Fitness Center Feasibility Study in the Austin-Round Rock-San Marcos, TX Metro Area

Austin: fitness center

158 fitness center loans, worth $85.8 million, were approved in Austin, FY2017 to FY2026. Among metro areas Austin stands 19 of 608 on 158 loans, and in Austin the class stands 3 of 39. Austin's quotient of 1.54x makes the class far more common. $385,100 tracks Austin's parents; ranks and the 1.54x quotient do the distinguishing.

$385,100 in Austin runs well above the national median (1.49x) across 158 loans. Half the loans in Austin fall between $150,000 and $572,375. The split is 145 under 7(a) and 13 under 504, the routes Austin peers took. Franchisees hold 53.8% of Austin's 158 loans.

Austin's 7(a) table, 25 loans with The Huntington National Bank, $12.8 million; 12 with Wells Fargo Bank National Association, $3.3 million; 6 with Citizens Bank (TN), $2.9 million; 5 with Security State Bank and Trust, $1.8 million; 5 with Stearns Bank National Association, $804,000. Austin: holders under 5 loans stay unnamed. Austin by county, 158 loans: Travis County, TX 84; Williamson County, TX 51; Hays County, TX 18.

How Austin loans fared

Of Austin's FY2017 to FY2024 approvals, at least 7.8% were cancelled after approval. Austin withholds the ceiling that counts undisbursed loans. Austin: charge-off floor withheld, not zero. Austin open loans can still raise floors. Austin's yearly count peaked at 28 loans and $11.5 million in FY2023; its low was 8 in FY2020; FY2026 shows 18 loans and $8.5 million. By year, Austin counts: FY2017 16, FY2018 14, FY2019 11, FY2020 8, FY2021 9, FY2022 12, FY2023 28, FY2024 18, FY2025 24, FY2026 18. Gross dollars by year: FY2017 $4.0 million, FY2018 $7.3 million, FY2019 $5.5 million, FY2020 $3.2 million, FY2021 $4.7 million, FY2022 $9.4 million, FY2023 $11.5 million, FY2024 $10.1 million, FY2025 $21.5 million, FY2026 $8.5 million.

Austin: what a study must test

For 158 loans in Austin, buildout costs outside $150,000 to $572,375 need cases. For 158 approvals in Austin, appraisers weigh lease and membership. Austin approvals ran from 8 in FY2020 to 28 in FY2023; for Austin, plan for slow signups. Austin's quotient, 1.54x: count rivals by price tier. Across 158 loans, membership retention in Austin carries $385,100. Austin: facing weak signups, debt service holds with $85.8 million approved.

Austin placed 158 loans by project county. Austin uses the July 2023 delineation by name. Austin omits loans from unmatched counties. These 158 loans guide a view of Austin; they are no census.