Buying a Johnny's Pizza franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Johnny's Pizza (classified mostly as Full-Service Restaurants), totaling $2.7M. The median loan was $372,000, 42% lower than the $645,250 median for all SBA-financed acquisitions. 2 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 Johnny's Pizza resale loans landed between $355,000 and $395,250.
- Lender experience exists. The Huntington National Bank alone has financed 2 Johnny's Pizza resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Johnny's Pizza resale
The median SBA 7(a) loan for a Johnny's Pizza resale was $372,000 across 7 loans (FY2018 to FY2026). The Huntington National Bank, Citizens Bank and SouthState Bank, National Association have financed the most Johnny's Pizza 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%.
Johnny's Pizza acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $350K | $350,000 | |
| FY2020 | 1 | $373K | $372,500 | |
| FY2021 | 1 | $372K | $372,000 | |
| FY2022 | 1 | $350K | $350,000 | |
| FY2023 | 1 | $479K | $479,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $778K | $389,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Johnny's Pizza 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 Johnny's Pizza resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 28.6% | $710K | |
| 2 | Citizens Bank | 1 | 14.3% | $479K | |
| 3 | SouthState Bank, National Association | 1 | 14.3% | $418K | |
| 4 | American Commerce Bank, National Association | 1 | 14.3% | $373K | |
| 5 | FirstBank | 1 | 14.3% | $372K | |
| 6 | Truist Bank | 1 | 14.3% | $350K |
States where Johnny's Pizza units are bought
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify Johnny's Pizza
Lenders code each loan to a NAICS industry. For Johnny's Pizza the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 6 | 85.7% | $2.3M | |
| 2 | Limited-Service Restaurants | 1 | 14.3% | $373K |
Questions buyers ask
How much do buyers borrow to buy a Johnny's Pizza franchise?
The median SBA 7(a) loan for a Johnny's Pizza resale was $372,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $355,000 to $395,250. 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 Johnny's Pizza acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Johnny's Pizza (2, 29% of the total). Citizens Bank, SouthState Bank, National Association, American Commerce Bank, National Association follow.
What interest rate and term do Johnny's Pizza acquisition loans carry?
The average initial rate at approval was 8.21% (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 Johnny's Pizza resale riskier than other SBA-financed acquisitions?
Too few Johnny's Pizza 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 Johnny's Pizza units being bought with SBA loans?
Georgia (6), Tennessee (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.
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Related
- All Full-Service Restaurants acquisitions
- Georgia acquisitions
- Tennessee acquisitions
- The Huntington National Bank
- Citizens Bank
- SouthState Bank, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Johnny's Pizza, Johnny Brusco's Pizza" (franchise code S0909). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.