At 1.1 Million SqFt, This Regional Mall Is One Of Southern Colorado’s Largest Retail Centers
Colorado Springs , CO
Asking Price: $39,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $4,181
Lease Expiration: 02/2023
Options: Three 5-Year Options
Year Established: 2009
Owner Operated: Yes
Seller Financing: No
Food Type: Buffet, Pizza Place
Service Type: Fast Food
Business Type: Franchise
Sale Type: Asset Sale

Description:

A self-serve buffet featuring a wide variety of different pizzas. In addition to pasta, chicken wings, warm soup, salad bar, plus oven-baked desserts. Also bottled & fountain drinks and fresh brewed iced tea.

Pizzas are available in traditional, deep dish, pan, stuffed crust or flatbread. There's also cheesy bread. Cappavilla pasta with marinara or alfredo sauce. Salad bar offers a wide variety of fresh ingredients and delicious dressings as well as pasta salad. Crisp chicken wings and new boneless wings in 4 popular flavors. Desserts include brownies, cinnamon rolls and dessert pizzas.

And now offering family packs and party packs to-go!

Simple operation - counter service. Dine-in, takeout, curbside pickup and catering. Serving lunch and dinner. Kids game room - a real $$ maker, you keep 100% of the money. Free Wi-Fi. Rewards program with app, email and text.

Spacious dining room. Ample seating. Lots of space available to host group events, meetings, school/sports teams and parties.

Well established location for over 13 years. Can keep it a Cicis or rebrand!

Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://cicis.com
County: El Paso
Location:

Prime retail space in Citadel Commons Shopping Center, a busy shopping center shadow anchored by a Walmart Supercenter near The Citadel mall which is one of Southern Colorado’s largest retail centers. At 1.1 million square feet, this regional mall is home to Dillard’s, JCPenney, Burlington Coat Factory and Sportsman’s Warehouse, as well as a collection of 130 specialty shops and boutiques.

This popular pizza buffet is also perfectly situated on one of the major thoroughfares in the city, just minutes from downtown. In a shopping center with great visibility and access with 2 lighted intersections and high traffic counts of over 51,000 vehicles per day. Located in a densely populated area of 122,000 households within a 3-mile radius.

Real Estate: Leased
Facilities:

Lease Information: Leased space $4,181/mth gross (also includes garbage). Current lease expires in Feb 2023 with three 5-year options. Square Feet: 4,000. Seating: 170. Days/Hrs of Operation: Su-Th 11a-10p & Fr-Sa 11a-11p.

Number of Employees: 15
Support/Training: Three weeks on-site comprehensive training + two-day Discovery Day in Texas.
Value of FF&E: Included In Asking Price
Value of Inventory: Not Included in Asking
Competition:

America's favorite family pizza franchise. Pizza served hot ‘n fresh right out of the oven. Use only 100% real cheese. Their dough and desserts are made from scratch every day in every store. A price leader in offering the best custom pizza, pasta, soup, salad and dessert buffet in communities across the country.

Fun, family friendly restaurant. Known for being the best kid-friendly restaurant with quick service, has something for everyone. Great place for birthday parties, team gatherings and family celebrations. Also, a top destination for post-event meals for school sports, academic and performance groups.

Recent Accolades: 2018 Nation’s Restaurant News - recognized among its Top 200 Restaurant Chains. 2017 Entrepreneur Magazine - ranked #1 in the Buffet Restaurant Category. 2017 Restaurant Business Online - ranked #1 in 10 most craveable pizza chain category. 2014 Techonomic Consumer Choice - award for best kid-friendly service restaurant. 2012 Market Force Survey - voted America's favorite pizza chain.

Also, ranked by CNN Money as the No. 1 “Casual Dining Pizza Chain (for your money) in America.” Been recently named by Technomic as the No. 2 “Most Kid-Friendly franchise as voted by Millennial Moms.” And both Zagat and Parents magazines listed the brand as a Top Family-friendly Restaurant. In addition, G.I. Jobs recognized the chain as a Military-Friendly Franchise and Entrepreneur named it to its Franchise 500 list.

Growth and Expansion:

First restaurant opened in Plano, TX in 1985. Currently operating over 450 pizza restaurants in 32 states. Constantly expanding their menu with new food offerings. And is currently growing its national footprint - by 2021 the concept plans to have almost 500 locations.

This is a great time to join this popular pizza franchise. With limited direct competitors and 4 distinct revenue streams, the brand is confident in its ability to support their current franchisees and attract a new generation of franchise partners as the concept continues to evolve. Because in today's economic climate, more consumers are seeking affordable and convenient restaurants, making this a valuable investment!

Seller Financing Available: No
Reason For Selling: Other interests.