Recent Gym and Fitness Case Studies
Model Study: SBA 7(a) Acquisition of an Operating Planet Fitness Franchise, 7528 S Anthony Blvd, Fort Wayne, Indiana
- Type
- Model study
- Program
- SBA 7(a)
- Location
- Fort Wayne, Indiana
- Determination
- Not compliant
The modeled acquisition of the Planet Fitness club at 7528 S Anthony Blvd, Fort Wayne, a 20,001 SF club in a 1968 former Kmart renovated in 2019, does not pass the SOP 50 10 8.1 historical 1.25x DSCR test as proposed: at a $2,400,000 purchase price and a $3,215,600 7(a) loan, modeled trailing EBITDA of $500,349 covers $504,605 of debt service at 0.99x.
Model Study: SBA 7(a) Financing of a Club Pilates Reformer Studio, Prospect Village Suite 17, Prospect, Kentucky
- Type
- Model study
- Program
- SBA 7(a) loan
- Location
- Prospect, Kentucky
- Determination
- Feasible as resized; not feasible as proposed
A new Club Pilates studio in Suite 17 of Prospect Village (Prospect, Kentucky), financed with a $523,000 SBA 7(a) loan, is feasible as resized: a 20 percent equity injection, a $60,000 working capital reserve, and an $880,000 stabilized revenue underwrite.
Model Study: SBA 504 Financing of a New Indoor Climbing Gym Under the Energy Public Policy Route, Butterfield Business Center Lot 37, Tucson, Arizona
- Type
- Model study
- Program
- 24,000 SF tilt-up, 36-foot clear climbing hall
- Location
- Tucson, Arizona
- Determination
- Not approvable as proposed; feasible as restructured
A new 24,000 SF tilt-up climbing and fitness facility on a listed 1.92-acre light industrial lot in Tucson fails SBA 504 compliance as proposed at the standard 50/40/10 structure: the 10 percent injection does not meet the 20 percent minimum for a special purpose property owned by a new business, the $3,634,191 debenture requires 25 jobs at the $150,000 energy ratio against 17 created, and the structure finances holds, fitness equipment and an operating reserve with 25-year real estate debt.
Model Study: Indoor Pickleball Conversion of a Former Joann Store, 30 A & S Drive, Paramus, New Jersey
- Type
- Model study
- Program
- SBA 7(a) loan
- Location
- Paramus, New Jersey
- Determination
- Not supportable
The franchise structure as proposed does not cover its debt: a Picklr-type franchised club financed under SBA 7(a) at 10 percent equity reaches a Year 3 DSCR of 0.64x after a 9 percent royalty and brand-fund load, and its reserve is gone in Year 2.
Model Study: USDA Community Facilities Direct Loan for a Rural Community Wellness Center, 602 Oak Street, Brainerd, Minnesota
- Type
- Model study
- Program
- CF direct loan
- Location
- Brainerd, Minnesota
- Determination
- Feasible as restructured; not feasible as proposed
A 56,000 SF nonprofit community wellness center with a six-lane natatorium, gymnasium, fitness floor and school-age child care wing, replacing a 1962 facility on a documented downtown Brainerd site, supports USDA Community Facilities direct debt of $6.0 million at 40 years; the $12.0 million proposed loan does not clear coverage without reliance on annual giving.
