| For the fiscal year ended June 27, 2010 |   | Commission file Number 1-7829 |
|-----------------------------------------|--------|-------------------------------|

| MARYLAND                            |   | 54-0646173                           |
|------------------------------------------|--------|--------------------------------------|
| (State of Incorporation)            |   | (I.R.S. Employer Identification No.) |
|                                     |   |                                 |
| 6446 Edsall Road, Alexandria, Virginia   |   | 22312                                |
| (Address of principal executive offices) |   | (Zip Code)                           |

| Title of Class                |   | Name of Exchange on which registered |
|-------------------------------|--------|--------------------------------------|
|                          |   |                                 |
| Common stock (par value $.10) |   | NYSE Amex Exchange                   |

----

| Large Accelerated Filer [ ] | Accelerated Filer [ ]         |   |
|-----------------------------|-------------------------------|--------|
| Non-accelerated Filer [ ]   | Smaller reporting company [X] |   |

|                 | Shares outstanding at |
|----------------------|-----------------------|
|                 | September 1, 2010     |
| Class A Common Stock |                  |
| $.10 par value       | 3,678,509             |
|                 |                  |
| Class B Common Stock |                  |
| $.10 par value       | 1,468,462             |

----

----

|                                |                                                                                                         | Page    |
|-------------------------------------|--------------------------------------------------------------------------------------------------------------|---------|
| Cover Page                          |                                                                                                         |
| Documents Incorporated by Reference |                                                                                                         |
| Index                               |                                                                                                         |    |
| ITEM 1.                             | Business                                                                                                     |    |
|                                | (a)   General Development of Business                                                    | 1       |
|                                | (b)   Financial Information about Industry Segments                                           | 1       |
|                                | (c)   Narrative Description of Business                                                       | 1       |
|                                | (d)   Financial Information about Geographic Areas                                       | 1       |
|                                |                                                                                                         |    |
| ITEM 2.                             | Properties                                                                                                   |  2 |
|                                |                                                                                                         |    |
| ITEM 3.                             | Legal Proceedings                                                                                            | 2       |
|                                |                                                                                                         |    |
| ITEM 4.                        | Submission of Matters to a Vote of Security Holders                                                          | 2       |
|                                |                                                                                                         |    |
| PART II                             |
|                                |                                                                                                         |    |
| ITEM 5.                             | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 2       |
|                                |                                                                                                         |    |
| ITEM 6.                             | Selected Financial Data                                                                                      | 3       |
|                                |                                                                                                         |    |
| ITEM 7.                             | Management's Discussion and Analysis of Financial Condition and Results of Operations                        | 3       |
|                                |                                                                                                         |    |
| ITEM 8.                             | Financial Statements and Supplementary Data                                                                  | 3       |
|                                |                                                                                                         |    |
| ITEM 9.                        | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         | 3       |
|                                |                                                                                                         |    |
| ITEM 9A(T).                         | Controls and Procedures                                                                                      | 4       |
|                                |                                                                                                         |    |
| PART III                            |
|                                |                                                                                                         |    |
| ITEM 10.                       | Directors, Executive Officers and Corporate Governance                                                       | 4       |
|                                |                                                                                                         |    |
| ITEM 11.                            | Executive Compensation                                                                                  | 4       |
|                                |                                                                                                         |    |
| ITEM 12.                            | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               | 5       |
|                                |                                                                                                         |    |
| ITEM 13.                       | Certain Relationships and Related Transactions, and Director Independence                     | 5       |
|                                |                                                                                                         |    |
| ITEM 14.                            | Principal Accountant Fees and Services                                                                  | 5       |
|                                |                                                                                                         |    |
| PART IV                             |
|                                |                                                                                                         |    |
| ITEM 15.                       | Exhibits and Financial Statement Schedules                                                                   |    |
|                                | (a)1. Financial Statements                                                                              | 5       |
|                                | (a)3. Exhibits                                                                                               | 5-6     |
|                                |                                                                                                         |    |
| Signatures                     | 7-8                                                                                                          |

----

----

| 2010   |   | 1st Qtr |   |   | 2nd Qtr |   |   | 3rd Qtr |   |   | 4th Qtr |   |
|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|
|   |   |    |   |   |    |   |   |    |   |   |    |   |
| High   |   |    | $14.44 |   |    |   | $16.50 |    |   |   | $14.49  |   |   |   | $13.87 |   |
| Low    |   |    | $12.01 |   |    |   | $10.50 |    |   |   | $12.56  |   |   |   | $12.11 |   |
|   |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |   |
| 2009   |   | 1st Qtr |   |   | 2nd Qtr |   |   | 3rd Qtr |   |   | 4th Qtr |   |
|   |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |   |
| High   |   |    | $14.96 |   |    |   | $13.50 |    |   |   | $10.64  |   |   |   | $14.69 |   |
| Low    |   |    | $12.34 |   |    |   | $8.60  |    |   |   | $9.00   |   |   |   | $9.25 |   |

| Class A Common Stock |
|----------------------|
| Quarter              |   | 2010 |   | 2009 |
|                 |   |   |   |   |
| First                |   | 15.5 cents |   | 15 cents |
| Second               |   | 15.5 cents |   | 15 cents |
| Third                |   | 15.5 cents |   | 15 cents |
| Fourth               |   | 15.5 cents |   | 15.5 cents |

----

| Class B Common Stock  |
|----------------------------|
| Quarter                    |   | 2010 |   | 2009 |
|                       |   |   |   |   |
| First                      |   | 15.5 cents |   | 15 cents |
| Second                     |   | 15.5 cents |   | 15 cents |
| Third                      |   | 15.5 cents |   | 15 cents |
| Fourth                     |   | 15.5 cents |   | 15.5 cents |

|      |   |             |   |           |   |            |   |             |            |   | Maximum number   |   |
|-----------|--------|------------------|--------|----------------|--------|-----------------|--------|------------------|-----------------|--------|------------------|--------|
|      |   |             |   |           |   |            |   | Total number of  |            |   | (or approximate  |   |
|      |   |             |   |           |   |            |   | shares purchased |            |   | dollar value of  |   |
|      |   |             |   |           |   |            |   | as part of       |            |   | shares that may  |   |
|      |   |             |   |           |   |            |   | publicly         |            |   | yet be purchased |   |
|      |   | Total number of  |   | Average price  |   | announced plans |   |             | under the plans |   |
| Period    |   | shares purchased |   | paid per share |   | or programs     |   |             | or programs     |   |
| 03/29/10- |   |             |   |           |   |            |   |             |            |   |             |   |
| 04/25/10  |   |             | -      |           |   |            | -      |             |            |   | -                |   |   |   | - |   |
|      |   |             |   |           |   |            |   |             |            |   |             |   |   |   |   |   |
| 04/26/10- |   |             |   |           |   |            |   |             |            |   |             |   |   |   |   |   |
| 05/23/10  |   |             | -      |           |   |            | -      |             |            |   | -                |   |   |   | - |   |
|      |   |             |   |           |   |            |   |             |            |   |             |   |   |   |   |   |
| 05/24/10- |   |             |   |           |   |            |   |             |            |   |             |   |   |   |   |   |
| 06/27/10  |   |             | 1      |           |   |            | $13.40 |             |            |   |             |   |   |   |   |   |
| Total     |   |             | 1      |           |   |            | $13.40 |             |            |   | -                |   |   |   | - |   |

----

----

----

----

| BOWL AMERICA INCORPORATED             |   |   |   |   |
|---------------------------------------|--------|--------|--------|--------|
|                                  |   |   |   |   |
|                                  |   |   |   |   |
| /s/ Leslie H. Goldberg                |   |   |   |   |
| Leslie H. Goldberg                    |   |   |   |   |
| President                             |   |   |   |   |
| Chief Executive and Operating Officer |   |   |   |   |
|                                  |   |   |   |   |
| Date:  September 24, 2010   |   |   |   |   |
|                                  |   |   |   |   |
|                                  |   |   |   |   |
| /s/ Cheryl A. Dragoo                  |   |   |   |   |
| Cheryl A. Dragoo                      |   |   |   |   |
| Chief Financial Officer,              |   |   |   |   |
| Assistant Treasurer and Controller    |   |   |   |   |
| Principal Accounting Officer          |   |   |   |   |
|                                  |   |   |   |   |
| Date:  September 24, 2010   |   |   |   |   |

----

| /s/ Leslie H. Goldberg                    |   |                                |   |   |
|-------------------------------------------|--------|-------------------------------------|--------|--------|
| Leslie H. Goldberg                        |   |                                |   |   |
| President, Principal Executive            |   |                                |   |   |
| & Operating Officer & Director    |   |                                |   |   |
|                                      |   |                                |   |   |
| Date:  September 24, 2010       |   |                                |   |   |
|                                      |   |                                |   |   |
|                                      |   |                                |   |   |
| /s/ Ruth Macklin                |   | /s/ A. Joseph Levy                  |   |   |
| Ruth Macklin                    |   | A. Joseph Levy                      |   |   |
| Senior Vice President-Treasurer           |   | Senior Vice President-Secretary     |   |   |
| and Director                              |   | and Director                        |   |   |
|                                      |   |                                |   |   |
| Date:  September 24, 2010       |   | Date:  September 24, 2010 |   |   |
|                                      |   |                                |   |   |
|                                      |   |                                |   |   |
| /s/ Warren T. Braham                      |   | /s/ Stanley H. Katzman              |   |   |
| Warren T. Braham                     |   | Stanley H. Katzman                  |   |   |
| Director                   |   | Director                            |   |   |
|                                      |   |                                |   |   |
| Date:  September 24, 2010  |   | Date:  September 24, 2010 |   |   |
|                                      |   |                                |   |   |
|                                      |   |                                |   |   |
| /s/ Allan L. Sher                         |   | /s/ Merle Fabian                    |   |   |
| Allan L. Sher                        |   | Merle Fabian                        |   |   |
| Director                             |   | Director                            |   |   |
|                                      |   |                                |   |   |
| Date:  September 24, 2010       |   | Date:  September 24, 2010 |   |   |
|                                      |   |                                |   |   |
|                                      |   |                                |   |   |
| /s/ Cheryl A. Dragoo                 |   |                                |   |   |
| Cheryl A Dragoo                           |   |                                |   |   |
| Principal Accounting Officer,             |   |                                |   |   |
| and Director                              |   |                                |   |   |
|                                      |   |                                |   |   |
| Date:  September 24, 2010       |   |                                |   |   |

----

|   | · | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Exhibit99(b) | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|--------------|--------------------------------------------------------------------------------------------|

----

|                                     |   | Fifty-two weeks ended           |   |
|------------------------------------------|--------|---------------------------------|--------|
|                                     |   | June 27, 2010 and June 28, 2009 |   |
|                                     |   | Dollars in thousands            |   |
|                                     |   | 2010                            |   |   | 2009 |   |   | Change |   |   | % Change |   |
| Operating Revenues:                      |   |                            |   |   |   |   |   |   |   |   |   |   |
| Bowling and other                        |   | $                               | 19,110 |   |   | $ | 21,038 |   |   | $ | (1,928 | ) |   |   | (9.2 | )% |
| Food, beverage & merchandise sales   |   |                            | 7,974  |   |   |   | 8,674 |   |   |   | (700 | ) |   |   | (8.1 | ) |
| Gain (loss) on sales of assets           |   |                            | 43     |   |   |   | (1 | ) |   |   | 44 |   |   |   | 4400.0 |   |
|                                     |   |                            | 27,127 |   |   |   | 29,711 |   |   |   | (2,584 | ) |   |   | (8.7 | ) |
| Operating Expenses:                      |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Compensation & benefits              |   |                            | 12,543 |   |   |   | 13,356 |   |   |   | (813 | ) |   |   | (6.1 | ) |
| Cost of bowling & other              |   |                            | 7,452  |   |   |   | 7,433 |   |   |   | 19 |   |   |   |  .2 |   |
| Cost of food, beverage & merch sales |   |                            | 2,216  |   |   |   | 2,503 |   |   |   | (287 | ) |   |   | (11.5 | ) |
| Depreciation & amortization          |   |                            | 1,687  |   |   |   | 1,727 |   |   |   | (40 | ) |   |   | (2.3 | ) |
| Recoveries                               |   |                            | -      |   |   |   | (261 | ) |   |   | 261 |   |   |   | 100.0 |   |
| General & administrative             |   |                            | 896    |   |   |   | 938 |   |   |   | (42 | ) |   |   | (4.5 | ) |
|                                     |   |                            | 24,794 |   |   |   | 25,696 |   |   |   | (902 | ) |   |   | (3.5 | ) |
|                                     |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income                         |   |                            | 2,333  |   |   |   | 4,015 |   |   |   | (1,682 | ) |   |   | (41.9 | ) |
|                                     |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest & dividend income           |   |                            | 530    |   |   |   | 679 |   |   |   | (149 | ) |   |   | (21.9 | ) |
|                                     |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before taxes                    |   |                            | 2,863  |   |   |   | 4,694 |   |   |   | (1,831 | ) |   |   |  (39.0 | ) |
| Income taxes                             |   |                            | 1,012  |   |   |   | 1,637 |   |   |   | (625 | ) |   |   | (38.2 | ) |
|                                     |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Earnings                             |   | $                               | 1,851  |   |   | $ | 3,057 |   |   | $ | (1,206 | ) |   |   | (39.5 | ) |

----

----

----

----

|                                                                                                                                                                                                                                                                                                                                           |   | For the Years Ended |                |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|---------------------|
|                                                                                                                                                                                                                                                                                                                                           |   | June 27,            |                |   | June 28, |   |   | June 29, |   |   | July 1, |   |   | July 2, |   |
|                                                                                                                                                                                                                                                                                                                                           |   | 2010                |                |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Operating revenues                                                                                                                                                                                                                                                                                                                             |   | $                   | 27,127,073          |   |   | $ | 29,710,743 |   |   | $ | 29,349,214 |   |   | $ | 31,989,893 |   |   | $ | 30,343,279 |   |
| Operating expenses                                                                                                                                                                                                                                                                                                                             |   |                | 24,793,942          |   |   |   | 25,696,315 |   |   |   | 24,990,753 |   |   |   | 26,481,388 |   |   |   | 25,410,113 |   |
| Interest and dividend income                                                                                                                                                                                                                                                                                                                   |   |                | 529,845             |   |   |   | 679,287 |   |   |   | 811,205 |   |   |   | 863,983 |   |   |   | 655,818 |   |
| Investment earnings (loss)                                                                                                                                                                                                                                                                                                                     |   |                |    - |   |   |   |    - |   |   |   | 267,237 |   |   |   | (3,613 | ) |   |   |    - |   |
| Earnings before provision for income taxes                                                                                                                                                                                                                                                                                                     |   |                | 2,862,976           |   |   |   | 4,693,715 |   |   |   | 5,436,903 |   |   |   | 6,368,875 |   |   |   | 5,588,984 |   |
| Provision for income taxes                                                                                                                                                                                                                                                                                                                     |   |                | 1,012,264           |   |   |   | 1,636,433 |   |   |   | 1,902,363 |   |   |   | 2,179,932 |   |   |   | 1,949,409 |   |
| Net earnings                                                                                                                                                                                                                                                                                                                                   |   | $                   | 1,850,712           |   |   | $ | 3,057,282 |   |   | $ | 3,534,540 |   |   | $ | 4,188,943 |   |   | $ | 3,639,575 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding- Basic & Diluted                                                                                                                                                                                                                                                                                       |   |                | 5,141,102           |   |   |   | 5,133,375 |   |   |   | 5,135,693 |   |   |   | 5,136,499 |   |   |   | 5,136,968 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share- Basic & Diluted                                                                                                                                                                                                                                                                                                        |   | $                   | .36                 |   |   | $ | .60 |   |   | $ | .69 |   |   | $ | .82 |   |   | $ | .71 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                      |   | $                   | 2,944,882           |   |   | $ | 6,502,922 |   |   | $ | 3,499,703 |   |   | $ | 6,101,075 |   |   | $ | 4,292,512 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends paid                                                                                                                                                                                                                                                                                                                            |   | $                   | 3,187,444           |   |   | $ | 3,105,700 |   |   | $ | 3,543,631 |   |   | $ | 2,927,853 |   |   | $ | 2,876,696 |   |
| Cash dividends paid Per share - Class A                                                                                                                                                                                                                                                                                                   |   | $                   | 0.62                |   |   | $ | 0.605 |   |   | $ | 0.69 |   |   | $ | 0.57 |   |   | $ | 0.56 |   |
|                                                        - Class B |   | $                   | 0.62                |   |   | $ | 0.605 |   |   | $ | 0.69 |   |   | $ | 0.57 |   |   | $ | 0.56 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                   |   | $                   | 41,410,343          |   |   | $ | 42,966,669 |   |   | $ | 44,056,750 |   |   | $ | 45,834,730 |   |   | $ | 43,130,385 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders' equity                                                                                                                                                                                                                                                                                                                           |   | $                   | 36,403,807          |   |   | $ | 37,579,197 |   |   | $ | 38,214,963 |   |   | $ | 39,337,237 |   |   | $ | 37,088,954 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net book value per share                                                                                                                                                                                                                                                                                                                       |   | $                   | 7.07                |   |   | $ | 7.31 |   |   | $ | 7.44 |   |   | $ | 7.66 |   |   | $ | 7.22 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings as a % of beginning stock holders' equity                                                                                                                                                                                                                                                                                         |   |                | 4.9                 | % |   |   |  8.0 | % |   |   |  9.0 | % |   |   | 11.3 | % |   |   | 10.1 | % |
|                                                                                                                                                                                                                                                                                                                                           |   |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Lanes in operation                                                                                                                                                                                                                                                                                                                             |   |                | 756                 |   |   |   | 756 |   |   |   | 756 |   |   |   | 756 |   |   |   | 756 |   |
| Centers in operation                                                                                                                                                                                                                                                                                                                           |   |                | 19                  |   |   |   | 19 |   |   |   | 19 |   |   |   | 19 |   |   |   | 19 |   |

