CiCi’s Pizza Presented By: T.JAMM Consulting Group, Inc. Jeff Younger Mary Carroll Maggie Geary Andy Yauss Troy Osmun Franchisor Background Information “red-hot CiCi’s Pizza Buffet concept” - $3.99 all-you-can-eat Over 550 Restaurants – 90% or 516 are franchised Average opening investment between $404,400 to $646,400 30% cash 4% royalty on Pizza sales CiCi’s Corporate Marketing teams Local Market , TV and radio commercials 11 weeks – 6 Months training http://www.cicispizza.com/cicis/cicis12.html Currents Trends 94% of the population Americans eat roughly 100 acres of pizza each day Around 67% of the population consider pizza with friends a casual social evening adults age 18 - 34, 37% dine out 3 or more times during the week Product/Service Description “One Price, all you can eat buffet” wide selection of pizza fresh ingredients at a low price Each individual store offers a rotating menu of 16 pizza varieties, a choice of hot pasta entrees, salads, and desserts Take-out optional Target Market College students Great value meal and its pizza Families Here year round Entertainment for the kids Residents of outlying areas Visitors to Radford Site Location 1000 East Main Street, Radford, Virginia 24141 Where the Sun Trust is behind Muse Hall CiCi’s requires 4500 sq ft building space Within walking distance for all Radford University students on and off campus. Plenty of parking Marketing Strategy Need to establish the CiCi’s brand in NRV Market the low price and high quality meals offered at CiCi’s Monthly contribution to corporate “general advertising fund” - $2,300 Corporate Marketing Team helps develop: • Television and Radio advertisements • Direct mail advertisements • 4 color print advertisements Marketing Strategy Marketing to Students Large banner facing Main Street Direct mailings, especially to offcampus students Advertise in The Tartan Keep restaurant open later Accept RU Express Marketing to Families Direct mailings Local television advertisements: Commercials would advertise NRV location along with 2 Roanoke locations Network stations During evening news and select primetime shows SWOT Analysis Strengths Weaknesses Cheap “hot and ready” pizza Large selection Option of take out 9th largest pizza chain in the US Reported increased sales and store locations year to year No delivery Perception of low price low qualities Limited selection of food on menu SWOT Analysis Opportunities Highly competitive area for pizzerias Team parties for local children’s sports teams Strong potential for rapid growth Increased awareness and recognition Take away profit from direct competitors Threats Competition with already well established pizza restaurants in Radford More incoming restaurants, increased competition Consumers may opt for delivery services instead of coming and parking Competing with university for students with meal plans Intense competition in the New River Valley Direct Competitors Mike’s Papa John’s Dominos Pizza Hut Italiano’s Valentino’s Sal’s Highlander Pizza Fazzolli’s Back Streets Fire House Gumby’s Pizza Inn Anthony’s Little Cesar’s Frozen pizza Indirect Competitors Chinese Restaurants Mexican Restaurants On campus food service Fast food restaurants Recommendation We recommend that a CiCi’s franchise be located in Radford, Virginia.