Quick Service Restaurant Feasibility Study in the Portland-South Portland, ME Metro Area

One Maine county, a long list of blanks

All 88 limited-service restaurant loans around Portland-South Portland sit in Cumberland County, ME, worth $25.3 million over FY2017 to FY2026. Portland, Maine lands 46 of 779 among areas, the class is second inside Portland (2 of 39), and 1.28x on the location quotient gives limited-service restaurants extra weight against the nation. Much of the cell is withheld, though: no program split, cancellation rate, charge-off rate or several yearly counts can be shown, so nothing is printed in their place.

What does appear shows a light ticket. The median is $177,500, only 0.57x the national class median, and $63,500 and $364,375 are the quartile edges. Franchised units are 14.8%, so most loans carry no franchise flag and a study cannot lean on a franchisor's system data for them. A request near $364,375 would be among the largest in this cell and needs a clear reason.

Lenders

Norway Savings Bank and Androscoggin Savings Bank each hold 8 SBA 7(a) loans, with $3.2 million and $2.3 million, and KeyBank National Association holds 5 loans and $1.5 million. SBA 504 has no lender big enough to list. SBA's holder data, as shown here, offers no view of any bank's approach.

The yearly table shows only FY2018 with 7 loans and $1.0 million, FY2020 with 6 and $2.2 million, FY2021 with 10 and $2.7 million, FY2022 with 11 and $5.1 million, FY2023 with 9 and $1.3 million, and FY2024 with 13 loans and $4.1 million. Loan Analytics withholds FY2017, FY2019, FY2025 and FY2026, so recent momentum cannot be read here. Placement in the metro rests on matching project counties to the 2023 delineation. Cumberland County holds all 88 loans, so the county line that other pages carry reduces to one name here and there is no spread between counties to weigh. Because Cumberland County is the only county in the record, the study can describe trade areas street by street instead of averaging across places.

What a Portland, Maine quick-service study has to settle

A review should count seasonal and year-round traffic along the corridor, test the visibility and rival brands near the site in Cumberland County, and price the building against $177,500. Because loss history is held back, it should show its own downside case, including a slow winter. The 88 loans above forecast nothing.