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

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

Start-Up Costs and Fees
  The HoneyBaked Ham Company & Cafe The Steak Escape
Investment 292900 - 567600 190200 - 1300000
Franchise Fee 0 0
Royalty Fee 6% 6%
Advertising Fee 3.25%
Year Founded 1957 1982
Year Franchised 1998 1983
Term Of Agreement
Term Of Agreement
Renewal Fee


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

Financing Options
  The HoneyBaked Ham Company & Cafe The Steak Escape
 
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 The Steak Escape
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, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
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) 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)

Expansion Plans
  The HoneyBaked Ham Company & Cafe The Steak Escape
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
The Steak Escape
Franchise Fee
The HoneyBaked Ham Company & Cafe
The Steak Escape
Royalty Fee
The HoneyBaked Ham Company & Cafe 6%
The Steak Escape 6%
Advertising Fee
The HoneyBaked Ham Company & Cafe 3.25%
The Steak Escape
Year Founded
The HoneyBaked Ham Company & Cafe 1957
The Steak Escape 1982
Year Franchised
The HoneyBaked Ham Company & Cafe 1998
The Steak Escape 1983
Term Of Agreement
The HoneyBaked Ham Company & Cafe 7 years
The Steak Escape 20 years
Renewal Fee
The HoneyBaked Ham Company & Cafe
The Steak Escape


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

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

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
The Steak Escape
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
The Steak Escape Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing
The HoneyBaked Ham Company & Cafe Co-op advertising, Ad slicks, National media, Regional advertising
The Steak Escape
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)
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)

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
The Steak Escape
Canada Expansion
The HoneyBaked Ham Company & Cafe
The Steak Escape
International Expansion
The HoneyBaked Ham Company & Cafe
The Steak Escape