Start-Up Costs and Fees |
||
| Miami Rice Pudding Company | The HoneyBaked Ham Company & Cafe | |
| Investment | 71000 - 175000 | 292900 - 567600 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3.25% | |
| Year Founded | 2006 | 1957 |
| Year Franchised | 2006 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Miami Rice Pudding Company | The HoneyBaked Ham Company & Cafe | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Miami Rice Pudding Company | The HoneyBaked Ham Company & Cafe | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Miami Rice Pudding Company | The HoneyBaked Ham Company & Cafe | |
| Training | * Available at headquarters: 1 week * At franchisee's location: 1 week | 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 | |
| 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 |
||
| Miami Rice Pudding Company | The HoneyBaked Ham Company & Cafe | |
| 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 | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| Franchise Fee | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| Royalty Fee | |
| Miami Rice Pudding Company | 6% |
| The HoneyBaked Ham Company & Cafe | 6% |
| Advertising Fee | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | 3.25% |
| Year Founded | |
| Miami Rice Pudding Company | 2006 |
| The HoneyBaked Ham Company & Cafe | 1957 |
| Year Franchised | |
| Miami Rice Pudding Company | 2006 |
| The HoneyBaked Ham Company & Cafe | 1998 |
| Term Of Agreement | |
| Miami Rice Pudding Company | 10 years |
| The HoneyBaked Ham Company & Cafe | 7 years |
| Renewal Fee | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
Business Experience Requirements |
|
| Experience | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Miami Rice Pudding Company | No |
| The HoneyBaked Ham Company & Cafe | No |
| Start-up Costs | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| Equipment | |
| Miami Rice Pudding Company} | |
| The HoneyBaked Ham Company & Cafe | |
| Inventory | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| Receivables | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| Payroll | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
Training & Support |
|
| Training | |
| Miami Rice Pudding Company | * Available at headquarters: 1 week * At franchisee's location: 1 week |
| 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 |
| Support | |
| Miami Rice Pudding Company | |
| 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 |
| Marketing | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Miami Rice Pudding Company | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Miami Rice Pudding Company | |
| 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 |
| Canada Expansion | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |
| International Expansion | |
| Miami Rice Pudding Company | |
| The HoneyBaked Ham Company & Cafe | |