Did all of the Cicis debtors share the same principal business address?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
U.S. Bankruptcy Court, Northern District of Texas (Dallas) Bankruptcy Petition: 21-30146-sgj11: On January 25, 2021, some of our current and former affiliates, namely, Cici's Holdings, Inc., Awesome Acquisition Company, CAC, CiCi Enterprises, CiCi GP, LLC, CiCi Services, JMC GP, LLC, JMC Restaurant Distribution, LP, and Pizza Parent, LLC, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. All the debtors share our principal business address. On March 3, 2021, the court approved the debtors' and creditors' pre-packaged Plan of Reorganization, and March 10, 2021, CiCi Enterprises emerged from bankruptcy. On July 2, 2021, the bankruptcy cases against all the petitioners except Pizza Parent, LLC were closed. On August 30, 2024, the case was closed against Pizza Parent, LLC.
Source: Item 4 — BANKRUPTCY (FDD page 11)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, certain current and former affiliates filed for bankruptcy on January 25, 2021. These included Cici's Holdings, Inc., Awesome Acquisition Company, CAC, CiCi Enterprises, CiCi GP, LLC, CiCi Services, JMC GP, LLC, JMC Restaurant Distribution, LP, and Pizza Parent, LLC. The document explicitly states that all of these debtors shared the same principal business address as Cicis.
This detail is significant for prospective franchisees as it provides insight into the financial history and corporate structure of Cicis. Understanding that several affiliated entities underwent bankruptcy proceedings can prompt further due diligence into the current financial health and stability of the Cicis organization.
While the bankruptcy filings occurred in 2021 and the cases were mostly closed by July 2, 2021, with the final case closing on August 30, 2024, it is prudent for potential franchisees to investigate the reasons behind the bankruptcies and the potential impact on the franchise system. This information can help in assessing the risks and opportunities associated with investing in a Cicis franchise.