Fitness Center Feasibility Study in the Las Vegas-Henderson-North Las Vegas, NV Metro Area

Fitness lending in the Las Vegas valley

Las Vegas produced 69 SBA fitness center loans worth $33.6 million from FY2017 through FY2026, all placed in Clark County, NV. Nationally the area stands 42 of 608 for the class, and inside the area fitness centers hold 6 of 39. A location quotient of 0.72x says fitness takes less of the local book than it takes nationally, so other classes claim more of Las Vegas lending.

The median loan is $300,000 the middle half ranges from $100,000 to $630,000. The ratio to the national median is 1.16x, a moderately larger loan than the class norm. By program, 63 loans use 7(a) and 6 use 504, and 44.9% of the loans carry a franchise brand, so a good part of the local record is brand-backed.

The single lender named

One holder is named: Zions Bancorporation, National Association, shown at 9 loans and $2.2 million under 7(a). No 504 holder is named. The page prints SBA's record of loans held or once held, and it says nothing about what Zions or any other lender requires from a borrower.

Cancellation removed at least 18.9% of the FY2017 to FY2024 approvals, with the undisbursed-inclusive ceiling also at 18.9%, a high floor. The charge-off rate is withheld. The file shows 8 loans and $4.0 million in FY2017, 14 loans and $4.0 million in FY2023, 6 loans and $1.6 million in FY2025 and 10 loans and $10.5 million in FY2026, a large year. Other years are suppressed. Las Vegas membership follows the July 2023 delineation of project counties, and any loan with an unplaceable county is omitted.

What a Las Vegas fitness study must test

A population that turns over quickly makes retention the central test: the study should show how long members stay and what a slow summer does to dues. If shift-work schedules spread demand over late hours, staffing and opening hours should be modeled against it. Competing gyms, boutique studios and hotel facilities in Clark County set the price a new club can charge. Equipment financing and tenant improvements are the large budget lines, and desert cooling costs are a fixed monthly burden. Coverage should be run on a light first year. In the appraisal, leasehold improvements carry the value and equipment depreciates fast. Staffing for late hours should be budgeted, as should the security and cleaning costs that rise if the club offers round-the-clock access.