The Honey Baked Ham Co is a retail store and restaurant specializing in hams, turkeys, sandwiches, and other related food items. The franchise offers high-quality, fresh deli-style meals and retail products.
Key Insights
- The Honey Baked Ham Co began as a family tradition, evolving into a well-established brand renowned for its signature glazed hams and complementary side dishes, cultivating customer loyalty through consistent quality and a unique product offering.
- The business operates on a franchise model, providing franchisees with a proven operational system, established supply chain, and comprehensive marketing support to run their own successful locations serving a distinctive menu.
- The franchise operates within the specialty food retail sector, a segment that benefits from holiday seasons and celebratory occasions, offering consumers convenient, high-quality meal solutions for gatherings.
Franchise Fee and Costs to Open
Exploring the financial picture of The Honey Baked Ham Co gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $581,400 - $876,950, along with a franchise fee of $15,000 - $15,000.
Financial Performance and Revenue
Yearly gross sales of $924,379 and estimated earnings of $92,438 - $110,926 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 7.7-9.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
The Honey Baked Ham Co. provides comprehensive training for new franchisees. Initial training is a two-week program, held at their Georgia headquarters. The franchisor offers a robust operational manual and ongoing support resources. The Honey Baked Ham Co. recommends leveraging these materials for a smooth launch.
Legal Considerations
Legal considerations for a The Honey Baked Ham Co franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might navigate considerations of local market saturation, requiring a keen understanding of competitor offerings and consumer preferences. Operational complexity, from managing perishable inventory to ensuring consistent product quality and timely service, demands efficient systems. Furthermore, dependence on the brand's established supply chain for key ingredients presents a logistical factor to manage.
Franchise Datasheet
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