SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Snap Fitness franchise in Minnesota: what the public record shows
Franchisees of Snap Fitness in Minnesota have taken 74 SBA loans since 1991 (average $168,187), and of the 51 loans whose story has ended, 7.8% were charged off — versus 11.4% for Snap Fitness nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 69 franchised outlets in Minnesota (fiscal 2025) — about 1.19 per 100k residents.
Loans in MN
74
Resolved
51
Local charge-off
7.8%
National charge-off
11.4%
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 Snap Fitness'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.
Avg weekly wage, this industry
$441
Minnesota, BLS QCEW 2025
National average
$438
same industry, all states
Versus the country
+1%
costlier to staff
What Snap Fitness's industry actually pays workers in Minnesota, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This is a real cost signal 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 |
|---|---|---|
| 2017 | 138 | 4 |
| 2018 | 136 | 2 |
| 2019 | 129 | 2 |
| 2023 | 76 | 1 |
| 2024 | 74 | 1 |
| 2025 | 69 | 1 |
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| ANYTIME FITNESS | 111 | 4.5% | — |
| Curves for Women | 22 | 20.0% | — |
| Orangetheory | 19 | 7.7% | — |
| 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 Snap Fitness 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. I'm paid by you — and the job is pressure-testing Snap Fitness's numbers, including talking you out of a bad deal.