July 18, 2008, Woodbine, Maryland
Mr. James M. King, President and Founder of King & King Business Advisors, is proud to announce that Mssrs. Wayne and Mark Kraus have joined the firm to form a new industry specific consulting and sales group which will work exclusively with the owner’s of Bowling, Skating, Arcade, and other Recreation related businesses assisting them in developing successful succession plans and implementing business process improvements to make their businesses more profitable and increase their equity value.
Wayne Kraus has been in the Bowling & Family Entertainment business as an owner and operator in the mid-atlantic region for over forty (40) years. Most recently Wayne was the owner of Thunderhead Lanes Bowl & Grill located in Taneytown, Maryland. In December of 2007 ,with King & King’s assistance, Wayne sold Thunderhead in a multi-million dollar transaction to a local entrepreneur. After a short period of rest and relaxation Wayne has now decided to go back to work helping other center owners to increase their gross sales, drive down expenses and build real equity value. Additionally, Wayne will be traveling throughout the region working with center owners to find suitable buyers for their businesses.
Mark Kraus has also worked several years in the industry, most recently serving as the General Manager of Thunderhead Lanes Bowl & Grill. Mark has a firm grasp on the day-to-day operations of the business and an uncanny understanding of the market and the consumer. Additionally, Mark turned a profit above and beyond industry standards and benchmarks year in and year out. Mark will be working with Wayne on consulting engagements and assisting buyers and sellers with transactions.
Welcome aboard Wayne and Mark, may our association last a long time and bring many valueable services to our Entertainment Industry clients.