Bottom line
- Total investment $1.3M – $2.1M including a $60K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $1.1M).
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 20 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 24 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
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 THE PICKLR unit return on the cash you put in?
Unlevered ROIC · per unit
9%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 THE PICKLR units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.5M
on $7.7M purchase
Total debt
$6.2M
SBA $3.9M + senior + seller note
Overview
About
THE PICKLR franchisees operate casual dining or QSR establishments focused on pickleball-themed food/beverage service, likely combining sports entertainment venue management with food preparation and customer service. Daily operations involve managing court reservations, food ordering/preparation, inventory, staff scheduling, and venue maintenance while potentially hosting leagues or tournaments.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 31 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).
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Explosive but unverified growth, razor-thin unit profitability, and absence of financial disclosures present significant risk for prospective franchisees despite no litigation history.
Score breakdown · what drove the 54 / 100 rating
- 01MINORExtreme unit growth (2100% YoY) suggests either unreliable historical data or unsustainable expansion that may indicate quality control and support issues
- 02MINORNet income of $22.93 is extraordinarily low relative to $1.1M average revenue (2.08% net margin) — raises serious questions about unit economics and profitability claims
- 03MEDNo Item 19 (Financial Performance Representation) disclosed despite aggressive franchisee recruitment, making revenue/profit claims unverifiable
- 04HIGHGoing Concern flag is FALSE but unusually emphasized — suggests franchisor may have had going concern issues that are now resolved but warrant investigation
- 05MINORHigh royalty rate (7%) combined with minimal net margins creates cash flow risk for franchisees, especially early in operation
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
41 numbers
One-time purchase · CSV download · Validation questions included
FDD download
THE PICKLR · FDD (2025) PDF