SBA 7(a)/504 FOIA · FY1991–PRESENT · NEVADA
Tropical Smoothie Cafe franchise in Nevada: what the public record shows
Franchisees of Tropical Smoothie Cafe in Nevada have taken 22 SBA loans since 1991 (average $320,400), and of the 17 loans whose story has ended, 47.1% were charged off — versus 10.7% for Tropical Smoothie Cafe nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 23 franchised outlets in Nevada (fiscal 2025) — about 0.7 per 100k residents.
Loans in NV
22
Resolved
17
Local charge-off
47.1%
National charge-off
10.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NV. 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
6,171
statewide, all operators
Per 100k residents
188.9
national 179.9
Versus the country
+5%
denser
Every business in Tropical Smoothie Cafe's industry operating in Nevada — 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2013 | 22 | — |
| 2014 | 26 | — |
| 2015 | 27 | — |
| 2023 | 25 | — |
| 2024 | 23 | — |
| 2025 | 23 | — |
| System | Loans in NV | Local charge-off | Units in NV |
|---|---|---|---|
| Port of Subs | 21 | 11.8% | — |
| Quiznos | 16 | 8.3% | — |
| Jimmy John's | 15 | 8.3% | — |
| Cold Stone Creamery | 14 | 36.4% | — |
| Blimpie | 13 | thin | — |
| Papa Murphy'S Take & Bake Pizza | 13 | 0.0% | — |
| Wienerschnitzel | 11 | thin | — |
| Capriotti'S Sandwich Shop | 10 | thin | — |
| Wetzel'S Pretzel | 10 | thin | — |
| Dunkin Donuts/Baskin-Robbins Co-Brand | 8 | thin | — |
| Marco's Pizza | 8 | thin | — |
| Burgerim | 7 | thin | — |
Same sector, same state, same public records — how Tropical Smoothie Cafe compares to the systems a buyer in Nevada 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 Tropical Smoothie Cafe's numbers, including talking you out of a bad deal.
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