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.
$500,000 - $775,000
35
35 franchised
Proprietary PeerSense metric
LimitedActive 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)
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
Franchise Financing Resources
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
Estimated Monthly Payment
$5,176
Principal & Interest only
Locations
MidiCi Group — unit breakdown
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