Why Did Cici’s Pizza Close?

Did Cicis pizza go out of business?

Cicis Pizza emerged from bankruptcy protection this week, less than two months after it declared Chapter 11, with new owners and a hope that consumers will return to the dine-in service in which it specialized before the pandemic. The Irving, Tex. -based chain was sold to D&G Investors in a credit deal.

Why is Cicis closing?

Cici’s files for bankruptcy as pandemic accelerates the decline of the all-you-can-eat buffet. Cici’s has filed for Chapter 11 bankruptcy protection and announced its sale to D&G Investors. The coronavirus pandemic has accelerated the downfall of all-you-can-eat buffets.

What happened Cici’s Pizza?

The brand sold itself to lender D&G Investors. The 318-unit pizza chain agreed to sell itself to D&G Investors as part of a pre-packaged and expedited bankruptcy process. The move came after D&G acquired $81.6 million in debt from Cicis previous lenders.

Is Cicis closing forever?

This beloved buffet chain is closing permanently due to the COVID-19 health crisis. But, in the end, said it just wasn’t feasible for a company which prides itself on offering all-you-can-eat dining experiences. Related: Will coronavirus kill off restaurants like Golden Corral, Old Country Buffet and Cicis?

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Is Cicis pizza good?

The pizza is mediocre at best but the desserts are good and it’s super cheap and a lot of food for the family to eat. I personally love it because of the memories I have there with my family. If you want quality pizza look elsewhere. Cici’s is where you go to learn an appreciation for Ellio’s.

Is Cicis still a buffet?

Per the Cici’s Pizza coronavirus response statement, the chain will no longer be a self-serve buffet. Instead, servers will hand you your food—but you can still get back in line as many times as you want.

Does Cicis still have pasta?

At Cicis Unlimited Pizza Buffet, you can have it all – including our delicious sides. Craving pasta with your pizza? At Cicis Unlimited Pizza Buffet, you can have it all – including our delicious sides.

Is CiCi’s Pizza challenge real?

The 2019 Cicis Pizza Challenge was a huge success thanks to everyone who attempted to eat their way through a 28-inch Pizza and a 32 oz Drink in one hour or less. Here’s a quick recap: We had 36 team compete in 8 different cities. Of those, only 6 team completed The Challenge.

How much is a CiCi’s franchise?

Cici’s Pizza Franchise fee is $30,000 (and $25,00 for each subsequent restaurant), although the total initial investment ranges from $446,000 to $715,000. Franchisees must allocate 4-6% of their net sales (depending on the rate of profitability of the store) to an ongoing royalty fee.

How much debt is Cici’s Pizza in?

D&G Investors has $82M in debt from Cici’s previous lenders The Plano, Texas-based pizzeria filed for Chapter 11 bankruptcy on Monday and will sell itself to D&G Investors, Restaurant Business reported. D&G acquired $82 million in debt from Cici’s previous lenders last month.

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Who started Cici pizza?

Joe Croce Mike Cole CiCi’s Pizza / Cicis was founded in 1985 by Joe Croce and Mike Cole in Plano, Texas. In 2001, with 363 restaurants at the time, the chain expanded its buffet offerings and began remodeling restaurants. Four years later, Cicis had more than 500 locations, and was the fastest-growing pizza chain in the United States.

Are Golden Corral restaurants closing permanently?

Sixteen of the buffet restaurants have been permanently shuttered, according to a statement from the company, while two that were temporarily closed are expected to be reopened. Golden Corral initially closed all 35 company-operated restaurants in the 490-store chain.

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