How much does a HoneyBaked Ham franchise cost?
Opening a HoneyBaked Ham franchise takes a total initial investment of $581,400 to $876,950, according to the brand's 2025 Franchise Disclosure Document. The FDD's Item 19 reports median net sales of $924,379 across 188 outlets.
The franchisor franchises HoneyBaked Stores. Category: Retail.
Item 7
What it costs to open a HoneyBaked Ham franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $581,400 to $876,950. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Real Estate and Improvements ($245,000 to $425,000), Equipment, Décor and Fixtures ($170,000 to $200,000), and Additional Funds ($50,000). Together they make up about 77% of the high-end estimate.
The initial franchise fee is $15,000, about 2.6% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Development Fee2025 FDD, Item 7, p. 12 | $15,000 | $15,000 | 2025 FDD, Item 7, p. 12 |
| Franchise Fee2025 FDD, Item 7, p. 12 | $15,000 | $15,000 | 2025 FDD, Item 7, p. 12 |
| Travel and Living Expenses while Training2025 FDD, Item 7, p. 12 | $2,000 | $7,500 | 2025 FDD, Item 7, p. 12 |
| Real Estate and Improvements2025 FDD, Item 7, p. 12 | $245,000 | $425,000 | 2025 FDD, Item 7, p. 12 |
| Architectural2025 FDD, Item 7, p. 12 | $11,500 | $18,350 | 2025 FDD, Item 7, p. 12 |
| Equipment, Décor and Fixtures2025 FDD, Item 7, p. 12 | $170,000 | $200,000 | 2025 FDD, Item 7, p. 12 |
| Rent2025 FDD, Item 7, p. 12 | $12,200 | $40,000 | 2025 FDD, Item 7, p. 12 |
| Security Deposit2025 FDD, Item 7, p. 12 | $5,000 | $13,000 | 2025 FDD, Item 7, p. 12 |
| Other Deposits and Licenses2025 FDD, Item 7, p. 12 | $2,700 | $4,600 | 2025 FDD, Item 7, p. 12 |
| Signs2025 FDD, Item 7, p. 12 | $16,000 | $27,500 | 2025 FDD, Item 7, p. 12 |
| Opening Advertising2025 FDD, Item 7, p. 12 | $10,000 | $25,000 | 2025 FDD, Item 7, p. 12 |
| Opening Inventory, Products, Supplies, Smallwares and Training Materials2025 FDD, Item 7, p. 12 | $15,000 | $20,000 | 2025 FDD, Item 7, p. 12 |
| CMS Point-of-Sale System2025 FDD, Item 7, p. 12 | $12,000 | $16,000 | 2025 FDD, Item 7, p. 12 |
| Additional Funds2025 FDD, Item 7, p. 13 | $50,000 | $50,000 | 2025 FDD, Item 7, p. 13 |
| Total estimated initial investment2025 FDD, Item 7, p. 12-13 | $581,400 | $876,950 | 2025 FDD, Item 7, p. 12-13 |
Source HoneyBaked Ham, 2025 FDD, Item 7, p. 12-13, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What HoneyBaked Ham franchisees actually report earning
Median Net Sales
$924,379
HoneyBaked Ham's 2025 FDD, Item 19, for the Fiscal year 2024, during the period from September 28, 2021 to September 29, 2024. Basis: 188 franchised HoneyBaked Stores open at least three years.
Sample size: 188 outlets. The FDD also reports average net sales of $989,787. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- Table No. 1 excludes data from nine franchised HoneyBaked Stores that opened during the Three Year Reporting Period.
- Table No. 1 excludes data from twelve franchised HoneyBaked Stores that temporarily closed for periods of time during the Three Year Reporting Period.
- Table No. 1 excludes data from seven franchised HoneyBaked Stores that permanently closed during the Three Year Reporting Period.
- Table No. 1 excludes data from seven franchised HoneyBaked Stores that were acquired by HBH’s affiliate during the Three Year Reporting Period.
This is a disclosure of what some existing outlets reported, not a projection of what a new HoneyBaked Ham outlet would earn. Your results will differ.
Source HoneyBaked Ham, 2025 FDD, Item 19, p. 40-42, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many HoneyBaked Ham outlets there are, and how many closed
HoneyBaked Ham ended 2024 with 208 franchised outlets and 231 company-owned outlets. In that year 7 franchised outlets opened and 8 left the system.
Three years at a glance
From 2022 through 2024, HoneyBaked Ham opened 19 franchised outlets and 20 outlets left the system. That is a net loss of 1, from 209 to 208 franchised outlets. Of the outlets that left, 5 were not renewed, 9 were bought back by the franchisor, and 6 closed for other reasons.
On average, about 3.2% of franchised outlets left the system each year, roughly 1 in 32.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 209 | 7 | 0 | 3 | 4 | 1 | 208 | 2025 FDD, Item 20, p. 47 |
| 2023 | 215 | 3 | 0 | 0 | 5 | 4 | 209 | 2025 FDD, Item 20, p. 47 |
| 2022 | 209 | 9 | 0 | 2 | 0 | 1 | 215 | 2025 FDD, Item 20, p. 47 |
Source HoneyBaked Ham, 2025 FDD, Item 20, p. 47, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How HoneyBaked Ham compares with other Retail franchises
Measured against the 39 Retail franchises on this site, using each brand's own FDD.
- Cost to open. The middle of HoneyBaked Ham's estimated range is $729,175. It costs more to open than 89% of Retail franchises here.
- Outlets leaving each year. 3.2% for HoneyBaked Ham. That is lower than 78% of the 37 Retail franchises with at least 10 outlets.
- Three-year growth. HoneyBaked Ham's franchised system shrank 0.5%. The typical Retail franchise here shrank 1.2%.
- Earnings disclosure. 25 of the 39 Retail franchises here publish earnings figures in Item 19. HoneyBaked Ham is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Retail franchise side by side.
Alert me when HoneyBaked Ham files a new FDD
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