SBA 504 Fitness Center Feasibility Study in Ohio

Ohio gyms under SBA 504

Fitness centers under 504 in Ohio have a midpoint of $480,000, 0.61x the national 504 gym midpoint. The 30 loans total $19.2 million, with a middle half between $292,250 and $903,500. Ohio is tenth by loan count nationally, with fitness center at 7 of 39 on the home ladder. A tenth of the loans, 10.0%, are franchised, so most borrowers are independent owners.

Three development companies

Community Capital Development Corporation holds 9 loans and $6.9 million. Alloy Development Co., Inc. holds 7 loans, $2.2 million, and Cascade Capital Corporation holds 5 loans, $2.3 million, all as SBA lists the present holder. Franklin County leads with 5 loans; Delaware and Warren have 3 each; Greene, Hamilton and Licking 2. Years ran steady, with 5 loans in each of FY2018 and FY2026, the latter worth $4.7 million, the largest dollar year.

Missing rates

Ohio gyms show no figure for approvals that failed to fund and none for loans charged off; Loan Analytics withholds both rates, since each cohort holds under 30 loans. The class carries no coding limit, but a reader still has no outcome floor for this cell and should not assume one, nor read the silence as a verdict on the sector.

What an Ohio gym study has to test

The membership base is the revenue, so show the population within a short drive, the age profile, and the gyms and recreation centers already competing, including low-cost chains. State the dues, the sign-up pace, and the churn that the plan assumes, plus income from classes, training and childcare. Because the loan buys property, give the purchase price or construction cost, the condition of the roof, heating and cooling systems and pool or locker areas, and the equity. Equipment replacement should be scheduled over the loan term. Show the median ticket of $480,000 against the central band of $292,250 to $903,500. A gym building is open and column-free, so say what other users might pay for it. Coverage must be tested with a slow membership ramp, and a winter or summer swing in attendance. If the unit is franchised, include the fees.