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Description

How To Open a HoneyBaked Ham Franchise?

To start a HoneyBaked Ham franchise, you will need to fill out a franchise application and undergo a review process. This includes an initial phone call with a HoneyBaked Ham representative, followed by interviews and potential site visits. If successful, you'll be invited to a discovery day where you can meet existing franchisees and company executives. After this, you will negotiate the terms of your Franchise Agreement, which allows you to operate a store specializing in the sale of specialty hams, turkeys, and related products.

What Are the Investment Requirements for a HoneyBaked Ham Franchise?

The total investment necessary to open a HoneyBaked Store ranges from $448,600 to $858,900. This includes an initial franchise fee, which is between $52,700 and $58,100. Additionally, if you enter into an Area Development Agreement, a Development Fee of $15,000 is required for each store you agree to develop.

Why You May Want to Start a HoneyBaked Ham Franchise?

HoneyBaked Ham has a reputation for selling high-quality, spiral-sliced glazed hams and related products, making it a popular choice among consumers. If you are passionate about food and customer service, this franchise could be a great fit. The company provides comprehensive training and ongoing support, ensuring that franchisees are well-equipped to run their stores successfully. With a focus on quality and customer satisfaction, being part of the HoneyBaked Ham franchise can be a rewarding business venture.

Is Owning a HoneyBaked Ham Franchise the Right Move for You?

The HoneyBaked Ham franchise system is well-established, having been in operation since 1998. With over 200 locations, there is a proven demand for their products. However, it's important to consider the competitive landscape, as franchisees may face competition from other outlets, including those owned by the company. If you are committed to maintaining high standards and building a loyal customer base, a HoneyBaked Ham franchise could be a fulfilling opportunity.

HoneyBaked Ham Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Restaurant Franchises
A more specific division within the broader industry.

Category

Quick-Service Restaurants
Available financing options to help start the franchise.

Funding Year

1998
The main organization that owns the franchise brand.

Parent Company

The Honey Baked Ham Co. LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Linda VanRees
The official business address of the franchisor’s headquarters.

Corporate Address

3875 Mansell Road, Alpharetta, Georgia 30022-1532
The total amount required to launch the franchise.

Initial Investment

$448,600 - $858,900
The initial fee paid to join the franchise system.

Franchise Fee

$15,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

6%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

3.25%
The minimum liquid capital you must have on hand.

Cash Required

$448,600 - $858,900
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$500,000 - $1,000,000
The typical yearly revenue generated per franchise location.

Average Revenue

$951,245
The middle value of yearly revenue among franchise locations.

Median Revenue

$880,776
The smallest reported annual revenue among franchisees.

Lowest Revenue

$274,646
The largest reported annual revenue among franchisees.

Highest Revenue

$2,764,727
The estimated timeframe to recover your initial costs.

Breakeven Time

18 Months
The estimated period to recoup your total investment.

Investment Payback

12 Months

HoneyBaked Ham Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

439
The number of locations owned by independent franchisees.

Franchised Units

209
The number of locations owned and run by the franchisor.

Corporate Units

230
Units 2021 2022 2023
Total Units 409 440 439
Net Change YoY 31 -1
Franchised Units 209 215 209
Net Change YoY 6 -6
Corporate Units 200 225 230
Net Change YoY 25 5

Company Background

HoneyBaked Ham Company is a well-established franchise chain founded in 1957, specializing in premium spiral-sliced hams and other delicious food offerings. Known for its signature honey glaze and high-quality meats, HoneyBaked Ham has become a staple for holidays, special occasions, and casual meals alike. With over 400 locations across the United States, the brand combines traditional recipes with a commitment to customer satisfaction, earning a loyal customer base nationwide.

Franchise Opportunity

Investing in a HoneyBaked Ham franchise presents a unique opportunity for entrepreneurs looking to enter the food service industry. With a recognized brand and a proven business model, franchisees benefit from comprehensive training, ongoing support, and a strong marketing program. The franchise is ideal for individuals who are passionate about food and customer service, offering a chance to own a business that is both rewarding and profitable.

Corporate Structure

HoneyBaked Ham Company operates under the legal structure of HoneyBaked Ham, LLC, which was established in 1957. The company is headquartered in Atlanta, Georgia, and provides franchise opportunities throughout the United States. It is dedicated to maintaining high standards for product quality and customer service, ensuring that franchisees are equipped with the resources necessary for success in their markets.

Royalties

Franchisees of HoneyBaked Ham are required to pay a royalty fee of 6% of gross sales. Additionally, there is a national advertising contribution of 2% of gross sales, which funds marketing efforts to promote the brand and drive customer traffic to each location. These fees are essential for maintaining brand presence and supporting franchisee success through effective marketing initiatives.

Company Mission

At HoneyBaked Ham, our mission is to provide families with delicious, high-quality meals that bring people together. We believe in using the finest ingredients to create memorable dining experiences, whether it's a holiday celebration or a casual family dinner. By focusing on exceptional customer service and community engagement, HoneyBaked Ham aims to be the go-to choice for quality meals and gourmet products.

Brand Story

The journey of HoneyBaked Ham began in 1957 when Harry J. Hoenselaar opened the first store in Detroit, Michigan, introducing the world to his unique spiral-slicing technique and sweet honey glaze. Over the decades, the brand has grown exponentially, expanding its offerings to include a variety of meats, sides, and desserts. Today, HoneyBaked Ham stands as a symbol of quality and tradition, known for its commitment to excellence and innovation while staying true to its roots.

Frequently Asked Questions

The total investment to start a HoneyBaked Store ranges from approximately $448,600 to $858,900, which includes initial franchise fees of $52,700 to $58,100.