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Company Description (as filed with the SEC)
Bowl America Incorporated (herein referred to as the "Company") was incorporated in 1958. The Company commenced business with one bowling center in 1958, and at the end fiscal year 2014, the Company and its wholly-owned subsidiaries operated 18 bowling centers. Bowl America Winter Park located in metropolitan Orlando, Florida, which operated with a negative cash flow, was sold for $2,850,000 on May 30, 2013. (b) Financial Information about Industry Segments The Company operates in one segment. Its principal source of revenue consists of fees charged for the use of bowling lanes and other facilities and from the sale of food and beverages for consumption on the premises. At the end of the fiscal year 2014, the Company had operating revenues from continuing operations of approximately $22.8 million, and approximately $34 million in total assets. Merchandise sales, including food and beverages, were approximately 29% of operating revenues. ... More ...