Buying a Woof Gang Bakery and Grooming franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Woof Gang Bakery and Grooming (classified mostly as Pet Care (except Veterinary) Services), totaling $3.4M. The median loan was $325,000, 50% lower than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Woof Gang Bakery and Grooming resale loans landed between $255,450 and $777,500.
- Lender experience exists. United Community Bank alone has financed 2 Woof Gang Bakery and Grooming resales.
- Guaranty. The SBA guaranteed 80% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Woof Gang Bakery and Grooming resale
The median SBA 7(a) loan for a Woof Gang Bakery and Grooming resale was $325,000 across 7 loans (FY2018 to FY2026). United Community Bank, SouthState Bank, National Association and City National Bank of Florida have financed the most Woof Gang Bakery and Grooming 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%.
Woof Gang Bakery and Grooming acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $1.2M | $588,750 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $203K | $203,400 | |
| FY2024 | 1 | $325K | $325,000 | |
| FY2025 | 1 | $188K | $187,500 | |
| FY2026 | 2 | $1.6M | $777,500 |
How often do these acquisition loans fail?
Fewer than 20 Woof Gang Bakery and Grooming 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.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Lenders financing Woof Gang Bakery and Grooming resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Community Bank | 2 | 28.6% | $1.2M | |
| 2 | SouthState Bank, National Association | 1 | 14.3% | $870K | |
| 3 | City National Bank of Florida | 1 | 14.3% | $685K | |
| 4 | The Bancorp Bank National Association | 1 | 14.3% | $308K | |
| 5 | Bank Five Nine | 1 | 14.3% | $203K | |
| 6 | BayFirst National Bank | 1 | 14.3% | $188K |
States where Woof Gang Bakery and Grooming units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 3 | 42.9% | $1.1M | |
| 2 | North Carolina | 2 | 28.6% | $1.2M | |
| 3 | Georgia | 1 | 14.3% | $870K | |
| 4 | New Jersey | 1 | 14.3% | $308K |
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify Woof Gang Bakery and Grooming
Lenders code each loan to a NAICS industry. For Woof Gang Bakery and Grooming the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pet Care (except Veterinary) Services | 5 | 71.4% | $2.3M | |
| 2 | Pet and Pet Supplies Retailers | 2 | 28.6% | $1.2M |
Questions buyers ask
How much do buyers borrow to buy a Woof Gang Bakery and Grooming franchise?
The median SBA 7(a) loan for a Woof Gang Bakery and Grooming resale was $325,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $255,450 to $777,500. 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 Woof Gang Bakery and Grooming acquisitions?
United Community Bank has made the most SBA acquisition loans for Woof Gang Bakery and Grooming (2, 29% of the total). SouthState Bank, National Association, City National Bank of Florida, The Bancorp Bank National Association follow.
What interest rate and term do Woof Gang Bakery and Grooming acquisition loans carry?
The average initial rate at approval was 8.64% (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 Woof Gang Bakery and Grooming resale riskier than other SBA-financed acquisitions?
Too few Woof Gang Bakery and Grooming 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 Woof Gang Bakery and Grooming units being bought with SBA loans?
Florida (3), North Carolina (2), Georgia (1), New Jersey (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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Pet Care (except Veterinary) Services acquisitions
- Florida acquisitions
- North Carolina acquisitions
- Georgia acquisitions
- United Community Bank
- SouthState Bank, National Association
- City National Bank of Florida
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Woof Gang Bakery and Grooming" (franchise code S1946). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.