Buying a Round Table Pizza franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing Round Table Pizza (classified mostly as Limited-Service Restaurants), totaling $13M. The median loan was $450,000, 30% lower than the $645,250 median for all SBA-financed acquisitions. 4 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 Round Table Pizza resale loans landed between $381,500 and $1,166,000.
- Lender experience exists. U.S. Bank, National Association alone has financed 3 Round Table Pizza resales.
- Guaranty. The SBA guaranteed 81% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Round Table Pizza resale
The median SBA 7(a) loan for a Round Table Pizza resale was $450,000 across 17 loans (FY2018 to FY2026). U.S. Bank, National Association, First Bank of the Lake and West Coast Community Bank have financed the most Round Table Pizza 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%.
Round Table Pizza acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $714K | $356,750 | |
| FY2019 | 4 | $1.5M | $420,000 | |
| FY2020 | 1 | $400K | $400,000 | |
| FY2021 | 3 | $4.8M | $1,809,600 | |
| FY2022 | 2 | $2.4M | $1,205,500 | |
| FY2023 | 1 | $350K | $350,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.2M | $1,200,000 | |
| FY2026 | 3 | $1.6M | $512,000 |
How often do these acquisition loans fail?
Fewer than 20 Round Table Pizza 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 Round Table Pizza resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 3 | 17.6% | $3.6M | |
| 2 | First Bank of the Lake | 2 | 11.8% | $3.1M | |
| 3 | West Coast Community Bank | 2 | 11.8% | $715K | |
| 4 | Poppy Bank | 2 | 11.8% | $714K | |
| 5 | Celtic Bank Corporation | 1 | 5.9% | $1.8M | |
| 6 | VelocitySBA, LLC | 1 | 5.9% | $648K | |
| 7 | Magnifi Financial CU | 1 | 5.9% | $512K | |
| 8 | US Metro Bank | 1 | 5.9% | $467K | |
| 9 | California Bank of Commerce, NA | 1 | 5.9% | $450K | |
| 10 | East West Bank | 1 | 5.9% | $447K |
States where Round Table Pizza units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 17 | 100.0% | $13M |
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How lenders classify Round Table Pizza
Lenders code each loan to a NAICS industry. For Round Table Pizza the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 13 | 76.5% | $9M | |
| 2 | Full-Service Restaurants | 4 | 23.5% | $3.9M |
Questions buyers ask
How much do buyers borrow to buy a Round Table Pizza franchise?
The median SBA 7(a) loan for a Round Table Pizza resale was $450,000 across 17 loans (FY2018 to FY2026). The middle half of loans ran from $381,500 to $1,166,000. 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 Round Table Pizza acquisitions?
U.S. Bank, National Association has made the most SBA acquisition loans for Round Table Pizza (3, 18% of the total). First Bank of the Lake, West Coast Community Bank, Poppy Bank follow.
What interest rate and term do Round Table Pizza acquisition loans carry?
The average initial rate at approval was 7.56% (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 Round Table Pizza resale riskier than other SBA-financed acquisitions?
Too few Round Table Pizza 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 Round Table Pizza units being bought with SBA loans?
California (17). 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 Limited-Service Restaurants acquisitions
- California acquisitions
- U.S. Bank, National Association
- First Bank of the Lake
- West Coast Community Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Round Table Pizza" (franchise code S1452). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.