centers represent 8% of the country's 4,400 bowling centers. Its nearest US competitors in size are Bowl-America, Bowl New England, Lucky Strike, and Main Event Entertainment, each with around 20 centers. Most of the other bowling centers in the United States are individually or family-owned.

Bowlmor AMF currently operates the following bowling center brands:

  • Bowlmor Lanes, which focus on group events and open bowling. Bowlmor centers aim to provide "high-end" bowling in a modern lounge setting which includes audiovisual technology, such as plasma screens for automatic scoring and movie screens above the lanes, plus glow lighting, and glow-in-the-dark lanes. Bowlmor centers also have DJ booths, sports bars and video arcades, mini golf, bocce, table shuffleboard, ping pong tables, air hockey, billiards, and boardwalk games, private party facilities with catering services, and full service restaurants. Bowlmor AMF claims the Bowlmor brand has a 35-50% return on equity.
  • Bowlero centers, which focus on group events and open play but will also incorporate bowling league play. The Bowlero brand is intended as a "mid-tier" offering, in which a traditional bowling center has been renovated to create what the company calls a "hip, fun environment." In May 2014, Bowlmor AMF opened its first Bowlero center in the renovated AMF Woodlands Lanes in The Woodlands, Texas, featuring "recreational games and inventive menu items set in an eclectic environment that's full of nostalgic throwbacks."
  • AMF Bowling Centers in the United States and Mexico, which continue to operate as traditional bowling centers where bowling league play continues to play a significant role. Bowlmor AMF aims to increase open play and group events at these centers through the application of Bowlmor's experience as well as increased marketing investment. The company is also spending $32 million annually through 2018 to renovate these centers and expects that, by 2018, around 25 of the AMF centers will have been converted to Bowlmor Lanes and around 60 of the AMF centers will have been converted to Bowlero centers.
  • The Brunswick Bowling Center brands, including Brunswick Bowling, Brunswick Zone, Brunswick Zone XL, and Brunswick's. Bowlmor AMF plans to rebrand each of these centers to either Bowlmor Lanes, Bowlero, or AMF branding by 2019.

The Bowlmor and Bowlero names are not exclusive to Bowlmor AMF and the Bowlmor, Bowl-Mor, Bowl Mor, and Bowlero bowling centers owned by others do not use Bowlmor AMF's branding concepts. The name Bowlmor was first used in a hyphenated form in the 1940s by Massachusetts attorneys Howard Dowd and R. Lionel Barrows in the creation of the firm Bowl-Mor, which first manufactured pinsetters for candlepin bowling, patented by Mr. Dowd, and later for duckpin bowling as well. Although the firm was defunct well before the end of the 20th century, many of its pinsetters are still in use.

In fiscal years 2014 and 2015, Bowlmor AMF closed 34 of its leased centers and 7 of its owned centers because of negative cash-flow and other reasons. In fiscal year 2016 the company closed an additional 9 centers. Within the United States as of July 2016, centers actively operated consisted of 257 operating under the AMF, Brunswick, Brunswick's, and Brunswick Zone brand names, 19 as Bowlmor, 7 as Bowlero, and 12 as Brunswick Zone XL.


Dust Bowl Lanes, Lounge & Food in Downtown Tulsa
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History

Bowlmor AMF was formed in July 2013 when AMF Bowling Worldwide (successor company to American Machine and Foundry), which had filed for Chapter 11 bankruptcy in May 2012, reorganized and combined with Strike Holdings LLC (doing business as Bowlmor Lanes, an upscale bowling and entertainment company). The new company is jointly owned by Bowlmor, certain of AMF Bowling's second lien lenders including an affiliate of Cerberus Capital Management, and Credit Suisse. At time of the merger, the merged company operated 272 bowling centers and had 7,500 employees and a combined annual revenue of approximately $450 million.

