Buying a Hand and Stone Massage and Facial Spa franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 9 7(a) loans to buy an existing Hand and Stone Massage and Facial Spa (classified mostly as Other Personal Care Services), totaling $9.4M. The median loan was $431,000, 33% lower than the $645,250 median for all SBA-financed acquisitions.
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 Hand and Stone Massage and Facial Spa resale loans landed between $250,000 and $1,206,000.
- Lender experience exists. Simmons Bank alone has financed 2 Hand and Stone Massage and Facial Spa 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 Hand and Stone Massage and Facial Spa resale
The median SBA 7(a) loan for a Hand and Stone Massage and Facial Spa resale was $431,000 across 9 loans (FY2018 to FY2026). Simmons Bank, Penn Community Bank and KeyBank National Association have financed the most Hand and Stone Massage and Facial Spa 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%.
Hand and Stone Massage and Facial Spa acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $431K | $431,000 | |
| FY2019 | 4 | $4.2M | $455,000 | |
| FY2020 | 2 | $3.1M | $1,548,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $380K | $380,000 | |
| FY2024 | 1 | $1.2M | $1,206,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Hand and Stone Massage and Facial Spa 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 Hand and Stone Massage and Facial Spa resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Simmons Bank | 2 | 22.2% | $400K | |
| 2 | Penn Community Bank | 1 | 11.1% | $3.2M | |
| 3 | KeyBank National Association | 1 | 11.1% | $3M | |
| 4 | T Bank, National Association | 1 | 11.1% | $1.2M | |
| 5 | Wells Fargo Bank National Association | 1 | 11.1% | $660K | |
| 6 | Banesco USA | 1 | 11.1% | $431K | |
| 7 | Firstrust Savings Bank | 1 | 11.1% | $380K | |
| 8 | Manufacturers and Traders Trust Company | 1 | 11.1% | $108K |
States where Hand and Stone Massage and Facial Spa units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New Jersey | 4 | 44.4% | $4.5M | |
| 2 | Texas | 2 | 22.2% | $1.5M | |
| 3 | Maryland | 1 | 11.1% | $3.2M | |
| 4 | Arizona | 1 | 11.1% | $150K | |
| 5 | New Hampshire | 1 | 11.1% | $108K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Hand and Stone Massage and Facial Spa
Lenders code each loan to a NAICS industry. For Hand and Stone Massage and Facial Spa the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Other Personal Care Services | 7 | 77.8% | $8.7M | |
| 2 | Beauty Salons | 1 | 11.1% | $380K | |
| 3 | All Other Personal Services | 1 | 11.1% | $250K |
Questions buyers ask
How much do buyers borrow to buy a Hand and Stone Massage and Facial Spa franchise?
The median SBA 7(a) loan for a Hand and Stone Massage and Facial Spa resale was $431,000 across 9 loans (FY2018 to FY2026). The middle half of loans ran from $250,000 to $1,206,000. 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 Hand and Stone Massage and Facial Spa acquisitions?
Simmons Bank has made the most SBA acquisition loans for Hand and Stone Massage and Facial Spa (2, 22% of the total). Penn Community Bank, KeyBank National Association, T Bank, National Association follow.
What interest rate and term do Hand and Stone Massage and Facial Spa acquisition loans carry?
The average initial rate at approval was 7.64% (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 Hand and Stone Massage and Facial Spa resale riskier than other SBA-financed acquisitions?
Too few Hand and Stone Massage and Facial Spa 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 Hand and Stone Massage and Facial Spa units being bought with SBA loans?
New Jersey (4), Texas (2), Maryland (1), Arizona (1), New Hampshire (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 Other Personal Care Services acquisitions
- New Jersey acquisitions
- Texas acquisitions
- Maryland acquisitions
- Simmons Bank
- KeyBank National Association
- T Bank, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Hand and Stone Massage and Facial Spa" (franchise code S0782). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.