Honeymee Franchise in 2024: Costs, Fee & FDD

Honeymee was founded with a clear mission: to create the perfect combination of milk and honey in a dessert that is both delicious and health-conscious. By focusing on high-quality ingredients, the brand has carved out a unique position in the dessert industry. Honeymee’s True Milk ice cream, paired with 100% pure honey and honeycomb from a certified local bee farm, provides an indulgent yet wholesome treat. The brand has built a reputation for delivering an authentic taste without relying on artificial colors or flavors, making it a favorite among dessert lovers who appreciate quality and wellness benefits like improved digestive health and boosted antioxidants.

The core product at Honeymee is its signature True Milk ice cream, crafted from premium milk and combined with raw, natural honey and honeycomb. This simple yet flavorful dessert is free of artificial additives, making it both a sweet indulgence and a healthier option. Honeymee takes pride in sourcing its honey from a local, certified bee farm, ensuring the highest quality and nutritional benefits. The brand caters to health-conscious customers, families, and dessert enthusiasts, all seeking a treat that offers a balance of indulgence and wellness. The added benefits of honey, including its antibacterial and anti-viral properties, make Honeymee’s offerings even more appealing.

Honeymee currently operates 7 locations across the U.S., having grown steadily with a focus on high-quality products and operational efficiency. Although the brand has not yet expanded internationally, its U.S. presence is expanding as more customers discover the allure of their natural ice cream and honey-based desserts. Honeymee’s business model is designed to be scalable, with each location able to handle more than 55 orders per hour with fewer than three staff members per shift. This operational efficiency, combined with an average of over $900 in sales per hour, makes it an attractive option for potential franchisees looking to invest in a dessert brand with both growth potential and proven profitability.

Honeymee offers extensive support for its franchisees through its A-Z Program, which ensures new locations are set up for success from the very beginning. This program covers everything from the initial design and setup of the store to ongoing operational support. Franchisees and their staff receive in-depth training, focusing on the use of high-quality ingredients, customer service excellence, and creating a positive customer experience. Honeymee’s low staffing needs and streamlined operations allow franchisees to run their locations efficiently while maintaining high standards of product quality. The comprehensive support system ensures that each franchisee is equipped to succeed in the competitive dessert market.

Honeymee Franchise Insights

1. Honeymee locations average over $900 in sales per hour, with less than three staff members per shift, making it an efficient and profitable business model.
2. With only minimal staff required and a streamlined process, each Honeymee location can easily handle over 55 orders per hour, which supports scalability and rapid growth potential.
3. Honeymee’s signature True Milk ice cream, combined with 100% pure honey and honeycomb, stands out in the market for its natural, high-quality ingredients with no artificial colors or flavors.
4. Honeymee’s use of raw honey, sourced from a local certified bee farm, offers numerous health benefits, including antioxidants, digestive health, and antibacterial properties, making it a popular choice for health-conscious customers.
5. While Honeymee currently operates 7 locations, its domestic footprint continues to grow as more customers seek out its unique, high-quality dessert offerings.

Honeymee Franchise Key indicators

How much does it cost to open a Honeymee franchise?

Understanding the potential investment size and capital requirements is crucial when considering opening a Honeymee franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.

Min & Max Investment

Opening a Honeymee franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). you can see a breakdown of the costs to open a Honeymee below from the most recent Item 7 below:

Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.

Required Capital

Opening a Honeymee franchise or a similar dessert-focused franchise in the industry requires a substantial financial investment. Below are some key financial requirements for Honeymee and similar franchises, based on industry standards and the total investment range:

• Estimated Required Capital For Honeymee, the total investment ranges from $203,000 to $397,000. This includes everything needed to open a location, from initial construction or leasehold improvements to operational costs like marketing and supplies. Assuming that you will finance your franchise investment, you should plan to have 20% of the total investment amount in the form of equity (cash) for the investment.
• Liquid Assets Typically, dessert franchises in this range require franchisees to have liquid assets (cash or easily accessible funds) of at least $100,000 to $150,000. This ensures that franchisees have enough funds to cover operating expenses during the early stages before the business becomes profitable.
• Net Worth The net worth requirement for franchises like Honeymee is often around $500,000 to $1,000,000. This reflects the total value of assets owned by the franchisee, which includes personal savings, property, and other investments. A higher net worth requirement ensures the franchisee has the financial stability to handle the long-term costs and obligations of running a business.