In the AMF Bowling reorganization, AMF's second lien lenders converted their debt into equity in Bowlmor AMF. Credit Suisse provided a $230 million term loan facility and a $30 revolving loan facility, and the largest holders of AMF's existing second lien debt provided $50 million of backstop financing to provide working capital for Bowlmor AMF and to pay cash distributions in varying amounts to AMF's other creditors. AMF's first lien lenders received payment in full, in cash, of principal, interest at the non-default rate, and their fees.

Bowlmor Founder and CEO Tom Shannon became Chairman, Chief Executive Officer, and President of the combined company, and Bowlmor's Chief Financial Officer and former President, Brett Parker, became Vice Chairman, Chief Financial Officer, and Executive Vice President. Shannon and Parker collectively own 22% of Bowlmor AMF and will receive bonuses based on their ability to increase the profitability and worth of Bowlmor AMF.

As part of the AMF Bowling reorganization, Bowlmor AMF assumed control of AMF Bowling's 50% interest in QubicaAMF Worldwide, one of the largest manufacturers of bowling products in the world. In December 2014 the Qubica founders and partners acquired this interest from Bowlmor AMF.

In July 2014, the company announced that it had agreed to acquire all 85 centers of Brunswick Bowling & Billiards in a transaction to be financed by the sale and leaseback of 58 of the centers to iStar Financial, as well as a term loan. The acquired centers are to be operated as a stand-alone division retaining existing branding. The acquisition was completed in September 2014.

Shannon was named Bowling Proprietor of the Year in 2014 by Bowlers Journal International Magazine in recognition of his "vision and bold initiatives" to "divide the AMF bowling empire into three distinct brands."


How to Start a Bowling Alley: 8 Steps (with Pictures) - wikiHow
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The status of league bowling

From the 1960s through the early 1980s, league bowling (a weekly group event where several teams bowl against each other over the course of a season) amounted to 75% to 80% of every bowling center's business in the United States. By 2012, that percentage had dropped to 21%. Lifestyle changes in the last few decades have made league bowling less attractive. Additionally, many bowling center owners have shifted their focus to casual bowlers, who bowl at non-discounted prices and spend more on food and beverage, and to special events, which produce substantial revenue and introduce new customers to the center.

When Bowlmor Lanes purchased its first center in 1997 to renovate and upscale it, league bowling was eliminated "to ease out regulars who did not cotton to the fancy trappings or the higher prices." That strategy proved so successful that league bowling was not offered at the five other centers the company added, and by 2012 Bowlmor was one of the highest grossing bowling facility operators in North America.

When Bowlmor and AMF Bowling combined in 2013, league bowlers at AMF's existing 261 traditional bowling centers worried that the new owner would eliminate league bowling at their centers, too. Some cited a Bloomberg TV interview in which CEO Tom Shannon said, "I don't think anyone takes bowling seriously - why would you?" Concern grew when Bowlmor AMF significantly cut the operating hours at many centers as a financial measure, and in the process, displaced or eliminated some daytime bowling leagues.

Shannon was said to have responded that, "We plan to increase the league bowling business, not shrink it," citing AMF's "large customer base" in league activity for declaring that its league bowling was "very safe." He said his company has "protected and defended 99% of (its) nighttime leagues" and sees its acquisition of the Brunswick centers as "furthering (its) commitment to league play." A company spokeswoman further stated that the company also aims to "introduce a new generation to league bowling" and wants to support professional bowling, including possible sponsorships of the Professional Bowlers Association (PBA). In October 2014 the PBA entered into an entitlement partnership agreement that will make Bowlmor AMF an official partner of the PBA.


2017 Trends for Bowling Centers
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Controversies

In December 2004, Bowlmor Lanes owner Tom Shannon said his company was severing ties with a group tied to the late Palestinian leader Yasser Arafat and was returning its $1.3 million investment.

In August 2010, five ex-employees of Bowlmor Lanes in Manhattan's Union Square sued owner Tom Shannon claiming they were dismissed because of discrimination. They also alleged that Shannon used networking sites Facebook and MySpace to screen out minorities and others he felt weren't desirable for his club. By 2017 the company was facing further scrutiny and more than 50 lawsuits from former employees who claimed to have been terminated for their appearance.

Source of the article : Wikipedia



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