Honey Baked Ham Franchise

Business Opportunity for Sale
Catylist Listing ID: 30008685
Property Subtypes: Food and Beverage
Building Size (RSF): 2,400 SF
Sale Price: $140,000
Name of Establishment: Honey Baked Ham
Franchised Business: Yes
Franchise Parent Name: Honey Baked Ham
Year Business Established: 2002
Gross Revenue: $525,000 (Annual)
Cash Flow: $70,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 11/1/2017

Overview / Comments

This HoneyBaked Ham franchise business fills a unique niche within the food sales industry. The annual revenue for 2016 was $497K, and the income was $52K. The operations include dine-in, carry-out, catering and gifting. This 55 year old franchise has a reputation for the highest quality products, a well-recognized brand and a business model that encourages both personal and business growth. They are a great alternative to the "fried food shops."

The catering and gift package business represent the easiest and most profitable aspects of the business. Several of the other franchisees can share their success stories with you, and help you to really grow this business.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Industry Segment: Catering Services
Value of Inventory Included ($): $2,500
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business was relocated into a 2,400 sf space in a more visible retail shopping center early in 2015. The new location offers much more traffic and is anchored by stronger restaurant tenants, which will draw more traffic into the center. They have seen an increase in business resulting from the move.
Employee/Labor Description: 6 employees including one full-time manager.
Mgmt/Training Support Description: The owner has offered to train the buyer for a reasonable period of time, immediately following the closing, to assure a smooth transition. The franchisor will also require the new franchisee to attend two-weeks of training to familiarize them with all of the proven systems and processes. The 8% franchise fee that you will pay is well worth the knowledge and support you will receive; to say nothing of the costly mistakes you will avoid.
Competition/Market Description: There are several other "sandwich shops" located in the Bloomington market. They are more reliant upon the IU student traffic. Our product is a much higher quality product and our business relies more upon the traffic from the neighboring retail and commercial businesses. We also offer, due to the high quality of our products, the opportunity to market our products as gifts.
Growth/Expansion Opportunities: We are recognized for our high quality meat products and other food items. There are no direct competitors. Our high-quality products offers a great opportunity to expand the gift side of the business, especially during the Holidays, as achievement rewards, and other special occasions.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,404 55,067 112,145
Median Age: 31.85 29.71 30.92
Households: 2,946 24,796 44,131
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