Restaurant Feasibility Study in the Pittsfield, MA Metro Area

What the Pittsfield record shows for full-service restaurants

Pittsfield dining pairs a leading local rank with very small loans: a median of $50,000, only 0.18x the national median. SBA's files carry 27 loans for full-service restaurants in Pittsfield, MA, $3.2 million approved across FY2017 to FY2026. Within Pittsfield, MA the class holds 1 of 39, and across the nation the ranking reads 164 of 821. A 1.56x location quotient means the Pittsfield mix leans toward full-service restaurants more than the national mix does. A median of $50,000 sits at 0.18x of the class median nationally; the typical Pittsfield loan is lighter.

The middle half of Pittsfield loans runs from $26,050 to $200,500. A plan priced below $26,050 would be among the smaller Pittsfield loans on record. By program, 22 loans are SBA 7(a) and 5 are SBA 504. SBA's franchise flag gives full-service restaurants a share of 0.00% in Pittsfield. A reviewer reads requests against $50,000. The usual spread runs $26,050 to $200,500. A Pittsfield plan should say if it is branded. The program counts guide the structure choice.

Holders, places and years in Pittsfield

The SBA 7(a) holder list names Beacon Bank and Trust, 8 loans and $266,700. These are holders of record. It gives no view of lender requirements. The county table lists Berkshire County, MA (27 loans). Volume prints for FY2017, 8 loans at $708,500 and FY2026, 0 loans at $0. The remaining years are withheld. Each rests on very few loans. They are undefined, never zero. These scattered years establish no direction. This Pittsfield record is a starting point. The study adds what the record lacks.

Underwriting a full-service restaurant in Pittsfield

No cancellation or charge-off rate for Pittsfield. Too few loans sit in the cohort. No loss floor can be quoted. Areas are federal groupings, 2023 edition. Placement runs on the project county. The comparison runs on names. Unplaceable loans are left out everywhere. 27 approved loans carry $3.2 million in Pittsfield. No total replaces the project. A sponsor planning a full-service restaurant near Pittsfield should expect the study to test performance in slow seasons; the margin left after prime costs; break-even covers with debt added; menu prices against what guests will pay; equipment and furnishing cost set beside the $50,000 median loan; the operator's record with similar rooms; the guest base in the trade area; parking and visibility at the site; and the value set beside the request. The record implies no approval in Pittsfield. Each study stands alone.