How much does a Honeymee franchise owner make?

Calculating the salary of a Honeymee franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of a Honeymee franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.

Honeymee Revenue & Gross Sales

While specific median gross sales information for Honeymee franchises isn’t readily available, we can estimate their sales performance. Each Honeymee location averages over $900 in sales per hour, with the ability to handle more than 55 orders per hour. This suggests that the gross sales potential per day and year can be significant, especially considering the efficient staffing model that requires fewer than three employees per shift. These figures highlight Honeymee’s strong sales capacity, but the actual performance can vary depending on factors like location, customer demand, and local competition.

Which key factors impact the average revenue performance of Honeymee franchisees?

The performance of U.S. Honeymee franchisees is likely driven by several key factors. First, the brand’s focus on high-quality ingredients, including its signature True Milk ice cream and 100% pure honey, appeals to health-conscious consumers looking for indulgent yet wholesome treats. The growing demand for premium, natural desserts aligns well with current consumer trends, which favor healthier, authentic food options. Additionally, Honeymee’s efficient operational model, requiring minimal staff and streamlined processes, allows for higher sales volume with lower overhead costs. Strong customer loyalty, driven by the brand’s consistent quality and exceptional service, also plays a significant role in maintaining steady sales. Finally, effective marketing and a growing brand presence in key locations further support consistent performance across U.S. franchisees.

Honeymee Franchise Operational Costs

When considering opening a Honeymee franchise, it’s important to understand the primary ongoing operational costs that will directly impact the day-to-day running of the business. Below are the key ongoing operational costs you’ll need to account for:

• Ingredients and Supplies Regular purchases of high-quality milk, honey, and other ingredients to ensure product consistency. This will likely be one of the most significant costs for a dessert-focused franchise like Honeymee.
• Labor Costs While Honeymee locations operate efficiently with minimal staff, labor costs will still be a major ongoing expense. You’ll need to budget for employee wages, benefits, and training costs.
• Utilities Costs for electricity, water, and gas for the location, especially given the need for refrigeration and kitchen equipment to keep ingredients fresh and operational.
• Lease or Rent Payments Renting or leasing your location is another ongoing cost that can vary depending on your location and the size of the space.
• Insurance General liability, property, and workers’ compensation insurance will be necessary to protect the business and meet legal requirements.
• Maintenance and Repairs Regular maintenance of equipment, facilities, and signage to keep the franchise running smoothly and prevent any operational downtime.

These operational costs will vary based on location, size of the store, and market conditions, but planning for them is essential for the long-term success of your Honeymee franchise.

Honeymee Franchise Fees

When evaluating the financials of opening a Honeymee franchise, it’s important to understand the key ongoing fees that will affect your profitability. Below are the most important fees you should consider as part of the ongoing costs:

• Royalty Fee Honeymee charges a royalty fee of 6% of your gross sales. This fee helps fund the brand’s central operations, including ongoing support, brand development, and marketing, while giving you the rights to operate under the Honeymee name.
• Marketing Fee The marketing fee is up to 1% of your gross sales and contributes to national marketing campaigns. This fee helps fund broader initiatives that boost the Honeymee brand and increase customer awareness across various locations.
• Local Advertising Fee Franchisees are required to allocate 1% of their gross sales for local advertising. This fee is directed toward promoting your specific location, including local events, targeted marketing efforts, and community engagement to drive foot traffic and sales.
• Additional Fees There are additional fees for training programs, technology tools, and other services provided by Honeymee.

