SBA 7(a)/504 FOIA · FY1991–PRESENT · GEORGIA
MASSAGE ENVY franchise in Georgia: what the public record shows
Franchisees of MASSAGE ENVY in Georgia have taken 18 SBA loans since 1991 (average $251,955), and of the 17 loans whose story has ended, 23.5% were charged off — versus 8.6% for MASSAGE ENVY nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 30 franchised outlets in Georgia (fiscal 2025) — about 0.27 per 100k residents.
Loans in GA
18
Resolved
17
Local charge-off
23.5%
National charge-off
8.6%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = GA. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 31 | 0 |
| 2024 | 30 | 0 |
| 2025 | 30 | 0 |
| System | Loans in GA | Local charge-off | Units in GA |
|---|---|---|---|
| Subway | 119 | 5.9% | 634 |
| DAIRY QUEEN | 89 | 7.7% | — |
| Firehouse Subs | 54 | 2.4% | 93 |
| Matco Tools | 33 | 16.1% | — |
| HOTWORX | 31 | 0.0% | 34 |
| EDIBLE ARRANGEMENTS | 22 | 6.3% | 31 |
| Fastsigns | 21 | 23.1% | — |
| Sport Clips | 21 | 0.0% | 60 |
| BEEF O' BRADY'S FAMILY SPORTS PUBS | 19 | 83.3% | 4 |
| Allstate Insurance | 17 | 14.3% | — |
| Plato'S Closet | 16 | thin | — |
| RODEWAY INN | 16 | thin | 21 |
Same sector, same state, same public records — how MASSAGE ENVY compares to the systems a buyer in Georgia would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing MASSAGE ENVY's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →