Buying a Perri's Pizzeria franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Perri's Pizzeria (classified mostly as Full-Service Restaurants), totaling $590K. The median loan was $150,000, 77% 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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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Perri's Pizzeria resale loans landed between $25,000 and $160,000.
- Lender experience exists. Manufacturers and Traders Trust Company alone has financed 4 Perri's Pizzeria resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Perri's Pizzeria resale
The median SBA 7(a) loan for a Perri's Pizzeria resale was $150,000 across 5 loans (FY2018 to FY2026). Manufacturers and Traders Trust Company and ESL FCU have financed the most Perri's Pizzeria 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%.
Perri's Pizzeria acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $255K | $127,500 | |
| FY2025 | 2 | $185K | $92,500 | |
| FY2026 | 1 | $150K | $150,000 |
How often do these acquisition loans fail?
Fewer than 20 Perri's Pizzeria 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 Perri's Pizzeria resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 4 | 80.0% | $440K | |
| 2 | ESL FCU | 1 | 20.0% | $150K |
States where Perri's Pizzeria units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 5 | 100.0% | $590K |
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How lenders classify Perri's Pizzeria
Lenders code each loan to a NAICS industry. For Perri's Pizzeria the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 3 | 60.0% | $335K | |
| 2 | Limited-Service Restaurants | 2 | 40.0% | $255K |
Questions buyers ask
How much do buyers borrow to buy a Perri's Pizzeria franchise?
The median SBA 7(a) loan for a Perri's Pizzeria resale was $150,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $25,000 to $160,000. 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 Perri's Pizzeria acquisitions?
Manufacturers and Traders Trust Company has made the most SBA acquisition loans for Perri's Pizzeria (4, 80% of the total). ESL FCU follow.
What interest rate and term do Perri's Pizzeria acquisition loans carry?
The average initial rate at approval was 9.61% (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 Perri's Pizzeria resale riskier than other SBA-financed acquisitions?
Too few Perri's Pizzeria 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 Perri's Pizzeria units being bought with SBA loans?
New York (5). 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
- New York acquisitions
- Manufacturers and Traders Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Perri's Pizzeria" (franchise code S7077). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.