----

|                                                   |   | As of    |                                                                |
|--------------------------------------------------------|--------|----------|---------------------------------------------------------------------|
|                                                   |   | June 27, |                                                                |   | June 28, |   |
|                                                   |   | 2010     |                                                                |   | 2009 |   |
| ASSETS                                                 |   |
| CURRENT ASSETS:                                        |   |     |                                                                |   |   |   |
| Cash and cash equivalents (Note 2)                     |   | $        | 2,579,487                                                           |   |   | $ | 3,459,812 |   |
| Short-term investments (Note 3)                        |   |     | 7,136,584                                                           |   |   |   | 7,560,195 |   |
| Inventories                                            |   |     | 520,372                                                             |   |   |   | 509,892 |   |
| Prepaid expenses and other                             |   |     | 439,744                                                             |   |   |   |   453,007 |   |
| Income taxes refundable                                |   |     |           634,787 |   |   |   | 426,657 |   |
| TOTAL CURRENT ASSETS                                   |   |     | 11,310,974                                                          |   |   |   | 12,409,563 |   |
| LAND, BUILDINGS & EQUIPMENT, net (Note 4)          |   |     | 22,975,778                                                          |   |   |   | 23,720,920 |   |
| OTHER ASSETS:                                          |   |     |                                                                |   |   |   |   |   |
| Marketable investment securities (Note 3)              |   |     | 6,466,885                                                           |   |   |   | 6,194,270 |   |
| Cash surrender value-life insurance                    |   |     | 568,626                                                             |   |   |   | 542,136 |   |
| Other                                                  |   |     | 88,080                                                              |   |   |   | 99,780 |   |
| TOTAL OTHER ASSETS                                     |   |     | 7,123,591                                                           |   |   |   | 6,836,186 |   |
| TOTAL ASSETS                                           |   | $        | 41,410,343                                                          |   |   | $ | 42,966,669 |   |
|                                                   |   |     |                                                                |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                   |   |
| CURRENT LIABILITIES:                                   |   |     |                                                                |   |   |   |   |   |
| Accounts payable                                       |   | $        | 701,209                                                             |   |   | $ | 917,295 |   |
| Accrued expenses                                       |   |     | 1,036,225                                                           |   |   |   | 1,085,700 |   |
| Dividends payable                                      |   |     | 797,781                                                             |   |   |   | 796,868 |   |
| Other current liabilities                              |   |     | 292,920                                                             |   |   |   | 342,404 |   |
| Current deferred income taxes (Note 7)                 |   |     | 61,563                                                              |   |   |   |             24,627 |   |
| TOTAL CURRENT LIABILITIES                              |   |     | 2,889,698                                                           |   |   |   | 3,166,894 |   |
| LONG-TERM DEFERRED COMPENSATION                        |   |     | 47,675                                                              |   |   |   | 51,408 |   |
| NONCURRENT DEFERRED INCOME TAXES (Note 7)              |   |     | 2,069,163                                                           |   |   |   | 2,169,170 |   |
| TOTAL LIABILITIES                                      |   |     | 5,006,536                                                           |   |   |   | 5,387,472 |   |
|                                                   |   |     |                                                                |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES (Note 5)                 |   |     |                                                                |   |   |   |   |   |
|                                                   |   |     |                                                                |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (Note 8)                          |   |     |                                                                |   |   |   |   |   |
| Preferred stock, par value $10 a share:                |   |     |                                                                |   |   |   |   |   |
| Authorized and unissued,                               |   |     |                                                                |   |   |   |   |   |
| 2,000,000 shares                                       |   |     | -                                                                   |   |   |   | - |   |
| Common stock, par value $.10 a share:                  |   |     |                                                                |   |   |   |   |   |
| Authorized, 10,000,000 shares                          |   |     |                                                                |   |   |   |   |   |
| Class A issued and outstanding 3,678,509 and 3,672,615 |   |     | 367,851                                                             |   |   |   | 367,261 |   |
| Class B issued and outstanding 1,468,462               |   |     | 146,846                                                             |   |   |   | 146,846 |   |
| Additional paid-in capital                             |   |     | 7,672,094                                                           |   |   |   | 7,594,615 |   |
| Accumulated other comprehensive earnings-              |   |     |                                                                |   |   |   |   |   |
| Unrealized gain on available-for-sale                  |   |     |                                                                |   |   |   |   |   |
| securities, net of tax                                 |   |     | 1,728,872                                                           |   |   |   | 1,643,497 |   |
| Retained earnings                                      |   |     | 26,488,144                                                          |   |   |   | 27,826,978 |   |
| TOTAL STOCKHOLDERS'EQUITY                              |   |     | 36,403,807                                                          |   |   |   | 37,579,197 |   |
|                                                   |   |     |                                                                |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             |   | $        | 41,410,343                                                          |   |   | $ | 42,966,669 |   |

