Buying a Massage Heights franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Massage Heights (classified mostly as Other Personal Care Services), totaling $5.4M. The median loan was $917,700, 42% higher than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Massage Heights resale loans landed between $821,000 and $1,062,850.
- Lender experience exists. Home Bank, National Association alone has financed 2 Massage Heights 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 Massage Heights resale
The median SBA 7(a) loan for a Massage Heights resale was $917,700 across 6 loans (FY2018 to FY2026). Home Bank, National Association, Northwest Bank and First National Bank of Omaha have financed the most Massage Heights 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%.
Massage Heights acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $820K | $820,000 | |
| FY2019 | 1 | $1.1M | $1,080,000 | |
| FY2020 | 1 | $432K | $431,800 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $1M | $1,011,400 | |
| FY2024 | 1 | $1.3M | $1,265,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $824K | $824,000 |
How often do these acquisition loans fail?
Fewer than 20 Massage Heights 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.
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Lenders financing Massage Heights resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Bank, National Association | 2 | 33.3% | $1.4M | |
| 2 | Northwest Bank | 1 | 16.7% | $1.3M | |
| 3 | First National Bank of Omaha | 1 | 16.7% | $1.1M | |
| 4 | East West Bank | 1 | 16.7% | $824K | |
| 5 | The Huntington National Bank | 1 | 16.7% | $820K |
States where Massage Heights units are bought
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Massage Heights
Lenders code each loan to a NAICS industry. For Massage Heights the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Other Personal Care Services | 5 | 83.3% | $4.6M | |
| 2 | All Other Personal Services | 1 | 16.7% | $824K |
Questions buyers ask
How much do buyers borrow to buy a Massage Heights franchise?
The median SBA 7(a) loan for a Massage Heights resale was $917,700 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $821,000 to $1,062,850. 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 Massage Heights acquisitions?
Home Bank, National Association has made the most SBA acquisition loans for Massage Heights (2, 33% of the total). Northwest Bank, First National Bank of Omaha, East West Bank follow.
What interest rate and term do Massage Heights acquisition loans carry?
The average initial rate at approval was 7.22% (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 Massage Heights resale riskier than other SBA-financed acquisitions?
Too few Massage Heights 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 Massage Heights units being bought with SBA loans?
Texas (4), Iowa (1), Missouri (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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Other Personal Care Services acquisitions
- Texas acquisitions
- Iowa acquisitions
- Missouri acquisitions
- Home Bank, National Association
- Northwest Bank
- First National Bank of Omaha
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Massage Heights" (franchise code S1085). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.