SBA 7(a)/504 FOIA · FY1991–PRESENT · FLORIDA
PITA PIT franchise in Florida: what the public record shows
Franchisees of PITA PIT in Florida have taken 19 SBA loans since 1991 (average $247,200), and of the 13 loans whose story has ended, 46.2% were charged off — versus 30.6% for PITA PIT nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 27 franchised outlets in Florida (fiscal 2015) — about 0.12 per 100k residents.
Loans in FL
19
Resolved
13
Local charge-off
46.2%
National charge-off
30.6%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = FL. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2013 | 29 | 0 |
| 2013 | 29 | 0 |
| 2014 | 32 | 1 |
| 2014 | 32 | 1 |
| 2015 | 27 | 2 |
| 2015 | 27 | 2 |
| System | Loans in FL | Local charge-off | Units in FL |
|---|---|---|---|
| Subway | 124 | 11.3% | 1,023 |
| DAIRY QUEEN | 106 | 4.2% | — |
| Firehouse Subs | 104 | 15.6% | 128 |
| BEEF O' BRADY'S FAMILY SPORTS PUBS | 66 | 30.8% | 60 |
| Fastsigns | 49 | 4.3% | — |
| EDIBLE ARRANGEMENTS | 47 | 13.0% | 48 |
| HOTWORX | 46 | thin | 62 |
| MASSAGE ENVY | 43 | 3.3% | 111 |
| Matco Tools | 36 | 57.1% | — |
| PETLAND | 35 | 30.4% | 10 |
| Sport Clips | 35 | 8.3% | 76 |
| Budget Blinds | 34 | 22.2% | — |
Same sector, same state, same public records — how PITA PIT compares to the systems a buyer in Florida 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 PITA PIT's numbers, including talking you out of a bad deal.
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