Buying a Cicis Pizza franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Cicis Pizza (classified mostly as Limited-Service Restaurants), totaling $3.2M. The median loan was $413,100, 36% lower than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Cicis Pizza resale loans landed between $315,850 and $507,400.
- Lender experience exists. BancFirst alone has financed 4 Cicis Pizza resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Cicis Pizza resale
The median SBA 7(a) loan for a Cicis Pizza resale was $413,100 across 7 loans (FY2018 to FY2026). BancFirst, Prosperity Bank and Midwest Regional Bank have financed the most Cicis Pizza resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Cicis Pizza acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $378K | $377,900 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $254K | $253,800 | |
| FY2021 | 1 | $982K | $981,600 | |
| FY2022 | 1 | $180K | $180,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $1.4M | $422,300 |
How often do these acquisition loans fail?
Fewer than 20 Cicis Pizza acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Lenders financing Cicis Pizza resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BancFirst | 4 | 57.1% | $1.6M | |
| 2 | Prosperity Bank | 1 | 14.3% | $982K | |
| 3 | Midwest Regional Bank | 1 | 14.3% | $378K | |
| 4 | Truist Bank | 1 | 14.3% | $254K |
States where Cicis Pizza units are bought
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How lenders classify Cicis Pizza
Lenders code each loan to a NAICS industry. For Cicis Pizza the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 4 | 57.1% | $1.8M | |
| 2 | Cafeterias, Grill Buffets, and Buffets | 3 | 42.9% | $1.4M |
Questions buyers ask
How much do buyers borrow to buy a Cicis Pizza franchise?
The median SBA 7(a) loan for a Cicis Pizza resale was $413,100 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $315,850 to $507,400. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Cicis Pizza acquisitions?
BancFirst has made the most SBA acquisition loans for Cicis Pizza (4, 57% of the total). Prosperity Bank, Midwest Regional Bank, Truist Bank follow.
What interest rate and term do Cicis Pizza acquisition loans carry?
The average initial rate at approval was 6.60% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Cicis Pizza resale riskier than other SBA-financed acquisitions?
Too few Cicis Pizza acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Cicis Pizza units being bought with SBA loans?
Texas (3), Missouri (1), Florida (1), Virginia (1), Oklahoma (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Limited-Service Restaurants acquisitions
- Texas acquisitions
- Missouri acquisitions
- Florida acquisitions
- BancFirst
- Prosperity Bank
- Midwest Regional Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Cicis Pizza" (franchise code S0379). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.