SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Cousins Submarines (Restaurant) franchise in Minnesota: what the public record shows
Franchisees of Cousins Submarines (Restaurant) in Minnesota have taken 17 SBA loans since 1991 (average $129,576), and of the 16 loans whose story has ended, 43.8% were charged off — versus 24.6% for Cousins Submarines (Restaurant) nationally and 14.8% across all rateable franchise brands.
Loans in MN
17
Resolved
16
Local charge-off
43.8%
National charge-off
24.6%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
Businesses in this industry
8,754
statewide, all operators
Per 100k residents
151.1
national 179.9
Versus the country
-16%
thinner
Every business in Cousins Submarines (Restaurant)'s industry operating in Minnesota — 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.
| System | Loans in MN | Local charge-off | Units in MN |
|---|---|---|---|
| Jimmy John's | 76 | 1.8% | — |
| Quiznos | 72 | 21.7% | — |
| Culver's | 68 | 6.1% | — |
| PIZZA RANCH | 57 | 9.5% | 43 |
| Papa Murphy'S Take & Bake Pizza | 44 | 0.0% | — |
| TACO JOHN'S | 37 | 6.3% | 50 |
| Domino's Pizza | 36 | 3.6% | — |
| Dunn Bros Coffee | 32 | 22.6% | — |
| Cold Stone Creamery | 30 | 25.0% | — |
| Erbert & Gerbert'S Subs & Clubs | 23 | 15.8% | — |
| Dunkin Donuts/Baskin-Robbins Co-Brand | 18 | thin | — |
| SCOOTER'S COFFEE | 18 | thin | 30 |
Same sector, same state, same public records — how Cousins Submarines (Restaurant) compares to the systems a buyer in Minnesota 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. An independent CPA is paid by you — and the job is pressure-testing Cousins Submarines (Restaurant)'s numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →