Mici Handcrafted Italian
Bottom line
- Total investment $244K – $587K including a $45K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.3M/year (median $1.2M). Estimated payback in 2.0 years.
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Mici Handcrafted Italian unit return on the cash you put in?
Unlevered ROIC · per unit
43%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Mici Handcrafted Italian units return on equity?
Equity IRR · 5-yr
48.6%
7.25× MOIC
Year-1 DSCR
1.90×
EBITDA ÷ debt service
Equity required
$2.1M
on $10.2M purchase
Total debt
$8.1M
SBA $5.0M + senior + seller note
Overview
About
Mici franchisees operate upscale Italian casual-dining restaurants featuring handcrafted pasta, wood-fired pizzas, and Italian wines. Day-to-day operations include managing kitchen staff and food preparation quality, overseeing front-of-house service, maintaining inventory of specialty ingredients, and executing regional marketing while adhering to the brand's artisanal positioning.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Mici presents moderate-to-cautionary risk due to micro-system scale, unclear growth prospects, and lack of transparent unit-level financial data despite healthy average metrics.
Score breakdown · what drove the 54 / 100 rating
- 01MINOROnly 7 units systemwide with unknown/stagnant growth trajectory raises expansion viability concerns
- 02MINORHigh investment range ($244K-$587K) paired with modest average net income ($207K) yields 16% ROI at best, creating extended payback period
- 03MEDNo Item 19 financial performance representations disclosed, making it impossible to verify if average unit economics apply across all locations
- 04HIGHAbsence of disclosed litigation combined with 'going concern' status suggests potential undisclosed operational or financial issues
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
5 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Mici Handcrafted Italian · FDD (2022) PDF