Diligence memo · auto-generated · as of July 2, 2026
Spicy Pickle Franchising Inc
Spicy Pickle Franchising Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Spicy Pickle Franchising Inc operates in Restaurants, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spicy Pickle Franchising Inc has raised $6.7M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.6M on 2009-09-22.
Most recent recorded round closed around 2009-09-22.
Valuation (modeled)modeled
Provath models Spicy Pickle Franchising Inc at approximately $13M (range $5.3M–$72M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.84× the median modeled value of Series A Restaurants companies in 2007–2009 (14 peers) — value vs value, same stage and era. Within the normal band (84% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 16.8 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 88% of Restaurants peers (2292 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: Grill Concepts Inc, P&MC's Holding LLC, Restaurant Technologies Inc, Five Guys Holdings, Inc., Monument Restaurants V Llc.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.