SBA 7(a)/504 FOIA · FY1991–PRESENT · MINNESOTA
Schlotzsky'S Sandwich Shop franchise in Minnesota: what the public record shows
Franchisees of Schlotzsky'S Sandwich Shop in Minnesota have taken 6 SBA loans since 1991 (average $287,000)— 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 20.4% is the better guide.
Loans in MN
6
Resolved
6
Local charge-off
thin
National charge-off
20.4%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MN. 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.
Businesses in this industry
8,754
statewide, all operators
Per 100k residents
151.1
national 179.9
Versus the country
-16%
thinner
Every business in Schlotzsky'S Sandwich Shop's industry operating in Minnesota — 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 MN | Local charge-off | Units in MN |
|---|---|---|---|
| Jimmy John's | 76 | 1.8% | — |
| Quiznos | 72 | 21.7% | — |
| Culver's | 68 | 6.1% | — |
| PIZZA RANCH | 57 | 9.5% | 43 |
| Papa Murphy'S Take & Bake Pizza | 44 | 0.0% | — |
| TACO JOHN'S | 37 | 6.3% | 50 |
| Domino's Pizza | 36 | 3.6% | — |
| Dunn Bros Coffee | 32 | 22.6% | — |
| Cold Stone Creamery | 30 | 25.0% | — |
| Erbert & Gerbert'S Subs & Clubs | 23 | 15.8% | — |
| Dunkin Donuts/Baskin-Robbins Co-Brand | 18 | thin | — |
| SCOOTER'S COFFEE | 18 | thin | 30 |
Same sector, same state, same public records — how Schlotzsky'S Sandwich Shop compares to the systems a buyer in Minnesota 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 Schlotzsky'S Sandwich Shop's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →