Fitness Center Feasibility Study in the Cape Coral-Fort Myers, FL Metro Area

Fitness in Lee County

Ranking classes, fitness center comes in at 4 of 39 for Cape Coral-Fort Myers; counting areas, Cape Coral-Fort Myers is 73 of 608 for fitness center. Every one of the 29 approved loans, worth $15.0 million, is in Lee County, dated FY2017 to FY2026. Cape Coral-Fort Myers carries a location quotient of 0.96x: fitness center loans claim a thinner share there than nationally. At 0.96x the share is close to the national one, so what stands out in Cape Coral-Fort Myers is the loan size and the brand share instead of the weight of the class.

Half of the loans exceed $401,000, which is 1.55x the national median for fitness centers, and the inner half of loans spans $200,000 to $650,000. Brand affiliation covers 62.1% of the loans, a high share, so a proposal in this cell is most often a branded one. SBA's data in Cape Coral-Fort Myers does not show the way the Cape Coral-Fort Myers loans divide between the two SBA programs for Cape Coral-Fort Myers. Everything above describes SBA loans in Cape Coral-Fort Myers; other money for fitness center projects in Cape Coral-Fort Myers lies outside these figures.

Holder and years

The Huntington National Bank holds 8 of the 7(a) loans, $2.5 million in SBA's records. No judgement of a lender's practice is offered or implied. The page prints two years: FY2023 at no loans and $0 and FY2024: 8 loans and $2.5 million. Both are complete fiscal years, so the zero is a real count. We withhold Cape Coral-Fort Myers's both loss-side rates as the Cape Coral-Fort Myers FY2017-to-FY2021 pool contains fewer than 30 loans, and in Cape Coral-Fort Myers our own rule takes over. A missing rate in Cape Coral-Fort Myers is never a zero.

For a lender, the combination of a high median and a high brand share means most requests are branded and big for fitness center; this Cape Coral-Fort Myers page does not record what the money was used for. Borrowers, the practical point is that a request near the Cape Coral-Fort Myers median meets branded comparables. Because one county holds every shown loan, the record offers nothing on how projects elsewhere in the metro area fare.

What to test in a project in Cape Coral-Fort Myers

For Lee County, a fitness study should say how many members the site wins, then weigh gear and buildout beside a loan near the elevated $401,000 median. Payment cover must hold under slow membership growth, and under a franchise fee and brand standards if a brand applies. The lease should outrun the loan, and the real estate requires an appraisal of its own. The federal county grouping defines Cape Coral-Fort Myers; so loans from counties Cape Coral-Fort Myers cannot match are excluded from the totals.