SBA Acquisition Data

Buying a Nekter Juice Bar franchise: SBA acquisition loan data

Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Nekter Juice Bar (classified mostly as Snack and Nonalcoholic Beverage Bars), totaling $3.3M. The median loan was $459,000, 29% lower than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.

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acquisition loans
7
FY2018 to FY2026
total approved
$3.3M
gross loan amount
median loan
$459,000
7 loans
avg initial rate
8.62%
at approval, mixed years
median term
10 years
120 months

What this tells a buyer

  • Price range to expect. Loan size tracks purchase price. Half of Nekter Juice Bar resale loans landed between $255,000 and $543,000.
  • Lender experience exists. Sunwest Bank alone has financed 1 Nekter Juice Bar 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 Nekter Juice Bar resale

The median SBA 7(a) loan for a Nekter Juice Bar resale was $459,000 across 7 loans (FY2018 to FY2026). Sunwest Bank, Centerstone SBA Lending, Inc. and VelocitySBA, LLC have financed the most Nekter Juice Bar 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%.

Nekter Juice Bar acquisition loans by year

Nekter Juice Bar SBA acquisition loans by fiscal year. SBA fiscal years run October 1 to September 30.
Fiscal yearLoansTotal approvedMedian loan
FY2018 0
$0 -
FY2019 1
$605K $605,000
FY2020 1
$990K $990,000
FY2021 0
$0 -
FY2022 0
$0 -
FY2023 1
$459K $459,000
FY2024 1
$481K $481,000
FY2025 1
$235K $235,000
FY2026 2
$481K $240,700

How often do these acquisition loans fail?

Fewer than 20 Nekter Juice Bar 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 Nekter Juice Bar resales

Lender ranked by SBA acquisition loans
#LenderLoansShareDollars
1Sunwest Bank1
14.3%$990K
2Centerstone SBA Lending, Inc.1
14.3%$605K
3VelocitySBA, LLC1
14.3%$481K
4Alpine Bank1
14.3%$459K
5Newtek Bank, National Association1
14.3%$275K
6Southwestern National Bank1
14.3%$235K
7The Huntington National Bank1
14.3%$206K

States where Nekter Juice Bar units are bought

State ranked by SBA acquisition loans
#StateLoansShareDollars
1California3
42.9%$1M
2Colorado2
28.6%$940K
3Arizona1
14.3%$990K
4Texas1
14.3%$275K
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How lenders classify Nekter Juice Bar

Lenders code each loan to a NAICS industry. For Nekter Juice Bar the codes used were:

Industry ranked by SBA acquisition loans
#IndustryLoansShareDollars
1Snack and Nonalcoholic Beverage Bars6
85.7%$3M
2Limited-Service Restaurants1
14.3%$235K

Questions buyers ask

How much do buyers borrow to buy a Nekter Juice Bar franchise?

The median SBA 7(a) loan for a Nekter Juice Bar resale was $459,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $255,000 to $543,000. 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 Nekter Juice Bar acquisitions?

Sunwest Bank has made the most SBA acquisition loans for Nekter Juice Bar (1, 14% of the total). Centerstone SBA Lending, Inc., VelocitySBA, LLC, Alpine Bank follow.

What interest rate and term do Nekter Juice Bar acquisition loans carry?

The average initial rate at approval was 8.62% (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 Nekter Juice Bar resale riskier than other SBA-financed acquisitions?

Too few Nekter Juice Bar 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 Nekter Juice Bar units being bought with SBA loans?

California (3), Colorado (2), Arizona (1), Texas (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

Brand name as recorded by lenders in the SBA file: "Nekter Juice Bar" (franchise code S1187). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.