Buying a Club Pilates franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing Club Pilates (classified mostly as Fitness and Recreational Sports Centers), totaling $7.7M. The median loan was $412,000, 36% lower than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Club Pilates resale loans landed between $268,200 and $551,750.
- Lender experience exists. Live Oak Banking Company alone has financed 5 Club Pilates 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.
Financing a Club Pilates resale
The median SBA 7(a) loan for a Club Pilates resale was $412,000 across 15 loans (FY2018 to FY2026). Live Oak Banking Company, Simmons Bank and BankUnited, National Association have financed the most Club Pilates 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%.
Club Pilates acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 4 | $2.6M | $350,000 | |
| FY2020 | 2 | $643K | $321,550 | |
| FY2021 | 4 | $1.9M | $467,500 | |
| FY2022 | 2 | $853K | $426,700 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.1M | $1,100,000 | |
| FY2026 | 2 | $615K | $307,500 |
How often do these acquisition loans fail?
Fewer than 20 Club Pilates 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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Lenders financing Club Pilates resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 33.3% | $2.3M | |
| 2 | Simmons Bank | 3 | 20.0% | $1M | |
| 3 | BankUnited, National Association | 1 | 6.7% | $1.6M | |
| 4 | Encore Bank | 1 | 6.7% | $1.1M | |
| 5 | Texas Champion Bank | 1 | 6.7% | $504K | |
| 6 | Paragon Bank | 1 | 6.7% | $412K | |
| 7 | The Bancorp Bank National Association | 1 | 6.7% | $350K | |
| 8 | BancFirst | 1 | 6.7% | $244K | |
| 9 | Northeast Bank | 1 | 6.7% | $147K |
States where Club Pilates units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 3 | 20.0% | $1.1M | |
| 2 | Oklahoma | 2 | 13.3% | $359K | |
| 3 | Nevada | 1 | 6.7% | $1.6M | |
| 4 | Arkansas | 1 | 6.7% | $1.1M | |
| 5 | Illinois | 1 | 6.7% | $763K | |
| 6 | Utah | 1 | 6.7% | $600K | |
| 7 | Texas | 1 | 6.7% | $504K | |
| 8 | New York | 1 | 6.7% | $500K | |
| 9 | Washington | 1 | 6.7% | $412K | |
| 10 | Georgia | 1 | 6.7% | $335K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How lenders classify Club Pilates
Lenders code each loan to a NAICS industry. For Club Pilates the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Fitness and Recreational Sports Centers | 14 | 93.3% | $7.5M | |
| 2 | Other Personal Care Services | 1 | 6.7% | $244K |
Questions buyers ask
How much do buyers borrow to buy a Club Pilates franchise?
The median SBA 7(a) loan for a Club Pilates resale was $412,000 across 15 loans (FY2018 to FY2026). The middle half of loans ran from $268,200 to $551,750. 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 Club Pilates acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Club Pilates (5, 33% of the total). Simmons Bank, BankUnited, National Association, Encore Bank follow.
What interest rate and term do Club Pilates acquisition loans carry?
The average initial rate at approval was 7.30% (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 Club Pilates resale riskier than other SBA-financed acquisitions?
Too few Club Pilates 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 Club Pilates units being bought with SBA loans?
California (3), Oklahoma (2), Nevada (1), Arkansas (1), Illinois (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
- California acquisitions
- Oklahoma acquisitions
- Nevada acquisitions
- Live Oak Banking Company
- Simmons Bank
- BankUnited, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Club Pilates" (franchise code S0395). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.