Buying a Dogtopia franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing Dogtopia (classified mostly as Pet Care (except Veterinary) Services), totaling $11.4M. The median loan was $665,000, in line with the $645,250 median for all SBA-financed acquisitions. 5 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Dogtopia resale loans landed between $494,525 and $1,110,000.
- Lender experience exists. Live Oak Banking Company alone has financed 6 Dogtopia resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Dogtopia resale
The median SBA 7(a) loan for a Dogtopia resale was $665,000 across 14 loans (FY2018 to FY2026). Live Oak Banking Company, Banc of California and Byline Bank have financed the most Dogtopia 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%.
Dogtopia acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $443K | $442,700 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $1M | $500,000 | |
| FY2022 | 2 | $1.8M | $895,000 | |
| FY2023 | 1 | $750K | $750,000 | |
| FY2024 | 3 | $3.9M | $1,548,000 | |
| FY2025 | 3 | $2.1M | $650,000 | |
| FY2026 | 2 | $1.5M | $736,750 |
How often do these acquisition loans fail?
Fewer than 20 Dogtopia 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Lenders financing Dogtopia resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 42.9% | $4.6M | |
| 2 | Banc of California | 2 | 14.3% | $2.3M | |
| 3 | Byline Bank | 2 | 14.3% | $2.2M | |
| 4 | The Huntington National Bank | 2 | 14.3% | $1.5M | |
| 5 | Capitol Bank | 1 | 7.1% | $443K | |
| 6 | Peoples Bank | 1 | 7.1% | $400K |
States where Dogtopia units are bought
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 Dogtopia franchise?
The median SBA 7(a) loan for a Dogtopia resale was $665,000 across 14 loans (FY2018 to FY2026). The middle half of loans ran from $494,525 to $1,110,000. 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 Dogtopia acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Dogtopia (6, 43% of the total). Banc of California, Byline Bank, The Huntington National Bank follow.
What interest rate and term do Dogtopia acquisition loans carry?
The average initial rate at approval was 8.13% (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 Dogtopia resale riskier than other SBA-financed acquisitions?
Too few Dogtopia 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 Dogtopia units being bought with SBA loans?
Wisconsin (2), Arizona (2), Virginia (2), Minnesota (2), Illinois (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.
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Related
- All Pet Care (except Veterinary) Services acquisitions
- Wisconsin acquisitions
- Arizona acquisitions
- Virginia acquisitions
- Live Oak Banking Company
- Banc of California
- Byline Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Dogtopia" (franchise code S0512). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.