Quick Service Restaurant Feasibility Study in the Evansville, IN Metro Area

Counter-service restaurants in Evansville

Evansville, IN ranks limited-service restaurants second, 2 of 39, and a 1.94x location quotient shows them carrying nearly double their national weight in local loans. The area stands 119 of 779 for the class. The $272,500 median is 0.88x the nationwide median. Across FY2017 to FY2026, 30 approvals come to $13.7 million, and franchised units make up 33.3% of loans.

Sizes, counties, years and holders

A $101,250 to $404,375 band covers the central half of loans. Vanderburgh County has 21 of them. FY2022 brought 7 loans and $1.9 million, FY2024 brought 5 loans and $1.2 million, and the other years are hidden along with the program counts. In SBA's holder data, German American Bank has 7 loans worth $996,900 and Heritage Federal Credit Union has 5 loans worth $858,400. These are custody figures and do not describe how either institution would treat a new request.

Blank fields

Evansville gets no floor for cancellations and none for charge-offs; the early group is too thin, so Loan Analytics holds both back and the blank is no clean record. Franchised and independent units are mixed in every figure.

Two holders appear, each with a single block of loans. Do not infer a lending preference from it, because the page cannot show how the loans began. What the figures do show is a market where more than one holder carries a visible share of counter-service files, so a request is likely to meet a lender that has seen similar loans on its books.

What an Evansville counter-service study must show

Breakeven sales per square foot is the first number to find; the study then tests the reach of the site's traffic and sightlines against it, with drive-thru lane capacity and curb access examined closely. Where the concept is franchised, royalties and advertising payments come ahead of the loan payment, and territory terms deserve a careful read. A median near $272,500 points to modest build-outs, so a plan far above that needs a reason such as land purchase. Food and paper costs, wage rates and delivery fees feed a cash flow a lender can test on lower sales. A leased unit is appraised on the business, and a ground lease or purchase changes what the real estate adds.