HoneyBaked Ham Franchise FDD, Profits & Costs (2025)
HoneyBaked Ham, an iconic American brand, was founded in 1957 by Harry Hoenselaar in Detroit, Michigan.
The brand started franchising in 1998 and is known for its signature honey-baked hams, which are a staple during holiday seasons and special family gatherings. HoneyBaked Ham is headquartered in Alpharetta, Georgia, and has grown to hundreds of locations across the United States.
HoneyBaked Ham differentiates itself in the marketplace with its unique product: a spiral-sliced ham coated with a crunchy honey glaze, which has been a beloved recipe for decades.
This distinctive product offering is complemented by other premium meats, including smoked turkey breasts and roast beef, and a range of side dishes and desserts.
Additionally, many locations offer dine-in lunch options, catering services, and gift cards, enhancing their appeal as a versatile gourmet food provider.
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Initial Investment
How much does it cost to start a HoneyBaked Ham franchise? It costs on average between $581,000 – $877,000 to start a HoneyBaked Ham franchised restaurant.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of restaurant you choose, the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Estimated Amount (Low / High) |
|---|---|
| Development Fee | $15,000 – $15,000 |
| Franchise Fee | $15,000 – $15,000 |
| Travel and Living Expenses while Training | $2,000 – $7,500 |
| Real Estate and Improvements | $245,000 – $425,000 |
| Architectural | $11,500 – $18,350 |
| Equipment, Décor, and Fixtures | $170,000 – $200,000 |
| Rent | $12,200 – $40,000 |
| Security Deposit | $5,000 – $13,000 |
| Other Deposits and Licenses | $2,700 – $4,600 |
| Signs | $16,000 – $27,500 |
| Opening Advertising | $10,000 – $25,000 |
| Opening Inventory, Products, Supplies, Smallwares, and Training Materials | $15,000 – $20,000 |
| CMS Point-of-Sale System | $12,000 – $16,000 |
| Additional Funds | $50,000 – $50,000 |
| TOTAL | $581,400 – $876,950 |
Average Revenue (AUV)
How much revenue can you make with a HoneyBaked Ham franchise? A HoneyBaked Ham franchised restaurant makes on average $924,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $698,000 yearly revenue for similar retail food franchises.
Below are a few HoneyBaked Ham competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
HoneyBaked Ham Franchise Disclosure Document
Frequently Asked Questions
How many HoneyBaked Ham locations are there?
As of the latest data, The Honey Baked Ham Company operates 208 franchised locations and 231 company-owned stores across the United States. The state with the highest number of locations is Georgia, hosting 44 stores, which accounts for approximately 9% of all Honey Baked Ham outlets nationwide.
What is the total investment required to open a HoneyBaked Ham franchise?
The total investment required to open a HoneyBaked Ham franchise ranges from $581,000 to $877,000.
What are the ongoing fees for a HoneyBaked Ham franchise?
HoneyBaked Ham franchisees pay a 6% royalty fee on net sales for brand support and operational access. Additionally, they contribute a marketing fee, currently at 4.25% of net sales, to fund national and local advertising. These fees help maintain brand standards and drive customer engagement.
What are the financial requirements to become a HoneyBaked Ham franchisee?
To qualify as a HoneyBaked Ham franchisee, candidates are required to have a minimum net worth of $350,000 and at least $100,000 in liquid capital. These financial benchmarks ensure that franchisees possess the necessary resources to establish and sustain their business operations effectively.
How much can a HoneyBaked Ham franchise owner expect to earn?
The average gross sales for a HoneyBaked Ham franchise are approximately $0.92 million per location. Assuming a 15% operating profit margin, $0.92 million yearly revenue can result in $138,000 EBITDA annually.
Who owns HoneyBaked Ham?
The Honey Baked Ham Company remains a privately held, family-owned business. Founded in 1957 by Harry J. Hoenselaar, the company has consistently been under the ownership and management of the Hoenselaar family.
Disclaimer
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