Buying a PostalAnnex+ franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing PostalAnnex+ (classified mostly as Private Mail Centers), totaling $1.9M. The median loan was $236,100, 63% lower than the $645,250 median for all SBA-financed acquisitions. 2 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 PostalAnnex+ resale loans landed between $183,250 and $281,300.
- Lender experience exists. Stearns Bank National Association alone has financed 2 PostalAnnex+ resales.
- Guaranty. The SBA guaranteed 78% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a PostalAnnex+ resale
The median SBA 7(a) loan for a PostalAnnex+ resale was $236,100 across 8 loans (FY2018 to FY2026). Stearns Bank National Association, BayFirst National Bank and First Bank have financed the most PostalAnnex+ 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%.
PostalAnnex+ acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $759K | $276,300 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $243K | $243,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $358K | $358,000 | |
| FY2025 | 2 | $404K | $202,100 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 PostalAnnex+ 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 PostalAnnex+ resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Stearns Bank National Association | 2 | 25.0% | $336K | |
| 2 | BayFirst National Bank | 1 | 12.5% | $358K | |
| 3 | First Bank | 1 | 12.5% | $296K | |
| 4 | Wells Fargo Bank National Association | 1 | 12.5% | $276K | |
| 5 | CDC Small Business Finance Corp. | 1 | 12.5% | $243K | |
| 6 | American Continental Bank | 1 | 12.5% | $229K | |
| 7 | Plumas Bank | 1 | 12.5% | $175K |
States where PostalAnnex+ units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 6 | 75.0% | $1.5M | |
| 2 | Colorado | 1 | 12.5% | $276K | |
| 3 | Texas | 1 | 12.5% | $150K |
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How lenders classify PostalAnnex+
Lenders code each loan to a NAICS industry. For PostalAnnex+ the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Private Mail Centers | 5 | 62.5% | $1.2M | |
| 2 | All Other Miscellaneous Retailers | 1 | 12.5% | $296K | |
| 3 | Postal Service | 1 | 12.5% | $276K |
Questions buyers ask
How much do buyers borrow to buy a PostalAnnex+ franchise?
The median SBA 7(a) loan for a PostalAnnex+ resale was $236,100 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $183,250 to $281,300. 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 PostalAnnex+ acquisitions?
Stearns Bank National Association has made the most SBA acquisition loans for PostalAnnex+ (2, 25% of the total). BayFirst National Bank, First Bank, Wells Fargo Bank National Association follow.
What interest rate and term do PostalAnnex+ acquisition loans carry?
The average initial rate at approval was 8.16% (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 PostalAnnex+ resale riskier than other SBA-financed acquisitions?
Too few PostalAnnex+ 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 PostalAnnex+ units being bought with SBA loans?
California (6), Colorado (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
- All Private Mail Centers acquisitions
- California acquisitions
- Colorado acquisitions
- Texas acquisitions
- Stearns Bank National Association
- BayFirst National Bank
- First Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "PostalAnnex+ (Retail Center)" (franchise code S1340). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.