Prepared for lenders, CDCs, and federal agencies to SBA SOP 50 10 8, USDA RD Instruction 5001, and conventional underwriting standards. Fiduciary duty runs to the lender and the agency, never the borrower. More than 4,000 studies since 1998 covering $40.2 billion in evaluated project value.
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.
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.
Every Wert-Berater financial model is fully linked with no hardcoded values, so any reviewer can stress any input. Deliverables comprise a complete narrative report and the linked Excel model, with ten-year pro forma, sensitivity analysis at ±5, 10, and 15 percent, interest-rate stress from +0.5 to +3.0 percent, and ratio analysis benchmarked against RMA and IBISWorld data.
SBA engagements are prepared to SOP 50 10 8, including its debt-service-coverage minimums of 1.15x operating and 1.00x global. USDA engagements follow RD Staff Instruction 5001 across the Business & Industry, Community Facilities, REAP, and Value-Added Producer Grant programs. Conventional engagements are built to the lender's stated coverage standard, typically 1.20x. 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. Independence is non-negotiable: determinations follow the evidence and are not revised under pressure, and studies are built to pass lender, agency, and third-party review without exception items.
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