|
Below is an in-depth analysis and side-by-side comparison of The HoneyBaked Ham Company & Cafe vs Carusos Sandwich Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $292,900 - $567,600 | $110,000 - $250,000 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | 6% | - |
Advertising Fee | 3.25% | - |
Year Founded | 1957 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 7 years | - |
Term Of Agreement | 7 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/- |
Start-up Costs | No/No | No/- |
Equipment | No/No | No/- |
Inventory | No/No | No/- |
Receivables | No/No | No/- |
Payroll | 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/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 |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Our goal is to help people run profitable businesses that contribute to a healthy lifestyle for the owners, employees and community. We will work "hands on" with the store owners to ensure that successful operating policies and procedures are passed on.Caruso's Franchise Corporation is more than a company, We are a family! Quality food, great service, a fun atmosphere, and a great work environment create a quality business.