Multi-Unit Franchisee Magazine 2012 Buyer's Guide | Page 34

MULTI-UNIT Buyer’s Guide FOOD Demographics CiCi’s Pizza is positioned to grow in targeted markets across the country and is seeking multi-unit operators that have an entrepreneurial spirit and a passion for community involvement and the families we serve. Well-defined commercial areas with high exposure and a strong employment base preferred. OPPORTUNITY Description CiCi’s Pizza is dedicated to delivering a fresh, affordable, custom pizza buffet at its more than 550 restaurants across the country. With no other significant direct competitors in the pizza buffet segment, CiCi’s Pizza serves over 80 million guests and produces more than 75 million pizzas per year. Franchisees benefit from a 2-to-1 salesto-investment ratio, which demonstrates a predictable and measurable investment opportunity. Average new restaurant sales volumes in 2011 were between $950,000 - $1 million. SITE LOCATION Fast Franchise Facts Franchising Since: 1988 Multi-Unit Franchisee Operating Units: 219 Franchisees – 110 or 50.2% own multiple units. 11% own 5+ Total Franchise Operating Units: 561 Company Operating Units: 11 Capital Investment: $461,343-$714,912, *AVG $490,000 Franchise Fee (per unit): $30,000 Royalty Fee (per unit): 4% + (see FDD for additional information) Advertising Fee (per unit): Greater of $2,300 or 3% of net sales% Earnings Claims: Yes Build-Out Options: Inline, Freestanding, Malls, Airports Assistance Available Territories: Western U.S, Southern U.S, Southeast, Mid Atlantic, and Northeast CiCi’s Pizza is dedicated to the culture of serving franchisees. From inquiry to opening, the brand’s seasoned executives provide unparalleled assistance including experienced site selection and construction support, as well as a complete guide to ownership. *Net of Tenant Allowance. Contact Bruce Evans | Vice President of Franchise Development (972) 745-9318 [email protected] www.cicispizza.com Qualifications At CiCi’s Pizza, culture is key. Ideal candidates should have an entrepreneurial spirit, strong financial background and possess multi-unit or multibrand experience. Single-unit opportunities are available based on market preference. Candidates are required to demonstrate a minimum of $250,000 in liquid capital, a net worth of $750,000 per unit, and a credit score of 700+. Rankings & Awards Zagat’s most child-friendly fast-food chains. First in category Entrepreneur Franchise 500. Inc. Top 5,000. Parent’s top family-friendly restaurants. #1 sales and unit growth among pizza chains in Nation’s Restaurant News. 32 MULTI-UNIT BUYER’S GUIDE 2012