Fitness Center Feasibility Study in the Provo-Orem-Lehi, UT Metro Area

Provo gyms: below national weight, above national size

Fitness center sits 5 of 39 among the classes of Provo, Orem and Lehi, and Provo, Orem and Lehi sits 60 of 608 among areas. Its location quotient of 0.75x says gyms weigh less in this market than nationally. All 40 loans, for $21.7 million across FY2017 to FY2026, sit in Utah County. Size is the Provo, Orem and Lehi story for fitness center: $305,000 at the median, 1.18x of the countrywide fitness center median, within a $187,500 to $508,400 band.

Provo, Orem and Lehi fitness center loans under a flag come to 30.0%. Under 7(a), lenders named include Central Bank (UT), 10 loans and $5.0 million in all. The Provo, Orem and Lehi lender columns as whichever lender holds the paper, with no claim about Central Bank (UT)’s criteria. Holdings, not standards. For Provo, Orem and Lehi fitness center borrowers, nothing prints for the division between the two programs as the loans behind it are few; no zero is implied.

For Provo, Orem and Lehi fitness center borrowers, nothing prints for the charge-off floor together with the cancellation rate as the loans behind it are few; no zero is implied. FY2020 brought 5 loans and $767,500; FY2021 brought 5 loans and $1.7 million; FY2025 brought 5 loans and $3.3 million; and FY2026 brought 6 loans and $2.4 million.

Only one lender clears the naming threshold, and the withheld program split means the study, not the cell, has to say how the project is financed.

What a Provo gym study tests

A study should test membership demand from the local population, rival clubs, lease and build-out cost, equipment replacement, and debt service when dues drive revenue. A fitness center loan belongs to Provo, Orem and Lehi via a project county lookup using the July 2023 metro map. No match, no inclusion. The pairing of a below-average share with an above-average loan size is worth a sentence of its own: fewer gyms are financed here, but those that are tend to be larger projects. A study should therefore ask whether the proposed club is a large format with real estate or a smaller studio, and test the debt accordingly. The numbers here sit alongside a fitness center venture within Provo, Orem and Lehi, signed by Daniel Smith, MAI; no outcome is promised.