Banks have traditionally been reluctant to lend to the bowling industry, citing its’ special purpose buildings and problems getting adequate value when liquidating equipment collateral. The recent recession contributed to these concerns as a number of bowling centers closed their doors. Despite these mostly isolated instances, the bowling industry can offer lenders high quality borrowers and as well as providing a great opportunity for bowling center owners. Sometimes an experienced adviser can help make the financial portion of a transaction easier and less risky.
Ken Paton has been the leading financial adviser to the bowling industry for the past fifteen years. During this time he has negotiated more than $90,000,000 in new financing for bowling centers and helped numerous buyers and sellers to successfully work through a change of ownership. He has also worked with borrowers who struggled to make timely mortgage payments as well as lenders needing help to restructure their bowling debt.
Ken holds a Bachelor’s degree from the University of Washington plus did graduate work at Lewis and Clark Law School in Portland, Oregon. He was a Certified Public Accountant for twelve years and has been a licensed Oregon real estate broker since 1985. Ken presented seminars at Bowl Expo, the East Coast Bowling Centers Convention, and the West Coast Bowling Convention plus wrote articles for International Bowling Industry Magazine and for the RMA Journal. He has been on the BPAA Benchmark committee since 2001.