SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW JERSEY
Firehouse Subs franchise in New Jersey: what the public record shows
Franchisees of Firehouse Subs in New Jersey have taken 10 SBA loans since 1991 (average $179,290)— 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 11.1% is the better guide. Its latest FDD Item 20 state table reports 6 franchised outlets in New Jersey (fiscal 2017) — about 0.06 per 100k residents.
Loans in NJ
10
Resolved
9
Local charge-off
thin
National charge-off
11.1%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NJ. 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
18,596
statewide, all operators
Per 100k residents
195.7
national 179.9
Versus the country
+9%
denser
Every business in Firehouse Subs's industry operating in New Jersey — 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
$578
New Jersey, BLS QCEW 2025
National average
$537
same industry, all states
Versus the country
+8%
costlier to staff
What Firehouse Subs's industry actually pays workers in New Jersey, 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 |
|---|---|---|
| 2015 | 3 | — |
| 2016 | 3 | — |
| 2017 | 6 | — |
| System | Loans in NJ | Local charge-off | Units in NJ |
|---|---|---|---|
| Dunkin Donuts/Baskin-Robbins Co-Brand | 245 | 2.9% | — |
| Quiznos | 107 | 25.3% | — |
| Rita'S Real Italian Water Ice | 62 | 7.5% | — |
| Domino's Pizza | 56 | 12.8% | — |
| Burger King | 55 | 0.0% | — |
| Cold Stone Creamery | 47 | 19.4% | — |
| Saladworks | 42 | 36.1% | — |
| Manhattan Bagel | 32 | 10.7% | — |
| Papa Johns | 30 | 31.8% | — |
| RITA'S ICE-CUSTARD-HAPPINESS | 24 | 6.7% | — |
| Philly Soft Pretzel Factory | 22 | 35.0% | — |
| Carvel Ice Cream | 19 | 21.4% | — |
Same sector, same state, same public records — how Firehouse Subs compares to the systems a buyer in New Jersey 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 Firehouse Subs's numbers, including talking you out of a bad deal.