Milkshake Factory
The total investment to open a Milkshake Factory franchise ranges from $510,492 to $772,548. Ongoing royalties are 6%.
What is the Milkshake Factory franchise?
The Milkshake Factory is a limited service restaurant that sells milkshakes and chocolate to customers looking for a sweet treat. The 2026 Franchise Disclosure Document estimates total initial investment at $510,492 to $772,548.
The royalty is 6 percent of sales. Its franchise agreement term is 10 years.
The headquarters is in Ann Arbor, Michigan.
Loan Activity Score
64/100
SBA Default Rate
0.0%
Active Lenders
5
According to its Franchise Disclosure Document or public business records, Milkshake Factory has 5 locations, all owned by franchisees. Public SBA loan records show 5 lenders made 6 loans to franchisees of Milkshake Factory. PeerSense calculates Milkshake Factory's score as 64 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
5 locations
$510,492 to $772,548
5
5 franchised
Proprietary PeerSense metric
ModerateDistinct lenders in public SBA records for Milkshake Factory
6
Total SBA loans
$535K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Milkshake Factory
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 10.3% peer avg
SBA Loans
6
Total Volume
$3.2M
Active Lenders
5
1 selective
States
5
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Milkshake Factory based on SBA lending data
SBA Default Rate
0.0%
10.3% below peer avg
SBA Loan Volume
6 loans
Across 5 lenders
Lender Diversity
5 lenders
Avg 1.2 loans per lender
Investment Tier
Significant investment
$510,492 to $772,548 total
Milkshake Factory: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2026
3 approvals. The best year on record for Milkshake Factory.
Top SBA State
Arizona
2 SBA financed Milkshake Factory locations, the densest operator footprint.
Average Loan Size
$535K
Median $586K. Use as a sizing anchor when modeling your own Milkshake Factory unit.
Lender Concentration
66.7%
Concentrated
Share of Milkshake Factory approvals captured by the top 3 SBA lenders.
Milkshake Factory's SBA lending pipeline peaked in 2026 (3 approvals). The last five fiscal years account for 100% of cumulative volume ($3.2M approved). Operator density is highest in Arizona with 2 SBA financed locations. Average funded ticket sits at $535K, with the median at $586K. Lender mix is concentrated: the top three SBA lenders account for 66.7% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$5,285
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Milkshake Factory, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman