SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Orangetheory franchise in Minnesota: what the public record shows
Franchisees of Orangetheory in Minnesota have taken 19 SBA loans since 1991 (average $616,326), and of the 13 loans whose story has ended, 7.7% were charged off — versus 1.5% for Orangetheory nationally and 14.8% across all rateable franchise brands.
Loans in MN
19
Resolved
13
Local charge-off
7.7%
National charge-off
1.5%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
Businesses in this industry
710
statewide, all operators
Per 100k residents
12.3
national 11.9
Versus the country
+3%
denser
Every business in Orangetheory's industry operating in Minnesota — 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.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| ANYTIME FITNESS; ANYTIME FITNESS EXPRESS | 111 | 4.5% | — |
| Snap Fitness Club | 74 | 7.8% | 69 |
| Curves for Women | 22 | 20.0% | — |
| FARRELL'S EXTREME BODYSHAPING | 15 | thin | — |
| Burn Boot Camp Fitness | 13 | thin | — |
| Fitness Together | 9 | thin | 3 |
| Club Pilates | 8 | thin | — |
| F45 Training | 8 | thin | — |
| I LOVE KICKBOXING | 5 | thin | — |
Same sector, same state, same public records — how Orangetheory compares to the systems a buyer in Minnesota 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 Orangetheory's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →