Franchise Process

 

Franchise Process

What you need to succeed


We know what it takes to be a successful franchisee. For this reason, we require that potential franchise owners meet the following requirements:

financial Resources:

We require a net worth of at least $350,000, including a minimum of $100,000 in liquid assets, and a strong credit history to take advantage of this food and restaurant franchise opportunity. The initial franchise and development fee is $30,000.

Business Skills:

HoneyBaked is looking for candidates with a positive “can do” attitude, good financial management skills, sales aptitude, managerial experience and willingness to follow a proven system.
 
 

HONEYBAKED FRANCHISEE CASE STUDY

Photo of Franchisee

Kim Borough – Fredericksburg & Stafford, VA

“The field support team is tremendous. My field consultant cares about where I’m going as an individual franchisee. My consultant is hands-on, provides great support and helps to resolve any issues. They recognize my strengths as an independent owner. They have a consultative approach and want to help me grow my business.”

“The holidays are hectic at our stores, but they are also wonderful. We have loyal customers that return year after year. We feel like we are part of their family. They share with us who is joining the family celebration and that they have to have a HoneyBaked Ham. It’s only a matter of who is going to pick up the ham that’s in question, not whether a HoneyBaked Ham is going to be at the table!”

 

Franchise Process


Step by Step

Becoming a honeybaked Franchisee

Here's what you can expect after you contact us.
The process typically takes anywhere from six to 12 months.
Discussion & Webinar:
We’ll set up a time to talk with you to learn more about your goals and share an overview of our program. If your goals align with ours, we’ll ask you to complete a confidential profile form so that we can schedule a one-on-one webinar. This will provide a more in-depth view of our program and will answer the majority of your questions.
Franchise Disclosure Document:
After attending the webinar, you will receive the Franchise Disclosure Document and return the receipt page. Begin reading and compiling your questions.
Q & A:
Discuss your questions in a Q&A session with your HoneyBaked Franchise Development contact. By the end of this session, you should understand the revenue streams, terms and fee structure.
Business Template: 
During this step, you will receive our business template. The template will help you create business-building scenarios.
Meet Veteran Franchisees:
Next, you’ll speak with current franchisees to learn about our business from their perspective, gain insight into your business planning scenarios and validate your business plan.
Discovery Day: 
Visit the HoneyBaked team for a Discovery Day in our corporate office in Atlanta to better understand the tools and level of support we provide to help you grow your business.
Final Evaluation: 
Final evaluation by all parties with final decision to enter into a franchise agreement.
Signing:
Celebrate and start planning for opening!
 

franchise Process

Becoming a honeybaked Franchisee FAQs

By visiting our website, you've taken the first step. We would be happy to set up a time to talk with you to discuss your goals and give you an overview on franchising with HoneyBaked Ham. Feel free to fill out our contact form, email us at hbdevelopment@hbham.com or call Franchise Development at 866-968-7424. Once your questions have been answered and you are ready to proceed, we will ask you to complete a Confidential Agreement and application.
The initial franchise and development fee is $30,000.
Including the franchise fee, it costs an estimated $299,200to $468,200 to open a store in an in-line leased space. These costs will vary and are outlined in our Franchise Disclosure Document.
We require a net worth of at least $350,000, including a minimum of $100,000 in liquid assets, along with a strong credit history.
Generally, no. Franchisees typically secure their own financing. We are on the SBA Registry, and many of our franchisees have received funding through local lenders and/or an SBA loan.
Yes. Your success — and ours — is tied to your growth and profitability. We also offer a multi-unit development plan. Many of our current franchisees have more than one store.
We have a comprehensive two-week, hands-on training program that all new franchisees must successfully complete. Training topics are covered via in-store training at an approved training store, along with self-paced on-line training.
Location is the determining factor. Our real estate and development team will advise you during site selection, lease negotiation, build-out and construction. Your proactive involvement in locating and negotiating your site is critical to your ability to achieve your goals. We estimate it will take three to six months after signing your lease to open your store.
You will be assigned a Franchise Business Consultant, who is familiar with all facets of the business. He/she will continue to mentor and help you throughout your tenure as a franchisee. In addition, the company offers a variety of resources through the various departments within our Corporate Service Center. Our Intranet site provides a central location for marketing materials, training documents, communications and resources with just a few clicks.
Restaurant and/or retail experience is a benefit but is not required.
HoneyBaked is looking for highly motivated candidates who possess good business skills or aptitude in the following areas:
• Financial management
• Outside Sales
• People management
• Market approval
• Financial approval
• Background check
• Discovery Day
• Final Development Team approval
• Signing
 
For more franchise information call
866-968-7424
Honeybaked Logo
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. We offer franchises solely by means of our Franchise Disclosure Document. Certain states have laws governing the offer and sale of franchises. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable legal requirements in your state.