Franchise opportunities compared
Subway vs The Honey Baked Ham Co.
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Initial investment · Item 7
Subway
$227,000 – $458,000
2026 FDD · Item 7The Honey Baked Ham Co.
$581,400 – $876,950
2025 FDD · Item 7 · PDF p. 19Initial franchise fee · Item 5
Subway
$15,000
2026 FDD · Item 5 · PDF p. 29The Honey Baked Ham Co.
$15,000
2025 FDD · Item 5 · PDF p. 12Royalty · Item 6
Subway
8%
2026 FDD · Item 6 · PDF p. 36The Honey Baked Ham Co.
6%
2025 FDD · Item 6 · PDF p. 12Before you compare
- Subway figures come from its 2026 FDD and The Honey Baked Ham Co. figures from its 2025 FDD, so the years differ.
- Subway discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Only The Honey Baked Ham Co. has reviewed Item 19 figures here.
Financial commitment
Subway
The Honey Baked Ham Co.Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
System scale & health
SubwayThe Honey Baked Ham Co.Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Subway
The Honey Baked Ham Co.
Financial performance (Item 19), by location group
SubwayNot disclosed — no Item 19 financial performance representation
The Honey Baked Ham Co.Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Subway vs The Honey Baked Ham Co.: common questions
- Which costs less to open, Subway or The Honey Baked Ham Co.?
- Subway: $227,000 – $458,000 (2026 FDD · Item 7); The Honey Baked Ham Co.: $581,400 – $876,950 (2025 FDD · Item 7 · PDF p. 19). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Subway. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- How do Subway and The Honey Baked Ham Co. royalties compare?
- Subway: 8% (2026 FDD · Item 6 · PDF p. 36); The Honey Baked Ham Co.: 6% (2025 FDD · Item 6 · PDF p. 12). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Which has more locations, Subway or The Honey Baked Ham Co.?
- Subway: 18,773 (2026 FDD · Item 20 · PDF p. 94); The Honey Baked Ham Co.: 439 (2025 FDD · Item 20 · PDF p. 48). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Subway and The Honey Baked Ham Co. disclose financial performance (Item 19)?
- Subway makes no Item 19 financial performance representation; The Honey Baked Ham Co. has reviewed Item 19 figures for 32 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.
Keep researching
Full Subway report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full The Honey Baked Ham Co. report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
