SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
JERSEY MIKE'S franchise in New York: what the public record shows
Franchisees of JERSEY MIKE'S in New York have taken 14 SBA loans since 1991 (average $769,035)— 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 4.1% is the better guide. Its latest FDD Item 20 state table reports 114 franchised outlets in New York (fiscal 2025) — about 0.57 per 100k residents.
Loans in NY
14
Resolved
5
Local charge-off
thin
National charge-off
4.1%
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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 83 | 1 |
| 2024 | 101 | 1 |
| 2025 | 114 | 0 |
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| Subway | 378 | 12.1% | 664 |
| ECONO LODGE | 33 | 15.8% | 17 |
| EDIBLE ARRANGEMENTS | 33 | 8.0% | 67 |
| QUALITY INN | 30 | 7.7% | 37 |
| Matco Tools | 22 | 22.7% | — |
| DAIRY QUEEN | 20 | 33.3% | — |
| MASSAGE ENVY | 17 | 9.1% | 28 |
| Blimpie | 15 | 18.2% | — |
| Fastsigns | 12 | thin | — |
| HOTWORX | 12 | thin | 15 |
| Minuteman Press | 12 | thin | — |
| Wyndham | 12 | thin | 1 |
Same sector, same state, same public records — how JERSEY MIKE'S 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 JERSEY MIKE'S's numbers, including talking you out of a bad deal.