Buying a Carpet One Floor & Home franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Carpet One Floor & Home (classified mostly as Floor Covering Retailers), totaling $7.4M. The median loan was $987,000, 53% higher than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Carpet One Floor & Home resale loans landed between $672,600 and $1,492,500.
- Lender experience exists. Pathward National Association alone has financed 1 Carpet One Floor & Home 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 Carpet One Floor & Home resale
The median SBA 7(a) loan for a Carpet One Floor & Home resale was $987,000 across 7 loans (FY2018 to FY2026). Pathward National Association, Byline Bank and TD Bank, National Association have financed the most Carpet One Floor & Home 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%.
Carpet One Floor & Home acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $913K | $913,000 | |
| FY2019 | 2 | $2.4M | $1,193,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $315K | $315,000 | |
| FY2023 | 1 | $432K | $432,200 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.6M | $1,585,000 | |
| FY2026 | 1 | $1.8M | $1,767,500 |
How often do these acquisition loans fail?
Fewer than 20 Carpet One Floor & Home 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 Carpet One Floor & Home resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pathward National Association | 1 | 14.3% | $1.8M | |
| 2 | Byline Bank | 1 | 14.3% | $1.6M | |
| 3 | TD Bank, National Association | 1 | 14.3% | $1.4M | |
| 4 | BMO Bank National Association | 1 | 14.3% | $987K | |
| 5 | Tri Counties Bank | 1 | 14.3% | $913K | |
| 6 | Columbia Bank | 1 | 14.3% | $432K | |
| 7 | Potomac Bank | 1 | 14.3% | $315K |
States where Carpet One Floor & Home units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 2 | 28.6% | $1.9M | |
| 2 | Maine | 1 | 14.3% | $1.8M | |
| 3 | Florida | 1 | 14.3% | $1.6M | |
| 4 | South Carolina | 1 | 14.3% | $1.4M | |
| 5 | Oregon | 1 | 14.3% | $432K | |
| 6 | West Virginia | 1 | 14.3% | $315K |
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify Carpet One Floor & Home
Lenders code each loan to a NAICS industry. For Carpet One Floor & Home the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Floor Covering Retailers | 4 | 57.1% | $3.1M | |
| 2 | Flooring Contractors | 2 | 28.6% | $2.5M | |
| 3 | Finish Carpentry Contractors | 1 | 14.3% | $1.8M |
Questions buyers ask
How much do buyers borrow to buy a Carpet One Floor & Home franchise?
The median SBA 7(a) loan for a Carpet One Floor & Home resale was $987,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $672,600 to $1,492,500. 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 Carpet One Floor & Home acquisitions?
Pathward National Association has made the most SBA acquisition loans for Carpet One Floor & Home (1, 14% of the total). Byline Bank, TD Bank, National Association, BMO Bank National Association follow.
What interest rate and term do Carpet One Floor & Home acquisition loans carry?
The average initial rate at approval was 8.53% (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 Carpet One Floor & Home resale riskier than other SBA-financed acquisitions?
Too few Carpet One Floor & Home 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 Carpet One Floor & Home units being bought with SBA loans?
California (2), Maine (1), Florida (1), South Carolina (1), Oregon (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 Floor Covering Retailers acquisitions
- California acquisitions
- Maine acquisitions
- Florida acquisitions
- Pathward National Association
- Byline Bank
- TD Bank, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Carpet One Floor & Home®, by CCA Global Partners, Inc. (by Membership Agreement)" (franchise code S3374). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.