Franchise Failure Rates

SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026

Rita's Ice-Custard-Happiness Franchise Failure Rate: 12.1% SBA Loan Defaults (2010–2019 Federal Data)

12.1%
charge-off rate on 66 SBA 7(a) loans to Rita's Ice-Custard-Happiness franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Rita's Ice-Custard-Happiness against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Rita's Ice-Custard-Happiness 12.1%; Snack and Nonalcoholic Beverage Bars 10.1%; All franchises 10.2%Rita's Ice-Custard-Happiness 12.1%; Snack and Nonalcoholic Beverage Bars 10.1%; All franchises 10.2%0%5%10%Rita'sIce-Custard-Happiness12.1%Snack and NonalcoholicBeverage Bars10.1%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Rita's Ice-Custard-Happiness 12.1%; Snack and Nonalcoholic Beverage Bars 10.1%; All franchises 10.2%Rita's Ice-Custard-Happiness 12.1%; Snack and Nonalcoholic Beverage Bars 10.1%; All franchises 10.2%0%5%10%Rita's Ice-Custard-Happiness12.1%Snack and Nonalcoholic Beverage Bars10.1%All franchises10.2%

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.

About 1 in 8 Rita's Ice-Custard-Happiness SBA borrowers failed to repay — above the Snack and Nonalcoholic Beverage Bars average of 10.1%.

Between 2010 and 2019, 66 Rita's Ice-Custard-Happiness franchisees financed with SBA 7(a) loans. 8 defaulted — a 12.1% charge-off rate, 1.2x the Snack and Nonalcoholic Beverage Bars average of 10.1%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the Rita's Ice-Custard-Happiness franchise failure rate on SBA loans?

Rita's Ice-Custard-Happiness is a Snack and Nonalcoholic Beverage Bars franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Rita's Ice-Custard-Happiness franchisees: 66 loans approved between fiscal 2010 and 2019, of which 8 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.

How does Rita's Ice-Custard-Happiness compare with other Snack and Nonalcoholic Beverage Bars franchises?

The table sets Rita's Ice-Custard-Happiness's charge-off rate beside its Snack and Nonalcoholic Beverage Bars peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.

Rita's Ice-Custard-Happiness versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureRita's Ice-Custard-HappinessSnack and Nonalcoholic Beverage BarsAll franchisesAll SBA borrowers
Default (charge-off) rate12.1%10.1%10.2%8.0%
Loans in sample66———
Defaults8———
Average loan size$202,692———

What has Rita's Ice-Custard-Happiness SBA lending looked like since 2020?

Since 2020, Rita's Ice-Custard-Happiness franchisees have taken 80 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.

Charge-off rate by approval year — share of each fiscal year's Rita's Ice-Custard-Happiness SBA 7(a) loans that later defaulted (FY2010–FY2019); years with fewer than 10 loans are outlined, not filled
Charge-off rate by approval year: FY2014 0% of 11 loans; FY2015 6% of 18 loans; FY2016 20% of 15 loans; FY2017 14% of 7 loans; FY2018 17% of 12 loans; FY2019 33% of 3 loansCharge-off rate by approval year: FY2014 0% of 11 loans; FY2015 6% of 18 loans; FY2016 20% of 15 loans; FY2017 14% of 7 loans; FY2018 17% of 12 loans; FY2019 33% of 3 loans0%10%20%0%2014n=116%2015n=1820%2016n=1514%2017n=717%2018n=1233%2019n=3
Charge-off rate by approval year: FY2014 0% of 11 loans; FY2015 6% of 18 loans; FY2016 20% of 15 loans; FY2017 14% of 7 loans; FY2018 17% of 12 loans; FY2019 33% of 3 loansCharge-off rate by approval year: FY2014 0% of 11 loans; FY2015 6% of 18 loans; FY2016 20% of 15 loans; FY2017 14% of 7 loans; FY2018 17% of 12 loans; FY2019 33% of 3 loans0%10%20%0%’14n=116%’15n=1820%’16n=1514%’17n=717%’18n=1233%’19n=3

Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 10; FY2021 3; FY2022 14; FY2023 20; FY2024 13; FY2025 16; FY2026 4Loans approved since 2020: FY2020 10; FY2021 3; FY2022 14; FY2023 20; FY2024 13; FY2025 16; FY2026 41020203202114202220202313202416202542026
Loans approved since 2020: FY2020 10; FY2021 3; FY2022 14; FY2023 20; FY2024 13; FY2025 16; FY2026 4Loans approved since 2020: FY2020 10; FY2021 3; FY2022 14; FY2023 20; FY2024 13; FY2025 16; FY2026 410’203’2114’2220’2313’2416’254’26

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY20141100.0%
FY20151815.6%
FY201615320.0%
FY20177114.3%
FY201812216.7%
FY20193133.3%
FY202010—outstanding
FY20213—outstanding
FY202214—outstanding
FY202320—outstanding
FY202413—outstanding
FY202516—outstanding
FY20264—outstanding

How to read this

A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.

How reliable is this number?

Rita's Ice-Custard-Happiness's figure rests on 66 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, so the rate is a settled outcome, not a projection. With 66 resolved loans, one default moves the rate by about 1.5 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every Rita's Ice-Custard-Happiness figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 66 resolved loans — directional, not precise.

Frequently asked

What is Rita's Ice-Custard-Happiness's franchise failure rate on SBA loans?
Between 2010 and 2019, 66 Rita's Ice-Custard-Happiness franchisees financed with SBA 7(a) loans. 8 defaulted — a 12.1% charge-off rate, 1.2x the Snack and Nonalcoholic Beverage Bars average of 10.1%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is Rita's Ice-Custard-Happiness a safe franchise investment?
Between 2010–2019, Rita's Ice-Custard-Happiness franchisees defaulted on SBA loans at 12.1% versus a 10.1% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). Rita's Ice-Custard-Happiness franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 12.1% (8 of 66 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

https://franchisefailurerates.com/franchise/ritas-ice-custard-happiness/ · Data & methodology · Download the dataset (CSV)