Quick Service Restaurant Feasibility Study in the Olympia-Lacey-Tumwater, WA Metro Area

Olympia-Lacey-Tumwater: quick-service restaurant lending

Within Olympia-Lacey-Tumwater, across FY2017 to FY2026, SBA's data list 27 quick-service restaurant loans, worth $13.8 million in gross approvals. Within Olympia-Lacey-Tumwater, quick-service restaurant lending sits 3 of 39 among the asset classes, and Olympia-Lacey-Tumwater is placed at 125 of 779 among metro and micro areas by quick-service restaurant loan count. Olympia-Lacey-Tumwater's location quotient is 1.27x, above the national share. Olympia-Lacey-Tumwater's median loan size comes to $307,000. The inner half of Olympia-Lacey-Tumwater loans extends from $180,500 to $446,350, and the median is 0.99x the class median nationally. Olympia-Lacey-Tumwater sits close to the national class on size, with a median of $307,000 at 0.99x, and a middle half from $180,500 to $446,350, a tight band. With a 1.27x location quotient, quick-service dining stands third locally (3 of 39), and 18.5% of loans are to franchised units. Thurston County holds all 27 loans.

Loan Analytics withholds the split of these loans between its two SBA programs. Franchise-affiliated units account for 18.5% of the Olympia-Lacey-Tumwater loan count. In Olympia-Lacey-Tumwater, no holder reaches five loans. Olympia-Lacey-Tumwater therefore identifies no lender. Every one of the 27 loans sits in Thurston County, WA.

Olympia-Lacey-Tumwater: years, floors and limits

Olympia-Lacey-Tumwater has no year-by-year figures on this page. The Olympia-Lacey-Tumwater cancellation rate: not published, below 30 loans. A charge-off rate for Olympia-Lacey-Tumwater: suppressed, under 30 loans. Olympia-Lacey-Tumwater's minimum is ours, not SBA's. Olympia-Lacey-Tumwater has a short FY2017 to FY2021 group. Olympia-Lacey-Tumwater sits on the 2023 July list. Each loan reaches Olympia-Lacey-Tumwater through its county. Olympia-Lacey-Tumwater leaves out unmatched loans.

Olympia-Lacey-Tumwater: what to test

Olympia plans should say whether the project is branded, since 18.5% of loans are franchised and a brand brings fees and build-out requirements. Test the traffic past the site, the format, and the sales a unit needs to clear a loan near $307,000, with a slow opening period shown. No year-by-year table is printed for this cell, so the sponsor must supply its own evidence of the market. The appraisal will weigh operating income. Because a tight middle half of loans leaves little room for an oversized plan, a request well outside $180,500 to $446,350 should explain itself: whether the extra capital buys land, a larger building or a second drive-through lane, and what sales that extra spending is expected to earn in Thurston County.