Quick Verdict · who it fits
Honey Baked Ham fits owner-operators looking for a mid-scale food & beverage concept.
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$514K - $830K
Franchise fee (Item 5)
$20K
Royalty (Item 6)
6% + 3.25–5% ad
Item 19 median rev
$923k franchised stores
System size (Item 20)
216 +8
Agreement term
10 yrs
Years in business
28+ yrs
Company-owned units
236
Model Honey Baked Ham's costs in the investment calculator → Prefilled from this filing — startup cost, cash flow and break-even.
Buyer qualifications
✓Exclusive territory✓Semi-absentee eligible✓No bankruptcy disclosed
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Drag to your projected annual sales. Royalty 6% + ad fund 3.25–5% on gross sales.
PROJECTED ANNUAL SALES$920,000
$100k$2M
Royalty (6%)
—
Ad fund (3.25–5%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
Free AI summary — the first read on the filing.
511
Total units open
as of September 28, 2025
8 franchised HoneyBaked Stores; 0 franchised Seasonal Stores
Units opened last year
0 franchised HoneyBaked Stores
Units closed last year
1 ceased operations—other reasons ; 0 franchised Seasonal Stores
4 fra
Net unit growth
What our analysis flagged across the 2026 filing.
4
Risks to review
3
Strengths identified
5
Questions to ask
How Honey Baked Ham ranks against 811 Food & Beverage peers we've analyzed.
Initial investment
70th pct · of 811 peers
Franchise fee
6th pct · of 811 peers
System size
86th pct · of 811 peers
Food & Beverage industry averages
Avg investment
$528K - $1.3M
Avg franchise fee
$38K
Avg system size
235
Franchises analyzed
811
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Honey Baked Ham | Disclosed | $20K | $514K - $830K | 6% | 216 |
| TkrcSimilar price | Disclosed | $40K | $395K - $830K | 6% | 0 |
| Doctor's AssociatesBiggest system | None | $15K | $227K - $630K | 8% | 18,773 |
| Vintage Hospitality GroupTop-rated in category | Disclosed | $50K | $3.5M - $6.4M | 5.5% | 33 |
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Free explainers to go deeper before you sign.
Brand Analysis
The 2026 Cinnabon Franchisor SPV LLC disclosure puts a Full Bakery at $196,250 to $715,100 with a $35,500 fee, and reports a $600,536 median across 189 enclosed mall bakeries.
Brand Analysis
Chipotle reported 4,186 company-operated restaurants and 15 international licensed restaurants as of June 30, 2026. None are franchised, there is no FDD, and there is nothing to apply for. Qdoba is the franchised version of the same order line, and its 12/25 FDD puts a traditional restaurant at $548,100 to $1,294,000.
Brand Analysis
Cracker Barrel Old Country Store, Inc. reported 656 company-operated stores in 43 states as of January 30, 2026, and the brand has never sold a franchise. Huddle House and Another Broken Egg cover the same daypart with filed FDDs, at $555,375 to $1,715,275 and $792,500 to $1,804,000.
Honey Baked Ham requires a $20,000 initial franchise fee and a total initial investment range of $514,200–$829,600, per the most recent FDD on file.
Honey Baked Ham is franchised by THE HBH FRANCHISE COMPANY, LLC, the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the franchisor's corporate history, parents, and predecessors.
Yes. Honey Baked Ham discloses Item 19 financial performance representations with reported revenue around $923,111. See the financials sub-page for the full distribution.
Franchisees pay a royalty of 6% and an advertising fund contribution of 3.25% to 5.0% on gross sales as defined in Item 6 of the FDD.
As of their 2026 FDD, Honey Baked Ham has 216 total locations, with 8 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.
Yes. Honey Baked Ham grants franchisees an exclusive territory under Item 12 of the FDD. Note that exclusive territories often carve out online sales, alternative distribution channels, and non-traditional venues — review the full Item 12 language before signing.
Per the FDD, Honey Baked Ham discloses an initial agreement term of 10 years, a renewal fee of $10,000, a transfer fee of $10,000. Review Items 10 and 17 for the full renewal and termination provisions.
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