SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW JERSEY
Retrofitness franchise in New Jersey: what the public record shows
Franchisees of Retrofitness in New Jersey have taken 57 SBA loans since 1991 (average $799,996), and of the 39 loans whose story has ended, 5.1% were charged off — versus 6.8% for Retrofitness nationally and 14.8% across all rateable franchise brands.
Loans in NJ
57
Resolved
39
Local charge-off
5.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NJ. 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
1,495
statewide, all operators
Per 100k residents
15.7
national 11.9
Versus the country
+32%
denser
Every business in Retrofitness's industry operating in New Jersey — 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 NJ | Local charge-off | Units in NJ |
|---|---|---|---|
| THE LITTLE GYM | 23 | 20.0% | — |
| Orangetheory | 22 | 0.0% | — |
| Planet Fitness | 14 | thin | 71 |
| GOLD'S GYM | 13 | thin | 3 |
| Curves for Women | 12 | 18.2% | — |
| F45 Training | 12 | thin | — |
| ANYTIME FITNESS; ANYTIME FITNESS EXPRESS | 10 | thin | — |
| BAR METHOD | 9 | thin | — |
| CycleBar | 6 | thin | — |
| Stretch Lab | 6 | thin | — |
| Yoga Six | 6 | thin | — |
| Lady of America | 5 | thin | — |
Same sector, same state, same public records — how Retrofitness compares to the systems a buyer in New Jersey 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 Retrofitness's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →