Start-Up Costs and Fees |
||
| Ritter's Frozen Custard | The HoneyBaked Ham Company & Cafe | |
| Investment | 369000 - 1100000 | 292900 - 567600 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3.25% | |
| Year Founded | 1990 | 1957 |
| Year Franchised | 1994 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ritter's Frozen Custard | The HoneyBaked Ham Company & Cafe | |
| Experience | General business experience Marketing skills Drive for success | Industry experience General business experience Marketing skills |
Financing Options |
||
| Ritter's Frozen Custard | 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 |
||
| Ritter's Frozen Custard | The HoneyBaked Ham Company & Cafe | |
| 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 | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | 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, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | 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) | 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 |
||
| Ritter's Frozen Custard | The HoneyBaked Ham Company & Cafe | |
| US Expansion | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
| Franchise Fee | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
| Royalty Fee | |
| Ritter's Frozen Custard | 5% |
| The HoneyBaked Ham Company & Cafe | 6% |
| Advertising Fee | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | 3.25% |
| Year Founded | |
| Ritter's Frozen Custard | 1990 |
| The HoneyBaked Ham Company & Cafe | 1957 |
| Year Franchised | |
| Ritter's Frozen Custard | 1994 |
| The HoneyBaked Ham Company & Cafe | 1998 |
| Term Of Agreement | |
| Ritter's Frozen Custard | 10 years |
| The HoneyBaked Ham Company & Cafe | 7 years |
| Renewal Fee | |
| Ritter's Frozen Custard | $5K |
| The HoneyBaked Ham Company & Cafe | |
Business Experience Requirements |
|
| Experience | |
| Ritter's Frozen Custard | General business experience Marketing skills Drive for success |
| The HoneyBaked Ham Company & Cafe | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Ritter's Frozen Custard | No |
| The HoneyBaked Ham Company & Cafe | No |
| Start-up Costs | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
| Equipment | |
| Ritter's Frozen Custard} | |
| The HoneyBaked Ham Company & Cafe | |
| Inventory | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
| Receivables | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
| Payroll | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |
Training & Support |
|
| Training | |
| Ritter's Frozen Custard | |
| 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 | |
| Ritter's Frozen Custard | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| 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 | |
| Ritter's Frozen Custard | Co-op advertising, Ad slicks, Regional advertising |
| The HoneyBaked Ham Company & Cafe | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| 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) |
| 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 | |
| Ritter's Frozen Custard | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, |
| 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 | |
| Ritter's Frozen Custard | 0 |
| The HoneyBaked Ham Company & Cafe | |
| International Expansion | |
| Ritter's Frozen Custard | |
| The HoneyBaked Ham Company & Cafe | |