When the firstSpicy Pickle
opened at 988 Lincoln Street in 1999, it quickly drew faithful fans with its hearty sandwiches -- always accompanied by a homemade pickle. That early rush fueled lots of dreams, dreams of the kind of success that other homegrown chains, most notablyChipotle
, which started in an East Evans storefront in 1992, had enjoyed. So the partners who'd started the Pickle brought in new personnel and new investors to push an expansion that ultimately moved into nine states, with almost two dozen franchised stores. But that all came crashing down when the company defaulted on almost $5 million in loans on February 2, then closed six of the seven company-owned stores on February 6.
Yesterday the assets of the company were auctioned off, and Cibus Holdings, the largest creditor, wound up the holding the Pickle. No matter what happens next -- and Cibus will likely take over running the chain, Penny Parker reports in the Denver Post, it's a sad end to a promising start.
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The only thing that mattered to me is that Spicy Pickle used to have the best sandwiches in Denver and they became mediocre almost overnight. A shame for sandwich lovers as well as for all the employees who are out jobs.
Yesterday Laura Shunk served up some of the lessons that would-be entrepreneurs could learn from the ">Colorado-based chains -- good and bad. But Kevin Morrison, one of the Spicy Pickle's founders who left in 2009 when he didn't like the way the company was heading, put it best: "When you have people who aren't businesspeople or restaurant people trying to run a restaurant company, the writing's on the wall."
Can the Spicy Pickle be saved?