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MidiCi Group

MidiCi Group

Franchising since 2015 · 35 locations

The total investment to open a MidiCi Group franchise ranges from $500,000 - $775,000. MidiCi Group currently operates 35 locations (35 franchised). PeerSense FPI health score: 30/100.

Investment

$500,000 - $775,000

Total Units

35

35 franchised

FPI Score
High
30

Proprietary PeerSense metric

Limited
Capital Partners
21lenders available

Active capital sources verified for MidiCi Group financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Established (25-99 loans)

High Confidence
30out of 100
Limited

SBA Lending Performance

SBA Default Rate

16.2%

6 of 37 loans charged off

SBA Loans

37

Total Volume

$26.6M

Active Lenders

21

States

18

Top SBA Lenders for MidiCi Group

What is the MidiCi Group franchise?

The Midici Group franchise presents a compelling narrative rooted in a rich history of culinary innovation and family enterprise, marking its foundation in 1957 in Detroit, Michigan. The vision of Harry J. Hoenselaar, the company’s founder, centered on a revolutionary approach to food preparation, highlighted by his patented spiral-slicing machine developed in 1949. This groundbreaking invention, combined with proprietary curing and cooking methods and a distinctive sweet glaze, established the cornerstone for the brand's iconic product offerings. The expansion into franchising commenced in 1998, a strategic move that saw The Midici Group franchise initially integrate with the Hickory Ham Company. This early growth was further solidified in 2002 through the acquisition of Heavenly Ham Co., significantly bolstering its national footprint by adding 190 stores across 39 states, thereby escalating the franchised unit count to approximately 200 locations by that same year. Despite this extensive historical growth outlined in its corporate documentation, the Midici Group franchise currently operates with 29 total units as of the most recent data available, a distinct figure that underscores its current operational scale within the broader context of its storied past and ambitious future plans. The company maintains its status as a family-owned business, with its corporate headquarters strategically positioned in Alpharetta, Georgia. Leadership continuity is exemplified by Linda van Rees, Harry Hoenselaar's granddaughter, who serves as a board member and previously held the chairmanship, having assumed the role from her father in the early 1990s. Jim Dinkins took the helm as CEO in

FPI Score

30/100

SBA Default Rate

16.2%

Active Lenders

21

Key Highlights

Data Insights

Key performance metrics for MidiCi Group based on SBA lending data

SBA Default Rate

16.2%

6 of 37 loans charged off

SBA Loan Volume

37 loans

Across 21 lenders

Lender Diversity

21 lenders

Avg 1.8 loans per lender

Investment Tier

Significant investment

$500,000 – $775,000 total

Payment Estimator

Loan Amount$400K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$5,176

Principal & Interest only

Locations

MidiCi Groupunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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MidiCi Group