----

|                                                 |   | For the Years Ended |       |
|------------------------------------------------------|--------|---------------------|------------|
|                                                 |   | June 27,            |       |   | June 28, |   |
|                                                 |   | 2010                |       |   | 2009 |   |
| Operating Revenues:                                  |   |                |       |   |   |   |
| Bowling and other                                    |   | $                   | 19,109,668 |   |   | $ | 21,037,547 |   |
| Food, beverage and merchandise sales                 |   |                | 7,974,228  |   |   |   | 8,674,571 |   |
| Gain (loss) on sale of land, buildings and equipment |   |                | 43,177     |   |   |   | (1,375 | ) |
|                                                 |   |                | 27,127,073 |   |   |   | 29,710,743 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Operating Expenses:                                  |   |                |       |   |   |   |   |   |
| Employee compensation and benefits                   |   |                | 12,543,436 |   |   |   | 13,356,076 |   |
| Cost of bowling and other services                   |   |                | 7,452,046  |   |   |   | 7,433,061 |   |
| Cost of food, beverage and merchandise sales         |   |                | 2,215,625  |   |   |   | 2,503,200 |   |
| Depreciation and amortization                        |   |                | 1,687,150  |   |   |   | 1,726,854 |   |
| Recoveries                                           |   |                | -          |   |   |   | (261,100 | ) |
| General and administrative                           |   |                | 895,685    |   |   |   | 938,224 |   |
|                                                 |   |                | 24,793,942 |   |   |   | 25,696,315 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Operating Income                                     |   |                | 2,333,131  |   |   |   | 4,014,428 |   |
| Interest and dividend income                         |   |                | 529,845    |   |   |   | 679,287 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Earnings before provision for income                 |   |                |       |   |   |   |   |   |
|   Taxes                                         |   |                | 2,862,976  |   |   |   | 4,693,715 |   |
| Provision for income taxes (Note 7)                  |   |                |       |   |   |   |   |   |
|   Current                                       |   |                | 1,127,883  |   |   |   | 1,720,556 |   |
|   Deferred                                      |   |                | (115,619   | ) |   |   | ( 84,123 | ) |
|                                                 |   |                | 1,012,264  |   |   |   | 1,636,433 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Net Earnings                                         |   | $                   | 1,850,712  |   |   | $ | 3,057,282 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Earnings per share-basic & diluted               |   | $                   | .36        |   |   | $ | .60 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Weighted average shares outstanding                  |   |                | 5,141,102  |   |   |   | 5,133,375 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Dividends paid                                       |   | $                   | 3,187,444  |   |   | $ | 3,105,700 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Per share, dividends paid, Class A                   |   | $                   | .62        |   |   | $ | .605 |   |
|                                                 |   |                |       |   |   |   |   |   |
| Per share, dividends paid, Class B                   |   | $                   | .62        |   |   | $ | .605 |   |
|                                                 |   |                |       |   |   |   |   |   |
|                                                 |   |                |       |   |   |   |   |   |
| Net Earnings                                         |   | $                   | 1,850,712  |   |   | $ | 3,057,282 |   |
| Other comprehensive earnings- net of tax             |   |                |       |   |   |   |   |   |
| Unrealized gain (loss) on available-for–sale   |   |                |       |   |   |   |   |   |
| securities net of tax (tax benefit) of               |   |                |       |   |   |   |   |   |
| $52,548 and ($309,664)                               |   |                | 85,375     |   |   |   | (637,624 | ) |
|                                                 |   |                |       |   |   |   |   |   |
|                                                 |   |                |       |   |   |   |   |   |
| Comprehensive earnings                               |   | $                   | 1,936,087  |   |   | $ | 2,419,658 |   |

----

|                                                                          |   | COMMON STOCK  |        |   |          |   |            | AccumulatedOther |   |   |          |   |
|-------------------------------------------------------------------------------|--------|---------------|-------------|--------|---------------|--------|-----------------|------------------|--------|--------|---------------|--------|
|                                                                          |   | Class AShares |        |   | Class AAmount |   |            | Class BShares    |   |   | Class BAmount |   |   | AdditionalPaid-In Capital |   |   | Comprehensive Earnings |   |   | RetainedEarnings |   |
| Balance, June 29, 2008                                                        |   |          | 3,667,228   |   |          | $      | 366,722         |             |   |   | 1,468,462     |   |   | $ | 146,846 |   |   | $ | 7,478,838 |   |   | $ | 2,281,121 |   |   | $ | 27,941,436 |   |
| Purchase of stock                                                             |   |          | (4,613      | )      |          |   | (461            | )                |   |   | -             |   |   |   | - |   |   |   | (6,823 | ) |   |   | - |   |   |   | (39,525 | ) |
| Shares issued for ESOP                                                        |   |          | 10,000      |   |          |   | 1,000           |             |   |   | -             |   |   |   | - |   |   |   | 122,600 |   |   |   | - |   |   |   | - |   |
| Cash dividends paid                                                           |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,335,347 | ) |
| Accrued dividends declared                                                    |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 16, 2009, payable                                                        |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| August 12, 2009                                                               |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (796,868 | ) |
|                                                                          |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized gain on                                                  |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale securities                                                 |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (shown net of tax benefit)                                                    |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | (637,624 | ) |   |   | - |   |
| Net earnings for the year                                                     |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3,057,282 |   |
| Balance, June 28,2009                                                         |   |          | 3,672,615   |   |          | $      | 367,261         |             |   |   | 1,468,462     |   |   | $ | 146,846 |   |   | $ | 7,594,615 |   |   | $ | 1,643,497 |   |   | $ | 27,826,978 |   |
| Purchase of stock                                                             |   |          | (106        | )      |          |   | (10             | )                |   |   | -             |   |   |   | - |   |   |   | (161 | ) |   |   | - |   |   |   | (1,189 | ) |
| Shares issued for ESOP                                                        |   |          |  6,000 |   |          |   |   600 |             |   |   | -             |   |   |   | - |   |   |   |  77,640 |   |   |   | - |   |   |   | - |   |
| Cash dividends paid                                                           |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,390,576 | ) |
| Accrued dividends declared                                                    |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 22, 2010, payable                                                        |   |          |        |   |          |   |            |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| August 4, 2010                                                                |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (797,781 | ) |
| Change in unrealized gain on available-for-sale securities (shown net of tax) |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   |   85,375 |   |   |   | - |   |
| Net earnings for the year                                                     |   |          | -           |   |          |   | -               |             |   |   | -             |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,850,712 |   |
| Balance, June 27, 2010                                                        |   |          | 3,678,509   |   |          | $      | 367,851         |             |   |   | 1,468,462     |   |   | $ | 146,846 |   |   | $ | 7,672,094 |   |   | $ | 1,728,872 |   |   | $ | 26,488,144 |   |

