Reduced Price: Savor Profits With Well-Known Deli and Meats Store
The Honey Baked Ham Co. franchise for sale in Kankakee County, Illinois
List Price: $150,000 USD
Key Facts
Annual Gross Revenue
$527,520 USD
Cash Flow
$100,000 – $150,000
Seasonal Business
No
Value of Inventory
Less than $25,000
Value of Assets
$100,000 – $150,000
Year Established
2018
Business Operates From
A retail location
Location Is
Leased
Approx. Monthly Rent
$5,000
Total Employees
Less than 10
1–3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
SomeSeller financing Available
PassiveOwner
Involvement
About this Business
Semi-absentee opportunity with 4 revenue streams! Customers can’t resist the signature hams and sides at the retail space, while the gifting, lunch, and catering streams wrap up a year-round revenue package. It’s a recipe for success, offering flexibility and flavor in every slice of business.
Own the only Honey Baked Ham franchise in a 40-mile radius, in the heart of Kankakee. Since the current owner took the reins in December 2018, they’ve skillfully increased annual sales from $320,000 to $527,520, producing a juicy cash flow of $123,298. Marketing has been the secret sauce to build a loyal customer base that includes corporate clients like NuCor Steel and local healthcare institutions.
This is a turnkey opportunity, complete with $100,000 in fixtures, furniture, & equipment, alongside ample inventory to ensure a seamless operation. Supported by a dedicated team of 8 part-time employees, the business promises a smooth transition. Requiring just 10-15 hours/week from the owner, this operation affords the perfect balance for an investor or growth minded owner-operator. The Kankakee area is alive with potential customers from expanding local enterprises, making it ripe for targeted outreach to local businesses, schools, and factories.
HoneyBaked Ham Co. of Bourbonnais offers a taste of entrepreneurial success without the need to start from scratch. Sweetened with an option for seller financing, it’s your opportunity to carve out new levels of success!
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Growth opportunities
This Honey Baked Ham franchise in Kankakee stands at the cusp of a significant expansion. Kankakee County, celebrated by Forbes for its economic vitality, presents a fresh market with untapped potential for new business strategies. The local economic landscape is fertile, with major players like CSL Behring and Nucor Steel fueling employment and creating a burgeoning customer base. Expanding local enterprises such as the upcoming factory promising 2,600 new employees—a sizable market for lunches, catering, and corporate gifting—make it ripe for targeted outreach to local businesses, schools, and factories. An untapped avenue for potential lies in the digital domain as the franchise's current online presence is underdeveloped.
Owner's Day-to-Day Involvement
Owner works approximately 10- 15 hours a week except for Easter, Thanksgiving and Christmas. The week of these holidays, owner works 8-9 hours per day.
Asset Description
The sale price includes the following: walk-in cooler, walk-in freezer, storage cooler, storage freezer, cold prep table, Coke machine, Kitchen Equipment to run the daily business, Office Computer, 2 new POS systems. Estimated value is $100,000. The franchise's inventory on hand at the time of the sale is also included, estimated to be $15,000 at any time.
Inventory Description
Inventory on hand at the time of the sale is also included, estimated to be $15,000 at any time.
Reason for Selling
Retirement
Why I Love My Franchise
Love my employees, and the quality of the food!
About The Honey Baked Ham Co.
The Honey Baked Ham Co. is a renowned franchise specializing in high-quality, fully cooked hams and gourmet food products. Established in 1957, the brand has built a strong reputation for its signature honey-glazed hams, crafted using a proprietary recipe that combines a sweet, crunchy glaze with tender, flavorful meat. Over the years, the company has expanded its offerings to include a variety of meats, sides, desserts, and catering services, making it a popular choice for holiday meals, family gatherings, and special occasions.
As a franchise, The Honey Baked Ham Co. provides an attractive business model with an initial investment ranging from $350,000 to $600,000, including a franchise fee of $30,000. With over 400 locations across the United States, The Honey Baked Ham Co. has successfully positioned itself in the competitive food industry, appealing to consumers seeking convenient, high-quality meal solutions. As the demand for ready-to-eat meals continues to rise, The Honey Baked Ham Co. is well-positioned for ongoing growth and success in the franchise market.
Franchisee Support
The Honey Baked Ham Co. offers extensive support to its franchisees to ensure their success in the food retail industry. New franchisees receive a comprehensive three-phase training program, including 32 hours of classroom training and 120 hours of on-the-job training. Ongoing support features a dedicated Franchise Business Leader as a liaison to the corporate office, along with access to marketing resources, including templates for advertising and social media. Franchisees also benefit from real estate assistance and a robust intranet platform for operational resources.
Brand Accolades & Awards
The Honey Baked Ham Co. has ranked on the Entrepreneur Magazine Franchise 500 every year since 2013. It has also been featured on numerous occasions on the Franchise Times Top 500 and Technomic's Top 500 Chain Restaurant Report, solidifying its status as a leader in the specialty food retail sector.
Industry / Market
The Honey Baked Ham Co. operates in the growing specialty food retail market, which is projected to reach $175 billion by 2025, with a CAGR of 3.5%. The brand’s focus on providing premium, high-quality ham and other specialty food items positions it to capitalize on the increasing demand for gourmet and artisanal food products.
Ideal Owner
The ideal owner of a Honey Baked Ham franchise is a food enthusiast with a strong background in retail and customer service. They should be organized, detail-oriented, and capable of managing a team in a fast-paced environment. A passion for quality food products and a commitment to customer satisfaction are essential qualities for success in this franchise opportunity.