Fitness Center Feasibility Study in the Ogden, UT Metro Area

Fitness centers rank 2 of 39 among the Ogden area's classes, and franchise units are 39.0% of loans. The area ranks 58 in a field of 608, the location quotient is 1.18x and the $282,100 median is 1.09x the national class median. Over FY2017 to FY2026 the file lists 41 approvals totaling $13.3 million, with central loans from $70,000 to $395,000, a modest band beside most of the group above. These are mostly leasehold fit-outs with equipment, not new buildings.

Davis County first

Davis County, UT supplies 32 loans and Weber County, UT 9, so the Ogden label understates how much of the record sits in Davis County. The Huntington National Bank is listed at 7 loans and $1.9 million, with Zions Bancorporation, National Association at 7 loans and $854,600, a much smaller average. The program split is hidden.

A real zero and hidden years

FY2021 had 7 loans and $1.9 million and FY2024 7 loans and $3.1 million. In FY2023 the file prints 0 loans and $0, an honest count of none and not a suppressed entry. SBA hides FY2017 through FY2020 and FY2022, then FY2025 and FY2026. SBA reports no cancellation rate because the cohort numbers under 30 loans, and charge-offs are hidden too. Neither should be read as zero, and the page offers no loss floor.

Questions for a gym study

A fitness study turns on membership: how many members the site can sign within a realistic radius, at what dues and with what churn. With franchise units at 39.0% of loans, the study should check territory, required equipment and remodel cycles in the franchise agreement. Rival gyms, boutique studios and municipal recreation centers all pull from the same households and should be counted by drive time, with their pricing. Lease terms and build-out cost belong beside the $282,100 median. Model a presale ramp and a member-retention stress, and payroll for trainers and front desk should be modeled directly. The appraiser should separate equipment and leasehold improvements from the business. The metro boundary is the July 2023 one, and the bank lines show only what SBA lists each bank as holding or having held. A study should also say what share of revenue the sponsor expects from classes, personal training and add-on services, because dues alone rarely tell the whole story, and should identify how the unit will be staffed during early-morning and evening peaks.