----

|                                               |   | For the Years Ended |                     |
|----------------------------------------------------|--------|---------------------|--------------------------|
|                                               |   | June 27,            |                     |   | June 28, |   |
|                                               |   | 2010                |                     |   | 2009 |   |
| Cash Flows From Operating Activities               |   |                |                     |   |   |   |
| Net earnings                                       |   | $                   | 1,850,712                |   |   | $ | 3,057,282 |   |
| Adjustments to reconcile net earnings              |   |                |                     |   |   |   |   |   |
|    to net cash provided by               |   |                |                     |   |   |   |   |   |
|    operating activities:                 |   |                |                     |   |   |   |   |   |
| Depreciation and amortization                      |   |                | 1,687,150                |   |   |   | 1,726,854 |   |
| Decrease in deferred income tax                    |   |                | (115,619                 | ) |   |   | ( 84,123 | ) |
| (Gain) loss on disposition of assets-net           |   |                | (43,177                  | ) |   |   |   1,375 |   |
| Stock issuance – ESOP plan                   |   |                | 78,240                   |   |   |   | 123,600 |   |
| Changes in assets and liabilities                  |   |                |                     |   |   |   |   |   |
| (Increase) decrease in inventories                 |   |                | (10,479                  | ) |   |   |  290,667 |   |
| Decrease in prepaid and other                      |   |                |    13,263 |   |   |   | 1,506,842 |   |
| Increase in income taxes refundable                |   |                | (208,130                 | ) |   |   | (59,673 | ) |
| Decrease (increase) in other long-term assets      |   |                | 11,700                   |   |   |   | (2,420 | ) |
| Decrease in accounts payable                       |   |                | (216,086                 | ) |   |   | (2,465 | ) |
| Decrease in accrued expenses                       |   |                | (49,475                  | ) |   |   | (61,824 | ) |
| (Decrease) increase in other current liabilities   |   |                | (49,484                  | ) |   |   | 10,020 |   |
| Decrease in long-term deferred compensation        |   |                | (3,733                   | ) |   |   | (3,213 | ) |
| Net cash provided by                               |   |                |                     |   |   |   |   |   |
|    operating activities                  |   |                | 2,944,882                |   |   |   | 6,502,922 |   |
|                                               |   |                |                     |   |   |   |   |   |
| Cash Flows From Investing Activities               |   |                |                     |   |   |   |   |   |
| Expenditures for land, building and equipment      |   |                | (942,214                 | ) |   |   | (602,889 | ) |
| Sale of assets                                     |   |                | 43,383                   |   |   |   | 14,500 |   |
| Net sales (purchases) and maturities of short-term |   |                |                     |   |   |   |   |   |
|    investments                           |   |                | 423,611                  |   |   |   | (1,285,921 | ) |
| Purchases of marketable securities                 |   |                | (134,693                 | ) |   |   | (133,295 | ) |
| Increase in cash surrender value                   |   |                | (26,490                  | ) |   |   |   (12,508 | ) |
|                                               |   |                |                     |   |   |   |   |   |
|  Net cash used in investing activities        |   |                | (636,403                 | ) |   |   | (2,020,113 | ) |
|                                               |   |                |                     |   |   |   |   |   |
| Cash Flows From Financing Activities               |   |                |                     |   |   |   |   |   |
| Payment of cash dividends                          |   |                | (3,187,444               | ) |   |   | (3,105,700 | ) |
| Purchase of Class A Common Stock                   |   |                | (1,360                   | ) |   |   | (46,809 | ) |
|                                               |   |                |                     |   |   |   |   |   |
| Net cash used in financing activities              |   |                | (3,188,804               | ) |   |   | (3,152,509 | ) |
|                                               |   |                |                     |   |   |   |   |   |
| Net (Decrease) increase in Cash and Equivalents    |   |                | (880,325                 | ) |   |   | 1,330,300 |   |
|                                               |   |                |                     |   |   |   |   |   |
| Cash and Equivalents, Beginning of period          |   |                | 3,459,812                |   |   |   | 2,129,512 |   |
|                                               |   |                |                     |   |   |   |   |   |
| Cash and Equivalents, End of period                |   | $                   | 2,579,487                |   |   | $ | 3,459,812 |   |
|                                               |   |                |                     |   |   |   |   |   |
| Supplemental Disclosures of Cash Flow Information  |   |                |                     |   |   |   |   |   |
| Cash Paid During the Period for:                   |   |                |                     |   |   |   |   |   |
| Income taxes                                       |   | $                   | 1,333,544                |   |   | $ | 1,795,939 |   |

