Buying a Biggby Coffee franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing Biggby Coffee (classified mostly as Snack and Nonalcoholic Beverage Bars), totaling $3.4M. The median loan was $332,000, 49% lower than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Biggby Coffee resale loans landed between $245,075 and $493,625.
- Lender experience exists. The Huntington National Bank alone has financed 3 Biggby Coffee resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Biggby Coffee resale
The median SBA 7(a) loan for a Biggby Coffee resale was $332,000 across 8 loans (FY2018 to FY2026). The Huntington National Bank, Horizon Bank and Mercantile Bank have financed the most Biggby Coffee resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Biggby Coffee acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $372K | $371,500 | |
| FY2019 | 1 | $191K | $191,300 | |
| FY2020 | 1 | $263K | $263,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $344K | $344,000 | |
| FY2023 | 1 | $320K | $320,000 | |
| FY2024 | 2 | $885K | $442,500 | |
| FY2025 | 1 | $998K | $998,100 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Biggby Coffee acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing Biggby Coffee resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | 37.5% | $1.1M | |
| 2 | Horizon Bank | 2 | 25.0% | $1.2M | |
| 3 | Mercantile Bank | 1 | 12.5% | $372K | |
| 4 | North State Bank | 1 | 12.5% | $344K | |
| 5 | First Commonwealth Bank | 1 | 12.5% | $320K |
States where Biggby Coffee units are bought
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify Biggby Coffee
Lenders code each loan to a NAICS industry. For Biggby Coffee the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Snack and Nonalcoholic Beverage Bars | 4 | 50.0% | $1.6M | |
| 2 | Limited-Service Restaurants | 3 | 37.5% | $1.5M | |
| 3 | All Other Specialty Food Retailers | 1 | 12.5% | $263K |
Questions buyers ask
How much do buyers borrow to buy a Biggby Coffee franchise?
The median SBA 7(a) loan for a Biggby Coffee resale was $332,000 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $245,075 to $493,625. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Biggby Coffee acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Biggby Coffee (3, 38% of the total). Horizon Bank, Mercantile Bank, North State Bank follow.
What interest rate and term do Biggby Coffee acquisition loans carry?
The average initial rate at approval was 7.50% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Biggby Coffee resale riskier than other SBA-financed acquisitions?
Too few Biggby Coffee acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Biggby Coffee units being bought with SBA loans?
Michigan (6), Indiana (1), Kentucky (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Snack and Nonalcoholic Beverage Bars acquisitions
- Michigan acquisitions
- Indiana acquisitions
- Kentucky acquisitions
- The Huntington National Bank
- Horizon Bank
- North State Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Biggby Coffee" (franchise code S0218). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.