Six of seven company-owned Spicy Pickle sandwich shops in the metro area closed abruptly Feb. 6 after the company defaulted on roughly $4.76 million in loans, according to SEC documents.
At least seven Spicy Pickle restaurants remain open in Colorado.
Assets of the six closed stores – furnishings, fixtures and equipment – will be put up for auction at 10 a.m. Feb. 21 at the offices of Davis Graham & Stubbs in Denver so that the lenders can recover some of their losses from the defaulted loans.