Common Questions
Just by visiting our website, you’ve already taken the first step! Stay as long as you like, click around and get a head start on gathering information about franchising with us.
We’d be also happy to set up a time to discuss your goals and give you an overview on franchising with HoneyBaked. Please feel free to fill out our contact form or call the Franchise Development team at 678-966-3399. We look forward to hearing from you.
The development fee is $15,000 and the initial franchise fee is $15,000 for each location (total = $30,000). The initial overall investment ranges from $448,600 – $858,900 to open a store in an in-line leased space. These costs vary and are outlined in our Franchise Disclosure Document, but you can read a little more about it here.
You can find more information about costs and requirements here, but the basic numbers are below.
For a multi-unit investment, we require a net worth of at least $500,000 and a minimum of $250,000 in liquid assets.
For a single-unit investment, we require a net worth of at least $350,000 with $100,000 in liquid assets.
While HoneyBaked Ham does not offer in-house financing, we have trusted relationships with a few franchise lenders who help first-time owners and seasoned HoneyBaked operators find lending solutions that match their goals.
Yes. Your success – and ours – is tied to your growth and profitability. More than half of our current franchisees have more than one store. We also offer a multi-unit development plan if you’re looking to dive right in.
We provide extensive training and support. New franchisees must complete three phases of hands-on training before they can open their store. For more info, take a look at our training and support page or contact us.
The time between your initial interest call and the opening of your store depends on a lot of different variables, but location is the most telling factor. We estimate it will take three to six months after signing your lease to open your store. We’ll advise and help support you through the whole process but, of course, it all hinges on your own proactive involvement in the site selection, lease negotiation, build-out and construction processes with our real estate and development team.
Absolutely. You’ll be assigned a Franchise Business Leader, who is familiar with all facets of the business. They’ll continue to mentor and help you throughout your tenure as a franchisee. In addition, we offer a variety of resources through our Corporate Service Center and an internal website that acts as a central location for marketing materials, training documents, communications and other resources with just a few clicks.
Restaurant, food and/or retail experience is a benefit but is not required.
We’re looking for passionate, self-motivated candidates with some business savvy. We’ll make sure you get the training and know-how you need to succeed as a HoneyBaked Ham franchisee, but it doesn’t hurt to have a background in:
- Financial management
- Outside sales
- People management
You’ll find all the details of the approval process outlined here.
