SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
Midas Muffler Shop franchise in New York: what the public record shows
Franchisees of Midas Muffler Shop in New York have taken 15 SBA loans since 1991 (average $258,066), and of the 11 loans whose story has ended, 9.1% were charged off — versus 12.7% for Midas Muffler Shop nationally and 14.8% across all rateable franchise brands.
Loans in NY
15
Resolved
11
Local charge-off
9.1%
National charge-off
12.7%
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.
Businesses in this industry
6,236
statewide, all operators
Per 100k residents
31.4
national 30.2
Versus the country
+4%
denser
Every business in Midas Muffler Shop's industry operating in New York — 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.
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| Aamco Transmissions | 32 | 26.1% | — |
| Meineke | 22 | 31.6% | — |
| Mobil Oil (Stations) | 15 | thin | — |
| Maaco Auto Painting Center | 13 | thin | — |
| Exxon | 11 | thin | — |
| Maaco Auto Painting & Bodyworks/Maaco Collisi | 11 | thin | — |
| Sunoco Service Station | 11 | thin | — |
| Napa Auto Parts | 10 | thin | — |
| Sunoco, LLC (Various Brands) Fuel Supply Agreement | 9 | thin | — |
| Carstar | 6 | thin | — |
Same sector, same state, same public records — how Midas Muffler Shop 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. An independent CPA is paid by you — and the job is pressure-testing Midas Muffler Shop's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →