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Updated RecentlyFirehouse Subs vs The HoneyBaked Ham Company & Cafe Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Firehouse Subs vs The HoneyBaked Ham Company & Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $57,502 - $868,696 | $292,900 - $567,600 |
| Franchise Fee | $20,000 | $30,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3-5% | 3.25% |
| Year Founded | 1994 | 1957 |
| Year Franchised | 1995 | 1998 |
| Term Of Agreement | - | 7 years |
| Term Of Agreement | - | 7 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | 1. Minimum of $80k to invest 2. Credit score of 650+ 3. Strong inner drive for excellence 4. Devotion to your Firehouse Subs business 5. Motivated and community-minded 6. Must love subs! | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | Comprehensive two-week training, both in-store and in a classroom. Ongoing training through conferences and webinars. On-The-Job Training: 97 hours Classroom Training: 25 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | - |
25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 7 - 10
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | No |
| International Expansion | Yes | No |
Company Overviews
About Firehouse Subs
Our extraordinary steaming procedure stirs our exceptional meats and cheeses. At the point when our sub sandwiches are served in eateries highlighting genuine firefighting stylistic layout, this is a blend people return for over and over.
Spreading Like Wildfire
Surpassing 1,000 establishment areas, our Firehouse Subs development is deliberately figured to improve potential, gain, speculation, and obviously, our franchisees' prosperity.
Operational Excellence
With an always developing history of inventive items, an emphasis on uncommon client benefit, and a stand-out brand character, Firehouse Subs is focused on building benefit for franchisees.
Enjoy More Subs Save More Lives
The total investment necessary to begin operation of a single Firehouse Subs Restaurant ranges from $57,502 to $862,591 for Traditional restaurants; $355,118 to $644,047 for End-Cap Strip Mall Restaurants w/
Drive Thru; and $868,696 for Free-Standing Restaurants w/ Drive Thru.
These totals include the following amounts that must be paid to the
franchisor or their affiliates: an initial franchise fee of $20,000; the
fee for a mural ranges from $3,000 to $4,600; and the MIS System Fee
ranges from $0 to $1,200.
If you sign an Area Development Agreement, you
will also pay a Development Fee equal to $10,000 times the number of
Restaurants to be developed. The portion of the Development Fee
allocable to each Restaurant (which is $10,000 for each Restaurant) will
be credited against the initial franchise fee for that Restaurant. The
total investment necessary to develop from 2 to 5 Restaurants is $89,502
to 930,591 for Traditional Restaurants; $387,118 to $712,047 for
End-Cap Strip Mall Restaurants / Drive Thru; $900,696 to $936,690 for
Free-Standing Restaurants w/ Drive Thru.
Veteran Incentives $2,000 off first-store franchise fee
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#59 in Franchise 500 for 2020.
#78 in Franchise 500 for 2021.
About The HoneyBaked Ham Company & Cafe
After inventing the spiral slicer, Harry Hoenselaar founded The HoneyBaked Ham Co. and Cafe in 1957. Family-owned and operated for three generations, the company has more than 300 locations in the United States. Incorporated in 1974, the Atlanta-based company has a catalog division, corporate sales businesses and a temporary holiday store system. The company purchased The Hickory Ham Co. and its 40 franchise stores. In addition to its sweetly glazed ham, the company offers HoneyBaked turkey breast, side dishes, cheesecake, key lime pie and sandwiches. HoneyBaked Ham offers a corporate gift-giving program, employee recognition options, and catered meals for holidays and business functions.
to $50,500 that must be paid to the franchisor or their affiliate(s).
If you sign an Area Development Agreement to develop multiple HoneyBaked Ham
Stores, you will pay a Development Fee to the franchisor in the amount
of $10,000 for each Store that you agree to develop.
Veteran Incentives $10,000 off first-store franchise fee
#173 in Franchise 500 for 2020.
#257 in Franchise 500 for 2021.