SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA

Firehouse Subs franchise in Virginia: what the public record shows

Franchisees of Firehouse Subs in Virginia have taken 31 SBA loans since 1991 (average $269,358), and of the 19 loans whose story has ended, 5.3% were charged off — versus 11.1% for Firehouse Subs nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 57 franchised outlets in Virginia (fiscal 2017) — about 0.65 per 100k residents.

SBA loan outcomes · Virginiavs national

Loans in VA

Resolved

Local charge-off

5.3%

National charge-off

11.1%

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. 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.

Franchised outlets in Virginia · FDD Item 20+0 over the disclosed window

Fiscal year	Franchised	Company-owned
2015	57	—
2016	57	—
2017	57	—

Same-sector systems with SBA loan history in Virginia12 systems

System	Loans in VA	Local charge-off	Units in VA
Subway	90	0.0%	547
DAIRY QUEEN	38	24.0%	—
Fastsigns	17	15.4%	—
CERTA PROPAINTERS	14	thin	17
EDIBLE ARRANGEMENTS	14	30.0%	26
MASSAGE ENVY	14	10.0%	37
Rainbow Restoration	14	thin	—
HOTWORX	12	thin	13
Matco Tools	12	10.0%	—
Plato'S Closet	12	thin	—
Home Instead	11	thin	15
SERVICEMASTER RESTORE	11	thin	50

Same sector, same state, same public records — how Firehouse Subs compares to the systems a buyer in Virginia would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.

Before you sign anythingfree · 30 min · no commission

A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Firehouse Subs's numbers, including talking you out of a bad deal.

Talk to an independent CPA before you buy →