SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
FARRELL'S EXTREME BODYSHAPING franchise in Minnesota: what the public record shows
Franchisees of FARRELL'S EXTREME BODYSHAPING in Minnesota have taken 15 SBA loans since 1991 (average $206,260)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 15.0% is the better guide.
Loans in MN
15
Resolved
8
Local charge-off
thin
National charge-off
15.0%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
Businesses in this industry
710
statewide, all operators
Per 100k residents
12.3
national 11.9
Versus the country
+3%
denser
Every business in FARRELL'S EXTREME BODYSHAPING's industry operating in Minnesota — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| ANYTIME FITNESS; ANYTIME FITNESS EXPRESS | 111 | 4.5% | — |
| Snap Fitness Club | 74 | 7.8% | 69 |
| Curves for Women | 22 | 20.0% | — |
| Orangetheory | 19 | 7.7% | — |
| Burn Boot Camp Fitness | 13 | thin | — |
| Fitness Together | 9 | thin | 3 |
| Club Pilates | 8 | thin | — |
| F45 Training | 8 | thin | — |
| I LOVE KICKBOXING | 5 | thin | — |
Same sector, same state, same public records — how FARRELL'S EXTREME BODYSHAPING compares to the systems a buyer in Minnesota would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing FARRELL'S EXTREME BODYSHAPING's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →