Franchise default rates

Every franchise brand with at least 30 SBA loans old enough to judge — 228 brands, ranked by how many owners defaulted. Franchisors are not required to publish this. The federal loan record is.

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228 brands

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Brand	Units financed	Judged on	Defaulted	Default rate	Typical loan
SUBWAY SANDWICH SHOP	1612	1210	61	3.2%	$187k
The UPS Store	1358	453	1	0.1%	$270k
ANYTIME FITNESS	975	589	44	5.3%	$337k
JIMMY JOHN'S	762	592	24	3.2%	$393k
Quality Inn	757	392	4	0.8%	$2.4M
Days Inn / Days Inn by Wyndham	619	350	3	0.7%	$1.9M
Ace Hardware	576	266	11	1.2%	$531k
FIREHOUSE SUBS	564	370	22	4.2%	$284k
The Goddard School	523	229	4	0.3%	$1.4M
LITTLE CAESAR PIZZA	490	346	16	3.7%	$294k
SERVPRO	488	270	4	1.7%	$250k
Jersey Mike’s Subs; Jersey Mike’s	476	214	4	1.9%	$350k
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement	466	229	4	1.0%	$2.9M
Tropical Smoothie Cafe	464	171	4	1.3%	$348k
Domino's Pizza	454	205	3	0.5%	$398k
Motel 6	440	183	2	0.2%	$2.1M
Marco's Pizza	434	226	11	2.9%	$350k
Comfort Inn	431	259	3	0.6%	$3.1M
AMERIPRISE FINANCIAL	428	308	1	0.1%	$350k
SPORT CLIPS	421	328	11	2.2%	$230k
ORANGE THEORY FITNESS	413	318	2	0.4%	$487k
Primrose Schools	404	219	1	0.2%	$2.6M
Smoothie King	385	179	4	2.5%	$309k
Red Roof Inn	360	166	0	0.0%	$2.2M
EUROPEAN WAX CENTER	359	285	4	1.0%	$350k
Kiddie Academy	350	162	5	0.7%	$749k
Econo Lodge	345	188	2	0.4%	$1.4M
Super 8 by Wyndhan / Super 8	345	42	2	2.5%	$1.9M
MASSAGE ENVY	344	309	18	4.3%	$427k
DUNKIN DONUTS	341	247	3	1.9%	$537k
DAIRY QUEEN GRILL & CHILL/TEXAS DQ	326	326	3	0.2%	$331k
The Learning Experience	310	104	5	2.5%	$450k
Budget Blinds	309	93	4	1.6%	$150k
FASTSIGNS	296	140	6	2.1%	$245k
Cold Stone Creamery	290	107	1	0.3%	$302k
Naturals2Go	290	32	7	14.7%	$150k
Nothing Bundt Cakes	287	99	0	0.0%	$448k
DICKEY'S BARBECUE PIT	284	206	54	20.5%	$265k
EDIBLE ARRANGEMENTS	270	195	17	6.0%	$192k
GREAT CLIPS	270	221	5	1.7%	$150k
Club Pilates	253	118	0	0.0%	$247k
Baymont by Wyndham / Baymont Inn & Suites	247	105	2	1.1%	$2.4M
SUPERCUTS	243	166	6	2.5%	$150k
Meineke Car Care Center	242	144	28	10.4%	$303k
F45 Training	241	34	3	8.3%	$255k
The Grounds Guys	238	46	8	11.9%	$150k
CHRISTIAN BROTHERS AUTOMOTIVE	236	147	0	0.0%	$350k
MENCHIE'S	232	190	30	11.0%	$304k
AMERICAS BEST VALUE INN (F/K/A BEST VALUE INN	230	144	2	0.6%	$1.2M
Biggby Coffee	224	68	0	0.0%	$231k
ServiceMaster	219	112	2	0.2%	$350k
Rodeway Inn	212	105	1	0.6%	$1.5M
SUPER 8	212	212	2	0.3%	$1.5M
ALLSTATE INSURANCE	211	211	6	1.0%	$225k
FEDEX GROUND	208	208	8	4.0%	$150k
SNAP FITNESS	196	148	10	5.8%	$150k
WINGSTOP	196	146	0	0.0%	$359k
Pet Supplies Plus	194	48	3	2.3%	$828k
PAPA MURPHY'S	183	183	11	3.8%	$218k
AMAZING LASH STUDIO	181	121	3	1.5%	$374k
Urban Air Adventure Park	178	57	2	1.2%	$2.1M
Minuteman Press	177	85	11	9.8%	$150k
The Joint Chiropractic	173	62	1	1.5%	$235k
Pure Barre	172	73	1	0.8%	$222k
Sleep Inn	171	83	1	0.5%	$2.9M
WHICH WICH	165	142	19	10.5%	$275k
CHEVRON (GAS STATION)	164	164	0	0.0%	$1.3M
CULVER'S	164	164	0	0.0%	$782k
SPORTS CLIPS	164	164	1	0.3%	$180k
LIBERTY TAX SERVICE	160	127	7	4.5%	$100k
Rainbow Restoration	157	54	7	13.7%	$150k
Camp Bow Wow	156	73	0	0.0%	$804k
Once Upon A Child	156	83	3	3.0%	$250k
Dogtopia	153	43	1	1.6%	$750k
HOME INSTEAD SENIOR CARE	152	152	3	1.0%	$310k
Signarama	150	96	24	27.6%	$150k
Right at Home	149	64	3	10.8%	$256k
Senior Helpers	149	41	1	0.9%	$150k
Baskin-Robbins	148	82	6	4.8%	$195k
TRAVELODGE	148	82	0	0.0%	$1.6M
Batteries Plus	146	70	9	5.7%	$254k
PuroClean	146	33	4	5.5%	$150k
Rita's Ice-Custard-Happiness	146	69	7	7.4%	$257k
Mr. Appliance	136	39	10	25.1%	$150k
The Little Gym	136	36	2	8.2%	$338k
Paul Davis Restoration	133	50	4	5.9%	$359k
PLATO'S CLOSET	133	85	1	0.1%	$235k
Code Ninjas	132	31	6	16.2%	$215k
Pearle Vision	132	82	0	0.0%	$350k
Jet's Pizza	131	77	3	2.9%	$317k
CertaPro Painters	129	43	4	4.7%	$240k
SKYZONE	129	81	7	3.0%	$1.5M
Mr. Handyman	127	37	4	6.3%	$150k
FANTASTIC SAMS	126	108	22	18.3%	$176k
CycleBar	123	65	3	1.4%	$492k
SHELL SERVICE STATION	123	123	0	0.0%	$1.1M
TRUE VALUE HARDWARE	122	84	3	1.9%	$370k
Midas	121	52	4	6.8%	$334k
Visiting Angels	121	50	0	0.0%	$200k
ZAXBY'S	120	73	2	0.7%	$1.3M
Play It Again Sports	116	49	1	1.1%	$299k
PLANET FITNESS	115	113	0	0.0%	$1.1M
Window Genie	114	47	17	30.9%	$150k
9ROUND	111	79	18	18.8%	$82k
BURGER KING	111	68	2	3.1%	$725k
ILOVEKICKBOXING.COM	111	93	23	19.0%	$211k
Maaco	110	50	2	1.2%	$387k
Golden Corral	109	72	5	6.1%	$1.6M
Waxing the City	108	38	2	5.5%	$330k
Restoration 1	106	35	0	0.0%	$150k
AlphaGraphics	104	47	5	6.8%	$350k
Burgerim	104	53	17	26.4%	$296k
Goldfish Swim School	104	57	0	0.0%	$1.6M
HEALTHSOURCE CHIROPRACTIC	104	72	3	3.9%	$150k
Two Men and a Truck	104	46	0	0.0%	$350k
MELLOW MUSHROOM	103	88	3	1.9%	$1.1M
Sylvan Learning Centers	103	43	4	2.9%	$190k
Kids 'R' Kids	101	65	0	0.0%	$2.6M
Auntie Anne's	100	59	1	2.1%	$261k
The Lash Lounge	100	30	5	13.4%	$275k
Bee Hive Homes	97	61	1	0.4%	$1.7M
MASSAGE HEIGHTS	97	67	3	2.2%	$375k
Patrice & Associates	97	32	8	20.7%	$150k
Comfort Keepers	96	37	1	0.6%	$300k
PAPA JOHN'S PIZZA	96	96	10	8.5%	$231k
Duck Donuts	95	30	5	7.3%	$397k
ORANGE LEAF FROZEN YOGURT	95	91	27	18.8%	$246k
HAND AND STONE	94	94	1	0.2%	$350k
Mountain Mike's Pizza	94	32	1	1.0%	$421k
POPEYES LOUISIANA KITCHEN	93	69	0	0.0%	$685k
GREAT HARVEST BREAD CO.	92	61	8	6.6%	$212k
RETRO FITNESS	91	68	2	3.6%	$950k
Rosati's Pizza	91	49	7	11.6%	$319k
THE PITA PIT	90	80	15	12.9%	$230k
TEMPORARY FRANCHISES	89	89	7	2.8%	$158k
Wetzel's Pretzels	89	42	2	2.7%	$326k
Wild Birds Unlimited	89	37	1	1.2%	$202k
HOLIDAY INN	87	87	0	0.0%	$3.7M
TITLE BOXING CLUB	87	66	11	17.6%	$220k
AAMCO TRANSMISSIONS	86	86	13	7.9%	$192k
Molly Maid	86	36	2	2.5%	$192k
KNIGHTS INN	84	61	1	0.0%	$1.3M
LA QUINTA INN	84	84	1	0.3%	$3.5M
COUNTRY INNS & SUITES BY CARLSON	83	83	1	1.1%	$2.8M
ZOUP!	82	70	9	9.4%	$350k
Jackson Hewitt Tax Service	79	46	1	0.3%	$210k
Merry Maids	79	42	1	0.2%	$302k
MOE'S SOUTHWEST GRILL	79	57	0	0.0%	$350k
SYNERGY HomeCare	77	36	3	4.5%	$150k
TUTOR DOCTOR	77	53	18	31.6%	$100k
LINE-X	74	47	3	2.9%	$203k
ELEMENTS THERAPEUTIC MASSAGE	71	71	1	1.7%	$251k
SUPER 8 MOTEL	70	70	0	0.0%	$1.4M
The Cleaning Authority	70	37	3	4.9%	$150k
The Medicine Shoppe	70	47	1	0.5%	$414k
YOGURTLAND	70	58	3	5.1%	$350k
barre3	68	40	1	1.8%	$262k
CHOICE HOTELS INTERNATIONAL INC.	68	68	0	0.0%	$1.9M
Huntington Learning Center	68	31	4	5.6%	$208k
SpeedPro Imaging	68	35	8	15.4%	$206k
TOPPERS PIZZA	68	54	0	0.0%	$341k
PIZZA RANCH	66	38	1	3.6%	$499k
CHECKERS	64	44	1	1.4%	$520k
Experimac	64	64	40	53.8%	$150k
FITNESS TOGETHER (F/K/A FITNESS FOR LIFE)	64	46	6	15.7%	$120k
Great American Cookies	64	35	0	0.0%	$266k
FIVE GUYS FAMOUS BURGERS AND FRIES	63	54	0	0.0%	$405k
BAHAMA BUCK'S	62	62	10	8.7%	$306k
Kid to Kid	62	32	4	11.6%	$280k
AMPM MINI MARKET- ARCO	61	61	0	0.0%	$2.1M
ARBY'S	61	42	3	4.0%	$499k
ARCPOINT	61	37	5	12.5%	$150k
STATE FARM INSURANCE	61	60	2	1.2%	$150k
The Brass Tap Craft Beer Bar	59	35	2	4.5%	$751k
MAACO AUTO PAINTING & BODYWORKS/MAACO COLLISI	57	57	1	0.3%	$332k
NAPA AUTO PARTS	57	57	2	1.4%	$350k
PAINTING WITH A TWIST	57	46	4	7.6%	$107k
RAMADA INNS	57	57	0	0.0%	$2.5M
COMPLETE NUTRITION	56	56	14	27.0%	$160k
JIFFY LUBE	56	31	0	0.0%	$1.0M
ADVANTACLEAN	55	32	3	4.9%	$150k
JAKE'S WAYBACK BURGERS	55	55	9	10.6%	$209k
CLOTHES MENTOR	54	40	1	2.1%	$189k
DENNY'S	54	35	0	0.0%	$702k
DENTAL FIX RX	54	54	25	40.4%	$150k
IHOP	54	36	0	0.0%	$859k
MICROTEL INN AND SUITES	53	53	0	0.0%	$2.1M
SONIC	53	34	0	0.0%	$1.1M
BRIGHT STAR HEALTHCARE/BRIGHTSTAR	51	51	2	3.8%	$207k
THE BAR METHOD	51	33	6	16.7%	$318k
DUTCH BROS. COFFEE	50	50	0	0.0%	$412k
UBREAKIFIX	50	30	0	0.0%	$122k
HOLIDAY INN EXPRESS	49	49	0	0.0%	$3.1M
WENDY'S	49	33	0	0.0%	$682k
HAMPTON INNS	48	48	1	0.4%	$3.5M
HONEST-1 AUTO CARE	48	48	3	3.6%	$317k
VALERO	48	48	0	0.0%	$986k
HOWARD JOHNSON	46	46	0	0.0%	$2.0M
The Flying Locksmiths	46	30	0	0.0%	$150k
DOCTORS EXPRESS	45	45	1	0.3%	$633k
QUIZNOS	45	42	9	12.9%	$68k
18/8 FINE MEN'S SALONS	43	43	5	15.8%	$256k
BIG O TIRES	43	43	1	0.1%	$376k
GOLD'S GYM	43	37	0	0.0%	$1.1M
H&R BLOCK	43	43	0	0.0%	$150k
CARTRIDGE WORLD	42	37	4	9.4%	$88k
EXXON	42	42	0	0.0%	$1.2M
RE/MAX	42	42	1	0.5%	$174k
FUZZY'S TACO SHOP	41	33	3	7.8%	$416k
EXPRESS EMPLOYMENT PROFESSIONALS/EXPRESS PERS	40	40	0	0.0%	$120k
FRESHII	40	31	10	27.4%	$334k
HEALTH MART PHARMACIES	40	40	3	1.3%	$350k
TIM HORTONS	40	33	0	0.0%	$315k
STEAK N SHAKE	38	33	3	1.5%	$1.2M
CIRCLE K	37	37	0	0.0%	$1.0M
MIDAS MUFFLER SHOP	37	37	1	0.1%	$212k
PINOT'S PALETTE	37	31	3	9.0%	$128k
TCBY	37	35	2	5.7%	$250k
EMBROIDME	35	35	13	30.4%	$150k
JAMBA JUICE	35	35	1	1.0%	$290k
MOBIL OIL (STATIONS)	35	35	2	1.6%	$1.0M
SONIC DRIVE-IN	35	35	0	0.0%	$830k
GODDARD EARLY LEARNING CENTER	34	34	0	0.0%	$690k
SEVA BEAUTY	32	32	3	5.6%	$140k
SNAP-ON TOOLS	32	32	2	2.5%	$92k
GENERAL NUTRITION CENTERS/GNC	31	31	0	0.0%	$178k
CHILDRENS LIGHTHOUSE	30	30	0	0.0%	$3.0M
PHILLY SOFT PRETZEL FACTORY	30	30	0	0.0%	$152k

Source SBA 7(a) FOIAReleased 2026-06-30 Floor 30 seasoned loans to publish Measured within 7 years of approval

How to read these

A high rate does not mean a bad business — it means a business that has been hard to finance profitably, which affects what a bank will offer you and how much cushion you need. "Judged on" is the number of loans old enough to have failed; a rate built on 30 loans is a weaker signal than one built on 400. Everything is measured within seven years of approval, because that is where SBA defaults cluster.