The New York Butcher Shoppe vs Honey Baked Ham
The New York Butcher Shoppe vs Honey Baked Ham: The New York Butcher Shoppe costs $250K to $350K to open; Honey Baked Ham costs $431K to $877K. The New York Butcher Shoppe has 14 units, Honey Baked Ham has 22. SBA loan history: The New York Butcher Shoppe = 17 loans (0.0% default); Honey Baked Ham = 24 loans (25.0% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
The New York Butcher Shoppe vs Honey Baked Ham: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
The New York Butcher Shoppe requires the lower minimum capital commitment ($250K vs $431K for Honey Baked Ham), a 42% spread. Initial franchise fees come in at $390K for The New York Butcher Shoppe versus $15K for Honey Baked Ham, Honey Baked Ham has the lower entry fee. Ongoing royalty load is 4% for The New York Butcher Shoppe and 6% for Honey Baked Ham, giving The New York Butcher Shoppe the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, Honey Baked Ham operates 22 units to The New York Butcher Shoppe's 14. Honey Baked Ham has been operating 69 years (founded 1957) versus 27 for The New York Butcher Shoppe (founded 1999), a 42-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Honey Baked Ham has the deeper SBA lending track record, with 24 7(a) approvals compared with 17 for The New York Butcher Shoppe.
Risk Signal
SBA default rates are 0.0% for The New York Butcher Shoppe and 25.0% for Honey Baked Ham, The New York Butcher Shoppe has the cleaner SBA loss record by 25.0 points. PeerSense FPI scores come in at 73 (Strong) for The New York Butcher Shoppe and 28 (Fair) for Honey Baked Ham, giving The New York Butcher Shoppe the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 73/100 | 28/100 |
Health Tier | Strong | Limited |
Confidence | N/A | N/A |
Lending Trend | Growing | Declining |
SBA Lending
SBA Loans | 17 | 24 |
SBA Volume | – | – |
Default Rate | 0.0% | 25.0% |
Peer Tier | growing | growing |
Investment & Costs
Total Investment | $250K to $350K | $431K to $877K |
Franchise Fee | $390K | $15K |
Royalty Rate | 4% | 6% |
Ad Fund | 1.5% | 4.25% |
Liquid Capital | $50K | N/A |
Net Worth Required | N/A | N/A |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 14 | 22 |
Franchised Units | 14 | 22 |
Company Owned | – | – |
Term Length | N/A | 10 yrs |
Brand Information
Year Founded | 1999 | 1957 |
Franchising Since | 2023 | N/A |
Years Franchising | 3 yrs | N/A |
Headquarters | Greenville, SC | Alpharetta, GA |
Category | Meat Markets | Meat Markets |
Website | ||
FDD Year | N/A | 2026 |
Which Is Better, The New York Butcher Shoppe or Honey Baked Ham?
Lower upfront capital required
Tie
The New York Butcher Shoppe: $250K starting · Honey Baked Ham: $431K starting
More SBA lender confidence
Honey Baked Ham
The New York Butcher Shoppe: 17 SBA loans · Honey Baked Ham: 24 SBA loans
Lower SBA default rate
The New York Butcher Shoppe
The New York Butcher Shoppe: 0.0% · Honey Baked Ham: 25.0%
Larger system & brand presence
Tie
The New York Butcher Shoppe: 14 units · Honey Baked Ham: 22 units
Lower ongoing royalty load
The New York Butcher Shoppe
The New York Butcher Shoppe: 4% · Honey Baked Ham: 6%
More lender financing options
Honey Baked Ham
The New York Butcher Shoppe: 11 unique lenders · Honey Baked Ham: 12 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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The New York Butcher Shoppe vs Honey Baked Ham: Franchise Funding Comparison
Comparing The New York Butcher Shoppe and Honey Baked Ham is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $250K to $877K.
The New York Butcher Shoppe has 17 SBA loans on record and Honey Baked Ham has 24. Those totals are cumulative history rather than a measure of current appetite. Recent lending activity is trending down for at least one of these brands, so current lender appetite has to be checked deal by deal rather than assumed from the totals.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
The New York Butcher Shoppe vs Honey Baked Ham, Frequently Asked Questions
Which is a better franchise investment, The New York Butcher Shoppe or Honey Baked Ham?
How much does a The New York Butcher Shoppe franchise cost compared to Honey Baked Ham?
Can I finance The New York Butcher Shoppe or Honey Baked Ham with an SBA loan?
Which has a lower SBA default rate, The New York Butcher Shoppe or Honey Baked Ham?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman