Buying a Brass Tap Craft Beer Bar franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Brass Tap Craft Beer Bar (classified mostly as Full-Service Restaurants), totaling $4.8M. The median loan was $639,000, in line with 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 The Brass Tap Craft Beer Bar resale loans landed between $513,000 and $861,750.
- Lender experience exists. City National Bank of Florida alone has financed 4 The Brass Tap Craft Beer Bar resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Brass Tap Craft Beer Bar resale
The median SBA 7(a) loan for a Brass Tap Craft Beer Bar resale was $639,000 across 6 loans (FY2018 to FY2026). City National Bank of Florida, BayFirst National Bank and Waukesha State Bank have financed the most The Brass Tap Craft Beer Bar 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%.
The Brass Tap Craft Beer Bar acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.7M | $1,725,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $435K | $435,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $2.2M | $639,000 | |
| FY2026 | 1 | $471K | $471,000 |
How often do these acquisition loans fail?
Fewer than 20 The Brass Tap Craft Beer Bar 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 The Brass Tap Craft Beer Bar resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | City National Bank of Florida | 4 | 66.7% | $2.7M | |
| 2 | BayFirst National Bank | 1 | 16.7% | $1.7M | |
| 3 | Waukesha State Bank | 1 | 16.7% | $435K |
States where The Brass Tap Craft Beer Bar units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 4 | 66.7% | $2.7M | |
| 2 | South Carolina | 1 | 16.7% | $1.7M | |
| 3 | Wisconsin | 1 | 16.7% | $435K |
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify The Brass Tap Craft Beer Bar
Lenders code each loan to a NAICS industry. For The Brass Tap Craft Beer Bar the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 4 | 66.7% | $2.7M | |
| 2 | Drinking Places (Alcoholic Beverages) | 1 | 16.7% | $1.7M | |
| 3 | Limited-Service Restaurants | 1 | 16.7% | $435K |
Questions buyers ask
How much do buyers borrow to buy a Brass Tap Craft Beer Bar franchise?
The median SBA 7(a) loan for a Brass Tap Craft Beer Bar resale was $639,000 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $513,000 to $861,750. 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 The Brass Tap Craft Beer Bar acquisitions?
City National Bank of Florida has made the most SBA acquisition loans for The Brass Tap Craft Beer Bar (4, 67% of the total). BayFirst National Bank, Waukesha State Bank follow.
What interest rate and term do The Brass Tap Craft Beer Bar acquisition loans carry?
The average initial rate at approval was 8.79% (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 Brass Tap Craft Beer Bar resale riskier than other SBA-financed acquisitions?
Too few The Brass Tap Craft Beer Bar 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 The Brass Tap Craft Beer Bar units being bought with SBA loans?
Texas (4), South Carolina (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 Full-Service Restaurants acquisitions
- Texas acquisitions
- South Carolina acquisitions
- Wisconsin acquisitions
- City National Bank of Florida
- BayFirst National Bank
- Waukesha State Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "The Brass Tap Craft Beer Bar" (franchise code S1734). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.