HoneyBaked Ham
According to its Franchise Disclosure Document or public business records, HoneyBaked Ham has 26 locations, all owned by franchisees. Public SBA loan records show 20 lenders made 29 loans to franchisees of HoneyBaked Ham. PeerSense calculates HoneyBaked Ham's score as 61 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
What is the HoneyBaked Ham franchise?
HoneyBaked Ham is a limited service restaurant business that sells prepared ham and turkey. Customers can buy meals for gatherings and catering.
The concept centers on spiral sliced, glazed ham and turkey, along with prepared food for customers who want a convenient meal for a special occasion.
Loan Activity Score
61/100
SBA Default Rate
13.8%
Active Lenders
20
26 locations
26
26 franchised
Proprietary PeerSense metric
ModerateDistinct lenders in public SBA records for HoneyBaked Ham
29
Total SBA loans
$381K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for HoneyBaked Ham
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
13.8%
vs 10.3% peer avg
SBA Loans
29
Total Volume
$11.1M
Active Lenders
20
1 selective
States
15
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for HoneyBaked Ham based on SBA lending data
SBA Default Rate
13.8%
3.5% above peer avg
SBA Loan Volume
29 loans
Across 20 lenders
Lender Diversity
20 lenders
Avg 1.4 loans per lender
HoneyBaked Ham: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2003
3 approvals. The best year on record for HoneyBaked Ham.
Top SBA State
Florida
4 SBA financed HoneyBaked Ham locations, the densest operator footprint.
Average Loan Size
$348K
Median $253K. Use as a sizing anchor when modeling your own HoneyBaked Ham unit.
Lender Concentration
50%
Concentrated
Share of HoneyBaked Ham approvals captured by the top 3 SBA lenders.
HoneyBaked Ham's SBA lending pipeline peaked in 2003 (3 approvals). Operator density is highest in Florida with 4 SBA financed locations. Average funded ticket sits at $348K, with the median at $253K. Lender mix is concentrated: the top three SBA lenders account for 50% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$5,176
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
HoneyBaked Ham, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman