Liquor Store Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

Sizing up 647 New York loans

Across FY2017 to FY2026, New York businesses in liquor store received 647 approvals summing to $482.0 million. Sizes center near $450,000, and half of them sit between $150,000 and $989,000. At 1.00x of the national median for liquor store, New York-Newark-Jersey City sits level with the national figure.

Rank 1 of 426: mix and counties in New York, NY

7(a) is the larger program in New York, NY: 630 loans in 7(a), 17 in 504. A applicant in New York choosing between 630-loan 7(a) and 17-loan 504 is choosing between breadth and fixed-asset focus. 0.77% of New York loans went to franchised units. New York, NY stands 1 of 426 for liquor store among all metro and micro areas, and within New York the class is 6 of 39. A location quotient of 1.49x leaves liquor store denser in New York, NY than nationally, which can mean both strength and crowding. New York County, NY heads the county list at 61 loans; Bergen County, NJ follows with 59, then Suffolk County, NY with 57. Because NJ, NY share the New York area, a study should say which state's rules govern the site.

Who holds the 647 New York, NY loans

Annual loans peak in FY2017 at 100 ($55.7 million) and bottom out in FY2022 at 37 ($45.3 million). New York 7(a) holders, ranked by loans: Provident Bank (100 loans, $74.1 million); TD Bank, National Association (84 loans, $8.1 million); Fulton Bank, National Association (45 loans, $61.3 million). The 100 loans at Provident Bank are what SBA's file lists as held or once held, and Provident Bank's practices are not described. SBA 504 loans in New York are listed to Empire State Certified Development Corporation (10 loans, $12.3 million). Lenders in New York, NY saw cancellation of at least 15.4%; counting loans still undisbursed, it could be 16.5%. 1.9% is the floor on charge-offs among 312 disbursed loans, and the within-five-years rate is withheld.

What a New York-Newark-Jersey City study must test at $450,000

Demand comes first: in New York, liquor store sales depend on price pressure from larger sellers, how many licensed rivals sit nearby and neighborhood foot traffic, and no count of 647 loans settles those. Then New York costs: the lease, the license and security and point-of-sale systems, each checked for New York and compared with the $450,000 median loan. Debt service coverage asks whether stabilized New York earnings carry a loan like those above, $150,000 to $989,000 for the middle half, and survive a weak first year. The appraiser tests New York collateral too, namely fixtures, inventory and any real estate; a New York-Newark-Jersey City study anticipates each. 647 New York loans frame the study, yet approval of any New York project turns on that project and its lender.

Limits behind 647 New York loans

By project county, New York-Newark-Jersey City claims 647 loans. Matching New York County, NY and its neighbors to New York uses names under the July 2023 delineation. The New York-Newark-Jersey City cancellation floor and the New York charge-off floor rest on different cohorts, named beside each rate.