Start-Up Costs and Fees |
||
| The HoneyBaked Ham Company & Cafe | Miami Rice Pudding Company | |
| Investment | 292900 - 567600 | 71000 - 175000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3.25% | |
| Year Founded | 1957 | 2006 |
| Year Franchised | 1998 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The HoneyBaked Ham Company & Cafe | Miami Rice Pudding Company | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| The HoneyBaked Ham Company & Cafe | Miami Rice Pudding Company | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The HoneyBaked Ham Company & Cafe | Miami Rice Pudding Company | |
| Training | Comprehensive two-week training, both in-store and in a classroom. Ongoing training through conferences and webinars. On-The-Job Training: 97 hours Classroom Training: 25 hours | * Available at headquarters: 1 week * At franchisee's location: 1 week |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 7 - 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| The HoneyBaked Ham Company & Cafe | Miami Rice Pudding Company | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| Franchise Fee | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| Royalty Fee | |
| The HoneyBaked Ham Company & Cafe | 6% |
| Miami Rice Pudding Company | 6% |
| Advertising Fee | |
| The HoneyBaked Ham Company & Cafe | 3.25% |
| Miami Rice Pudding Company | |
| Year Founded | |
| The HoneyBaked Ham Company & Cafe | 1957 |
| Miami Rice Pudding Company | 2006 |
| Year Franchised | |
| The HoneyBaked Ham Company & Cafe | 1998 |
| Miami Rice Pudding Company | 2006 |
| Term Of Agreement | |
| The HoneyBaked Ham Company & Cafe | 7 years |
| Miami Rice Pudding Company | 10 years |
| Renewal Fee | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
Business Experience Requirements |
|
| Experience | |
| The HoneyBaked Ham Company & Cafe | Industry experience General business experience Marketing skills |
| Miami Rice Pudding Company | |
Financing Options |
|
| Franchise Fees | |
| The HoneyBaked Ham Company & Cafe | No |
| Miami Rice Pudding Company | No |
| Start-up Costs | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| Equipment | |
| The HoneyBaked Ham Company & Cafe} | |
| Miami Rice Pudding Company | |
| Inventory | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| Receivables | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| Payroll | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
Training & Support |
|
| Training | |
| The HoneyBaked Ham Company & Cafe | Comprehensive two-week training, both in-store and in a classroom. Ongoing training through conferences and webinars. On-The-Job Training: 97 hours Classroom Training: 25 hours |
| Miami Rice Pudding Company | * Available at headquarters: 1 week * At franchisee's location: 1 week |
| Support | |
| The HoneyBaked Ham Company & Cafe | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Miami Rice Pudding Company | |
| Marketing | |
| The HoneyBaked Ham Company & Cafe | Co-op advertising, Ad slicks, National media, Regional advertising |
| Miami Rice Pudding Company | |
| Operations | |
| The HoneyBaked Ham Company & Cafe | 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 7 - 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| Miami Rice Pudding Company | |
Expansion Plans |
|
| US Expansion | |
| The HoneyBaked Ham Company & Cafe | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Miami Rice Pudding Company | |
| Canada Expansion | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |
| International Expansion | |
| The HoneyBaked Ham Company & Cafe | |
| Miami Rice Pudding Company | |