Is Pekoe Tea Bar or The Honey Baked Ham Co. cheaper to open?

Pekoe Tea Bar costs $496,000–$855,000 and The Honey Baked Ham Co. costs $514,200–$829,600 to open (FDD Item 7). Pekoe Tea Bar has the lower entry cost.

Which is the better franchise, Pekoe Tea Bar or The Honey Baked Ham Co.?

FranchiseVerdict grades Pekoe Tea Bar B and The Honey Baked Ham Co. A, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Pekoe Tea Bar vs The Honey Baked Ham Co.

Franchise Comparison 2026

Both Pekoe Tea Bar and The Honey Baked Ham Co. are quick-service restaurants franchises. Pekoe Tea Bar requires an investment of $496K – $855K while The Honey Baked Ham Co. requires $514K – $830K. The Honey Baked Ham Co. discloses average revenue of $984K; Pekoe Tea Bar makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. Note: Reported as net sales, not gross sales. FranchiseVerdict rates Pekoe Tea Bar B (Above average) and The Honey Baked Ham Co. A (Strongest tier).

Metric	Pekoe Tea Bar	The Honey Baked Ham Co.
Verdict Grade	BAbove average	AStrongest tier
Investment Range	$496K – $855K	$514K – $830K
Franchise Fee	$40K	$20K
Royalty Rate	6.0%	6.0%
Average Revenue (Item 19)	N/ANo Item 19 representation	$984K
SBA Charge-Off Rate	N/A	Limited data
Total Units	5	448
Unit Growth (YoY)	+0 units	+4 units
Year Began Franchising	2025	1998
FDD Year	2025	2026