Fitness Center Feasibility Study in the Toledo, OH Metro Area

Toledo: fitness centers seventh, below the national weight

Toledo ranks 82 of 608 among areas for fitness centers; within Toledo, the class itself ranks 7 of 39. SBA approved 25 loans totalling $9.0 million in Toledo over FY2017 to FY2026. Location quotient 0.81x; median loan $200,000, or 0.77x the national median.

From $50,000 to $452,700 is where the middle half of Toledo loans fall. Franchise units are 56.0% of the loans. The Huntington National Bank is listed as holder of 16 of the 25 loans, carrying $4.2 million, so a single bank sits behind most of the record. Lucas County holds 15 loans. Toledo gets no program breakdown here.

Toledo's printed years swing widely: Toledo's zeros, 0 loans and $0, fall in FY2018, FY2020, FY2023 and FY2025, FY2019 shows 5 loans worth $864,700, FY2022 shows 7 loans worth $2.9 million and FY2026 (a finished year) shows 5 loans carrying $3.5 million. Beyond those years, Toledo volume is too thin to print. With fewer than 30 loans in Toledo's cohort, no rate is published.

Toledo fitness: what the study must examine

Membership counts have to be tested against floor area and monthly dues, churn through the first year, and equipment and tenant-improvement outlay. With a median of $200,000 and a middle half from $50,000 to $452,700, a lender will compare the build-out with those marks. Franchise status changes the fee burden, and 56.0% of the loans carry it, so the study should show the economics with and without a brand. The lease is a fixed cost that the first year must carry.

One more point for a lender: Toledo pairs a 0.81x location quotient with a median of $200,000 at 0.77x the national one, so both the frequency and the size sit a little under the national mark, while the franchise share of 56.0% is high. A borrower proposing an independent studio therefore has fewer direct comparables than one proposing a branded gym, and the study should state clearly which model it follows.

The recent end of the series

The latest printed year, FY2026, is the most active at the end of the series, with 5 loans and $3.5 million, after FY2025 showed none. A lender may see that as renewed activity, but the page cannot say whether it continues. A borrower should rely on its own site evidence and not on a single recent year, and the study should show the plan working under a slower membership ramp.