All Other Specialty Food Retailers: SBA business acquisition loan data
189 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as All Other Specialty Food Retailers (NAICS 445298), totaling $109M. Median loan $333,000, 48% lower than the all-acquisition median. Annual volume fell 57% from FY2024 to FY2026. 36% of these deals were franchised units.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $692,400 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.4% of all SBA-financed business purchases, ranking #57 of 300 industries tracked.
- Geography. California leads with 28 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 2,035 jobs supported across these loans, about 10.8 per acquisition, a rough proxy for the size of business changing hands.
All Other Specialty Food Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 28 | $9M | $227,850 | |
| FY2019 | 24 | $12.4M | $342,100 | |
| FY2020 | 20 | $8.6M | $332,500 | |
| FY2021 | 23 | $12.4M | $348,000 | |
| FY2022 | 20 | $13.7M | $361,500 | |
| FY2023 | 21 | $11.6M | $275,500 | |
| FY2024 | 21 | $15.1M | $461,000 | |
| FY2025 | 23 | $17.7M | $350,000 | |
| FY2026 | 9 | $8M | $760,000 |
How often do these acquisition loans fail?
Of the 95 All Other Specialty Food Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 5.3% by loan count and 2.6% by dollars. 47 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so All Other Specialty Food Retailers is 49% higher than the acquisition-loan average. 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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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 28 | 14.8% | $11.3M | |
| 2 | Texas | 14 | 7.4% | $6.2M | |
| 3 | Florida | 13 | 6.9% | $10.3M | |
| 4 | Pennsylvania | 13 | 6.9% | $5.1M | |
| 5 | New York | 12 | 6.3% | $7M | |
| 6 | Illinois | 11 | 5.8% | $4.6M | |
| 7 | Massachusetts | 9 | 4.8% | $6.1M | |
| 8 | Michigan | 8 | 4.2% | $5.5M | |
| 9 | Ohio | 8 | 4.2% | $3.6M | |
| 10 | North Carolina | 7 | 3.7% | $6.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 21 | 11.1% | $10.3M | |
| 2 | Manufacturers and Traders Trust Company | 9 | 4.8% | $1.6M | |
| 3 | Bank of Hope | 6 | 3.2% | $552K | |
| 4 | Live Oak Banking Company | 4 | 2.1% | $4.4M | |
| 5 | First Commonwealth Bank | 4 | 2.1% | $1.4M | |
| 6 | Pathward National Association | 3 | 1.6% | $5.2M | |
| 7 | Rockland Trust Company | 3 | 1.6% | $4.6M | |
| 8 | First Bank of the Lake | 3 | 1.6% | $3.7M | |
| 9 | Seacoast National Bank | 3 | 1.6% | $3.2M | |
| 10 | The Bancorp Bank National Association | 3 | 1.6% | $2.2M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in All Other Specialty Food Retailers
36% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Edible Arrangements | 21 | 30.9% | $8.9M | |
| 2 | Cold Stone Creamery | 9 | 13.2% | $3.3M | |
| 3 | Smoothie King | 4 | 5.9% | $1.5M | |
| 4 | Baskin-Robbins | 4 | 5.9% | $664K | |
| 5 | Wetzel's Pretzels | 2 | 2.9% | $1.6M | |
| 6 | Duck Donuts | 2 | 2.9% | $889K | |
| 7 | Bruster's Real Ice Cream | 2 | 2.9% | $767K | |
| 8 | Subway | 2 | 2.9% | $326K | |
| 9 | Dairy Queen | 2 | 2.9% | $285K | |
| 10 | Tropical Smoothie Cafe | 1 | 1.5% | $2.4M | |
| 11 | Kilwins Chocolates and Ice Cream Store | 1 | 1.5% | $830K | |
| 12 | Jimmy John's | 1 | 1.5% | $600K | |
| 13 | Honey Dew Donuts | 1 | 1.5% | $556K | |
| 14 | Dunn Brothers Coffee | 1 | 1.5% | $535K | |
| 15 | Ben & Jerry's | 1 | 1.5% | $417K |
Questions buyers ask
How much is a typical SBA loan to buy a business in All Other Specialty Food Retailers?
Median $333,000 across 189 acquisition loans (FY2018 to FY2026); the middle half ran $204,000 to $692,400. That is 48% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most All Other Specialty Food Retailers acquisitions?
The Huntington National Bank (21), Manufacturers and Traders Trust Company (9), Bank of Hope (6), Live Oak Banking Company (4), First Commonwealth Bank (4).
Are businesses in All Other Specialty Food Retailers often franchised?
Yes, often. 36% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Edible Arrangements, Cold Stone Creamery, Smoothie King, Baskin-Robbins, Wetzel's Pretzels.
How risky are SBA loans for buying a business in All Other Specialty Food Retailers?
Of 95 seasoned loans (FY2018 to FY2021), 5.3% charged off, 49% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for All Other Specialty Food Retailers acquisitions?
Median term 10 years, average initial rate 7.67% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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