
The Honey Baked Ham Co.
Franchise research report · reviewed 2025 disclosure data
Researching The Honey Baked Ham Co. franchise opportunities? Every figure below is cited to the FDD.
Honey Baked Ham Co. franchises operate retail stores specializing in hams, turkeys, and other products, with sandwiches, salads, beverages, and additional menu items.
Headline figures
The Honey Baked Ham Co. quick facts
- Is The Honey Baked Ham Co. a franchise?
- Yes. The Honey Baked Ham Co. offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 208 franchised and 231 company-owned outlets (2025 FDD, Item 20, PDF p. 48).
- How much does it cost to open a The Honey Baked Ham Co. franchise?
- The The Honey Baked Ham Co. Franchise Disclosure Document reports an estimated initial investment of $581,400–$876,950 (2025 FDD, Item 7, PDF p. 19). This is the franchisor's disclosed estimate, not a quote. Details
- What is the The Honey Baked Ham Co. initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $15,000 (2025 FDD, Item 5, PDF p. 12). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does The Honey Baked Ham Co. charge?
- The disclosed ongoing royalty is 6% (2025 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is 3.25% (2025 FDD, Item 6, PDF p. 13). Other recurring fees are listed in Item 6. Details
- Does The Honey Baked Ham Co. disclose financial performance (Item 19)?
- Yes. The The Honey Baked Ham Co. FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 46). Figures apply only to the locations and period each one covers. Details
- How many The Honey Baked Ham Co. locations are there?
- The FDD reports 439 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 48). Existing locations do not indicate territory availability. Details
- Is The Honey Baked Ham Co. 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
- 1Opening costs are estimated at $581,400 – $876,950 in the 2025 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 32 separate groups: revenue for 188 locations; revenue and other measures for 63 locations; revenue and other measures for 62 locations; revenue and other measures for 63 locations; revenue and other measures for 188 locations; other measures and profit and costs for 67 locations; revenue for 175 locations; revenue for 57 locations; revenue for 67 locations; other measures and revenue for 175 locations; other measures for 51 locations; other measures for 57 locations; other measures for 67 locations; revenue and costs for 51 locations; revenue and costs for 57 locations; revenue and costs for 67 locations; revenue and costs and profit and other measures for 175 locations; profit and other measures for 51 locations; profit and other measures for 57 locations; profit and other measures for 67 locations; profit for 175 locations; profit for 51 locations; profit and costs for 57 locations; costs and EBITDA for 67 locations; EBITDA for 175 locations; EBITDA for 51 locations; EBITDA for 57 locations; EBITDA and costs for 51 locations; EBITDA and profit and costs for 57 locations; EBITDA and profit and costs for 67 locations; costs for 175 locations; revenue for 51 locations. They are not combined.
- 3Outlets held steady in 2024, to 439 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
The Honey Baked Ham Co. 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
Total estimated initial investment
2025 FDD · Item 7 · PDF p. 19
Standard single-unit franchise fee
2025 FDD · Item 5 · PDF p. 12
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- RoyaltyMain ongoing fee
38 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?
32 separate populations, shown apart. Revenue is not owner income.
188 locations
Revenue · 188 locations
- Who is counted
- All Stores in Table 1: franchised HoneyBaked Stores open at least three years during September 28, 2021 to September 29, 2024
- Excluded
- Excludes 9 franchised stores opened during the Three Year Reporting Period, 12 temporarily closed, 7 permanently closed, and 7 acquired by an affiliate during that period.
- Method
- Sales reports received from CMS Point-of-Sale system; not audited or verified
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of Fiscal year end of each year.
2025 FDD · Item 20 · PDF p. 48
Net −1 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2024 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 2025 Item 7 estimate ($581,400 – $876,950) 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 439 to 439 in 2024. 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 (2025 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 19
- [2]Standard initial franchise fee — Item 5 · PDF p. 12
- [3]Item 19 — Locations counted not stated in the reviewed record — All Stores in Table 1: franchised HoneyBaked Stores open at least three years d… · PDF p. 46
- [4]Item 19 — Locations counted not stated in the reviewed record — Top Third of franchised HoneyBaked Stores open at least three years during Sept… · PDF p. 46
- [5]Item 19 — Locations counted not stated in the reviewed record — Middle Third of franchised HoneyBaked Stores open at least three years during S… · PDF p. 46
- [6]Item 19 — Locations counted not stated in the reviewed record — Bottom Third of franchised HoneyBaked Stores open at least three years during S… · PDF p. 46
- [7]Item 19 — Locations counted not stated in the reviewed record — All Stores of franchised HoneyBaked Stores open at least three years during Sep… · PDF p. 46
- [8]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [9]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open all calendar year 2023 and submitting year-en… · PDF p. 47
- [10]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open the entire 2023 calendar year and providing y… · PDF p. 47
- [11]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open the entire 2023 calendar year and providing y… · PDF p. 47
- [12]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open throughout calendar year 2023 and supplying s… · PDF p. 47
- [13]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open throughout calendar year 2023 and supplying s… · PDF p. 47
- [14]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open throughout calendar year 2023 and supplying s… · PDF p. 47
- [15]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open throughout calendar year 2023 and supplying s… · PDF p. 47
- [16]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [17]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [18]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [19]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [20]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [21]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [22]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [23]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [24]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [25]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [26]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [27]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [28]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [29]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked stores open throughout calendar 2023 and providing standa… · PDF p. 47
- [30]Item 19 — Locations counted not stated in the reviewed record — HoneyBaked franchised stores open for all of calendar 2023, submitting standard… · PDF p. 47
- [31]Item 19 — Locations counted not stated in the reviewed record — HoneyBaked franchised stores open for all of calendar 2023, submitting standard… · PDF p. 47
- [32]Item 19 — Locations counted not stated in the reviewed record — HoneyBaked franchised stores open for all of calendar 2023, submitting standard… · PDF p. 47
- [33]Item 19 — Locations counted not stated in the reviewed record — HoneyBaked franchised stores open for all of calendar 2023, submitting standard… · PDF p. 47
- [34]Item 19 — Locations counted not stated in the reviewed record — Franchised HoneyBaked Stores open all of calendar year 2023 and providing year-… · PDF p. 47
- [35]Outlet counts — Item 20, Table 1 · PDF p. 48
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | statements of cash flows 2024More than one value recorded for this year — open the FDD source before comparing | $2,410 |
| 2024 | statements of income 2024More than one value recorded for this year — open the FDD source before comparing | $315 |
| 2024 | statements of income 2024More than one value recorded for this year — open the FDD source before comparing | $175 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $51,109 |
| 2024 | statements of member’s equityMore than one value recorded for this year — open the FDD source before comparing | $49,134 |
| 2024 | statements of cash flows 2024More than one value recorded for this year — open the FDD source before comparing | $53 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $44,782 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $43,165 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $279 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $1,975 |
| 2024 | balance sheets 2024More than one value recorded for this year — open the FDD source before comparing | $49,134 |
| 2024 | statements of income 2024More than one value recorded for this year — open the FDD source before comparing | $22,187 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.




