Restaurant Feasibility Study in the Jacksonville, FL Metro Area

Jacksonville against the national picture

Volume in Jacksonville reaches 180 approved approvals for full-service restaurants, carrying $149.3 million in gross dollars, inside the FY2017 to FY2026 file. The central half of approvals sit between $272,325 and $1.2 million. In rank terms, Jacksonville is 37 of 821 nationally, and sit-down restaurants are first of the 39 classes counted for Jacksonville. Loan size here centers on $580,000; that is 2.11x the nationwide class median, so loans run larger here. Measured by location quotient, 1.16x, table-service restaurants claim a larger share of approvals around Jacksonville than they do nationally.

Jacksonville restaurant programs and lenders

By program, the record counts 135 approvals under 7(a) and 45 under 504; this split reveals a borrower which program table-service restaurants borrowers use in Jacksonville. Among 504 holders in Jacksonville, Florida First Capital Finance Corporation, Inc. leads at 29 ($33.7 million); then Florida Business Development Corporation (16). On the 7(a) side, in plain terms, The Huntington National Bank leads at 11; next are Newtek Small Business Finance, LLC (8 loans) plus Newtek Bank, National Association (8). Franchise-affiliated borrowers make up 17.2% of full-service restaurant loans here. Treat the lender names as SBA's records of who holds the loan at present: for the record, they locate the paper, not what is required of an applicant for table-service restaurants.

Counties and years in Jacksonville

Project counties rank Duval County, FL first (86), St. Johns County, FL next (52) and Clay County, FL third (22). The yearly file peaks in FY2025 at 28 approvals and $24.2 million, in plain terms, and bottoms out in FY2019 at 12 loans and $7.3 million.

Reading the Jacksonville floors with care

Charge-offs stand at 8.5% to date across 59 disbursed Jacksonville loans from FY2017 to FY2021, by the file, a floor that may climb, in plain terms, with the five-year rate not printed. One limit: area totals for full-service restaurants follow the project county, with the 2023 boundaries and a name match, in this cell, so a loan in an unmatched county does not enter Jacksonville. At least 16.8% of full-service restaurant approvals in Jacksonville of them were cancelled once approved, over FY2017 to FY2024, a floor; no upper figure is printed, since Loan Analytics withholds cohorts under 30 loans.

Testing a full-service restaurants project in Jacksonville

Demand is where a study begins when sit-down restaurants are planned for Jacksonville: covers per day by daypart, plus rivals in the category. A record of 180 loans helps as context, instead of evidence for a particular address. Last, the appraisal of a Jacksonville site for table-service restaurants should address equipment with little collateral value, along with value resting on one operator. Coverage of debt service is the decisive check for sit-down restaurants in Jacksonville: it must keep when revenue ramp slowly, since the floors above reveal called off and charged-off loans nearby. Next comes cost, including food and labor against sales and rent the sales can carry, weighed against the Jacksonville median loan of $580,000. Whether SBA or a lender states yes lies outside any study; what a Jacksonville study of table-service restaurants can do is link the project to the 180 approvals above.