----

----

| Bowling lanes and equipment        | 3-10 years  |
|------------------------------------|-------------|
| Building and building improvements | 10-39 years |
| Leasehold improvements             | 5-10 years  |
| Amusement games                    | 3-5 years   |

----

----

|                             |   | June 27, |      |   | June 28, |   |
|----------------------------------|--------|----------|-----------|--------|----------|--------|
|                             |   | 2010     |      |   | 2009     |   |
| Demand deposits and cash on hand |   | $        | 1,486,403 |   |     | $      | 2,949,812 |   |
| Money market funds               |   |     | 755,671   |   |     |   | - |   |
| Repurchase agreements            |   |     | 337,413   |   |     |   | 510,000 |   |
|                             |   | $        | 2,579,487 |   |     | $      | 3,459,812 |   |

|                                                  |   | Original Cost |      |   | Unrealized Gain |   |      | Unrealized Loss |   |   | Fair Value |   |
|-------------------------------------------------------|--------|---------------|-----------|--------|-----------------|--------|-----------|-----------------|--------|--------|------------|--------|
| June 27, 2010                                         |   |          |      |   |            |   |      |            |   |   |       |   |
| Equity securities                                     |   | $             | 710,799   |   |            | $      | 2,613,973 |            |   | $      | (2,683     | )      |   | $ | 3,322,089 |   |
|                                                  |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| Mutual fund                                           |   |          | 2,963,078 |   |            |   | 181,718   |            |   |   | -          |   |   |   | 3,144,796 |   |
|                                                  |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| Certificates of deposits                              |   |          | 7,136,584 |   |            |   | -         |            |   |   | -          |   |   |   | 7,136,584 |   |
|                                                  |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| June 28, 2009                                         |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| Equity securities                                     |   | $             | 710,799   |   |            | $      | 2,588,149 |            |   | $      | (13,288    | )      |   |   |   |   |
|                                                  |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| Mutual fund                                           |   |          | 2,828,386 |   |            |   | 80,224    |            |   |   | -          |   |   |   | 2,908,610 |   |
|                                                  |   |          |      |   |            |   |      |            |   |   |       |   |   |   |   |   |
| Certificates of deposits and U.S. Treasury securities |   |          | 7,560,195 |   |            |   | -         |            |   |   | -          |   |   |   | 7,560,195 |   |

----

| June 27, 2010     |   | Less than 12 months |   |   | 12 Months or greater |   |   | Total      |   |
|-------------------|--------|---------------------|--------|--------|----------------------|--------|--------|------------|--------|
|              |   | Fair Value          |   |   | Unrealized Loss      |   |   | Fair Value |   |   | Unrealized Loss |   |   | Fair Value |   |   | Unrealized Loss |   |
|              |   |                |   |   |                 |   |   |       |   |   |   |   |   |   |   |   |   |   |
| Equity securities |   | $                   | -      |   |                 | $      | -      |       |   | $ | 2,332 |   |   | $ | (2,683 | )  |   | $ | 2,332 |   |   | $ | (2,683 | ) |

| June 28, 2009     |   | Less than 12 months |   |   | 12 Months or greater |   |    | Total      |   |
|-------------------|--------|---------------------|--------|--------|----------------------|--------|---------|------------|--------|
|              |   | Fair Value          |   |   | Unrealized Loss      |   |    | Fair Value |   |   | Unrealized Loss |   |   | Fair Value |   |   | Unrealized Loss |   |
|              |   |                |   |   |                 |   |    |       |   |   |   |   |   |   |   |   |   |   |
| Equity securities |   | $                   | 44,200 |   |                 | $      | (13,288 | )     |   | $ | - |   |   | $ | - |   |   | $ | 44,200 |   |   | $ | (13,288 | ) |

|   | 82,112 |   shares of AT&T                 |
|--------|--------|-------------------------------------------|
|   | 2,740  |   shares of CenturyLink              |
|   | 354    |   shares of Fairpoint Communications |
|   | 4,508  |   shares of Frontier Communications  |
|   | 939    |   shares of Idearc                   |
|   | 475    |   shares of LSI                      |
|   | 9,969  |   shares of Qwest                    |
|   | 40,000 |   shares of Sprint Nextel            |
|   | 18,784 |   shares of Verizon                  |
|   | 11,865 |   shares of Vodafone                 |
|   | 4,079  |   shares of Windstream               |

----

|                     |   | Quoted    |      |   | Significant |   |            |         |   |   | Unrealized     |   |   | Cumulative     |    |
|--------------------------|--------|-----------|-----------|--------|-------------|--------|-----------------|--------------|--------|--------|----------------|--------|--------|----------------|---------|
|                     |   | Price for |      |   | Other       |   |            | Significant  |   |   | gains/(losses) |   |   | Unrealized     |    |
|                     |   | Identical |      |   | Observable  |   |            | Unobservable |   |   | for the        |   |   | gains/(losses) |    |
|                     |   | Assets    |      |   | Inputs      |   |            | Inputs       |   |   | Year Ended     |   |   | as of          |    |
| Description              |   | (Level 1) |      |   | (Level 2)   |   |            | (Level 3)    |   |   | June 27,2010   |   |   | June 27, 2010  |    |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |    |
| Equity securities        |   | $         | 3,322,089 |   |        | $      | -               |         |   | $      | -              |   |   | $              | 36,429  |   |   | $ | 2,611,290 |   |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |    |   |   |   |   |   |
| Mutual fund              |   |      | 3,144,796 |   |        |   | -               |         |   |   | -              |   |   |           | 101,494 |   |   |   | 181,718 |   |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |    |   |   |   |   |   |
| Certificates of deposits |   |      |  -   |   |        |   |  7,136,584 |         |   |   |  -        |   |   |           |  - |   |   |   |  - |   |
| TOTAL                    |   | $         | 6,466,885 |   |        | $      | 7,136,584       |         |   |   | -              |   |   | $              | 137,923 |   |   | $ | 2,793,008 |   |

