Buying an Anytime Fitness franchise: SBA acquisition loan data

What this tells a buyer

• Price range to expect. Loan size tracks purchase price. Half of Anytime Fitness resale loans landed between $218,425 and $837,500.
• Lender experience exists. Live Oak Banking Company alone has financed 37 Anytime Fitness resales.
• Guaranty. The SBA guaranteed 76% of the dollars lent here.
• What the file leaves out. The SBA file does not record franchisor transfer terms or fees.

How Anytime Fitness compares

The median for Anytime Fitness resale loans is $350,000, above the $298,450 median for fitness and recreational sports centers and well below the $645,250 median for all SBA-financed acquisitions nationally.

The middle half runs $218,425 to $837,500, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.48%, below the 7.76% national average.

Seasoned loans were charged off at 10.5%, in line with the 9.8% rate for fitness and recreational sports centers and well above the 3.5% rate for all acquisition loans.

Loan size distribution

Most Anytime Fitness resale loans (81%) were under $1M, and the largest single band is Under $350K at 49%, against 30% of all acquisition loans.

Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.

Lender concentration

Live Oak Banking Company made 36% of Anytime Fitness resale loans, and the top three lenders together made 47%. 3 of the 49 lenders involved made three or more. Only 3 lenders have repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.

Recent activity

In FY2025 and FY2026 combined, 12 Anytime Fitness resale loans were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $293,500, below the $350,000 median across all years.

Financing an Anytime Fitness resale: what lenders financed

The median SBA 7(a) loan for an Anytime Fitness resale was $350,000 across 102 loans (FY2018 to FY2026). Live Oak Banking Company, Wells Fargo Bank National Association and Platinum Bank have financed the most Anytime Fitness resales. Of 76 seasoned loans (FY2018 to FY2021), 10.5% were charged off, 199% higher than the 3.5% average for all SBA acquisition loans.

Anytime Fitness acquisition loans by year

How often do these acquisition loans fail?

Of the 76 Anytime Fitness acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 8 have been charged off by the SBA, a rate of 10.5% by loan count and 5.9% by dollars. 44 have already been paid in full.

For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Anytime Fitness is 199% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.

"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.

How lenders classify Anytime Fitness

Lenders code each loan to a NAICS industry. For Anytime Fitness the codes used were:

Related

• All Fitness and Recreational Sports Centers acquisitions
• Texas acquisitions
• Florida acquisitions
• California acquisitions
• Live Oak Banking Company
• Wells Fargo Bank National Association
• Platinum Bank
• All franchise brands

Brand name as recorded by lenders in the SBA file: "Anytime Fitness" (franchise code S0122). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.