Passion & Profit in an American Pastime

Former pro bowler Mike Fagan bought a $2m bowling center with a plan to roll up and rejuvenate these legacy businesses.

Topics in Mike’s interview:

• His professional bowling career
• Connecting with a bowling-specific broker
• Economic role of league bowlers
• The decline of bowling in America
• Traditional bowling vs Bowlero
• Buying a traditional, older bowling alley
• Running leaner to pay down debt
• Employee resistance to change
• Success with online bookings
• His goal of managing remotely

References and how to contact Mike:

• LinkedIn
• Tenpins & More
• Bowling Alone by Robert D. Putnam
• Carlo Santelli on Acquiring Minds: ​​How to Buy a $13m Business with No PG, No Investors
• Webinar: Using a Sale-Leaseback to Buy a Business

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Get a complimentary IT audit of your target business:

• Email Nick Akers at [email protected], and tell him you’re a searcher

Download the New CEO’s Guide to Human Resources from Aspen HR:

• From this page or contact [email protected]

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov
Produced by Pam Cameron