At a Glance
Products & Services: Specialty ham and turkey store/cafe
Number of Locations: 418
Total Investment: $281.8K - $431.9K
Began Franchising: 1998
About The HoneyBaked Ham Co. & CafeAfter inventing the spiral slicer, Harry Hoenselaar founded The HoneyBaked Ham Co. and Cafe in 1957. Family-owned and operated for three generations, the company has more than 300 locations in the United States. Incorporated in 1974, the Atlanta-based company has a catalog division, corporate sales businesses and a temporary holiday store system. The company purchased The Hickory Ham Co. and its 40 franchise stores.
In addition to its sweetly glazed ham, the company offers HoneyBaked turkey breast, side dishes, cheesecake, key lime pie and sandwiches. HoneyBaked Ham offers a corporate gift-giving program, employee recognition options, and catered meals for holidays and business functions.
Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, North Dakota, Northeast, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, West, Washington, Wisconsin, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: 5-6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $10,000 off franchise fee
Financial RequirementsNet Worth: $350,000
Liquid Cash Available: $100,000 - $150,000
Operations25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 7 - 10. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|
How This Franchise Supports Franchisees
- Franchise Players: How This Entrepreneur From a Franchising Family Chose to Open Her Own Signarama
- Franchise Players: Why This Serial Entrepreneur Became a Johnny Rockets Franchisee
- 6 Essential Traits of Successful Entrepreneurs
- Chicken Craze Continues as Wingstop Plans IPO
- Dunkin' Brands: Hitting 2014 Sales Goals Won't Be Easy