FAQs
Q: How do I learn more about HoneyBaked and the franchise opportunity?
A: By visiting our website, you've taken the first step. We'll provide more information
upon receipt of your completed form request, or
feel free to call Franchise Development at 866-968-7424.
Q: What is the cost of your franchise?
A: The initial franchise and development fees are $30,000.
Q: What will it cost to get my franchise up and running?
A: The following is a summary of typical costs to open a store in an in-line leased space.
These costs will vary and are outlined in our Franchise Disclosure Document.
Initial fee: $30,000
Start-up costs: $293,000 to $414,900
Q: What are the financial qualifications to become a HoneyBaked franchisee?
A: We require a net worth of at least $350,000, including a minimum of $100,000
in liquid assets, with a strong credit history.
Q: Does HoneyBaked offer financing?
A: Generally, no. Franchisees typically secure their own financing. We are on the
SBA Registry, so many of our franchisees have received funding through local lenders
and/or an SBA loan. We can also provide you a listing of third-party financing resources.
Q: Will I be able to open additional stores?
A: Yes. Your success, as well as ours, is tied to your growth and profitability.
We offer a multi-unit development plan, or you can purchase one store now and add
later. Many of our current franchisees have more than one store.
Q: What training will I receive as a new franchisee?
A: 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 classroom training.
Q: How long will it take to get started?
A: Location is the determining factor. Our real estate and facilities team will
guide you through site selection, lease negotiation, build-out and construction.
Your primary 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.
Q: What form of continued operational guidance will be provided?
A: You will be assigned a Franchise Business Consultant, who is familiar with all
facets of the business. Other resources will guide you through staff selection,
opening advertising, equipment and supplies ordering, product inventory and provide
timelines to ensure you are on target with your goals. Additionally, our intranet
site provides a central location for marketing materials, training documents and
other communications and resources with just a few clicks.
Q: Are franchisees required to have a restaurant background?
A: No restaurant background is required; we teach you what you need to know.
Q: What special skills are required?
HoneyBaked Ham is looking for candidates that possess good business skills such
as:
- Financial management skills
- Sales aptitude to help you build your lunch, catering and gifting business
- Managerial experience
- Willingness to follow a proven system
Q: What is the franchise approval process?
A: It's a step-by-step process
to ensure that you enter our program "eyes wide open."
