Pickleball franchisor The Picklr filed for Chapter 11 bankruptcy over franchise lease guarantees

What happened: The Picklr, an indoor pickleball chain and franchisor, filed for Chapter 11 bankruptcy over franchise lease guarantees. Key numbers: Valued at $59 million in 2024. Net loss of $4.4 million on $10.3 million in revenue last year. Why it matters: The filing centers on lease guarantees tied to its franchise model, putting the franchisor's obligations to franchisee leases at issue in the restructuring. Coverage: 3 outlets in 24h

The Picklr, an indoor pickleball chain and franchisor, filed for Chapter 11 bankruptcy over franchise lease guarantees.

The filing centers on lease guarantees tied to its franchise model, putting the franchisor's obligations to franchisee leases at issue in the restructuring.