Gas Station Feasibility Study in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area

A very light local weight for fuel sites

Gas stations and truck stops carry about a fifth of their national weight in local lending here, a location quotient of 0.21x. The class is only 17 of 39 locally, though the metro is 30 of 600 across metro and micro areas on volume. SBA lists 43 loans for FY2017 to FY2026, $51.4 million approved, with a median of $770,000, 0.73x the national figure.

A wide spread of sizes and brands

Quartile edges run from $50,000 to $1.8 million, a very wide band from small loans to large ones. Franchise share is 23.3%, and a study should say which fuel-supply arrangement it assumes for the site. Tallies by program stand at 36 under 7(a) and 7 under 504. In South Florida the coding follows each borrower's industry, which lumps truck stops and travel centers with gas stations, and 2022's index has no line for electric vehicle charging.

Counties and holders

Miami-Dade County, FL and Palm Beach County, FL carry 18 loans each, with Broward County, FL at 7. TD Bank, National Association holds 14 loans but only $2.0 million; Paradise Bank holds 5 loans worth $20.1 million, a sharp contrast in loan size. These are SBA's holder tallies and no assessment of either bank. FY2017 printed 6 loans and $8.3 million, FY2020 6 and $4.5 million, FY2021 5 and $9.1 million, and FY2022 5 and $6.6 million. Every other year is blank here, a count Loan Analytics keeps back when few loans sit behind it.

Cancellation floor and gaps

Cancellations after approval reach 19.4% at minimum for FY2017 to FY2024 approvals in the Miami area. Loan Analytics withholds its ceiling and its charge-off rate. Miami-Dade, Palm Beach and Broward are in the tally after a county-name match to the 2023 list.

What a South Florida fuel-site study must test

A study should test traffic counts, access and turn movements, local fuel competition and convenience-store sales, then price tanks, canopy, storm hardening and environmental review. Because loans range from tens of thousands to nearly two million dollars, say which project type is being studied. Run coverage at the $770,000 median and at the upper end of the band, $1.8 million, and expect the appraiser to separate land, building and equipment and to discuss environmental conditions. A charging component would need separate treatment.