Cici’s Franchise Cost, Profit & Failure Rate 2024

Are you willing to invest in a pizza background business? If yes, then your choice is right because the pizza restaurant niche is one of the highest-demand niches in the market.

In this article, we are going to discuss one of the top pizza restaurant franchises that is Cici’s.

We will guide you on how to become a part of CiCi’s pizza franchise and other facts related to its profitability, cost of investment, expenses, and so on. So, let’s begin!

Cici’s Pizza Franchise

About Cici’s 

In 1985, Cici’s Pizza was founded in Plano, TX, by Joe Croce and Mike Cole. They started a restaurant that serves hot, fresh pizza in the ultimate pizza buffet format.

After a few years of establishment, it started offering franchises, and hence it has more than 450 location stores in the USA.

Cici’s Pizza is one of the top 25 highest performing brands in the nation and ranked as the #1 “Casual Dining Pizza Chain for your money) in the USA. Cici’s is a remunerative franchise opportunity for entrepreneurs.

The requirement list of Cici’s is not long as others, it simply requires you to have the investment, and the candidate must have 30% of equity to invest and a credit score of at least 720.

Cici’s also provides some benefits to franchisees, like the training program and marketing and financing support.

The finance support includes third-party finance, not any direct finance option. Moreover, 10% off on the franchise fee as a veteran discount for eligible candidates. 

Cici’s pizza Franchise Model

Cost Or FeesAmount
Initial Investment$94,480 – $144,425
 Area Requirement3000 to 4000+ square feet
 Total Outlet450

Cici’s Pizza Franchise Revenue & Profit

In 2021, Cici’s Pizza made $286,000,000 in 2021 from 299 locations. Based on this, the AUV of single Cici’s outlet comes down to $956,521.

And with an estimated profit margin of 10%-20%, Cici’s Pizza franchise owners make anywhere between $95,652 to $191,304 in annual profits with the average being $143,478.

This is how we calculated this amount:

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%956521.00
Franchise Royalty Fees5.31%(50815.18)
Cost of Goods Sold (COGS)26.56%(254075.89)
Labor (Variable)13.81%(132119.46)
Total (Expenses)85.00%(813042.85)
Net Profit15.00%143478.15

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Training & Support Of Cici’s pizza Franchise

Training & Support Of Cici’s pizza Franchise

Cici’s provides a comprehensive training program to all new franchises. The training program is held at Cici’s support center in Dallas, Texas, or the franchisor’s designated location.

The duration of the training program is around 5 weeks for an experienced candidate, which includes classroom training and in-store training.

Moreover, an additional training program is also available. They also provide different kinds of support to all franchisees to enhance business growth.  

Failure Rate Of Cici’s Pizza

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Franchised outlets:

  • In 2018, the failure rate was (12)/381×100≈3.14%
  • In 2019, the failure rate was (0)/369×100≈0.00%
  • In 2020, the failure rate was (67)/369×100≈18.15%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Company-Owned outlets:

  • In 2018, the failure rate was (0)/48×100≈0.00%
  • In 2019, the failure rate was (22)/48×100≈45.83%
  • In 2020, the failure rate was (19)/26×100≈73.07%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For Total outlets:

  • In 2018, the failure rate was (12)/429×100≈2.79%
  • In 2019, the failure rate was (22)/417×100≈5.27%
  • In 2020, the failure rate was (86)/395×100≈21.77%

According to the above-mentioned data, we can see that the franchised outlets for Cici’s Pizza declined from 2018 to 2020, showing a failure rate between 3.14% and 18.15%.

On the other hand, for company-owned outlets, the failure rate of Cici’s Pizza was lying in the range between 0.00% and 73.07% for the same period of time.

Overall, when we combine the data of franchise and company-owned outlets, we can see that the Cici’s Pizza franchise has declined in the years 2018-2020, showing a total failure rate between 2.79% and 21.77%.

Payback Period Of Cici’s Pizza

With an investment of $850,000 and an estimated 15% profit margin, the yearly profit would be $143,478.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $850,000 / $143,478= 5.9 years

On the basis of the above table, on average, a 15% profit margin it will take approximately 6 years to recoup the amount of investment.

Term & Renewal Of Agreement

The initial term of agreement of Cici’s Pizza Franchise is 10 years. After completing an initial term, the renewal option is available, but they have not disclosed how many times franchisees can renew the term.

However, to renew the term, there are some requirements that franchisees have to fulfill. And renewal will only be possible if a franchise is good in standing and managing the business well. 

Advantage Of Cici’s Pizza Franchise

  • Customized pizza
  • Game room available 
  • Provide training & support
  • Affordable menu
  • Expanded menu
  • Most demanding niche

It is one of the 10 Best Pizza franchises of 2024 that you must own.

For those looking to open a franchise in the pizza industry, possibilities include Papa Murphy’s, Blaze Pizza, Marco’s Pizza, Chicago Pizza, and Little Caesar Franchise.

Cici’s Comparison

CompanyCici’sJet’s Pizza
Founded In19851978
Initial Investment$94,480 – $144,425$437,500-$631,000
Total Outlet450383
Annual Revenue$76.3 Million$331 Million

Frequently Asked Question

How many Cici’s franchises are there?

Cici’s has more than 450 units across the U.S.

Does Cici’s pizza franchise offer finance?

Yes, Cici’s franchisees offer third-party finance.

Where is Cici’s Services headquarters?

The headquarters of Cici’s Pizza is located in Coppell, Texas

Is Cici's a franchise?

Yes, Cici’s is a franchise organization that offers the chance to entrepreneurs to start their own businesses in the food industry.

How much does the Cici's Franchise Cost?

The initial investment required to open Cici’s franchise is $94,480 – $144,425, with a franchise fee of $30,000.

Who owns Cici’s Pizza?

D&G Investors own Cici’s Pizza. It is a new company jointly owned by SSCP Management and Gala Capital Partners.

Who founded Cici’s Pizza?

Cici’s Pizza is an American chain of buffet restaurants. It was founded by Joe Croce and Mike Cole in Plano, Texas.

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