Bangalow bowls club changes tack to remain operational
THE debt-stricken Bangalow Bowlo is making a last-ditch effort to stay afloat.
It launched a national advertising campaign this week through major metropolitan and regional newspapers, calling for expressions of interest from potential business partners.
Acting board chairman Tony Hart said the club needed investors and professional managers to help it transition to a sustainable business model as soon as possible.
"Small clubs rely very heavily on getting locals to be on the board, work behind the bar and so on. That business model is extremely hard to maintain in current times, with costs being so much higher," he said.
The club, which seemingly bounced back from closure with gusto last year, has signalled it may utilise a "management concession" model, where external professionals are brought in to make a club profitable.
"These people have got the expertise, contacts for bringing in entertainers and other beneficial qualities," Mr Hart said.
He added that the club's need for investment was "very serious" as banks had now stopped lending to it.
"If we don't get something out of this campaign, it's going to be exceptionally hard to keep the club running."
Another North Coast club in a similar situation, Lennox Head Bowls & Sports Club, was last year given six months to reinvent itself.
Lennox Head bowlo met yesterday to discuss its financial standing, marketing, fund- raising and the ongoing de-amalgamation process.
It was also to elect new committee members, president, vice president, treasurer and secretary.