Fitness Center Feasibility Study in the Tulsa, OK Metro Area

Tulsa: fitness centers hold third place

SBA's Tulsa, OK record ranks fitness centers third among 39 classes (3 of 39), and the area stands 65 of 608 for the class. The 35 loans come to $8.1 million for FY2017 to FY2026. Its location quotient is 1.07x, barely above the national share, but the median loan of $149,500 is only 0.58x the national median. Tulsa fitness loans are therefore small, and the middle half runs from $83,050 to $297,500.

Of the 35 loans, 30 are 7(a) and 5 are 504, so the larger government-guaranteed program dominates. Franchise units are 34.3% of the total. Small Business Capital Corporation appears as the holder of 5 loans carrying $2.3 million, as SBA records the present holder. No county tally is printed, because no county has 5 or more of the loans.

No years to show

Every individual year in Tulsa's fitness record falls below the line at which a count can be published, so the page carries no yearly series, and a reader should not infer from that absence that any year was zero. The charge-off rate and the cancellation rate are also missing, the cohort being under 30 loans. What the page can say is limited to the totals, the sizes, the ranks and the one holder. Tulsa's area takes each loan's project county, under the 2023 delineation, and omits counties that cannot be placed.

Put plainly, the Tulsa fitness record is a small-loan record. A median of $149,500 against a national figure well above it means a lender is looking at modest build-outs, and anyone requesting well above that will be asked to justify the difference. Franchise units are 34.3% of Tulsa's loans, so an independent studio has precedent beside it, and a study can say whether a system's fees would have changed its own numbers.

What a Tulsa fitness study must examine

A study for a gym or studio here has to test membership counts against the floor area and the dues each month, member churn in year one, and the cost of equipment and any tenant work. With a median near $149,500, a lender will look at whether the build-out and equipment fit the typical scale, and at how much the lease obligation weighs on cash flow. Franchise status changes the fee burden, so the study should show it separately. The appraisal for such a use rests mainly on the business, so the study has to give the lender an independent income view.