Restaurant Feasibility Study in the Gulfport-Biloxi, MS Metro Area

Gulfport-Biloxi: dining rooms second, above the national weight

Full-service restaurants take 2 of 39 among Gulfport-Biloxi's classes in SBA's file, and Gulfport-Biloxi sits at 170 of 821 among areas. SBA approved 26 loans totalling $11.0 million in Gulfport-Biloxi over FY2017 to FY2026. Gulfport-Biloxi shows a location quotient of 1.36x and a median loan of $241,650, which is 0.88x the national median for the class. A location quotient above the national mark with a median slightly under it describes frequent but somewhat smaller loans.

From $112,875 to $478,025 is where the middle half of Gulfport-Biloxi loans fall. Franchise units are 38.5% of the loans. BankFirst Financial Services is listed as holder of 6 loans carrying $3.3 million, and Community Bank of Mississippi as holder of 6 carrying $1.1 million, so equal counts hide very different dollars. Harrison County holds 18 of the 26 loans. 7(a) against 504 for Gulfport-Biloxi: not printed.

FY2017 shows 6 loans worth $462,100, a small dollar total for six loans, and FY2024 shows 5 loans worth $1.5 million. FY2025 and FY2026, both completed years, each show 0 loans and $0. Remaining years for Gulfport-Biloxi are too sparse to show. Cancellation and charge-off stay unpublished for Gulfport-Biloxi: under 30 loans.

What a Gulfport-Biloxi dining study must test

The study should tie covers per seat and the average check to payroll, food cost and rent, then show what remains for the payment. Dining room and kitchen costs belong beside the $241,650 median, the months sales take to mature need stating, and test lease or purchase terms against an appraisal. With the class second locally and 1.36x on location quotient, a lender will expect the plan to say what a new room offers that existing ones do not, using the actual competing restaurants near the site.

The 2025 and 2026 zeros

The last two completed years in the Gulfport-Biloxi file are printed as zero. A reader should take that as the file's record, not as a forecast: no loan for this class was recorded in those years in this area. Because only FY2017 and FY2024 can be printed before them, a plan should not assume that the record predicts the next year, and a lender will look at the borrower's own evidence in preference to the area calendar.