Buying a Kilwins Chocolates and Ice Cream Store franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing Kilwins Chocolates and Ice Cream Store (classified mostly as Confectionery and Nut Retailers), totaling $7.5M. The median loan was $465,000, 28% lower than the $645,250 median for all SBA-financed acquisitions. 5 of these loans were approved in the last two fiscal years.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Kilwins Chocolates and Ice Cream Store resale loans landed between $300,000 and $742,000.
- Lender experience exists. The Huntington National Bank alone has financed 5 Kilwins Chocolates and Ice Cream Store 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 Kilwins Chocolates and Ice Cream Store resale
The median SBA 7(a) loan for a Kilwins Chocolates and Ice Cream Store resale was $465,000 across 13 loans (FY2018 to FY2026). The Huntington National Bank, Beacon Bank and Trust and Wells Fargo Bank National Association have financed the most Kilwins Chocolates and Ice Cream Store 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%.
Kilwins Chocolates and Ice Cream Store acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $705K | $352,500 | |
| FY2019 | 1 | $350K | $350,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $667K | $667,000 | |
| FY2022 | 1 | $830K | $830,000 | |
| FY2023 | 1 | $300K | $300,000 | |
| FY2024 | 2 | $350K | $175,000 | |
| FY2025 | 1 | $940K | $940,000 | |
| FY2026 | 4 | $3.4M | $696,250 |
How often do these acquisition loans fail?
Fewer than 20 Kilwins Chocolates and Ice Cream Store 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.
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Lenders financing Kilwins Chocolates and Ice Cream Store resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 5 | 38.5% | $1.9M | |
| 2 | Beacon Bank and Trust | 3 | 23.1% | $3.7M | |
| 3 | Wells Fargo Bank National Association | 2 | 15.4% | $705K | |
| 4 | First-Citizens Bank & Trust Company | 1 | 7.7% | $667K | |
| 5 | Citizens Bank | 1 | 7.7% | $350K | |
| 6 | Charlevoix State Bank | 1 | 7.7% | $300K |
States where Kilwins Chocolates and Ice Cream Store units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 38.5% | $4.7M | |
| 2 | Michigan | 3 | 23.1% | $650K | |
| 3 | South Carolina | 2 | 15.4% | $676K | |
| 4 | Tennessee | 1 | 7.7% | $667K | |
| 5 | North Carolina | 1 | 7.7% | $465K | |
| 6 | Georgia | 1 | 7.7% | $350K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Kilwins Chocolates and Ice Cream Store
Lenders code each loan to a NAICS industry. For Kilwins Chocolates and Ice Cream Store the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Confectionery and Nut Retailers | 11 | 84.6% | $6.4M | |
| 2 | All Other Specialty Food Retailers | 1 | 7.7% | $830K |
Questions buyers ask
How much do buyers borrow to buy a Kilwins Chocolates and Ice Cream Store franchise?
The median SBA 7(a) loan for a Kilwins Chocolates and Ice Cream Store resale was $465,000 across 13 loans (FY2018 to FY2026). The middle half of loans ran from $300,000 to $742,000. 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 Kilwins Chocolates and Ice Cream Store acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Kilwins Chocolates and Ice Cream Store (5, 38% of the total). Beacon Bank and Trust, Wells Fargo Bank National Association, First-Citizens Bank & Trust Company follow.
What interest rate and term do Kilwins Chocolates and Ice Cream Store acquisition loans carry?
The average initial rate at approval was 8.25% (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 Kilwins Chocolates and Ice Cream Store resale riskier than other SBA-financed acquisitions?
Too few Kilwins Chocolates and Ice Cream Store 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 Kilwins Chocolates and Ice Cream Store units being bought with SBA loans?
Florida (5), Michigan (3), South Carolina (2), Tennessee (1), North Carolina (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.
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Related
- All Confectionery and Nut Retailers acquisitions
- Florida acquisitions
- Michigan acquisitions
- South Carolina acquisitions
- The Huntington National Bank
- Beacon Bank and Trust
- Wells Fargo Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Kilwins Chocolates and Ice Cream Store" (franchise code S0950). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.