HoneyBaked
Franchise research report · reviewed 2026 disclosure data
Researching HoneyBaked franchise opportunities? Every figure below is cited to the FDD.
HoneyBaked franchise locations specialize in premium spiral-cut hams, turkey, and catering services, serving customers during holidays and year-round occasions.
Headline figures
HoneyBaked quick facts
- Is HoneyBaked a franchise?
- Yes. HoneyBaked offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 212 franchised and 59 company-owned outlets (2026 FDD, Item 20, PDF p. 62).
- How much does it cost to open a HoneyBaked franchise?
- The HoneyBaked Franchise Disclosure Document reports separate estimated initial investments by format: $167,200–$265,600 for seasonal store — total (see note 15) (2026 FDD, Item 7, PDF p. 21); $514,200–$829,600 for honeybaked store — total (see note 15) (2026 FDD, Item 7, PDF p. 19). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does HoneyBaked charge?
- The disclosed ongoing royalty is 6% (2026 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is 3.25% (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
- Does HoneyBaked disclose financial performance (Item 19)?
- Yes. The HoneyBaked FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 50). Figures apply only to the locations and period each one covers. Details
- How many HoneyBaked locations are there?
- The FDD reports 271 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 62). Existing locations do not indicate territory availability. Details
- Is HoneyBaked a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $167,200 – $265,600 (Seasonal Store — Total (See Note 15)); $514,200 – $829,600 (HoneyBaked Store — Total (See Note 15)); several initial fee options apply.
- 2Item 19 covers 20 separate groups: other measures for 203 franchised locations; revenue for 65 franchised locations; revenue for 60 franchised locations; revenue for 78 franchised locations; other measures for 139 combined regular locations; other measures for 140 combined regular locations; other measures for 418 combined regular locations; other measures for 198 franchised regular locations; other measures for 66 franchised regular locations; other measures for 220 company regular locations; other measures for 74 company regular locations; other measures for 73 company regular locations; other measures for 51 combined seasonal locations; other measures for 17 combined seasonal locations; other measures for 2 franchised seasonal locations; other measures for 16 company seasonal locations; other measures for 49 company seasonal locations; other measures for 17 company seasonal locations; other measures for 139 locations; other measures for 140 locations. They are not combined.
- 3Outlets grew by 210 in 2025, to 271 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
HoneyBaked head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Seasonal Store — Total (See Note 15)PDF p. 21$167,200 – $265,600
- HoneyBaked Store — Total (See Note 15)PDF p. 19$514,200 – $829,600
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty monthly net salesMain ongoing fee
53 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
20 separate populations, shown apart. Revenue is not owner income.
Franchised locations
Other measures · 203 locations
- Who is counted
- All203
- Period
- Net Sales - Range low
- Excluded
- 4 full year Stores missing/correct-format P&L;8 new,6 closed,4 acquired by affiliate.
- Method
- Unaudited standardized franchise P&L full calendar year2024. COGS food beverages paper/packaging; hourly labor excludes management. Other operating expenses include management salary rent utilities insurance royalty ads technology. EBITDA excludes interest taxes depreciation amortization.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 55
Net +213 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($167,200 – $829,600) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 61 to 271 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Item 19 — Franchised (203 locations) — other measures · PDF p. 52
- [2]Item 19 — Franchised (65 locations) — revenue · PDF p. 52
- [3]Item 19 — Franchised (60 locations) — revenue · PDF p. 52
- [4]Item 19 — Franchised (78 locations) — revenue · PDF p. 52
- [5]Item 19 — Locations counted not stated in the reviewed record — combined regular · PDF p. 50
- [6]Item 19 — Locations counted not stated in the reviewed record — combined regular · PDF p. 50
- [7]Item 19 — Locations counted not stated in the reviewed record — combined regular · PDF p. 50
- [8]Item 19 — Locations counted not stated in the reviewed record — franchised regular · PDF p. 50
- [9]Item 19 — Locations counted not stated in the reviewed record — franchised regular · PDF p. 50
- [10]Item 19 — Locations counted not stated in the reviewed record — company regular · PDF p. 51
- [11]Item 19 — Locations counted not stated in the reviewed record — company regular · PDF p. 51
- [12]Item 19 — Locations counted not stated in the reviewed record — company regular · PDF p. 51
- [13]Item 19 — Locations counted not stated in the reviewed record — combined seasonal · PDF p. 53
- [14]Item 19 — Locations counted not stated in the reviewed record — combined seasonal · PDF p. 53
- [15]Item 19 — Locations counted not stated in the reviewed record — franchised seasonal · PDF p. 53
- [16]Item 19 — Locations counted not stated in the reviewed record — company seasonal · PDF p. 54
- [17]Item 19 — Locations counted not stated in the reviewed record — company seasonal · PDF p. 54
- [18]Item 19 — Locations counted not stated in the reviewed record — company seasonal · PDF p. 54
- [19]Item 19 — Locations counted not stated in the reviewed record — Combined regular stores operated three years · PDF p. 50
