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Spicy Pickle Franchising, Inc. (OTCBB: SPKL) report released by Waterville Research

Spicy Pickle system wide restaurant sales are approximately $24,000,000. The Company expects approximately 10-13 restaurants opening through the second half of 2009. The Spicy Pickle promise is, “To give you a reason to come back."

 



(EMAILWIRE.COM, April 15, 2009 ) New York, NY - Spicy Pickle Franchising, Inc. (OTCBB: SPKL) was founded by two chefs in Colorado who developed a core culinary inspired menu of great tasting hot and cold sandwiches that separates Spicy Pickle from its competitors. Spicy Pickle is a “Fast Casual” restaurant concept designed to appeal primarily to a daytime population of white collar administrative, managerial and professional people, college students and university personnel, and higher median income families looking for healthy, tasteful and fast meal alternatives. Spicy Pickle serves high quality meats and fine artisan breads, baked fresh daily from scratch, along with a wide choice of eight different cheeses, twenty-two different toppings, and fourteen proprietary spreads to create healthy and delicious panini and sub sandwiches with flavors from around the world. Spicy Pickle meats, poultry and cheeses are preservative free and contain no MSG, additives, fillers or articial flavors. As a leading "fast-casual" concept, Spicy Pickle offers menu items that are far beyond traditional fast food but without the price point of casual dining. The hallmark of a Spicy Pickle restaurant is quality food, fine service and an enjoyable atmosphere. Headquartered in Denver, the Company operates 7 corporate Spicy Pickle restaurants and has 32 franchise restaurants of Spicy Pickle in 12 states and is the franchisor to 12 Bread Garden restaurants in the greater Vancouver area. The average sales at each Spicy Pickle are $450,000+ and Bread Garden is $600,000+. With the Bread Garden acquisition the Company, either corporately or franchised has a total of 50 restaurants. The Company believes it needs system-wide sales of approximately $35,000,000 to $40,000,000 to meet break even at the overhead needed to operate a chain of that size and ratio of corporate owned to franchised restaurants.

http://www.watervilleresearch.com/spicy-pickle-franchising-inc/

Contact Information:
Waterville Research
Michael Sweeney
Tel: 212 828 7373
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Press Release Keywords:

Stocks, Franchising, Fast Casual. Restaurant

Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International

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