Buying a Martinizing Cleaners franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing Martinizing Cleaners (classified mostly as Drycleaning and Laundry Services (except Coin-Operated)), totaling $6.8M. The median loan was $330,000, 49% lower than the $645,250 median for all SBA-financed acquisitions.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Martinizing Cleaners resale loans landed between $233,000 and $532,500.
- Lender experience exists. Stearns Bank National Association alone has financed 6 Martinizing Cleaners resales.
- Guaranty. The SBA guaranteed 74% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Martinizing Cleaners resale
The median SBA 7(a) loan for a Martinizing Cleaners resale was $330,000 across 17 loans (FY2018 to FY2026). Stearns Bank National Association, Citizens Bank, National Association and Prosperity Bank have financed the most Martinizing Cleaners 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%.
Martinizing Cleaners acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 11 | $4.2M | $330,000 | |
| FY2019 | 4 | $1.8M | $441,100 | |
| FY2020 | 2 | $830K | $415,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Martinizing Cleaners 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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Lenders financing Martinizing Cleaners resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Stearns Bank National Association | 6 | 35.3% | $1.7M | |
| 2 | Citizens Bank, National Association | 5 | 29.4% | $2M | |
| 3 | Prosperity Bank | 2 | 11.8% | $1.2M | |
| 4 | Bank of the West | 1 | 5.9% | $765K | |
| 5 | BankUnited, National Association | 1 | 5.9% | $533K | |
| 6 | BayFirst National Bank | 1 | 5.9% | $300K | |
| 7 | PromiseOne Bank | 1 | 5.9% | $284K |
States where Martinizing Cleaners units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 5 | 29.4% | $2M | |
| 2 | Texas | 4 | 23.5% | $2.5M | |
| 3 | Georgia | 2 | 11.8% | $650K | |
| 4 | Arizona | 1 | 5.9% | $388K | |
| 5 | Washington | 1 | 5.9% | $330K | |
| 6 | Pennsylvania | 1 | 5.9% | $315K | |
| 7 | Colorado | 1 | 5.9% | $284K | |
| 8 | Minnesota | 1 | 5.9% | $233K | |
| 9 | California | 1 | 5.9% | $125K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do buyers borrow to buy a Martinizing Cleaners franchise?
The median SBA 7(a) loan for a Martinizing Cleaners resale was $330,000 across 17 loans (FY2018 to FY2026). The middle half of loans ran from $233,000 to $532,500. 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 Martinizing Cleaners acquisitions?
Stearns Bank National Association has made the most SBA acquisition loans for Martinizing Cleaners (6, 35% of the total). Citizens Bank, National Association, Prosperity Bank, Bank of the West follow.
What interest rate and term do Martinizing Cleaners acquisition loans carry?
The average initial rate at approval was 6.96% (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 Martinizing Cleaners resale riskier than other SBA-financed acquisitions?
Too few Martinizing Cleaners 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 Martinizing Cleaners units being bought with SBA loans?
Michigan (5), Texas (4), Georgia (2), Arizona (1), Washington (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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Drycleaning and Laundry Services (except Coin-Operated) acquisitions
- Michigan acquisitions
- Texas acquisitions
- Georgia acquisitions
- Stearns Bank National Association
- Citizens Bank, National Association
- Prosperity Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Martinizing Cleaners" (franchise code S1081). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.