Buying a Comfort Keepers franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 30 7(a) loans to buy an existing Comfort Keepers (classified mostly as Home Health Care Services), totaling $31.2M. The median loan was $657,350, in line with the $645,250 median for all SBA-financed acquisitions. 7 of these loans were approved in the last two fiscal years.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Comfort Keepers resale loans landed between $238,400 and $1,478,750.
- Lender experience exists. Live Oak Banking Company alone has financed 16 Comfort Keepers resales.
- Guaranty. The SBA guaranteed 67% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Comfort Keepers resale
The median SBA 7(a) loan for a Comfort Keepers resale was $657,350 across 30 loans (FY2018 to FY2026). Live Oak Banking Company, Columbia Bank and CIBC Bank USA have financed the most Comfort Keepers 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%.
Comfort Keepers acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 4 | $4.4M | $270,600 | |
| FY2020 | 4 | $6.6M | $1,700,250 | |
| FY2021 | 4 | $1.9M | $419,500 | |
| FY2022 | 5 | $7.8M | $1,650,000 | |
| FY2023 | 5 | $3.3M | $686,000 | |
| FY2024 | 1 | $1.5M | $1,525,000 | |
| FY2025 | 2 | $1.5M | $771,100 | |
| FY2026 | 5 | $3.9M | $628,700 |
How often do these acquisition loans fail?
Fewer than 20 Comfort Keepers 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Lenders financing Comfort Keepers resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 16 | 53.3% | $18.3M | |
| 2 | Columbia Bank | 2 | 6.7% | $3.7M | |
| 3 | CIBC Bank USA | 2 | 6.7% | $2.8M | |
| 4 | The Huntington National Bank | 2 | 6.7% | $1.8M | |
| 5 | Pathward National Association | 1 | 3.3% | $1M | |
| 6 | WesBanco Bank, Inc. | 1 | 3.3% | $849K | |
| 7 | Capital Bank, National Association | 1 | 3.3% | $629K | |
| 8 | Merchants Bank of Indiana | 1 | 3.3% | $573K | |
| 9 | Three Rivers Bank of Montana | 1 | 3.3% | $564K | |
| 10 | Truliant FCU | 1 | 3.3% | $500K |
States where Comfort Keepers units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 16.7% | $4M | |
| 2 | California | 4 | 13.3% | $4.9M | |
| 3 | Texas | 4 | 13.3% | $4.4M | |
| 4 | New York | 2 | 6.7% | $3.9M | |
| 5 | Colorado | 2 | 6.7% | $1.2M | |
| 6 | Wisconsin | 2 | 6.7% | $1.1M | |
| 7 | Virginia | 1 | 3.3% | $3.1M | |
| 8 | Maine | 1 | 3.3% | $2.7M | |
| 9 | North Carolina | 1 | 3.3% | $1.5M | |
| 10 | Illinois | 1 | 3.3% | $1M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How lenders classify Comfort Keepers
Lenders code each loan to a NAICS industry. For Comfort Keepers the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 18 | 60.0% | $18.5M | |
| 2 | Services for the Elderly and Persons with Disabilities | 12 | 40.0% | $12.7M |
Questions buyers ask
How much do buyers borrow to buy a Comfort Keepers franchise?
The median SBA 7(a) loan for a Comfort Keepers resale was $657,350 across 30 loans (FY2018 to FY2026). The middle half of loans ran from $238,400 to $1,478,750. 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 Comfort Keepers acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Comfort Keepers (16, 53% of the total). Columbia Bank, CIBC Bank USA, The Huntington National Bank follow.
What interest rate and term do Comfort Keepers acquisition loans carry?
The average initial rate at approval was 7.56% (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 Comfort Keepers resale riskier than other SBA-financed acquisitions?
Too few Comfort Keepers 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 Comfort Keepers units being bought with SBA loans?
Florida (5), California (4), Texas (4), New York (2), Colorado (2). 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.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Home Health Care Services acquisitions
- Florida acquisitions
- California acquisitions
- Texas acquisitions
- Live Oak Banking Company
- Columbia Bank
- CIBC Bank USA
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Comfort Keepers" (franchise code S0411). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.