Start-Up Costs and Fees |
||
| Cheba Hut Toasted Subs | The HoneyBaked Ham Company & Cafe | |
| Investment | 575900 - 939700 | 292900 - 567600 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | 3.25% |
| Year Founded | 1998 | 1957 |
| Year Franchised | 2002 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cheba Hut Toasted Subs | The HoneyBaked Ham Company & Cafe | |
| Experience | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. | Industry experience General business experience Marketing skills |
Financing Options |
||
| Cheba Hut Toasted Subs | The HoneyBaked Ham Company & Cafe | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cheba Hut Toasted Subs | The HoneyBaked Ham Company & Cafe | |
| Training | On-The-Job Training: 84 hours Classroom Training: 84 hours | 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 | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates Social media SEO Website development | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | 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 |
||
| Cheba Hut Toasted Subs | The HoneyBaked Ham Company & Cafe | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Franchise Fee | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Royalty Fee | |
| Cheba Hut Toasted Subs | 6% |
| The HoneyBaked Ham Company & Cafe | 6% |
| Advertising Fee | |
| Cheba Hut Toasted Subs | 2% |
| The HoneyBaked Ham Company & Cafe | 3.25% |
| Year Founded | |
| Cheba Hut Toasted Subs | 1998 |
| The HoneyBaked Ham Company & Cafe | 1957 |
| Year Franchised | |
| Cheba Hut Toasted Subs | 2002 |
| The HoneyBaked Ham Company & Cafe | 1998 |
| Term Of Agreement | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | 7 years |
| Renewal Fee | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
Business Experience Requirements |
|
| Experience | |
| Cheba Hut Toasted Subs | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
| The HoneyBaked Ham Company & Cafe | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Start-up Costs | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Equipment | |
| Cheba Hut Toasted Subs} | |
| The HoneyBaked Ham Company & Cafe | |
| Inventory | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Receivables | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| Payroll | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
Training & Support |
|
| Training | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| The HoneyBaked Ham Company & Cafe | 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 | |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| The HoneyBaked Ham Company & Cafe | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| The HoneyBaked Ham Company & Cafe | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
| The HoneyBaked Ham Company & Cafe | 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 | |
| Cheba Hut Toasted Subs | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| The HoneyBaked Ham Company & Cafe | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |
| International Expansion | |
| Cheba Hut Toasted Subs | |
| The HoneyBaked Ham Company & Cafe | |