How many Cicis Buffet Restaurants in Georgia were transferred to new owners in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
wners (other than the Franchisor) (Cicis Buffet Restaurants) As of December 31, 2022, December 31, 2023, December 31, 2024**
| State | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, there were 2 transfers of Cicis Buffet Restaurants in Georgia to new owners during the year 2023. This information is based on data compiled as of December 31, 2023.
This indicates the level of franchise resales or changes in ownership within the Cicis system in Georgia. For a prospective franchisee, this could suggest the stability and desirability of existing locations. A higher number of transfers might indicate a more active market for Cicis franchises, while a lower number could imply stability in ownership.
It's important to note that this data only reflects transfers to new owners and does not include instances where the franchisor reacquired the outlet or where the outlet ceased operations for other reasons. Reviewing transfer rates in specific geographic areas like Georgia can provide insights into the local market dynamics and the potential for resale opportunities within the Cicis franchise system.