Buying a Scooter's Coffee franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Scooter's Coffee (classified mostly as Snack and Nonalcoholic Beverage Bars), totaling $10.3M. The median loan was $1,434,500, 122% higher 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 Scooter's Coffee resale loans landed between $1,300,000 and $2,425,500.
- Lender experience exists. OptimumBank alone has financed 2 Scooter's Coffee 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 Scooter's Coffee resale
The median SBA 7(a) loan for a Scooter's Coffee resale was $1,434,500 across 6 loans (FY2018 to FY2026). OptimumBank, Beacon Bank and Trust and The Huntington National Bank have financed the most Scooter's Coffee 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%.
Scooter's Coffee acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $576K | $576,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $1.4M | $1,449,000 | |
| FY2025 | 3 | $6.9M | $2,751,000 | |
| FY2026 | 1 | $1.4M | $1,420,000 |
How often do these acquisition loans fail?
Fewer than 20 Scooter's Coffee 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 Scooter's Coffee resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | OptimumBank | 2 | 33.3% | $4.2M | |
| 2 | Beacon Bank and Trust | 1 | 16.7% | $2.9M | |
| 3 | The Huntington National Bank | 1 | 16.7% | $1.4M | |
| 4 | Union Bank and Trust Company | 1 | 16.7% | $1.3M | |
| 5 | Northwest Bank | 1 | 16.7% | $576K |
States where Scooter's Coffee units are bought
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Scooter's Coffee
Lenders code each loan to a NAICS industry. For Scooter's Coffee the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Snack and Nonalcoholic Beverage Bars | 4 | 66.7% | $4.7M | |
| 2 | Limited-Service Restaurants | 2 | 33.3% | $5.6M |
Questions buyers ask
How much do buyers borrow to buy a Scooter's Coffee franchise?
The median SBA 7(a) loan for a Scooter's Coffee resale was $1,434,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $1,300,000 to $2,425,500. 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 Scooter's Coffee acquisitions?
OptimumBank has made the most SBA acquisition loans for Scooter's Coffee (2, 33% of the total). Beacon Bank and Trust, The Huntington National Bank, Union Bank and Trust Company follow.
What interest rate and term do Scooter's Coffee acquisition loans carry?
The average initial rate at approval was 9.08% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Scooter's Coffee resale riskier than other SBA-financed acquisitions?
Too few Scooter's Coffee 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 Scooter's Coffee units being bought with SBA loans?
Nebraska (2), Illinois (1), Iowa (1), Florida (1), Wisconsin (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.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Snack and Nonalcoholic Beverage Bars acquisitions
- Nebraska acquisitions
- Illinois acquisitions
- Iowa acquisitions
- Beacon Bank and Trust
- The Huntington National Bank
- Union Bank and Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Scooter's Coffee" (franchise code S1533). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.