Fitness Center Feasibility Study in the Greenville-Anderson-Greer, SC Metro Area

Fitness centers in the Greenville area

Greenville-Anderson-Greer, SC records 28 loans where the borrower runs a fitness center, FY2017 to FY2026, adding to $12.6 million. Greenville's $337,500 median is 1.30x the nationwide fitness benchmark, and its central half is wide, from $69,300 to $707,250. Fitness centers are fourth of 39 classes in the metro; in the national area ordering the metro stands 76 of 608; and a 0.91x quotient leaves the class slightly under its national weight. Both the rank and the quotient are descriptive and do not by themselves show room for another club. Nothing is called distinctive.

Brands, years and one holder

Franchise affiliation is 39.3% of loans. TD Bank, National Association holds 5 loans worth $1.6 million, as SBA reports the current holder; the entry says nothing about how the bank lends. Two years print: FY2020 shows 6 loans and $2.3 million, and FY2021 had no loans: 0 loans and $0. All the others are blank for lack of volume, and the program split is not printed.

Outcome rates

Greenville's FY2017 to FY2021 loans fall below the 30 needed under Loan Analytics' own rule, which leaves outcome rates unprinted.

What a Greenville fitness study has to test

A central half running from $69,300 to $707,250 spans tiny studios to large clubs, so the first task of a study is to say which end the project belongs to and what drives the cost: build-out, equipment, a lease deposit, or a building. It must forecast members by month with explicit churn, price per member, ancillary revenue, and staffing for the hours promised, and show debt service coverage under a slow build of membership. With 39.3% of loans branded, any franchise agreement's fees and equipment requirements belong in the model. The lease should outlast the loan. The two printed years, one busy and one empty, show that volume in this metro is lumpy, so the study should not lean on a smooth growth path. Because the metro name covers three cities, the study should name the specific trade area around the proposed site and the clubs already operating there. Loans reach the metro by project county.