Fitness Center Feasibility Study in the Albuquerque, NM Metro Area

Fitness centers in Albuquerque: half of them branded

Albuquerque, NM shows 28 loans to fitness centers over FY2017 to FY2026, adding to $11.8 million. Franchise affiliation is 50.0%, so half of these gyms and studios work under a brand. A $328,200 median puts Albuquerque at 1.27x the national fitness figure, with half of loans between $125,500 and $499,875. The class is sixth of 39 locally, across areas the metro is 76 of 608, and a location quotient of 1.11x puts it a little above the national share. No figure is called distinctive.

One named holder, and a blank page of years

SBA's reporting lists The Huntington National Bank with 7 loans under 7(a), worth $1.6 million; that line reports a holding and takes no view of lending. No year prints, because the loans behind each are too few, and a blank is not a zero. The program split is not printed either, and Under Loan Analytics' own rule cancellation and charge-off need 30 loans, and Albuquerque's class total from FY2017 to FY2021 is below that.

What the loan band says

A central half of $125,500 to $499,875 is a moderate band for a loan class, and the $328,200 median sits in its upper part. That points to build-out, equipment and sometimes an acquisition of an existing club, so a study should say which. It should also say whether the loan funds an existing club's purchase or a new opening.

Testing an Albuquerque gym

A study has to forecast members by month with explicit assumptions about joins and cancellations, the price per member, revenue from classes and training, and staffing for the hours promised. It should compare the site with existing facilities and the traffic that reaches it, and show debt service coverage if membership builds slowly. Half the loans being branded, the model needs the franchisor's fees and mandated equipment purchases. The lease should run longer than the loan, since build-out is hard to recover, and a loan toward the $499,875 upper edge should say what drives it there. Project county decides placement here, and nothing on the page predicts approval.