FranchiseVerdict
Dill Dinkers Pickleball logo
FV-00752·STRONGStandard71

Dill Dinkers Pickleball

OtherFranchising since 2023Website
Investment
$178K – $866K
60th pct Other
Avg revenue
50th pct Other
Royalty
Units
23
51st pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $178K – $866K including a $125K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 10 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Dill Dinkers Franchising, LLC
Parent company
Dill Dinkers Holdings, Inc.
Incorporated in
Delaware
HQ
9220 Rumsey Road, Suite 101, Columbia, Maryland 21045
Auditor
Citrin Cooperman & Company, LLP
Audited financials
Franchisor revenue
$269K
vs $1.8M prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Dill Dinkers Pickleball unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $178K–$866K
Working capital
$
FDD reports $25K–$40K

Unlevered ROIC · per unit

19%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$555K
Payback
63 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Franchisees operate indoor/outdoor pickleball facilities offering court rentals, lessons, leagues, and tournaments. Day-to-day operations include court maintenance, staff scheduling, member management, event coordination, and food/beverage service. Revenue derives from hourly court fees, membership packages, instruction fees, and ancillary services.

CEO
William Richards
Founded
2023
FDD year
2025
States available
14

Item 7 · what it costs

The Vitals

Total investment
$178K – $866K
All-in to open one unit
Liquid capital
$25K – $40K
Cash you must have on hand
Franchise fee
$125K
Royalty
n/d
Ad fund
n/d

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
23
Opened
10
Last reporting year
Closed
4
Turnover rate
17.4%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+35.3%
Net unit change last year
2023
23+6
Franchised units
2024
17
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
10
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

51
Risk · 0-100
STRONG51 / 100

High-growth early-stage franchise with opaque unit economics, unprotected territories, and undisclosed royalties presents significant validation and competitive risk.

Score breakdown · what drove the 51 / 100 rating

  1. 01MEDNo Item 19 financial disclosure (average unit revenue and net income not disclosed) — unable to validate ROI claims
  2. 02MEDRoyalty fee not disclosed — unclear ongoing cost structure and franchisor incentive alignment
  3. 03MINORTerritory not protected — franchisees face internal competition and cannibalization risk
  4. 04MINORWide investment range ($178K-$866K) suggests inconsistent unit economics or undefined buildout standards
  5. 05MINORHigh franchise fee ($125K) relative to pickleball market maturity and lack of proven unit economics
  6. 06MINORRapid growth (35.3% YoY) with only 23 units — expansion pace may outpace support infrastructure and market saturation

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based US Census
Protected territory
No
Initial term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
8 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

25 numbers

Locked
(267) 386-••••
PA
(210) 239-••••
TX
(703) 673-••••
VA

One-time purchase · CSV download · Validation questions included

FDD download

Dill Dinkers Pickleball · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above