- [20]Item 19 — Locations counted not stated in the reviewed record — Combined regular stores operated three years · PDF p. 50
- [21]Outlet counts — Item 20, Table 1 · PDF p. 55
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
222 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | franchisee receivables, net | $1,211 |
| 2025 | accounts receivable, related parties | $45,363 |
| 2025 | assets current assets cash | $65 |
| 2025 | total current assets | $46,804 |
| 2025 | goodwill, net | $2,506 |
| 2025 | other assetsMore than one value recorded for this year — open the FDD source before comparing | $114 |
| 2025 | total assets | $52,639 |
| 2025 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $194 |
| 2025 | accounts payable, related parties | $185 |
| 2025 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $583 |
| 2025 | total current liabilities | $1,443 |
| 2025 | deferred revenue, less current portion | $756 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
Loading…
Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 2 Texas 2025 — transfers
“2025 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 2 TOTALS 2025 — transfers
“2025 8”
Note: Item 20 state- or ownership-specific row; only national/systemwide Total rows are eligible for verification.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2023 — start
“2023 7 0 0 0 0 0 7”
Note: Item 20 state- or ownership-specific row; only national/systemwide Total rows are eligible for verification.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2023 — opened
“2023 7 0 0 0 0 0 7”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 66 · 2026 FDD
Our summary: Table 9 TN 2024 — end
“2024 2 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 2 Tennessee 2023 — transfers
“2023 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 2 Tennessee 2024 — transfers
“2024 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 55 · 2026 FDD
Our summary: Table 2 Minnesota 2023 — transfers
“2023 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 55 · 2026 FDD
Our summary: Table 2 Georgia 2024 — transfers
“2024 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 55 · 2026 FDD
Our summary: Table 2 Maryland 2023 — transfers
“2023 3”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2024 — opened
“2024 7 0 0 0 0 0 7”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2025 — opened
“2025 7 1 0 0 0 0 8”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2023 — reacquired
“2023 7 0 0 0 0 0 7”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2024 — ceased other
“2024 7 0 0 0 0 0 7”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AL 2023 — end
“2023 7 0 0 0 0 0 7”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AR 2024 — nonrenewals
“2024 3 1 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AR 2024 — opened
“2024 3 1 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AR 2025 — opened
“2025 4 0 0 0 1 0 3”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AR 2025 — ceased other
“2025 4 0 0 0 1 0 3”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 56 · 2026 FDD
Our summary: Table 3 AR 2024 — ceased other
“2024 3 1 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 AZ 2024 — reacquired
“2024 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 AZ 2024 — end
“2024 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 AZ 2024 — opened
“2024 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 AZ 2025 — terminations
“2025 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CA 2023 — ceased other
“2023 9 0 0 0 0 0 9”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CA 2025 — terminations
“2025 9 0 0 0 0 0 9”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CA 2025 — nonrenewals
“2025 9 0 0 0 0 0 9”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CA 2025 — opened
“2025 9 0 0 0 0 0 9”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CA 2024 — ceased other
“2024 9 0 0 0 0 0 9”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CO 2023 — ceased other
“2023 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CO 2024 — start
“2024 4 0 0 1 0 0 3”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CO 2025 — terminations
“2025 3 0 0 0 0 0 3”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CO 2023 — terminations
“2023 4 0 0 0 0 0 4”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CT 2025 — opened
“2025 2 0 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CT 2025 — nonrenewals
“2025 2 0 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2023 — opened
“2023 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CT 2024 — start
“2024 0 2 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CT 2025 — ceased other
“2025 2 0 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 CT 2024 — opened
“2024 0 2 0 0 0 0 2”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2023 — start
“2023 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2025 — reacquired
“2025 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2025 — opened
“2025 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2025 — nonrenewals
“2025 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 FL 2023 — start
“2023 19 0 0 0 1 1 17”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 DE 2023 — ceased other
“2023 1 0 0 0 0 0 1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 FL 2025 — end
“2025 16 1 0 0 0 0 17”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 FL 2025 — terminations
“2025 16 1 0 0 0 0 17”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 FL 2024 — reacquired
“2024 17 0 0 0 0 1 16”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 GA 2025 — opened
“2025 20 0 0 0 0 0 20”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 57 · 2026 FDD
Our summary: Table 3 GA 2023 — end
“2023 22 0 0 0 0 0 22”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.