The HoneyBaked Ham Company & Cafe vs Mr. Hero Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The HoneyBaked Ham Company & Cafe vs Mr. Hero including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  The HoneyBaked Ham Company & Cafe Mr. Hero
Investment 292900 - 567600 113000 - 305000
Franchise Fee 0 0
Royalty Fee 6% 5.50%
Advertising Fee 3.25%
Year Founded 1957 1965
Year Franchised 1998 1970
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  The HoneyBaked Ham Company & Cafe Mr. Hero
Experience Industry experience General business experience Marketing skills Industry experience General business experience Marketing skills

Financing Options
  The HoneyBaked Ham Company & Cafe Mr. Hero
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  The HoneyBaked Ham Company & Cafe Mr. Hero
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 Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising 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) International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

Expansion Plans
  The HoneyBaked Ham Company & Cafe Mr. Hero
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 HoneyBaked Ham Company & Cafe
Mr. Hero
Franchise Fee
The HoneyBaked Ham Company & Cafe
Mr. Hero
Royalty Fee
The HoneyBaked Ham Company & Cafe 6%
Mr. Hero 5.50%
Advertising Fee
The HoneyBaked Ham Company & Cafe 3.25%
Mr. Hero
Year Founded
The HoneyBaked Ham Company & Cafe 1957
Mr. Hero 1965
Year Franchised
The HoneyBaked Ham Company & Cafe 1998
Mr. Hero 1970
Term Of Agreement
The HoneyBaked Ham Company & Cafe 7 years
Mr. Hero 10 years
Renewal Fee
The HoneyBaked Ham Company & Cafe
Mr. Hero


Business Experience Requirements
Experience
The HoneyBaked Ham Company & Cafe Industry experience General business experience Marketing skills
Mr. Hero Industry experience General business experience Marketing skills

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

Training & Support
Training
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
Mr. Hero
Support
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
Mr. Hero Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
The HoneyBaked Ham Company & Cafe Co-op advertising, Ad slicks, National media, Regional advertising
Mr. Hero Co-op advertising, Ad slicks, National media, Regional advertising
Operations
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)
Mr. Hero International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

Expansion Plans
US Expansion
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
Mr. Hero
Canada Expansion
The HoneyBaked Ham Company & Cafe
Mr. Hero
International Expansion
The HoneyBaked Ham Company & Cafe
Mr. Hero