What was the net change in the number of company-owned Cicis Buffet Restaurants during the year 2022?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the | Outlets at the | Net |
|---|---|---|---|---|
| Start of the Year | End of the Year | Change | ||
| Franchised Cicis Buffet | 2022 | 278 | 259 | -19 |
| Restaurants | 2023 | 259 | 255 | -4 |
| 2024 | 255 | 245 | -10 | |
| Company Owned Cicis | 2022 | 7 | 14 | +7 |
| Buffet Restaurants | 2023 | 14 | 18 | +4 |
| 2024 | 18 | 19 | +1 | |
| Total Outlets | 2022 | 285 | 273 | -12 |
| 2023 | 273 | 273 | 0 | |
| 2024 | 273 | 264 | -9 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the net change in the number of company-owned Cicis Buffet Restaurants during 2022 was an increase of 7 locations. At the start of 2022, there were 7 company-owned Cicis Buffet Restaurants, and by the end of the year, this number had increased to 14. This indicates a positive growth trend in company-owned restaurants during that period.
For a prospective franchisee, this information provides insight into the growth strategy of Cicis. The increase in company-owned locations could suggest that Cicis is investing in its own operations, which might reflect confidence in the brand's profitability and potential. It is also worth noting that while company-owned stores increased, the number of franchised Cicis Buffet Restaurants decreased by 19 during the same year, from 278 to 259.
This difference in growth trends between franchised and company-owned locations may prompt further investigation by potential franchisees. Understanding the reasons behind these changes, such as market strategies or franchisee performance, could be crucial in making an informed investment decision. It would be beneficial to discuss these trends with the franchisor to gain a deeper understanding of their long-term vision for both company-owned and franchised locations.
Overall, the data suggests a dynamic shift in Cicis's operational structure, with a notable expansion of company-owned buffet restaurants alongside a contraction in the number of franchised buffet restaurants. This information is valuable for prospective franchisees as they evaluate the strategic direction and potential opportunities within the Cicis franchise system.