SBA 7(a)/504 FOIA · FY1991–PRESENT · WASHINGTON
JERSEY MIKE'S franchise in Washington: what the public record shows
Franchisees of JERSEY MIKE'S in Washington have taken 6 SBA loans since 1991 (average $209,783)— 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 7.4% is the better guide. Its latest FDD Item 20 state table reports 61 franchised outlets in Washington (fiscal 2025) — about 0.77 per 100k residents.
Loans in WA
6
Resolved
6
Local charge-off
thin
National charge-off
7.4%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WA. 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 | 58 | 0 |
| 2024 | 59 | 1 |
| 2025 | 61 | 2 |
| System | Loans in WA | Local charge-off | Units in WA |
|---|---|---|---|
| Subway | 318 | 4.7% | 438 |
| DAIRY QUEEN | 113 | 7.1% | — |
| MASSAGE ENVY | 26 | 22.7% | 18 |
| Minuteman Press | 21 | 28.6% | — |
| SERVICEMASTER RESTORE | 17 | 20.0% | 37 |
| DENNY'S | 16 | 10.0% | 40 |
| HOTWORX | 16 | thin | 18 |
| RODEWAY INN | 16 | thin | 4 |
| Fastsigns | 15 | 0.0% | — |
| BIG O TIRES | 14 | thin | 7 |
| Home Instead | 13 | thin | 18 |
| Budget Blinds | 11 | thin | — |
Same sector, same state, same public records — how JERSEY MIKE'S compares to the systems a buyer in Washington 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 JERSEY MIKE'S's numbers, including talking you out of a bad deal.
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