Cicis Pizza, Profitable, Needs Hands - On Operator
Industry: Food and Beverage > Other Food and Beverage
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established CiCis Pizza franchises located in the Kansas City Metro area. CiCis features an all-you-can-eat, affordably-priced buffet featuring pizza, pasta, salad, and dessert. The seller has 2 stores located within a 12 mile radius circle (1 in Kansas and 1 in Missouri). The seller acquired the 2 locations on January 31, 2008 and has been operating remotely from Texas since that time. The stores are profitable, stable and have significant opportunities for further improvement. The seller is offering the 2 stores individually or discounted as a package. The seller's operating partner also owns 6 CiCis in the Dallas-Fort Worth, Texas market. The seller also has an experienced, trained District Manager in Kansas who is willing to remain. An owner-operator can expect to significantly increase sales and profitability. The price for this single store price is $225,000 and includes inventory at cost of $7,000, accounts receivables of $7,000 and FFE (Furniture, Fixtures and Equipment) valued at $133,000. A purchaser will need to assume EcoLab dishwasher leases with each location. The purchaser is responsible for any franchise transfer fees (estimated at $5k/store) and remodeling to current franchise standards. In 2007, Worldwide ERC and Primary Relocation recognized Kansas City third overall as one of the ''Best Cities for Relocating Families'' in the United States. Also in 2010, Money Magazine rated Overland Park,Kansas, the 7th best city to live in the United States.
Asking Price Range: < $250K
Cash Flow Type: EBITDA
Seller Financing: Yes
About The Business
Year Established: 2004
Number of Employees: 20 - 34
Relocatable: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: CiCs Franchise Designated Operator Training is 8 weeks incl 4 in Dallas Training Store, 1 Certification in Dallas Training Store, 1 GM Degree, 2 New Restaurant Opening Experience. Additionally, seller will train a buyer for 2 weeks included in the purchase price and provide ongoing telephone support.
Reason For Selling: Seller is out of state and wishes to reduce travel.
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Print Listing Id: 700172754