Buying a Buffalo Wings & Rings franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Buffalo Wings & Rings (classified mostly as Full-Service Restaurants), totaling $3.7M. The median loan was $749,000, 16% higher than the $645,250 median for all SBA-financed acquisitions. 2 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 Buffalo Wings & Rings resale loans landed between $350,000 and $825,500.
- Lender experience exists. Wells Fargo Bank National Association alone has financed 1 Buffalo Wings & Rings resales.
- Guaranty. The SBA guaranteed 73% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Buffalo Wings & Rings resale
The median SBA 7(a) loan for a Buffalo Wings & Rings resale was $749,000 across 5 loans (FY2018 to FY2026). Wells Fargo Bank National Association, Texas Capital Bank and Celtic Bank Corporation have financed the most Buffalo Wings & Rings 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%.
Buffalo Wings & Rings acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $1.5M | $350,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $749K | $749,000 | |
| FY2026 | 1 | $1.5M | $1,457,300 |
How often do these acquisition loans fail?
Fewer than 20 Buffalo Wings & Rings 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Buffalo Wings & Rings resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 1 | 20.0% | $1.5M | |
| 2 | Texas Capital Bank | 1 | 20.0% | $826K | |
| 3 | Celtic Bank Corporation | 1 | 20.0% | $749K | |
| 4 | First Financial Bank | 1 | 20.0% | $350K | |
| 5 | Coastal States Bank | 1 | 20.0% | $315K |
States where Buffalo Wings & Rings units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 2 | 40.0% | $1.8M | |
| 2 | Illinois | 2 | 40.0% | $1.1M | |
| 3 | California | 1 | 20.0% | $826K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do buyers borrow to buy a Buffalo Wings & Rings franchise?
The median SBA 7(a) loan for a Buffalo Wings & Rings resale was $749,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $350,000 to $825,500. 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 Buffalo Wings & Rings acquisitions?
Wells Fargo Bank National Association has made the most SBA acquisition loans for Buffalo Wings & Rings (1, 20% of the total). Texas Capital Bank, Celtic Bank Corporation, First Financial Bank follow.
What interest rate and term do Buffalo Wings & Rings acquisition loans carry?
The average initial rate at approval was 8.07% (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 Buffalo Wings & Rings resale riskier than other SBA-financed acquisitions?
Too few Buffalo Wings & Rings 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 Buffalo Wings & Rings units being bought with SBA loans?
Ohio (2), Illinois (2), California (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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Full-Service Restaurants acquisitions
- Ohio acquisitions
- Illinois acquisitions
- California acquisitions
- Wells Fargo Bank National Association
- Texas Capital Bank
- Celtic Bank Corporation
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Buffalo Wings & Rings" (franchise code S0270). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.