SIZZLING OPPORTUNITY WITH A BELOVED BRAND!
FRANCHISE FOR SALE IN LAFAYETTE, INDIANA
List Price: $95,000 USD
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Annual Gross Revenue:
$382,809 USD
Annual Net Profit:
$25,000 - $50,000
Value of Inventory:
Less Than $25,000
Value of Assets:
Less Than $25,000
Business Category:
Restaurant/Bar
Business Operates From:
A Retail Location
Year Established:
1997
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
Somewhat
PRICE/TERMS
FLEXIBILITY
Part-time
OWNER INVOLVEMENT
SUMMARY
Seize this delectable opportunity to own a profitable, growing, beloved HoneyBaked Ham Co. franchise in Lafayette, Indiana! Revel in the legacy of this well-established business that has sweetened the lives of its patrons since 1997 and been under current ownership since 2014. —> The HoneyBaked Ham Co. stands out as an iconic brand, renowned for its meticulously selected, handcrafted, and irresistibly delicious products. With over 400 locations nationwide, the franchise is synonymous with celebrations and gatherings, ensuring a consistent market, especially during festive seasons. —> The Lafayette franchise expertly carved out a revenue of $382,809 in 2022 from a steady stream of loyal customers, including both locals and Purdue University associates. Enjoying 4.2 stars on Google and a perfect 5 stars on Facebook, it’s a celebrated local treasure, without any competing HoneyBaked outlets in the vicinity. Savor low overhead costs that helped produce average cash flow of $45,528 over the past two years. With four distinct revenue streams: retail, gifting, lunch, and catering driving year over year growth, there’s massive potential to rise to new heights! —> While the business exhibits a delightful upward trajectory, the current owner has scarcely scratched the surface in terms of marketing, opening the door to an ocean of untapped potential for the new owner. Implementing innovative marketing and engagement strategies, such as enhancing social media presence, establishing local partnerships, and tapping into catering opportunities, could open new horizons of growth and profitability. —> New owner will inherit not just a spacious, strategically-located store in a bustling shopping area but also a dedicated team, ensuring a seamless transition as the seller embarks on retirement. Leverage the operational stability, devout customer base, and celebrated quality of HoneyBaked Ham Co. to carve out your own legacy of success. Inquire today!
PHOTOS
FACTS
Part-Time Employees:
1-5
Full-Time Employees:
0
Total Employees:
Less Than 10
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$3,000/month
Lease Expiration:
9-2024
VIDEO
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Current owner maintains staffing, payroll, ordering supplies and product, and overseeing catering orders. More involvement during the busy holiday season.
FRANCHISE BRAND ACCOLADES AND AWARDS
Entrepreneur Magazine Franchise 500 ranked every year since 2013!
ASSET DESCRIPTION
3 sandwich bars, 8 tables and 16 chairs, 2 glazing stations. Free standing freezer, shelving, work tables and equipment valued at about $25,000.
INVENTORY DESCRIPTION
Food products, including ham, turkey, sides and condiments. Paper supplies including lunch boxes.
ADDITIONAL INFO
Franchisor provides comprehensive training and support including: 32 hours in classroom, 150 hours on-the-job, franchisee intranet, proprietary software, and ongoing field operations support from Franchise Business Leaders, meetings & conventions, marketing support across many channels such as social, SEO, email, and national media.
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
I love the product, the company and our customers. Owning this franchise is fun and rewarding!
REASON FOR SELLING
Ready to retire
GROWTH OPPORTUNITIES
There is so much possibility for growth! Here are some ideas that a new owner could implement to market and drive sales. Enhance the stores' online presence through social media, showcasing the mouthwatering visuals, promotions, and contests as well as the beautiful remodeled stores. Forge partnerships with local businesses, event planners, and corporate offices for catering opportunities. Collaborate with nearby restaurants or cafes to cross-promote each other's products. Implement a customer loyalty program and a customer referral program to reward your biggest fans. Get involved in local events, fairs, and community gatherings. Sponsor or participate in charity events to boost brand visibility and show commitment to the community. Organize in-store sampling events to let potential customers taste the mouthwatering products.
None
SELLER FINANCING AVAILABLE
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