SBA 7(a)/504 FOIA · FY1991–PRESENT · UTAH
HOTWORX franchise in Utah: what the public record shows
Franchisees of HOTWORX in Utah have taken 13 SBA loans since 1991 (average $370,200)— 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 1.5% is the better guide. Its latest FDD Item 20 state table reports 18 franchised outlets in Utah (fiscal 2025) — about 0.51 per 100k residents.
Loans in UT
13
Resolved
8
Local charge-off
thin
National charge-off
1.5%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = UT. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 14 | — |
| 2024 | 16 | — |
| 2025 | 18 | — |
| System | Loans in UT | Local charge-off | Units in UT |
|---|---|---|---|
| Subway | 63 | 4.1% | 169 |
| BIG O TIRES | 58 | 2.6% | 52 |
| DAIRY QUEEN | 19 | 25.0% | — |
| Golden Corral (Restaurant) | 19 | thin | — |
| Firehouse Subs | 17 | 9.1% | 13 |
| Alphagraphics, Printshops of the Futu | 14 | thin | — |
| Sport Clips | 11 | 0.0% | 28 |
| MASSAGE ENVY | 10 | thin | 14 |
| Matco Tools | 10 | thin | — |
| Allstate Insurance | 8 | thin | — |
| EDIBLE ARRANGEMENTS | 8 | thin | 1 |
| SERVICEMASTER RESTORE | 8 | thin | 19 |
Same sector, same state, same public records — how HOTWORX compares to the systems a buyer in Utah 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 HOTWORX's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →