Signature Ham, Seller Financing, Smokin' Profits & Spiraling Growth!

Bourbonnais, IL

Seller Financing Available

Asking Price:$150,000
Inventory:$2,000
FF&E:$8,000
Gross Revenue:$510,703
Rent:$8,400/Month
Established Year:2020
BUSINESS DESCRIPTION

Turnkey Operation with Multiple Revenue Streams Ready for New Heights!

Semi-absentee opportunity with 4 revenue streams! Customers can’t resist the signature hams and sides at the retail space, while the gifting, lunch, and catering streams wrap up a year-round revenue package. It’s a recipe for success, offering flexibility and flavor in every slice of business.

Own the only Honey Baked Ham franchise in a 40-mile radius, in the heart of Kankakee. Since the current owner took the reins in December 2018, they've skillfully increased annual sales from $320,000 to $527,520, producing a juicy cash flow of $123,298. Marketing has been the secret sauce to build a loyal customer base that includes corporate clients like NuCor Steel and local healthcare institutions.

This is a turnkey opportunity, complete with $100,000 in fixtures, furniture, and equipment, alongside ample inventory to ensure a seamless operation. Supported by a dedicated team of 8 part-time employees, the business promises a smooth transition. Requiring just 10-15 hours/week from the owner, this operation affords the perfect balance for an investor or growth minded owner-operator. The Kankakee area is alive with potential customers from expanding local enterprises, making it ripe for targeted outreach to local businesses, schools, and factories.

HoneyBaked Ham Co. of Bourbonnais offers a taste of entrepreneurial success without the need to start from scratch. Sweetened with an option for seller financing, it's your opportunity to carve out new levels of success!

Inquire today for NDA by email!


DETAILED INFORMATION
Location
Bourbonnais, IL
Inventory
Included in asking price
Real Estate
Leased
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale price includes all of the assets required for running the business, which includes: martial arts equipment, including Wavemaster heavy bags, training bags, hand mitts, gloves, shin guards, sling bags, and belts; pro shop (retail) inventory; chairs; mirrors; mats; strike pads; office furniture desk and chair. Also includes exterior building signs, 4 televisions, security cameras, and computer equipment. These materials are valued at about $8,000. The franchise's inventory is also included and valued at $2,000.
Competition
The martial arts market is healthy and has experienced consistent growth every year for the past decade. Worth $8.16 billion in the US in 2020, and $9.05 billion in 2022, it is expected to grow even more in 2023. With more Americans returning to the workplace, children’s enrichment programs and after school programs have seen a major surge in demand and are generating consistent business. Premier Martial Arts is ranked on Entrepreneur Magazine Franchise 500 as as No. 1 in the Children’s Fitness Programs category and No. 140 overall!!
Growth & Expansion
Doubling their revenue and membership in 2023, these studios are ripe for expansion. Innovate with targeted marketing, community engagement, and strategic partnerships in suburbs with rising economic power. Leverage existing strong financials and a loyal customer base to enhance visibility and attract more students. A prime chance to elevate a well-established brand and significantly increase profitability.
Financing
Some seller financing available
Support & Training
Tons of support from the seller available. The franchisor provides 56 hours of classroom training a&nd 2 hours of on the job training. Plus: ongoing education, field operations support, meetings & conventions, purchasing co-ops, proprietary software. Marketing support includes Social media, website development, regional marketing, email marketing, and more.
Reason for Selling
Undisclosed
Franchise
This business is an established franchise
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