Fitness and Recreational Sports Centers: SBA business acquisition loan data
646 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Fitness and Recreational Sports Centers (NAICS 713940), totaling $360M. Median loan $298,450, 54% lower than the all-acquisition median. Annual volume rose 29% from FY2024 to FY2026. 52% of these deals were franchised units.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $650,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 1.3% of all SBA-financed business purchases, ranking #13 of 300 industries tracked.
- Geography. Texas leads with 58 loans; the top five states account for 31% of the industry's acquisitions.
- Jobs. Lenders reported 7,909 jobs supported across these loans, about 12.2 per acquisition, a rough proxy for the size of business changing hands.
Fitness and Recreational Sports Centers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 87 | $46.8M | $227,100 | |
| FY2019 | 98 | $38M | $249,200 | |
| FY2020 | 78 | $41.6M | $297,500 | |
| FY2021 | 54 | $27.2M | $331,500 | |
| FY2022 | 45 | $28M | $274,000 | |
| FY2023 | 45 | $23.5M | $250,000 | |
| FY2024 | 70 | $36.1M | $353,500 | |
| FY2025 | 79 | $43.4M | $312,000 | |
| FY2026 | 90 | $75M | $435,000 |
How often do these acquisition loans fail?
Of the 317 Fitness and Recreational Sports Centers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 31 have been charged off by the SBA, a rate of 9.8% by loan count and 6.6% by dollars. 170 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 Fitness and Recreational Sports Centers is 178% 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 58 | 9.0% | $37M | |
| 2 | California | 47 | 7.3% | $26.3M | |
| 3 | Georgia | 36 | 5.6% | $21.3M | |
| 4 | Florida | 33 | 5.1% | $19.7M | |
| 5 | New York | 27 | 4.2% | $22.5M | |
| 6 | New Jersey | 26 | 4.0% | $14.6M | |
| 7 | Michigan | 21 | 3.3% | $6.8M | |
| 8 | Virginia | 20 | 3.1% | $16.6M | |
| 9 | Minnesota | 20 | 3.1% | $7M | |
| 10 | Washington | 19 | 2.9% | $17.2M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 70 | 10.8% | $66.5M | |
| 2 | The Huntington National Bank | 52 | 8.0% | $17.4M | |
| 3 | Wells Fargo Bank National Association | 12 | 1.9% | $4.8M | |
| 4 | Stearns Bank National Association | 12 | 1.9% | $2.7M | |
| 5 | Manufacturers and Traders Trust Company | 11 | 1.7% | $3.4M | |
| 6 | Byline Bank | 10 | 1.5% | $7.5M | |
| 7 | Pinnacle Bank | 10 | 1.5% | $5.7M | |
| 8 | Pathward National Association | 8 | 1.2% | $11.4M | |
| 9 | Truist Bank | 8 | 1.2% | $2.3M | |
| 10 | United Community Bank | 7 | 1.1% | $3.9M |
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Franchise brands in Fitness and Recreational Sports Centers
52% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Anytime Fitness | 97 | 29.0% | $60.3M | |
| 2 | Pure Barre | 22 | 6.6% | $5.9M | |
| 3 | Orange Theory Fitness | 20 | 6.0% | $24.5M | |
| 4 | Burn Boot Camp Fitness | 15 | 4.5% | $7.5M | |
| 5 | Hotworx | 15 | 4.5% | $6.6M | |
| 6 | Club Pilates | 14 | 4.2% | $7.5M | |
| 7 | Workout Anytime | 12 | 3.6% | $14.2M | |
| 8 | Snap Fitness | 11 | 3.3% | $2.4M | |
| 9 | Retrofitness | 8 | 2.4% | $9.3M | |
| 10 | Fitness Together | 8 | 2.4% | $1.6M | |
| 11 | F45 Training | 7 | 2.1% | $1.8M | |
| 12 | 9Round | 7 | 2.1% | $1.1M | |
| 13 | The Bar Method | 6 | 1.8% | $4M | |
| 14 | Stretch Lab | 6 | 1.8% | $3.2M | |
| 15 | barre3 | 5 | 1.5% | $1.5M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Fitness and Recreational Sports Centers?
Median $298,450 across 646 acquisition loans (FY2018 to FY2026); the middle half ran $150,000 to $650,000. That is 54% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Fitness and Recreational Sports Centers acquisitions?
Live Oak Banking Company (70), The Huntington National Bank (52), Wells Fargo Bank National Association (12), Stearns Bank National Association (12), Manufacturers and Traders Trust Company (11).
Are businesses in Fitness and Recreational Sports Centers often franchised?
Yes, often. 52% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Anytime Fitness, Pure Barre, Orange Theory Fitness, Burn Boot Camp Fitness, Hotworx.
How risky are SBA loans for buying a business in Fitness and Recreational Sports Centers?
Of 317 seasoned loans (FY2018 to FY2021), 9.8% charged off, 178% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Fitness and Recreational Sports Centers acquisitions?
Median term 10 years, average initial rate 7.95% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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Related
- Fitness and Recreational Sports Centers in Texas
- Fitness and Recreational Sports Centers in Georgia
- Fitness and Recreational Sports Centers in New York
- Fitness and Recreational Sports Centers in New Jersey
- Live Oak Banking Company
- The Huntington National Bank
- Wells Fargo Bank National Association
- All industries