Start-Up Costs and Fees |
||
| The HoneyBaked Ham Company & Cafe | Ritter's Frozen Custard | |
| Investment | 292900 - 567600 | 369000 - 1100000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3.25% | |
| Year Founded | 1957 | 1990 |
| Year Franchised | 1998 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The HoneyBaked Ham Company & Cafe | Ritter's Frozen Custard | |
| Experience | Industry experience General business experience Marketing skills | General business experience Marketing skills Drive for success |
Financing Options |
||
| The HoneyBaked Ham Company & Cafe | Ritter's Frozen Custard | |
| 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 | Ritter's Frozen Custard | |
| 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 | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks, 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) | 70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
| The HoneyBaked Ham Company & Cafe | Ritter's Frozen Custard | |
| 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 | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
| Franchise Fee | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
| Royalty Fee | |
| The HoneyBaked Ham Company & Cafe | 6% |
| Ritter's Frozen Custard | 5% |
| Advertising Fee | |
| The HoneyBaked Ham Company & Cafe | 3.25% |
| Ritter's Frozen Custard | |
| Year Founded | |
| The HoneyBaked Ham Company & Cafe | 1957 |
| Ritter's Frozen Custard | 1990 |
| Year Franchised | |
| The HoneyBaked Ham Company & Cafe | 1998 |
| Ritter's Frozen Custard | 1994 |
| Term Of Agreement | |
| The HoneyBaked Ham Company & Cafe | 7 years |
| Ritter's Frozen Custard | 10 years |
| Renewal Fee | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | $5K |
Business Experience Requirements |
|
| Experience | |
| The HoneyBaked Ham Company & Cafe | Industry experience General business experience Marketing skills |
| Ritter's Frozen Custard | General business experience Marketing skills Drive for success |
Financing Options |
|
| Franchise Fees | |
| The HoneyBaked Ham Company & Cafe | No |
| Ritter's Frozen Custard | No |
| Start-up Costs | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
| Equipment | |
| The HoneyBaked Ham Company & Cafe} | |
| Ritter's Frozen Custard | |
| Inventory | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
| Receivables | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
| Payroll | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |
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 |
| Ritter's Frozen Custard | |
| 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 |
| Ritter's Frozen Custard | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| The HoneyBaked Ham Company & Cafe | Co-op advertising, Ad slicks, National media, Regional advertising |
| Ritter's Frozen Custard | Co-op advertising, Ad slicks, Regional advertising |
| 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) |
| Ritter's Frozen Custard | 70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
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 |
| Ritter's Frozen Custard | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, |
| Canada Expansion | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | 0 |
| International Expansion | |
| The HoneyBaked Ham Company & Cafe | |
| Ritter's Frozen Custard | |