Fitness Center Feasibility Study in the Atlanta-Sandy Springs-Roswell, GA Metro Area

Where Atlanta stands for this class

The SBA files file 276 loans for fitness centers in Atlanta across FY2017 to FY2026, totaling $163.5 million in gross dollars approved. Most borrowers received amounts between $199,600 and $625,500. Inside the country Atlanta ranks 8 of 608 inside metro and micro areas for these approvals, on this record, and within the area the class stands 7 of 39 within the classes in SBA's files. The location quotient is 1.06x, so gyms and fitness centers take a slightly larger portion of Atlanta loans than the national mix. Loan size here is anchored by $366,000; set against the class's national midpoint, as a rule, that is a ratio of 1.41x, so loans run larger here.

Programs, franchises and lenders in Atlanta

Fitness center applicants in Atlanta used 7(a) 257 times and 504 19 times, a difference an applicant should weigh when picking a program. Across 504 lending, the largest holder is Small Business Access Partners, Inc., with 5 loans and $8.7 million; Capital Partners Certified Development Company ranks second at 5. Franchise-affiliated borrowers make up 65.2% of fitness center approvals here. Under 7(a), 46 loans sit with The Huntington National Bank, 11 with SouthState Bank, National Association and 9 with Wells Fargo Bank National Association. The institutions above are the current holders of their loans in SBA's files; that tells a reader where the paper sits and nothing more.

Atlanta counties and fiscal years

Project counties rank Fulton County, GA first (89), Cobb County, GA next (50) and DeKalb County, GA third (35). Volume was highest in FY2019, with 37 loans worth $23.6 million, and lowest in FY2017, with 18 loans worth $11.5 million. Loan Analytics withholds FY2020 and FY2024 for gyms and fitness centers in Atlanta because they rest on too few loans, so those years should not be read as empty.

Floors that may only rise for gyms and fitness centers

No fewer than 12.3% of fitness center approved approvals in Atlanta were cancelled once approved inside FY2017 to FY2024, a floor; its ceiling is not printed, as the count is small. Atlanta is best viewed as a county-built figure: a gym loan counts toward Atlanta only through the project county SBA lists, matched by name to the July 2023 boundaries. The loss rate for fitness centers in Atlanta has no printed figure because under 30 loans were funded in the cohort.

Feasibility questions for fitness centers around Atlanta

Demand comes first for fitness centers in Atlanta: rival gyms and studios, then member draw at peak hours. Lenders have funded 276 approvals in the class, yet that count tells an applicant little about a single site until local numbers are built. The appraisal needs its own attention: leasehold improvement value, and landlord consent terms. Cost comes next, including amenity and climate-control upgrades and equipment, flooring and lockers, measured against the Atlanta median loan of $366,000. The coverage test should allow for a late first period, since Atlanta shows fitness center loans that did not go as approved.