Rank no. 300 – The HoneyBaked Ham Co. & Cafe – US
Products & Services: Specialty ham & turkey store/cafe
Number of Locations: 428
Total Investment: $278.79K – 409.89K
Began Franchising: 1998
About The HoneyBaked Ham Co. & Cafe
After 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
Net Worth: $350,000
Liquid Cash Available: $100,000 – $150,000
25% 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 Ranking History
Three generations and over 400 stores later, the Hoenselaar family still prepares The HoneyBaked Ham the same way that Harry did… one ham at a time. The children and grandchildren of the Hoenselaar family are committed to carrying on the wonderful tradition and legacy of Harry J. Hoenselaar.