SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
MassageLuXe Spa franchise in Michigan: what the public record shows
Franchisees of MassageLuXe Spa in Michigan have taken 9 SBA loans since 1991 (average $434,577)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 8.8% is the better guide. Its latest FDD Item 20 state table reports 10 franchised outlets in Michigan (fiscal 2025) — about 0.1 per 100k residents.
Loans in MI
9
Resolved
3
Local charge-off
thin
National charge-off
8.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MI. 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 of 30 loans.
Businesses in this industry
2,326
statewide, all operators
Per 100k residents
22.9
national 26.6
Versus the country
-14%
thinner
Every business in MassageLuXe Spa's industry operating in Michigan — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 10 | 0 |
| 2024 | 10 | 0 |
| 2025 | 10 | 0 |
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| Fantastic Sams | 30 | 34.8% | — |
| GREAT CLIPS | 27 | 0.0% | — |
| Image Sun | 11 | thin | — |
| European Wax Centers-Galleria | 9 | thin | — |
Same sector, same state, same public records — how MassageLuXe Spa compares to the systems a buyer in Michigan 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 MassageLuXe Spa's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →