Quick Service Restaurant Feasibility Study in the Kiryas Joel-Poughkeepsie-Newburgh, NY Metro Area

Quick-service restaurants in the Poughkeepsie-Newburgh area

The Kiryas Joel-Poughkeepsie-Newburgh, NY area has limited-service restaurants in third place among its classes, 3 of 39, with 32 approved loans, and $6.0 million in gross dollars is the total for FY2017 to FY2026. Across the country the area is 111 of 779. A location quotient of 0.53x says these restaurants carry about half their national weight in local approvals. The median loan of $88,500 stands at 0.28x the class's national median, the smaller of the two ratios on this page.

Very small loans, brands and holders

Loans from $28,750 to $310,675 make up the middle half, and the typical loan of $88,500 is closer to an equipment or working-capital loan than a build-out. Franchise brands attach to 21.9%. Dutchess County, NY and Orange County, NY each record 16 loans. Manufacturers and Traders Trust Company prints for SBA 7(a) with 7 loans worth $255,000 together, and KeyBank National Association with 6 worth $737,500. Those holdings average very little per loan for the first holder. Present holdings are all these figures describe, and the program split is not printed.

FY2018 shows 5 loans and $1.5 million, and FY2022 shows 5 loans and $492,900. The same loan count carries very different dollars, which says loan size varies widely from year to year. Remaining years are not shown because only a few loans stand behind each. The quick-service base here is under the 30 loans Loan Analytics needs, so neither a floor for cancelled approvals nor one for charge-offs is published. Absent figures should be read as absent, not as good news or bad.

What a study here must test

Because loans are small relative to the national norm, a study should be honest about scale: a counter-service operation financed at a modest sum is a different business from a freestanding drive-through. It has to test the sales a realistic trade area can supply, the lease, the equipment and the brand's required spend, then show the debt payment covered at below-plan sales. A lender will look at whether the small loan funds fit-out only or a purchase of the business, and at who owns the premises. The July 2023 delineation places each loan in the area by the county of its project.