Coffee Shop Feasibility Study in the Portland-South Portland, ME Metro Area

Coffee shop lending in Portland-South Portland: where the area stands

46 SBA loans worth $11.0 million were approved in Portland-South Portland, ME from FY2017 to FY2026, a rank of 41 of 612 among metro and micro areas. Portland-South Portland's coffee shop share of loans is 1.73x the share seen nationally: Portland-South Portland leans toward the class. Ranked inside Portland-South Portland, the class sits 4 of 39, a core business. All of Portland-South Portland's loans sit in ME.

The median Portland-South Portland loan comes to $117,700, with its middle half between $53,750 and $250,000. The local median is 0.49x the national class median, so tickets here run lighter. Of the loans, 37 are 7(a) and 9 are 504. Franchised loans make up 10.9% of the class.

Portland-South Portland holders and counties for coffee shop

Under 7(a) in Portland-South Portland, the largest holders listed are Maine Community Bank at 9 loans and $1.3 million; Norway Savings Bank at 5 loans and $733,000; and Manufacturers and Traders Trust Company at 5 loans and $335,000. On the 504 side of Portland-South Portland, Granite State Economic Development Corporation at 9 loans and $4.4 million. Each Portland-South Portland row is an SBA record. The Portland-South Portland lenders named hold or held them. Portland-South Portland figures show files, not conduct. No Portland-South Portland row says what a lender requires. In Portland-South Portland, by county, Cumberland County, ME holds 33 loans; next come York County, ME at 13.

The yearly record lists FY2020 (5 loans, $3.2 million) and FY2022 (6 loans, $712,500). Five loans carried $3.2 million in one year and six carried $712,500 in the other, so the dollar swing between the two is far larger than the swing in count. Loan Analytics withholds the other years because too few loans stand behind them, so those gaps are silence, not nil. Neither floor is printed for Portland-South Portland coffee shops, as the cohorts behind them are thin. All totals use the 2023 federal list; each project is placed by county, and unmatched counties are omitted.

Proving a coffee shop project in Portland-South Portland

From this coffee shop record in Portland-South Portland, ME, the work narrows to one parcel. A study should check rent against margins, morning traffic counts at the site, staffing for the morning rush, ticket size and transactions per hour, and the cost and service life of espresso equipment. Taken in order, those tests give demand, cost, coverage and value. The 46 loans above promise no approval.