SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Planet Beach franchise in Minnesota: what the public record shows
Franchisees of Planet Beach in Minnesota have taken 11 SBA loans since 1991 (average $274,327), and of the 10 loans whose story has ended, 40.0% were charged off — versus 54.5% for Planet Beach nationally and 14.8% across all rateable franchise brands.
Loans in MN
11
Resolved
10
Local charge-off
40.0%
National charge-off
54.5%
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
1,569
statewide, all operators
Per 100k residents
27.1
national 26.6
Versus the country
+2%
denser
Every business in Planet Beach'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 |
|---|---|---|---|
| Fantastic Sams | 66 | 6.0% | — |
| GREAT CLIPS | 15 | 0.0% | — |
| European Wax Centers-Galleria | 12 | 0.0% | — |
| Amazing Lash Studio | 5 | thin | 6 |
| Deka Lash | 5 | thin | — |
Same sector, same state, same public records — how Planet Beach 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 Planet Beach's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →