Buying a Farrell's eXtreme Bodyshaping franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Farrell's eXtreme Bodyshaping (classified mostly as Fitness and Recreational Sports Centers), totaling $1.2M. The median loan was $150,000, 77% lower than the $645,250 median for all SBA-financed acquisitions.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Farrell's eXtreme Bodyshaping resale loans landed between $147,000 and $254,100.
- Lender experience exists. Bankers Trust Company alone has financed 2 Farrell's eXtreme Bodyshaping resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Farrell's eXtreme Bodyshaping resale
The median SBA 7(a) loan for a Farrell's eXtreme Bodyshaping resale was $150,000 across 5 loans (FY2018 to FY2026). Bankers Trust Company, Pathward National Association and Wells Fargo Bank National Association have financed the most Farrell's eXtreme Bodyshaping 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%.
Farrell's eXtreme Bodyshaping acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $167K | $83,500 | |
| FY2019 | 2 | $864K | $432,050 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $150K | $150,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Farrell's eXtreme Bodyshaping 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 Farrell's eXtreme Bodyshaping resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bankers Trust Company | 2 | 40.0% | $167K | |
| 2 | Pathward National Association | 1 | 20.0% | $610K | |
| 3 | Wells Fargo Bank National Association | 1 | 20.0% | $254K | |
| 4 | First Central State Bank | 1 | 20.0% | $150K |
States where Farrell's eXtreme Bodyshaping units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Iowa | 3 | 60.0% | $317K | |
| 2 | South Dakota | 1 | 20.0% | $610K | |
| 3 | Minnesota | 1 | 20.0% | $254K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a Farrell's eXtreme Bodyshaping franchise?
The median SBA 7(a) loan for a Farrell's eXtreme Bodyshaping resale was $150,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $147,000 to $254,100. 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 Farrell's eXtreme Bodyshaping acquisitions?
Bankers Trust Company has made the most SBA acquisition loans for Farrell's eXtreme Bodyshaping (2, 40% of the total). Pathward National Association, Wells Fargo Bank National Association, First Central State Bank follow.
What interest rate and term do Farrell's eXtreme Bodyshaping acquisition loans carry?
The average initial rate at approval was 6.56% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 5 years.
Is a Farrell's eXtreme Bodyshaping resale riskier than other SBA-financed acquisitions?
Too few Farrell's eXtreme Bodyshaping 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 Farrell's eXtreme Bodyshaping units being bought with SBA loans?
Iowa (3), South Dakota (1), Minnesota (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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Fitness and Recreational Sports Centers acquisitions
- Iowa acquisitions
- South Dakota acquisitions
- Minnesota acquisitions
- Pathward National Association
- Wells Fargo Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Farrell's eXtreme Bodyshaping" (franchise code S0628). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.