Fitness Center Feasibility Study in the Tampa-St. Petersburg-Clearwater, FL Metro Area

Tampa: fitness center

Tampa drew 169 fitness center loans worth $70.9 million between FY2017 and FY2026. Tampa places 16 of 608 nationally for the class on 169 loans; in Tampa, the class takes 4 of 39. In Tampa, a quotient of 1.23x makes the class somewhat more common. Tampa is told apart by rank and a 1.23x quotient, not by size at $333,000.

$333,000 is typical in Tampa, in a middle half $150,000 to $536,200; against the national median that is 1.28x, well above it. Tampa lending ran 159 through 7(a) against 10 through 504. 55.0% of 169 Tampa loans are franchised.

Tampa's 7(a) table, 30 loans through The Huntington National Bank, $8.3 million; 9 through BayFirst National Bank, $2.4 million; 8 through Citizens Bank (TN), $4.5 million; 8 through Valley National Bank, $3.3 million; 7 through Newtek Bank, National Association, $1.5 million. Tampa: unnamed holders have under 5 loans. 169 loans in Tampa, by county: Hillsborough County, FL 76; Pinellas County, FL 70; Pasco County, FL 15; Hernando County, FL 8.

Cancellations in Tampa and charge-offs

In Tampa, cancellations took 16.8% or more of Tampa's FY2017 to FY2024 approvals. Tampa: undisbursed-loan ceiling withheld, not zero. 68 FY2017 to FY2021 loans were disbursed; 17.6% or more have been charged off; Tampa five-year measure: withheld, not zero. Tampa floors rise as loans age. Of Tampa's 169 loans, the high year held 26 in FY2026 and the low year 9 in FY2023; FY2026 shows 26 loans and $12.3 million. Yearly loan counts for Tampa: FY2017 14, FY2018 15, FY2019 22, FY2020 18, FY2021 14, FY2022 15, FY2023 9, FY2024 18, FY2025 18, FY2026 26. Dollars by year: FY2017 $10.5 million, FY2018 $6.3 million, FY2019 $6.3 million, FY2020 $8.1 million, FY2021 $4.3 million, FY2022 $4.3 million, FY2023 $2.8 million, FY2024 $6.7 million, FY2025 $9.4 million, FY2026 $12.3 million.

Tampa: testing the project

For 169 loans in Tampa, buildout costs outside $150,000 to $536,200 need cases. For 169 approvals in Tampa, appraisers weigh lease and membership. Tampa approvals ran from 9 in FY2023 to 26 in FY2026; for Tampa, plan for slow signups. Tampa's quotient, 1.23x: count rivals by price tier. Across 169 loans, membership retention in Tampa carries $333,000. Tampa: facing weak signups, debt service holds with $70.9 million approved.

169 loans fall in Tampa by project county. Tampa follows July 2023 delineation by county. Tampa leaves out unplaceable counties. No census here: 169 loans give Tampa a guide only.