The Steak Escape vs The HoneyBaked Ham Company & Cafe Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Steak Escape 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
  The Steak Escape The HoneyBaked Ham Company & Cafe
Investment 190200 - 1300000 292900 - 567600
Franchise Fee 0 0
Royalty Fee 6% 6%
Advertising Fee 3.25%
Year Founded 1982 1957
Year Franchised 1983 1998
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  The Steak Escape The HoneyBaked Ham Company & Cafe
Experience General business experience Industry experience General business experience Marketing skills

Financing Options
  The Steak Escape The HoneyBaked Ham Company & Cafe
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  The Steak Escape The HoneyBaked Ham Company & Cafe
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, Toll-free phone line, Grand opening, Internet, Field operations/evaluations 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 International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (75% 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
  The Steak Escape 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
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
The Steak Escape
The HoneyBaked Ham Company & Cafe
Franchise Fee
The Steak Escape
The HoneyBaked Ham Company & Cafe
Royalty Fee
The Steak Escape 6%
The HoneyBaked Ham Company & Cafe 6%
Advertising Fee
The Steak Escape
The HoneyBaked Ham Company & Cafe 3.25%
Year Founded
The Steak Escape 1982
The HoneyBaked Ham Company & Cafe 1957
Year Franchised
The Steak Escape 1983
The HoneyBaked Ham Company & Cafe 1998
Term Of Agreement
The Steak Escape 20 years
The HoneyBaked Ham Company & Cafe 7 years
Renewal Fee
The Steak Escape
The HoneyBaked Ham Company & Cafe


Business Experience Requirements
Experience
The Steak Escape General business experience
The HoneyBaked Ham Company & Cafe Industry experience General business experience Marketing skills

Financing Options
 
Franchise Fees
The Steak Escape No
The HoneyBaked Ham Company & Cafe No
Start-up Costs
The Steak Escape
The HoneyBaked Ham Company & Cafe
Equipment
The Steak Escape}
The HoneyBaked Ham Company & Cafe
Inventory
The Steak Escape
The HoneyBaked Ham Company & Cafe
Receivables
The Steak Escape
The HoneyBaked Ham Company & Cafe
Payroll
The Steak Escape
The HoneyBaked Ham Company & Cafe

Training & Support
Training
The Steak Escape
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
The Steak Escape Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
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
The Steak Escape
The HoneyBaked Ham Company & Cafe Co-op advertising, Ad slicks, National media, Regional advertising
Operations
The Steak Escape International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)
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
The Steak Escape
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
The Steak Escape
The HoneyBaked Ham Company & Cafe
International Expansion
The Steak Escape
The HoneyBaked Ham Company & Cafe