|                     |   | Quoted    |      |   | Significant |   |            |         |   |   | Unrealized     |   |   | Cumulative     |       |
|--------------------------|--------|-----------|-----------|--------|-------------|--------|-----------------|--------------|--------|--------|----------------|--------|--------|----------------|------------|
|                     |   | Price for |      |   | Other       |   |            | Significant  |   |   | gains/(losses) |   |   | Unrealized     |       |
|                     |   | Identical |      |   | Observable  |   |            | Unobservable |   |   | for the        |   |   | gains/(losses) |       |
|                     |   | Assets    |      |   | Inputs      |   |            | Inputs       |   |   | Year Ended     |   |   | as of          |       |
| Description              |   | (Level 1) |      |   | (Level 2)   |   |            | (Level 3)    |   |   | June 28,2009   |   |   | June 28, 2009  |       |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |       |
| Equity securities        |   | $         | 3,285,660 |   |        | $      | -               |         |   | $      | -              |   |   | $              | (1,048,641 | ) |   | $ | 2,574,861 |   |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |       |   |   |   |   |   |
| Mutual fund              |   |      | 2,908,610 |   |        |   | -               |         |   |   | -              |   |   |           | 101,353    |   |   |   | 80,224 |   |
|                     |   |      |      |   |        |   |            |         |   |   |           |   |   |           |       |   |   |   |   |   |
| Certificates of deposits |   |      |  -   |   |        |   |  7,560,195 |         |   |   |  -        |   |   |           |  -    |   |   |   |  - |   |
| TOTAL                    |   | $         | 6,194,270 |   |        | $      | 7,560,195       |         |   |   | -              |   |   | $              | (947,288   | ) |   | $ | 2,655,085 |   |

----

|                                           |   | June 27, |       |   | June 28, |   |
|------------------------------------------------|--------|----------|------------|--------|----------|--------|
|                                           |   | 2010     |       |   | 2009     |   |
|                                           |   |     |       |   |     |   |
| Buildings                                      |   | $        | 17,541,393 |   |     | $      | 17,541,393 |   |
| Leasehold and building improvements            |   |     | 7,561,489  |   |     |   | 7,250,953 |   |
| Bowling lanes and equipment                    |   |     | 22,625,259 |   |     |   | 22,136,136 |   |
| Land                                           |   |     | 10,590,450 |   |     |   | 10,590,450 |   |
| Amusement games                                |   |     | 848,640    |   |     |   | 834,396 |   |
| Bowling lanes and equipment not yet in use     |   |     | 154,343    |   |     |   | 325,456 |   |
|                                           |   |     | 59,321,574 |   |     |   | 58,678,784 |   |
| Less accumulated depreciation and amortization |   |     | 36,345,796 |   |     |   | 34,957,864 |   |
|                                           |   | $        | 22,975,778 |   |     | $      | 23,720,920 |   |

| Year Ending                  |   |   |      |
|------------------------------|--------|--------|-----------|
| 2011                         |   | $      | 288,000   |   |
| 2012                         |   |   | 288,000   |   |
| 2013                         |   |   | 288,000   |   |
| 2014                         |   |   | 280,667   |   |
| 2015                         |   |   | 16,667    |   |
| Total minimum lease payments |   | $      | 1,161,334 |   |

----

|                                |   | For the Years Ended |    |
|-------------------------------------|--------|---------------------|---------|
|                                |   | June 27,            |    |   | June 28, |   |
|                                |   | 2010                |    |   | 2009 |   |
|                                |   |                |    |   |   |   |
| Minimum rent under operating leases |   | $                   | 287,067 |   |   | $ | 264,881 |   |
| Excess percentage rents             |   |                | 3,675   |   |   |   | 20,291 |   |
|                                |   | $                   | 290,742 |   |   | $ | 285,172 |   |

----

|                                             |   | June 27, |      |   | June 28, |   |
|--------------------------------------------------|--------|----------|-----------|--------|----------|--------|
|                                             |   | 2010     |      |   | 2009     |   |
| Deferred tax:                                    |   |     |      |   |     |   |
| Land, buildings, and equipment                   |   | $        | 1,093,463 |   |     | $      | 1,209,038 |   |
| Unrealized gain on available-for-sale securities |   |     | 1,064,136 |   |     |   | 1,011,587 |   |
| Prepaid expenses and other                       |   |     | (26,873   | )      |     |   | (26,828 | ) |
| Deferred tax liabilities                         |   | $        | 2,130,726 |   |     | $      | 2,193,797 |   |

|                                                  |   | For the Years Ended |   |
|-------------------------------------------------------|--------|---------------------|--------|
|                                                  |   | 2010                |   |   | 2009 |   |
| Taxes computed at statutory rate                      |   |                | 34.0   | % |   |   | 34.0 | % |
| State income taxes, net of Federal income tax benefit |   |                | 3.2    |   |   |   | 2.8 |   |
| Dividends received exclusion                          |   |                | (1.9   | ) |   |   | (1.9 | ) |
| All other net                                         |   |                | -      |   |   |   |   |   |
|                                                  |   |                | 35.3   | % |   |   | 34.9 | % |