Larry's Giant Subs vs The HoneyBaked Ham Company & Cafe Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Larry's Giant 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 |
Investment |
$136,800 - $201,900 | $292,900 - $567,600 |
Franchise Fee |
$20,000 | $30,000 |
Royalty Fee |
6% | 6% |
Advertising Fee |
- | 3.25% |
Year Founded |
1982 | 1957 |
Year Franchised |
1986 | 1998 |
Term Of Agreement |
10 years | 7 years |
Term Of Agreement |
10 years | 7 years |
Renewal Fee |
$1K | - |
Business Experience Requirements |
Experience |
Industry experience General business experience | Industry experience General business experience Marketing skills |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | No/No |
Start-up Costs |
No/No | No/No |
Equipment |
No/No | No/No |
Inventory |
No/No | No/No |
Receivables |
No/No | No/No |
Payroll |
No/No | No/No |
Training & Support |
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, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | 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, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12
Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
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 |
US Expansion |
- | Yes |
Canada Expansion |
No | No |
International Expansion |
No | No |
Company Overviews
About Larry's Giant Subs
"Larry's formula for success: Quality, Honesty, Reliability - We Set the Standard!"
Larry Raikes - Larry's Giant Subs"I'm very proud of our franchise owners. They've helped make our company the best it can be.
In 1982, my brother Mitchell and I opened the first Larry's Giant Subs in Jacksonville, Florida. We offered extraordinary quality then, as we still do today. Our franchisees share our commitment to serving the very best. And we've all been successful using this simple formula."
The first thing you need to know about Larry's Giant Subs is that we do everything in a Big Way. This means we are Quality Driven. We serve only the best . . . no compromises. That's why we are different. That's why we are better.
To be a Larry's Giant Subs Franchisee, all you need is enthusiasm and perseverance. This system was designed by aspiring entrepreneurs and that is who it's tailored to fit. Mitchell Raikes said it best: "We are only as good as the sandwich that comes across the counter and the smiling face that prepares and serves it. Take pride in what you do and be the best that you can be".
The future looks especially bright for the sandwich section of the fast food industry. Sandwiches and salads may be hot but Larry's Giant Subs is even hotter.
Simply put, we believe Larry's Giant Subs sandwiches are the best you can buy. A better sandwich means a better opportunity for you. If you would like to own an exciting business in a growing market segment then a Larry's Giant Subs Franchise could be for you.
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.
The total investment necessary to begin operation of a
HoneyBaked Ham
Store ranges from $292,900 to $567,600. This includes initial fees of
$45,900
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.