Buying a Burn Boot Camp Fitness franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing Burn Boot Camp Fitness (classified mostly as Fitness and Recreational Sports Centers), totaling $7.5M. The median loan was $540,000, 16% lower than the $645,250 median for all SBA-financed acquisitions. 7 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Burn Boot Camp Fitness resale loans landed between $262,750 and $624,500.
- Lender experience exists. Pinnacle Bank alone has financed 3 Burn Boot Camp Fitness resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Burn Boot Camp Fitness resale
The median SBA 7(a) loan for a Burn Boot Camp Fitness resale was $540,000 across 15 loans (FY2018 to FY2026). Pinnacle Bank, Heritage Bank Inc and First Utah Bank have financed the most Burn Boot Camp Fitness resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Burn Boot Camp Fitness acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $1.4M | $561,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $761K | $760,500 | |
| FY2022 | 3 | $876K | $203,800 | |
| FY2023 | 1 | $348K | $348,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $610K | $610,000 | |
| FY2026 | 6 | $3.5M | $495,000 |
How often do these acquisition loans fail?
Fewer than 20 Burn Boot Camp Fitness acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Lenders financing Burn Boot Camp Fitness resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank | 3 | 20.0% | $1.8M | |
| 2 | Heritage Bank Inc | 1 | 6.7% | $1.1M | |
| 3 | First Utah Bank | 1 | 6.7% | $912K | |
| 4 | One Community Bank | 1 | 6.7% | $761K | |
| 5 | Port 51 Lending LLC | 1 | 6.7% | $610K | |
| 6 | Manufacturers and Traders Trust Company | 1 | 6.7% | $540K | |
| 7 | HomeTrust Bank | 1 | 6.7% | $450K | |
| 8 | Midwest Regional Bank | 1 | 6.7% | $348K | |
| 9 | Coastal States Bank | 1 | 6.7% | $310K | |
| 10 | Mechanics and Farmers Bank | 1 | 6.7% | $216K |
States where Burn Boot Camp Fitness units are bought
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a Burn Boot Camp Fitness franchise?
The median SBA 7(a) loan for a Burn Boot Camp Fitness resale was $540,000 across 15 loans (FY2018 to FY2026). The middle half of loans ran from $262,750 to $624,500. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Burn Boot Camp Fitness acquisitions?
Pinnacle Bank has made the most SBA acquisition loans for Burn Boot Camp Fitness (3, 20% of the total). Heritage Bank Inc, First Utah Bank, One Community Bank follow.
What interest rate and term do Burn Boot Camp Fitness acquisition loans carry?
The average initial rate at approval was 8.15% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Burn Boot Camp Fitness resale riskier than other SBA-financed acquisitions?
Too few Burn Boot Camp Fitness acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Burn Boot Camp Fitness units being bought with SBA loans?
Georgia (3), Florida (2), Kentucky (1), Utah (1), Wisconsin (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Fitness and Recreational Sports Centers acquisitions
- Georgia acquisitions
- Florida acquisitions
- Kentucky acquisitions
- Pinnacle Bank
- Heritage Bank Inc
- First Utah Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Burn Boot Camp Fitness" (franchise code S0278). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.