Cici’s Pizza Franchise fee is $30,000 (and $25,00 for each subsequent restaurant), although the total initial investment ranges from $446,000 to $715,000. Franchisees must allocate 4-6% of their net sales (depending on the rate of profitability of the store) to an ongoing royalty fee.
Is cici's pizza a good franchise?
Entrepreneur Magazine ranked CiCi’s as the top brand in the Italian restaurant franchise category & the Wall Street Journal’s Guide for Entrepreneurs ranked CiCi’s as one of the top 25 highest performing Brands in the nation.
How much does it cost to get into cici's pizza? Pricing is aggressive. Both CiCi’s we visited had the same adult pizza buffet price of $5.49 and fountain drink for $1.89 (for kids 10 and under, it’s $3.49 for the buffet, $1.39 for the drink).
How much money does cici's pizza make a year?
CiCi’s Pizza Salaries in the United States
How do I open a Papa John's franchise?
In order to open a Papa John’s restaurant, potential franchisees must have at least $250,000 in net worth, access to liquid assets of at least $75,000, and the ability to obtain financing of up to $275,000. The company also charges a one-time franchise fee of $25,000 for new restaurants.
How much is a Starbucks franchise?
Starbucks is not a franchise, so no hope for your own coffee shop. But there is still possibility for Licensed shop, which means your store is owned by Starbucks. Starbucks Franchise Costs for opening one Starbucks licensed store is roughly $315,000.
How much does a Subway franchise cost?
Subway is one of the cheapest major fast-food restaurants to franchise. Subway’s fee for becoming a franchisee is $15,000 and startup costs, which include construction and equipment leasing expenses, range from $105,800 to $393,600, according to the company.
What does it cost to buy a Mcdonalds franchise?
McDonald’s Franchise Cost / Initial Investment / Income Most McDonald’s owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald’s franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
How Much Is a Little Caesars franchise?
Little Caesars estimates that startup costs are between $193,050 to $619,500. A new owner needs to have a net worth of $150,000, at least $50,000 in cash, and be able to obtain financing to cover the remaining costs. Franchisees took out 103 SBA-backed loans and only one loan failed.
How does CiCi's Pizza work?
For those of you that don’t know, Cici’s Pizza is a pizza buffet joint with a salad bar, tons of pizza, desserts, and soup. You can eat as much as you want for $4.99. I had a coupon for a free adult buffet, so the GF and I got to eat there for $2.50 a piece.
What are franchise opportunities?
Franchises are licenses offered by a company (the franchisor) that allows a third party (the franchisee) to conduct business using the franchisor’s business model and brand name.
Who is the founder of CiCi's Pizza?
Joe Croce Mike Cole
Where is the original CiCi's Pizza?
Plano, Texas, United States Vallejo, California, United States
Why is CiCi's pizza so cheap?
A buffet cuts costs a couple of ways. As far as Cici’s, pizza, salads, and pasta is cheap to make, and filling when eaten, so less food costs. 2/3 of the cost of a restaurant is labor and food costs. If you cut that down to under 1/2, then can charge less and still make a profit.
Is CiCi pizza bad for you?
One slice of CiCi’s cheese pizza contains 100 calories. There are 4.5 grams of total fat, 2.5 of which are saturated fat, and 190 mg of sodium. Occasionally, eating one slice of pizza and one small cinnamon roll is unlikely to adversely affect your health—though it is a small portion for a pizza buffet!