SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
MassageLuxe franchise in Illinois: what the public record shows
Franchisees of MassageLuxe in Illinois have taken 5 SBA loans in the FY1991–present FOIA files (average $321,000). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. MassageLuxe's national ratio is 1.0× (not clearly different from 1.0×). Its latest FDD Item 20 state table reports 5 franchised outlets in Illinois (fiscal 2025) — about 0.04 per 100k residents.
Loans in IL
5
Charged off (all years)
1 of 4
Loss ratio in IL
—
Loss ratio nationally (not clear)
1.0×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
Businesses in this industry
1,176
statewide, all operators
Per 100k residents
9.3
national 11.6
Versus the country
-20%
thinner
Every business in MassageLuxe's industry operating in Illinois — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$696
Illinois, BLS QCEW 2025
National average
$806
same industry, all states
Versus the country
-14%
cheaper to staff
What MassageLuxe's industry actually pays workers in Illinois, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2019 | 5 | — |
| 2020 | 5 | — |
| 2021 | 5 | — |
| 2023 | 5 | 0 |
| 2024 | 5 | 0 |
| 2025 | 5 | 0 |
| System | Loans in IL | Charged off (all years) | Loss ratio in IL | Units in IL |
|---|---|---|---|---|
| MASSAGE ENVY | 39 | 2 of 32 | 0.4×NOT CLEAR | 45 |
| Pearle Vision | 34 | 1 of 28 | — | — |
| Healthsource Chiropractic | 8 | 1 of 8 | — | — |
| HEALTH MART | 7 | 2 of 5 | — | 81 |
| Medicine Shoppe | 7 | 0 of 7 | — | — |
| The Joint...the chiropractic place | 7 | 0 of 2 | — | 2 |
| THE NOW | 6 | 0 of 3 | — | — |
| Medicap Pharmacy | 5 | 0 of 3 | — | — |
Other systems in MassageLuxe's sector whose franchisees borrowed in Illinois. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing MassageLuxe’s numbers, including talking you out of a bad deal.