Buying a Re-Bath franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Re-Bath (classified mostly as All Other Specialty Trade Contractors), totaling $7.8M. The median loan was $675,000, in line with 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 Re-Bath resale loans landed between $300,000 and $1,922,500.
- Lender experience exists. Live Oak Banking Company alone has financed 5 Re-Bath resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Re-Bath resale
The median SBA 7(a) loan for a Re-Bath resale was $675,000 across 7 loans (FY2018 to FY2026). Live Oak Banking Company and First Internet Bank of Indiana have financed the most Re-Bath 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%.
Re-Bath acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $3.1M | $462,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $4.6M | $1,775,000 |
How often do these acquisition loans fail?
Fewer than 20 Re-Bath 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.
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Lenders financing Re-Bath resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 71.4% | $4.9M | |
| 2 | First Internet Bank of Indiana | 2 | 28.6% | $2.9M |
States where Re-Bath units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | North Carolina | 4 | 57.1% | $3.1M | |
| 2 | Kentucky | 2 | 28.6% | $2.9M | |
| 3 | Pennsylvania | 1 | 14.3% | $1.8M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How lenders classify Re-Bath
Lenders code each loan to a NAICS industry. For Re-Bath the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | All Other Specialty Trade Contractors | 4 | 57.1% | $3.1M | |
| 2 | Residential Remodelers | 3 | 42.9% | $4.6M |
Questions buyers ask
How much do buyers borrow to buy a Re-Bath franchise?
The median SBA 7(a) loan for a Re-Bath resale was $675,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $300,000 to $1,922,500. 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 Re-Bath acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Re-Bath (5, 71% of the total). First Internet Bank of Indiana follow.
What interest rate and term do Re-Bath acquisition loans carry?
The average initial rate at approval was 6.91% (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 Re-Bath resale riskier than other SBA-financed acquisitions?
Too few Re-Bath 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 Re-Bath units being bought with SBA loans?
North Carolina (4), Kentucky (2), Pennsylvania (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.
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Related
- All All Other Specialty Trade Contractors acquisitions
- North Carolina acquisitions
- Kentucky acquisitions
- Pennsylvania acquisitions
- Live Oak Banking Company
- First Internet Bank of Indiana
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Re-Bath" (franchise code S1403). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.