Fitness Center Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

New York: $390.9 million in fitness center loans

Over FY2017 to FY2026, New York-Newark-Jersey City businesses in fitness center took 773 approvals summing to $390.9 million. The center sits near $226,600, and half of them fall between $65,000 and $650,000. The ratio to the national median for fitness center is 0.87x, so New York, NY loans run below the national middle.

Where New York stands, 3 of 39 in class

In New York the program split reads 755 for 7(a) against 18 for 504, with 7(a) ahead. Working capital is possible just on the 755 7(a) side of New York; the 18 504 loans are tied to property and long-lived equipment. The franchise share, 47.0%, shows how much of the New York, NY class is branded. Place in the national table: 1 of 608. Place among New York, NY classes: 3 of 39. The New York quotient is 0.96x, which puts the class less common around New York-Newark-Jersey City than the national pattern, so either openings or soft demand. The busiest counties: Suffolk County, NY at 77 loans, New York County, NY at 74, Bergen County, NJ at 70. New York, NY is not a one-state market: NJ, NY all fall inside it.

Lenders and floors behind 773 New York loans

By year, FY2025 tops the series with 125 loans and $59.9 million, while FY2021 is lowest with 29 and $28.5 million. New York-Newark-Jersey City 7(a) holders, ranked by loans: TD Bank, National Association with 113 loans for $26.0 million; The Huntington National Bank with 84 loans for $24.2 million; Manufacturers and Traders Trust Company with 71 loans for $9.4 million. SBA reports 113 fitness center loans under TD Bank, National Association; the figure is a holding, and no requirement can be read from it. Between 14.6% and 16.3% of fitness center approvals in New York for FY2017 to FY2024 never funded, the lower figure being a floor. The charge-off floor, 12.0% of 283 disbursed loans, includes 8.1% written off inside five years of approval.

What a fitness center study in New York, NY has to prove

Before debt is sized in New York-Newark-Jersey City, the study weighs the pull of nearby households, the memberships a trade area can sustain and rival gyms and boutique studios, since those set New York revenue. A sound New York, NY budget names opening marketing, a long lease and locker and shower areas, then tests each line against New York-Newark-Jersey City comparables. Stress New York cash flow with a $65,000 loan and a $650,000 loan, then check where coverage weakens. Last comes the appraisal around New York, where membership goodwill, fitness equipment and the lease term each need support ahead of the New York, NY appraiser asks. Past lending does not decide the next application: the 773 New York, NY loans frame the study, and nothing more.

Limits behind 773 New York-Newark-Jersey City loans

The project county puts each of New York, NY's 773 loans in the area. County names, Suffolk County, NY among them, are paired to New York using the July 2023 delineation. New York cancellation covers FY2017 to FY2024 approvals; charge-offs cover FY2017 to FY2021 disbursements.