The Honey Baked Ham Co. logo

The Honey Baked Ham Co.

Retail specialty foods, catering, cafes
Investment
$581,400
Initial Franchise Fee
$15,000
Units
445
Growth Rate
+10.1%

Overview

Industry
Food
Founded
1957
Franchising Since
1998
Parent Company
The Honey Baked Ham Co. LLC
Leadership
Jim Dinkins, CEO
# of Employees at HQ
225

Units and Growth Chart

About The Honey Baked Ham Co.

HoneyBaked Ham is a family-oriented business that was founded in 1957. It is a leading American food retailer with more than 400 locations, half of which are operated by franchisees. They sell mouth-watering hams, turkey breasts, and other pre-cooked entrées, side dishes, and desserts.

As you operate a franchise, you may get to feed many people with quality and delicious food. The perfect candidate for a HoneyBaked Ham franchise is a creative self-starter interested in the food business and ready to work with HoneyBaked Ham's business model.

Why You May Want to Start a HoneyBaked Ham Franchise

If you love the idea of dishing out delicious and convenient food, then opening a HoneyBaked Ham franchise might be for you. For over 60 years, HoneyBaked Ham has been committed to providing pre-cooked ham and delicious side dishes and desserts.

As a HoneyBaked Ham franchisee, you could be providing a crucial service to many people. Having quick and quality foods that are easily accessible typically helps make many people's lives easier, including overworked students and parents short on time. 

HoneyBaked Ham might give you a chance to be part of a family tradition, not only in serving one of America's favorite holiday meals–honey baked ham–but in the exceptional service and amazing food they offer customers every day. You might turn this great family tradition into your business legacy.

What Might Make a HoneyBaked Ham a Good Choice?

To be part of the HoneyBaked Ham team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees, including advertising, royalty, and potential renewal fees.

Many times in the past few decades, HoneyBaked Ham has been ranked in Entrepreneur’s Franchise 500 based on the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. Their classic honey-baked ham, coupled with their impressive marketing, keeps people choosing HoneyBaked Ham for their holiday food needs. It is the classic holiday meal that many families drool over.

HoneyBaked Ham has retail, gift, catering, and lunch options to explore creative business options for various customers. Being part of the family-oriented HoneyBaked Ham franchise might be the business thrill you have been seeking.

How To Open a HoneyBaked Ham Franchise

To own a HoneyBaked Ham franchise, you will need to meet the company's set net worth and liquid capital requirements. You may then submit a franchise inquiry form.

If chosen to proceed, you typically go through an initial webinar to teach you about the franchise brand and process. After that, you'll receive the Franchise Disclosure Document to help you compile your questions that a franchise representative may answer in a follow-up Q&A session.

Next, you may receive a business template to help you develop a plan and meet with experienced franchisees to get their perspective. Then, you might go through a final evaluation before signing, but only after you attend discovery day at company headquarters in Alpharetta, Georgia.

You will go through some training before you open your doors. The HoneyBaked Ham franchise wants to see the company expand and is ready to support you in every way.

Investment Details

Initial Franchise Fee
$15,000
Initial Investment
$581,400 - $876,950
Net Worth Requirement
$350,000
Cash Requirement
$100,000
Royalty Fee
6%
Ad Royalty Fee
3.25%
Technology Fee
$110/mo.
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
$10,000 off first-store franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alabama Arkansas Arizona California Colorado Connecticut District of Columbia Delaware Florida Georgia Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
170-190 hours
Classroom Training
32 hours

Ongoing Support

Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
7-10
Are exclusive territories available?
Yes

Ranking History

The Honey Baked Ham Co. performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022