SBA 7(a)/504 FOIA · FY1991–PRESENT · ARIZONA
Hand and Stone franchise in Arizona: what the public record shows
Franchisees of Hand and Stone in Arizona have taken 6 SBA loans since 1991 (average $360,500)— 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 2.8% is the better guide.
Loans in AZ
6
Resolved
5
Local charge-off
thin
National charge-off
2.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = AZ. 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
1,907
statewide, all operators
Per 100k residents
25.2
national 26.6
Versus the country
-5%
thinner
Every business in Hand and Stone's industry operating in Arizona — 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
$725
Arizona, BLS QCEW 2025
National average
$698
same industry, all states
Versus the country
+4%
costlier to staff
What Hand and Stone's industry actually pays workers in Arizona, 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.
| System | Loans in AZ | Local charge-off | Units in AZ |
|---|---|---|---|
| European Wax Centers-Galleria | 29 | 0.0% | — |
| Planet Beach | 26 | 52.4% | — |
| Fantastic Sams | 23 | 27.8% | — |
| Amazing Lash Studio | 15 | thin | 6 |
| Elements Therapeutic Massage | 11 | 0.0% | — |
| SUPERCUTS | 10 | thin | 55 |
| GREAT CLIPS | 6 | thin | — |
Same sector, same state, same public records — how Hand and Stone compares to the systems a buyer in Arizona 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 Hand and Stone's numbers, including talking you out of a bad deal.