SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
BLO BLOW DRY BAR INC. franchise in New York: what the public record shows
Franchisees of BLO BLOW DRY BAR INC. in New York have taken 8 SBA loans since 1991 (average $313,300)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 10.5% is the better guide. Its latest FDD Item 20 state table reports 10 franchised outlets in New York (fiscal 2020) — about 0.05 per 100k residents.
Loans in NY
8
Resolved
2
Local charge-off
thin
National charge-off
10.5%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
Businesses in this industry
44,621
statewide, all operators
Per 100k residents
224.6
national 179.9
Versus the country
+25%
denser
Every business in BLO BLOW DRY BAR INC.'s industry operating in New York — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$682
New York, BLS QCEW 2025
National average
$537
same industry, all states
Versus the country
+27%
costlier to staff
What BLO BLOW DRY BAR INC.'s industry actually pays workers in New York, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This is a real cost signal independent of the FDD — a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2018 | 7 | — |
| 2018 | 7 | — |
| 2019 | 9 | — |
| 2019 | 9 | — |
| 2020 | 10 | — |
| 2020 | 10 | — |
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| Dunkin Donuts/Baskin-Robbins Co-Brand | 231 | 11.1% | — |
| Quiznos | 134 | 34.3% | — |
| Cold Stone Creamery | 51 | 50.0% | — |
| Domino's Pizza | 37 | 15.4% | — |
| Burger King | 32 | 14.3% | — |
| Tropical Smoothie Cafe | 25 | 16.7% | 62 |
| Papa Johns | 23 | 31.3% | — |
| Carvel Ice Cream | 18 | 30.0% | — |
| CHECKERS RESTAURANT OR RALLY'S RESTAURANT | 13 | thin | — |
| IHOP | 13 | thin | — |
| Arby's | 12 | 9.1% | — |
| Kentucky Fried Chicken | 12 | thin | — |
Same sector, same state, same public records — how BLO BLOW DRY BAR INC. compares to the systems a buyer in New York would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing BLO BLOW DRY BAR INC.'s numbers, including talking you out of a bad deal.