Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Sports-facility feasibility converts participation rates into court-hours, memberships, and league revenue. The study quantifies the participating population by sport within the drive-time market, maps existing court and field supply both commercial and municipal, and models utilization by daypart — because prime-time demand does not fill weekday mornings, and pro formas that assume it do not survive review. Food-and-beverage, programming, and event revenue are modeled on their own economics, and the management plan behind programming receives explicit evaluation.
How we do it
Methodology combines sport-governing-body participation data, demographic screens, a physical census of competing facilities including municipal supply, and daypart utilization modeling benchmarked against operating clubs. The financial model tests membership and court-fee revenue under conservative utilization against the program's coverage minimum.
How we can help you
Projects arrive under SBA 7(a) and 504 for owner-operators — with startup equity-injection rules addressed directly — and conventional lending for larger facilities; dome and indoor-sports projects are evaluated under the same discipline. The firm's record includes a $4,840,000 six-court recreation and taproom venue in the Austin MSA at Year 1 DSCR 1.97x, a $115,000,000 sports and recreation engagement in New Mexico, and indoor sports dome analysis in Illinois.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.