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Home > Franchises > HoneyBaked Ham Co. & Cafe
HoneyBaked Ham Co. & Cafe
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
After inventing the spiral slicer, Harry Hoenselaar founded The HoneyBaked Ham Company and Cafe in 1957. Family-owned and operated for three generations, the company has more than 300 locations in the United States. Incorporated in 1974, the Atlanta-based company has a catalog division, corporate sales businesses and a temporary holiday store system. The company purchased The Hickory Ham Company and its 40 franchise stores. It started franchising in 1998.
The company offers HoneyBaked turkey breast, side dishes, cheesecake, key lime pie and sandwiches. HoneyBaked Ham offers a corporate gift-giving program, employee recognition options and catered meals for holidays and business functions. They need you to have a net worth of at least $350,000 including a minimum of $125,000 in liquid assets and possess an outstanding credit history.
The costs and fees include total investment of $266500 to $389100, franchise fee is $30000, ongoing royalty fee is 5 to 6 percent and Term of agreement is 7 years, renewable. The company’s ranking in Franchise 500 is 370 in 2006, 440 in 2005, 258 in 2004, 296 in 2002, and ranked 1 in category in 2004, in Top New Ranking 16 in 2002.
The HoneyBaked Ham Company and Cafe is a really exciting franchise chance for owner operators. With 49 years of experience of building a strong brand with a tremendously loyal customer base combined with the tools, training and support they provide, their franchise offers you huge potential to help you achieve your goals.
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