Fitness Center Feasibility Study in the Oklahoma City, OK Metro Area

Oklahoma City gyms near the national picture

For fitness center loans, Oklahoma City stands 50 of 608 among areas, while locally fitness center stands 4 of 39. The quotient for location, 1.15x, gives gyms a modest lift over their weight in the whole country. From FY2017 to FY2026 the files carry 51 loans for $18.1 million. A $241,200 median loan in Oklahoma City compares at 0.93x with the national fitness center median, while $98,200 to $464,950 holds the typical fitness center loan.

Franchise brands appear on 43.1% of the loans. Oklahoma County (30) and then Cleveland County (14). Under 7(a), lenders named include BancFirst: 13 loans, $2.2 million. Lender rows for Oklahoma City as SBA’s ledger of holders, leaving BancFirst’s practices unassessed. A record, not a policy. Among Oklahoma City fitness center loans, the split by SBA program stays out of print with too little data behind it; absence is not nil.

Among Oklahoma City fitness center loans, the charge-off share together with the rate of cancelled approvals stays out of print with too little data behind it; absence is not nil. FY2019 brought 6 loans and $2.8 million; FY2022 brought 7 loans and $1.4 million; FY2023 brought 8 loans and $2.2 million; and FY2024 brought 6 loans and $2.2 million.

With the program split withheld, a reader cannot tell how much of this lending is real estate and how much is equipment and working capital, which is itself a reason for the study to state its own use of funds.

Questions for an Oklahoma City gym

The study has to test members within a short drive, rival clubs, lease cost, equipment age and replacement, and the retention rate that dues need to cover the payment. Median loans near $241,200 point to leased space; ownership would call for a stronger appraisal case. It should also compare the proposed site with the existing clubs on drive time and parking, because a gym lives or dies on convenience, and set a ramp-up schedule for the first year of dues so that the payment is tested against realistic, not mature, membership. SBA assigns a fitness center loan to Oklahoma City using the financed site’s county in the July 2023 delineation. Outside the map, nothing counts. These records serve behind the fitness center analysis a Oklahoma City borrower needs, carrying Daniel Smith, MAI, as byline; credit is never pledged.