Fitness Center Feasibility Study in the Memphis, TN-MS-AR Metro Area

Fitness centers in the Memphis metro: all 7(a), mostly branded

Memphis, TN-MS-AR shows 30 loans to fitness centers across FY2017 to FY2026, with 30 under SBA 7(a) and 0 under SBA 504; together they total $10.1 million. Franchise affiliation stands at 66.7%, so most of these studios and gyms operate under a brand. The $298,750 median is 1.15x the national fitness figure, the central half runs from $185,600 to $415,000, and the metro stands 72 of 608 in the area ordering. Fitness centers are the fifth-ranked class locally, and the location quotient of 1.37x gives them a weight above the national share. No metric is called distinctive.

What the record leaves blank

This cell has no year table, no lender at five loans and no county table, so the story is carried by the totals and ratios alone. Blank is not zero: a year shown with no number means too few loans stood behind it. Memphis shows no cancellation or charge-off rate: the metro's loans from FY2017 to FY2021 total below the 30 that Loan Analytics' own rule requires.

Why a tight loan band matters

A central half that sits between $185,600 and $415,000 is a narrow band for a lending class, and it implies equipment and leasehold improvements more often than property purchase. An all-7(a) record points the same way: borrowers here have relied on the working-capital program, not on a real-estate note, so a study should show what the loan buys and what the borrower keeps.

Testing a Memphis gym

Membership businesses live on joins, cancellations and price, so a study must forecast members by month with an honest churn assumption, the revenue per member, class and personal-training income if any, and the staffing needed to open the hours promised. It should compare the proposed address with existing clubs and the site's visible traffic, then show whether debt service holds when membership builds slowly. With 66.7% of loans branded, franchise fees and required equipment packages go into the model too. The lease matters: its term should outlast the loan. This page promises no approval, and the metro is built from project counties.