In a medium saucepan, combine the honey, hot sauce, apple cider vinegar, soy sauce, garlic powder, red pepper flakes, and black pepper.

Place the saucepan over medium heat and stir the mixture continuously.

Bring the mixture to a gentle simmer, then reduce the heat to low.

Stir the sauce occasionally and let it simmer for about 10 minutes.

After simmering, taste the sauce and adjust the flavor if needed.

Remove the saucepan from heat and let the sauce cool slightly.

Transfer the sauce to a jar or container for storage or use it immediately.