Beauty Salon Feasibility Study in the Jacksonville, FL Metro Area

Jacksonville salons sit right at the national weight

On beauty salon loans the area ranking puts Jacksonville at 45 of 546, and the class list puts beauty salon at 7 of 39 inside Jacksonville. The location quotient of 0.99x matches the class's share nationally almost exactly. The files hold 42 loans for $10.0 million, FY2017 to FY2026. In Jacksonville the beauty salon median, $146,500, is 1.47x of the countrywide figure; usual loans run $56,250 to $264,375. The size ratio, not the share, is what sets the cell apart.

SBA 7(a) accounts for 32 of the Jacksonville beauty salon loans, SBA 504 for 10. Jacksonville franchise ownership of beauty salon stands at 16.7%. Duval County accounts for 19, and St. Johns County accounts for 15. Among 7(a) holders, SBA names TD Bank, National Association at 5 loans and $210,000. The names above for Jacksonville as the lender on record, so TD Bank, National Association’s policy goes unjudged. This is a holding record.

The Jacksonville beauty salon record has a floor for post-approval cancellations plus the charged-off rate is held back as the cohort is too small; missing never means zero. FY2021: 6 loans, $1.6 million; FY2023: 6 loans, $2.3 million; FY2024: 5 loans, $389,000; FY2025: 10 loans, $1.4 million; and FY2026: 5 loans, $1.2 million.

The program mix leans to 7(a), which fits a class that is mostly leasehold and equipment; a study that proposes a purchase of real estate should explain why it departs from that pattern.

What a Jacksonville salon study tests

A study should test stylist supply, rent per chair, build-out cost, competition from chains and booth-rental operators, and a payment that holds if two chairs go empty. Placement of beauty salon loans in Jacksonville works by the county of the project within July 2023 area definitions. No county match, no inclusion. Because the class rank is middling and the share matches the country, nothing here argues that Jacksonville is a special salon market; the argument for a project has to come from the site, the stylists and the lease. A lender reading a study will look for named operators, a signed lease and a ramp-up plan before it leans on the market averages above. The data is placed in front of a beauty salon assessment at a Jacksonville site, as Daniel Smith, MAI, countersigns it; approval is not implied.