Buying an Once Upon A Child franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing Once Upon A Child, totaling $9.4M. The median loan was $379,000, 41% lower than the $645,250 median for all SBA-financed acquisitions. 5 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 Once Upon A Child resale loans landed between $260,000 and $640,000.
- Lender experience exists. Enterprise Bank alone has financed 2 Once Upon A Child 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 an Once Upon A Child resale
The median SBA 7(a) loan for an Once Upon A Child resale was $379,000 across 21 loans (FY2018 to FY2026). Enterprise Bank, Coulee Bank and Citizens Bank have financed the most Once Upon A Child 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%.
Once Upon A Child acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $612K | $173,400 | |
| FY2019 | 4 | $1.3M | $356,500 | |
| FY2020 | 1 | $428K | $428,000 | |
| FY2021 | 2 | $835K | $417,300 | |
| FY2022 | 3 | $1.1M | $350,000 | |
| FY2023 | 2 | $1.4M | $709,000 | |
| FY2024 | 1 | $705K | $705,000 | |
| FY2025 | 4 | $2.4M | $528,500 | |
| FY2026 | 1 | $640K | $640,000 |
How often do these acquisition loans fail?
Fewer than 20 Once Upon A Child 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 Once Upon A Child resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Enterprise Bank | 2 | 9.5% | $734K | |
| 2 | Coulee Bank | 2 | 9.5% | $625K | |
| 3 | Citizens Bank | 1 | 4.8% | $1M | |
| 4 | Charter Bank | 1 | 4.8% | $1M | |
| 5 | VelocitySBA, LLC | 1 | 4.8% | $705K | |
| 6 | Southern Bancorp Bank | 1 | 4.8% | $680K | |
| 7 | Western Bank | 1 | 4.8% | $640K | |
| 8 | Stearns Bank National Association | 1 | 4.8% | $500K | |
| 9 | Bank Five Nine | 1 | 4.8% | $490K | |
| 10 | Gulf Coast Bank and Trust Company | 1 | 4.8% | $428K |
States where Once Upon A Child units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 4 | 19.0% | $1.7M | |
| 2 | Texas | 4 | 19.0% | $1.6M | |
| 3 | Louisiana | 2 | 9.5% | $1.5M | |
| 4 | Pennsylvania | 2 | 9.5% | $734K | |
| 5 | Florida | 2 | 9.5% | $553K | |
| 6 | Iowa | 1 | 4.8% | $1M | |
| 7 | Mississippi | 1 | 4.8% | $680K | |
| 8 | Wisconsin | 1 | 4.8% | $490K | |
| 9 | Washington | 1 | 4.8% | $377K | |
| 10 | Arizona | 1 | 4.8% | $350K |
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify Once Upon A Child
Lenders code each loan to a NAICS industry. For Once Upon A Child the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Clothing and Clothing Accessories Retailers | 7 | 33.3% | $4M | |
| 2 | Used Merchandise Retailers | 5 | 23.8% | $2.3M | |
| 3 | All Other Personal Services | 1 | 4.8% | $377K |
Questions buyers ask
How much do buyers borrow to buy an Once Upon A Child franchise?
The median SBA 7(a) loan for an Once Upon A Child resale was $379,000 across 21 loans (FY2018 to FY2026). The middle half of loans ran from $260,000 to $640,000. 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 Once Upon A Child acquisitions?
Enterprise Bank has made the most SBA acquisition loans for Once Upon A Child (2, 10% of the total). Coulee Bank, Citizens Bank, Charter Bank follow.
What interest rate and term do Once Upon A Child acquisition loans carry?
The average initial rate at approval was 8.02% (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 an Once Upon A Child resale riskier than other SBA-financed acquisitions?
Too few Once Upon A Child 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 Once Upon A Child units being bought with SBA loans?
Minnesota (4), Texas (4), Louisiana (2), Pennsylvania (2), Florida (2). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Minnesota acquisitions
- Texas acquisitions
- Louisiana acquisitions
- Citizens Bank
- VelocitySBA, LLC
- Stearns Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Once Upon A Child" (franchise code S1218). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.