These fees play an essential role in the operation and success of Honeymee franchises, providing ongoing support and resources that contribute to the long-term profitability of your business.

Honeymee Franchise Earnings

While specific earnings data for Honeymee franchises is not available, we can provide an informed overview based on industry standards and franchise characteristics. In the dessert and frozen treats industry, franchisees can generally expect strong revenue potential, driven by the popularity of high-quality, unique products such as Honeymee’s True Milk ice cream and natural honey offerings. Factors like location, customer demand, operational efficiency, and local competition significantly impact earnings. Given Honeymee’s emphasis on premium ingredients and its ability to handle high order volumes with minimal staffing, franchisees are likely to see a steady stream of customers, especially in high-traffic areas or communities with health-conscious consumers.

Like other dessert franchises, Honeymee franchisees who invest in good locations, manage their operational costs carefully, and engage with their community through targeted promotions and advertising are likely to experience a positive return on investment over time.

How to Open a Honeymee Franchise

Becoming a Honeymee franchisee involves a clear, structured process designed to ensure both you and the brand are a good fit for long-term success. From the initial inquiry to the opening of your location, each step is focused on equipping you with the knowledge, resources, and support you need to effectively run the business. Below is an overview of the typical process to become a Honeymee franchisee:

1. Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
2. Franchise Application and Interview Once you’ve reviewed the FDD, you will complete a franchise application and participate in an interview process. This allows Honeymee to assess your qualifications, experience, and alignment with their brand values.
3. Approval and Franchise Agreement If you pass the interview stage, you’ll receive approval to proceed. At this point, you’ll sign a franchise agreement, which legally establishes the terms of your franchise relationship, including fees, operational responsibilities, and support expectations.
4. Site Selection and Lease Negotiation With the franchise agreement in place, you’ll work with Honeymee’s team to select a location for your business. Honeymee offers guidance in finding the ideal site based on market research and their proven model. Once you have identified the location, you’ll negotiate the lease terms.
5. Training and Pre-Opening Support Honeymee provides training to help you get up to speed on operations, customer service, and product preparation. This includes both in-depth training at their corporate office and on-site support to ensure you’re ready to run the business smoothly. You’ll also receive guidance on store setup, equipment installation, and marketing preparation.
6. Grand Opening and Start of Operations After completing the training and setting up your store, you’ll receive support for your grand opening. Honeymee assists with promotional efforts to attract customers, and once your location is up and running, you’ll be fully operational as a franchisee, with ongoing support available from the brand.

Pros & Cons

Pros

Unique Product Offering: Honeymee’s focus on high-quality, natural ingredients like True Milk ice cream and 100% pure honey sets it apart from competitors. The trend toward healthier, premium desserts aligns well with current consumer preferences for clean, natural products.

Efficient Operational Model: With fewer staff required per shift and the ability to handle high order volumes, Honeymee’s operational model is designed for efficiency. This can help keep overhead costs lower while maximizing sales potential, making it easier to manage and scale the business.

Minimal Staff Requirements: With an average of just three staff members per shift, Honeymee’s model reduces labor costs compared to other food service businesses. This contributes to higher profit margins and greater operational efficiency.

Cons

Limited Brand Recognition: While Honeymee has carved out a niche in the dessert market, it is still a relatively new and growing brand. As a result, it may face challenges in competing with larger, more established dessert franchises that already have a nationwide presence.

Dependence on Location: Like many food-based franchises, the success of a Honeymee franchise is highly dependent on the location. High-traffic areas are essential, and failure to secure the right site could impact revenue potential and profitability.

Seasonal Demand: The dessert and ice cream industry can experience fluctuations in demand, especially in colder months. Depending on the location, this could mean periods of lower sales, which would require effective marketing and cost management to maintain profitability year-round.