Fitness Center Feasibility Study in the Lexington-Fayette, KY Metro Area

Fitness second on the local list

In Lexington-Fayette, fitness center loans stand at 2 of 39 within Lexington-Fayette's own classes, and the area is 76 of 608 nationally for them. 28 approvals totalling $8.4 million are recorded for FY2017 to FY2026, with 20 in Fayette County. With a quotient of 1.84x, Lexington-Fayette gives fitness center loans a heavier share of SBA lending than the country.

Median loan size is $188,500; relative to the national median throughout fitness centers that is 0.73x, and half of all loans fall from $68,750 to $440,625. A franchise brand attaches to 39.3% of the Lexington-Fayette loans, so independents are the majority. This cell does not show how these loans are divided throughout 7(a) and 504 in Lexington-Fayette in Lexington-Fayette. A lender weighing Lexington-Fayette should remember that the fitness center figures cover SBA-recorded loans merely, so a plan in Lexington-Fayette requires separate proof of revenue.

The holder and the printed years

The Huntington National Bank: 5 of the 7(a) loans, $1.3 million. SBA names the present holder and nothing about method. The page shows three years: FY2017 at 5 loans and $1.3 million, FY2020 at no loans and $0 and FY2023 with 5 loans and $1.8 million. We hold back Lexington-Fayette's two outcome rates since the Lexington-Fayette FY2017 to FY2021 cohort has beneath 30 loans, a number our cut-off will not rate for Lexington-Fayette. A withheld rate in Lexington-Fayette should never be read as zero.

The class ranks 2 of 39 in Lexington-Fayette, so fitness is among the most financed classes in Lexington-Fayette, yet the median is under the national one. For a lender, that means many loans of moderate size relative to the class nationally. For a borrower, it means a proposal well above $440,625 stands out beside the local record, and one near the Lexington-Fayette median will be read as typical.

A Lexington fitness study should show how many members the location can win given the supply already financed, then set equipment and buildout relative to a loan near $188,500. Revenue must cover rent or ownership alongside a slow case beside it. A lender will want the lease to outrun the loan and any real estate appraised on its own. The federal delineation draws Lexington-Fayette, so loans from counties Lexington-Fayette cannot place are excluded from the totals.

How to read Lexington-Fayette's cell

Fayette County supplies 20 of the 28 loans, so the record is largely a single-county one. A lender will notice a class with a below-national median and a wide band, and will ask if a request is a small studio or a full facility. Borrowers should answer that before it is asked, and should expect the 39.3% brand share to prompt a question about which model the project follows.