Snack and Nonalcoholic Beverage Bars acquisitions in California: SBA loan data
Since FY2018, SBA lenders have approved 101 7(a) loans to buy an existing business classified as Snack and Nonalcoholic Beverage Bars in California, totaling $45.7M. The median loan was $332,000. That is 1.9% of the 5,184 acquisition loans in California.
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How this compares
The median Snack and Nonalcoholic Beverage Bars loan in California is 45% lower than the $600,000 median for all California acquisitions, and in line with the $317,500 median for Snack and Nonalcoholic Beverage Bars acquisitions nationwide (549 loans).
On losses, 14.0% of seasoned Snack and Nonalcoholic Beverage Bars loans in California were charged off, 238% higher than the 4.1% rate for all California acquisitions, and 137% higher than the 5.9% rate for the industry nationally.
Snack and Nonalcoholic Beverage Bars acquisition loans in California by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 12 | $3.4M | $221,250 | |
| FY2019 | 12 | $4.4M | $272,500 | |
| FY2020 | 10 | $4M | $411,600 | |
| FY2021 | 9 | $2.7M | $250,000 | |
| FY2022 | 13 | $6.4M | $315,000 | |
| FY2023 | 15 | $11.8M | $630,000 | |
| FY2024 | 4 | $1.3M | $302,500 | |
| FY2025 | 13 | $6.2M | $390,000 | |
| FY2026 | 13 | $5.5M | $350,000 |
How often do these acquisition loans fail?
Of the 43 Snack and Nonalcoholic Beverage Bars in California acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 6 have been charged off by the SBA, a rate of 14.0% by loan count and 8.7% by dollars. 21 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 Snack and Nonalcoholic Beverage Bars in California is 296% 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 lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank of Hope | 14 | 13.9% | $3.4M | |
| 2 | Hanmi Bank | 10 | 9.9% | $7.3M | |
| 3 | United Business Bank | 8 | 7.9% | $3.5M | |
| 4 | Open Bank | 8 | 7.9% | $3.2M | |
| 5 | Woori America Bank | 6 | 5.9% | $4.7M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | It's Boba Time | 17 | 16.8% | $10.2M | |
| 2 | Baskin-Robbins | 11 | 10.9% | $3.3M | |
| 3 | Crumbl | 5 | 5.0% | $4.8M | |
| 4 | Yogurtland | 5 | 5.0% | $1.9M | |
| 5 | Cold Stone Creamery | 5 | 5.0% | $1.4M |
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Questions buyers ask
How much do SBA loans for Snack and Nonalcoholic Beverage Bars acquisitions in California run?
The median SBA 7(a) loan was $332,000 across 101 loans (FY2018 to FY2026), with the middle half between $195,000 and $540,000. 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 Snack and Nonalcoholic Beverage Bars acquisitions in California?
Bank of Hope (14), Hanmi Bank (10), United Business Bank (8), Open Bank (8), Woori America Bank (6). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Snack and Nonalcoholic Beverage Bars acquisition loans fail in California?
14.0% of 43 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Snack and Nonalcoholic Beverage Bars acquisitions in California?
65 of the 101 loans (64%) involved a franchise brand, most often It's Boba Time (17).
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Related
- All California acquisitions
- Snack and Nonalcoholic Beverage Bars nationally
- Snack and Nonalcoholic Beverage Bars in Texas
- Snack and Nonalcoholic Beverage Bars in Pennsylvania
- Snack and Nonalcoholic Beverage Bars in Washington
- Snack and Nonalcoholic Beverage Bars in Utah
- Snack and Nonalcoholic Beverage Bars in Colorado
- Snack and Nonalcoholic Beverage Bars in Wisconsin
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- Limited-Service Restaurants in California
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- General Automotive Repair in California
- Supermarkets and Other Grocery Retailers in California
Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.