FRANCHISE·WATCH·DESK

SBA 7(a)/504 FOIA · FY1991–PRESENT · PENNSYLVANIA

Hand and Stone Massage and Facial Spa franchise in Pennsylvania: what the public record shows

Franchisees of Hand and Stone Massage and Facial Spa in Pennsylvania have taken 21 SBA loans since 1991 (average $376,638), and of the 12 loans whose story has ended, 0.0% were charged off — versus 2.8% for Hand and Stone Massage and Facial Spa nationally and 14.8% across all rateable franchise brands.

SBA loan outcomes · Pennsylvaniavs national

Loans in PA

21

Resolved

12

Local charge-off

0.0%

National charge-off

2.8%

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = PA. 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.

Market density · Pennsylvania vs nationalDense market

Businesses in this industry

5,123

statewide, all operators

Per 100k residents

39.2

national 26.6

Versus the country

+47%

denser

Every business in Hand and Stone Massage and Facial Spa's industry operating in Pennsylvania — 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.

Same-sector systems with SBA loan history in Pennsylvania10 systems
SystemLoans in PALocal charge-offUnits in PA
Hollywood Tans412.6%
European Wax Centers-Galleria180.0%
GREAT CLIPS1614.3%
Planet Beach10thin
Amazing Lash Studio7thin6
Fantastic Sams7thin
Deka Lash6thin
WAXING THE CITY6thin
Restore Hyper Wellness5thin
The Lash Lounge5thin

Same sector, same state, same public records — how Hand and Stone Massage and Facial Spa compares to the systems a buyer in Pennsylvania would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.

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