Buying a Glass Doctor franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Glass Doctor (classified mostly as Automotive Glass Replacement Shops), totaling $2.8M. The median loan was $502,000, 22% 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 Glass Doctor resale loans landed between $305,000 and $632,250.
- Lender experience exists. Byline Bank alone has financed 2 Glass Doctor resales.
- Guaranty. The SBA guaranteed 78% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Glass Doctor resale
The median SBA 7(a) loan for a Glass Doctor resale was $502,000 across 6 loans (FY2018 to FY2026). Byline Bank, Wells Fargo Bank National Association and Patriot Bank, National Association have financed the most Glass Doctor 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%.
Glass Doctor acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $401K | $200,350 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $485K | $485,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $1.2M | $594,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $772K | $772,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Glass Doctor 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 Glass Doctor resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Byline Bank | 2 | 33.3% | $1.4M | |
| 2 | Wells Fargo Bank National Association | 2 | 33.3% | $401K | |
| 3 | Patriot Bank, National Association | 1 | 16.7% | $519K | |
| 4 | Live Oak Banking Company | 1 | 16.7% | $485K |
States where Glass Doctor units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 2 | 33.3% | $826K | |
| 2 | Virginia | 1 | 16.7% | $772K | |
| 3 | California | 1 | 16.7% | $519K | |
| 4 | Oklahoma | 1 | 16.7% | $485K | |
| 5 | Pennsylvania | 1 | 16.7% | $245K |
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How lenders classify Glass Doctor
Lenders code each loan to a NAICS industry. For Glass Doctor the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Automotive Glass Replacement Shops | 4 | 66.7% | $2M | |
| 2 | Other Building Material Dealers | 1 | 16.7% | $670K | |
| 3 | Glass and Glazing Contractors | 1 | 16.7% | $156K |
Questions buyers ask
How much do buyers borrow to buy a Glass Doctor franchise?
The median SBA 7(a) loan for a Glass Doctor resale was $502,000 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $305,000 to $632,250. 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 Glass Doctor acquisitions?
Byline Bank has made the most SBA acquisition loans for Glass Doctor (2, 33% of the total). Wells Fargo Bank National Association, Patriot Bank, National Association, Live Oak Banking Company follow.
What interest rate and term do Glass Doctor acquisition loans carry?
The average initial rate at approval was 8.31% (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 Glass Doctor resale riskier than other SBA-financed acquisitions?
Too few Glass Doctor 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 Glass Doctor units being bought with SBA loans?
Texas (2), Virginia (1), California (1), Oklahoma (1), Pennsylvania (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 Automotive Glass Replacement Shops acquisitions
- Texas acquisitions
- Virginia acquisitions
- California acquisitions
- Byline Bank
- Wells Fargo Bank National Association
- Live Oak Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Glass Doctor" (franchise code S0722). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.