HonesT Franchise Analysis

Franchise Opportunity Facts

HonesT is a fast-casual service restaurant specializing in the sale of freshly prepared, non-frozen, Indian street food dishes cooked to order.

How much does a HonesT franchised business cost to open?

HonesT has an initial franchise fee of up to $20,000, with a overall initial investment range of $479,900 to $733,550.

• Initial Franchise Fee: $20,000
• Total Investment: $479,900 to $733,550
• Working Capital: $80,000 to $120,000
• Royalty Fee: 5.5%

The initial cost of any franchised business includes multiple fees. Explore this franchise opportunity to better understand the initial costs required to own a HonesT, such as territory fees, leasehold improvement costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchisors are required to provide you with details about all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay. Another important consideration to review is whether the initial fees are refundable to you or not. The franchise system must disclose what conditions any of the initial fees are refundable. A franchise must also provide details of a range of fees if its upfront fees are not uniform within the system. A careful review of the Item 5 upfront fees will give you the answers needed to make a buying decision a HonesT.

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How much does a HonesT franchise owner make?

As with any new business, there should be a strong ROI and profit potential. The specific franchisee's income and the profits from a HonesT business will depend on many factors. One way to check on the potential revenues or profits earned from a HonesT franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as overall systemwide sales. This type of financial disclosure is not always helpful to determine profits for you directly. So review systemwide sales data with caution. As a general rule, typically earnings and owner's salary are equitable to the overall size of the upfront investment. The larger the initial investment, the higher profits you should expect to see

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How many franchise locations do they have?

As of the 2020 Franchise Disclosure Document, there are 13 franchised HonesT locations throughout the USA.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any HonesT franchises in my city?

Based on 2020 FDD information, HonesT has franchised locations in 8 states.

Based on our research this franchise is expanding into new regions and might be available near you. While planning your franchise purchase, you always need to be considering what is a good location for my business. Anlayze the potential customer base to confirm that your city has a need or want for this brand.

One of our franchise advisors will have detailed knowledge about this brand. Unlock to learn more and connect with our researchers.

Last Reviewed: 2020