Home » Charleys Philly Steaks Franchise Cost, Review, Profit You Should Know About

Charleys Philly Steaks Franchise Cost, Review, Profit You Should Know About

charleys philly steaks franchise
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Charleys philly steaks franchise – The story begins in 1985, with Charley Philly Steaks founder  Charley Shin testing the Philly Cheesesteak for the first time. These cheesesteaks so inspired him that he began experimenting with and perfecting a recipe for his Cheesesteak and that passion turned him into an entrepreneur when he founded Charley’s Steakery in 1986. With a low investment and simple process and operations, Charley Philly Steaks delivers its franchise with a lower operating investment as a percentage of total sales.

Starting with 450 square feet near Ohio State University, the campus quickly became popular among college students. The shop began selling freshly baked Philly Cheesesteaks as well as gourmet fries and lemonades. Charley’s Steakery will become Charley’s Grilled Subs in 2020, with an emphasis on the “grilled-fresh-in-front-of-you” concept. After ten years, Charley’s Grilled Subs considers a brand name Charleys Philly Steaks in 2012. 

Charleys Philly Steaks serves such cheesesteaks to their customers, which are made with 100 percent USDA choice steak, 100 percent all-white chicken, natural cheeses, and hand-cut veggies, making them the #1 Cheesesteak in the World, which is unique in the QSR industry.

charleys philly steaks franchise

What is the Charleys Philly steaks franchise?

Charleys has expanded across 17 countries and 46 states in the United States over the course of its 33-year journey. The Charleys cheesesteak is available in a variety of locations, including retail shops, strip malls, airports, and military bases. With such early success, the brand decided to embark on a franchise journey in a few years with like-minded individuals who shared a passion for Cheesesteak. Being Charley’s franchisee means joining a logical network full of successful marketers, operators, and business owners. 

 They serve delicious, made-to-order food without sacrificing quality. Charleys Philly Steaks can be found in 17 countries in a variety of settings, both traditional and non-traditional.

A structured developed program guide, which includes financing opening, will benefit franchisees. An advisory counselor or franchise manager who supports marketing, operations, and other ongoing processes ensures the brand’s franchise success. With these benefits, Charley’s cheese stake is considered one of the most affordable options in the food and cheese stake industry. 

Charleys Philly Steaks franchise opportunity 

With 30 years of franchising experience, Charley’s has gained sufficient industry experience with a structured business model, particularly in selecting the ideal market for franchise owners and assisting owners with flexible and versatile businesses. They do not only offer non-traditional locations, but also non-traditional gas stations and co-branding opportunities. To date, Charlie’s has grown to over 630 stores in 47 states and 17 countries, with more on the way. 

Aside from their popularity, the company claims that cheesesteaks and wings are underrepresented in the current market scenario. This indicates a significant future opportunity for cheesesteak entrepreneurs who are interested in such a business vertical. This is a company that has developed a proven business prototype model as well as a leadership concept and has projected that the opportunity of 300 locations has the potential to grow to 3000 locations in North America alone. 

As a result, Charleys Philly steaks is the first-mover opportunity for business owners who want to own a food business that is recognised for its superiority in food and location across the market.

Facts About Charleys Philly Steaks  Franchise

If you’re looking for a delicious and unforgettable steak dinner, look no further than Charlie’s Philly Steaks! This award-winning restaurant is known for its mouth-watering steaks and is a must-try for anyone visiting Charleys Philly Steaks in your neighborhood.

Charlie’s Philly Steaks was founded in 1975 by Charlie Trotter, who is considered one of the pioneers of American steakhouse cuisine. The restaurant has since expanded to include locations in Philadelphia, Atlanta, and Miami, and is known for its delicious steak and food menus.

If you’re looking for a low-cost and good profit margins business, look no further than Charlie’s Philly Steaks franchise

Charleys Philly Steaks Franchise Information
Industry TypeFood & Beverages
Sub CategoryPhilly, CheeseSteaks and Sandwiches
Year Established1986
Company NameGosh Enterprises Inc.
Founder/Management HeadCharley Shin
Franchising Started1991
Employees at Company H.O100 + employees at H.0
Franchise Expansion PlanUnited States & Canada
Number of Units643 (as of 2021)
Social Media HandlesFacebook
Twitter
Youtube
Instagram
Company Office location2500 Farmers Dr., #140Columbus, OH 43235

Charleys Philly steaks Franchise Requirements

To open a Charleys Philly steak franchise, you will need to meet certain requirements. These requirements vary depending on the location. You will also need to have a business license, franchise insurance, and a bank account in good standing. The franchise requirements are 

  • Candidates must have a successful track record in their P&L responsibility.
  •  prior experience managing people or implementing marketing programs. 
  • experience in retail management or ownership.
  • a good credit score.
  • a net financial requirement of $500.
  • a liquid capital of $150,000.

charleys philly steaks franchise

How much does a Charleys Philly steaks franchise cost

The most important question is how much a franchise of Charlie’s Philly Steaks costs. So the franchise’s initial investment ranges from $258,469 to $739,248. The franchise fee will range between $24,000 and $24,500. 

It will cost $15,000 for each additional Charley Philly steaks unit. Franchisees will receive a comparatively low royalty fee of 6% on gross sales and 1% on advertising royalties. The franchise requires a net worth of $500,000 and net cash or liquid requirement of approximately $150,000. Veterans will be eligible for a 50% franchise fee waiver.

Charleys Philly Steaks Franchise Initial and On-go-going Cost

  1. Charleys Philly Steaks Franchise Fees – $ 24,500
  2. The Charleys Philly Steaks Franchise Cost – $258,469 – $739,248
  3. Royalty Fees – 6%
  4. Advertising Fees – 1%
  5. Franchise Agreement Team – 10 years
  6. Renewal Franchise Fees- 50 % of Initial Franchise fees

Other Charley’s Philly steaks franchise costs are associated with starting a Charley’s Philly steaks franchise business. All the above numbers in this article are based on the updated Charleys Philly steaks franchise disclosure document.

Charleys Philly Steaks Training & Support Offered

The brand is well-known for its superiority in site selection, which assists franchisees in building a successful business in the market. Aside from that, they offer guidance for financial assistance, store construction and interior design, and an initial training program prior to opening.

 The franchise training program last at least three weeks and included 60 hours of classroom instruction and 90 hours of on-the-job training. Two people per location must attend training to learn the tools and skills needed to run the store smoothly. 

A dedicated professional support team will be assigned on-site for all operations prior to opening; this team will help to train employees and support the first 10 days of the location’s successful launch.

Charleys Philly Steaks Operations & Support

Following the opening of the store, the brand will provide you with ongoing operational assistance such as Purchasing Co-ops, Meetings & Conventions, Toll-Free Line, Toll-Free Line, and so on. One of the unique services they offer is performing coaching for their franchises. 

They also offer low-cost food assistance, ongoing business development, and a variety of other operational services. They also offer marketing services such as cooperative advertising, national media, marketing planning, regional advertising, loyalty programs/apps, and so on.

What is Charley’s Philly steaks  Franchise Term of Agreement and Renewal?

The initial term of the franchise agreement for the Charlie’s Philly Steaks franchise is ten years. If franchisees are performing as expected, they are eligible for renewal. The renewal process includes an option for an additional ten years.

charleys philly steaks franchise

Does Charley’s Philly steaks Franchise provide Financial Assistance?

The Charleys Philly steaks company does not provide direct financing. The company franchisor cannot provide any lease or note obligation for franchisee guarantee. 

As long as the company has a relationship with an investor, it can provide third-party franchise loans to cover start-up costs, inventory, equipment, payroll, and accounts receivable. SBA financing may be available to assist with the purchase of a franchise.

How to get  Franchise Insurance?

Franchise insurance is a type of insurance that businesses in the franchise system should have. Franchises are businesses with a distinctive name, design, and system of operation. A franchisee is a business owner who has purchased a franchise from a franchisor. 

To hedge over the risk, I recommend you buy franchise insurance before owning a Charleys Philly Steaks franchise.

Pros & Cons of charleys Philly steaks Franchise

There are a lot of pros and cons to owning a charleys Philly steak franchise. On the pro side, Charley’s Philly steak franchise offers a high-quality product at a reasonable price. The steak is often cooked to perfection and customers can count on receiving their order quickly. In addition, Charley’s Philly steak franchise offers a wealth of marketing and promotional opportunities.

On the con side, a Charley’s Philly steak franchise can be expensive to set up and maintain. The cost of food and beverages can also be high, particularly if the franchise is located in a high-traffic area. 

Furthermore, a Charleys Philly steak franchise can be difficult to compete.

Advantages of owning a Charleys Philly steaks franchise 

1. Charleys Philly steaks restaurants do not need a large real estate property; the business supports a small footprint, which helps to reduce rent costs.

2. A tried-and-true business model aids in lowering labor costs while increasing productivity.

3. Charlie’s Philly Steaks has managed the inventory with high efficiency and low food waste.

4. Even with low-cost food, the business provides strong purchasing power, ensuring franchise owners benefit.

5. There is room for expansion in a wide range of markets.

6. Comprehensive training and assistance system

7. They provide a fresh and made-to-order menu, which benefits customers.

charleys philly steaks franchise

How much do charleys Philly steaks franchise owners make?

There is no one answer to this question as the salary of a Charleys Philly steak franchise owner will vary depending on the specific location, experience, and qualifications of the individual. However, according to the franchisor, the average salary for a Charleys Philly steak franchise owner is $150,000.

What is Charleys Philly Steaks franchise profit?

According to Charley’s Philly steaks financial analysis in 2021, the total number of restaurants was 470. These restaurants’ average gross sales were $578,887. Where the median gross sales figure was $532,350. 

As per the food franchise industry, the average profit margin is 15% to 20%. The average yearly Charleys Philly Steaks franchise profit is $ 75,000 to $ 100,000.

Charleys Philly Steaks franchise reviews

Looking for a great steakhouse franchise in the United States? Look no further than Charleys Philly Steaks! This restaurant is well-known for its delicious steak dishes, and the steakhouse is always packed with people looking for a great meal.

Charleys Philly Steaks has a wide variety of steak options to choose from, and you can even customize your steak to your own liking. The steakhouse also has a great selection of side dishes to choose from, so you can make sure that you get everything you need to make the perfect steak dinner.

If you’re looking for a perfect steakhouse franchise opportunity, then you need to check out Charleys Philly Steaks Franchise opportunity.

And if you have shortlisted Charleys Philly Steaks franchise, before signing the franchise agreement, you meet and speak to the existing franchises and ask for reviews.

Charleys Philly Steaks Franchise Rankings

  • In 2022, the franchise 500 ranking is ranked #192.
  • Entreprenur.com ranked sandwiches under the cheesesteak category first in 2022.
  • Entrepreneur 2022 best of the best #1 Philly Cheesesteak sandwich franchise

Franchise Deck Analysis and Overview

Charleys Philly Steaks is a brand that offers its customers a unique cheese steak made from fresh ingredients and made to order. Furthermore, the company has expanded by more than 30 years. Charleys Philly steaks have been a market favorite since the company’s inception. 

However, the product has yet to achieve widespread popularity. With a solid business model, they offer excellent support and training to franchise owners. Their superiority in site selection for their unit distinguishes them from competitors. They also assist with finance, training, and ongoing processes following the opening. One of the unique features they provide is a dedicated professional support team for franchise owners who work with you from the first 10 days to ensure your success. 

By 2021, the company will have a 14 percent market share. Currently, the company has expanded to over 17 countries and is looking for opportunities both in the United States and abroad. In such a low-cost investment, the franchise profit shows a significant profit in the company’s FDD in 2021. 

So all I can conclude is that Charlie’s Philly steaks are one of the emerging brands with a bright future. Franchise Deck rating for Charleys Philly steaks franchise is 3.4/5.0.

charleys philly steaks franchise

Conclusion 

Charleys Philly Steaks is a brand that provides the community with world-class cheese steaks in a timely manner. The franchise is low-cost and has a proven business model with over three decades of market presence. They offer a variety of support and training to their franchisees.

Charleys Philly Steaks has thought about the brand digitally, allowing anyone to find owners online. And current franchise will provide you with useful information. So, if you want to own a business that provides the community with an authentic Philly cheesesteak experience, Charleys Philly Steaks is the place to be.

Entrepreneurs who want to open a franchise in sandwiches, chicken, and meat-related categories can look at 

  1. Halal Guys Franchise 
  2. Whataburger Franchise
  3. Hotbox Pizza Franchise
  4. Firehouse Subs franchise
  5. Steak n shake franchise 

Frequently Asked Questions (FAQs)

  1. Is the Charleys Philly steaks franchise profitable?

The Charleys Philly steaks franchise is a popular restaurant that is known for its delicious steaks. The franchise has been in operation for over 30 years and has consistently been one of the most profitable restaurants in the country. In fact, the Charleys Philly steaks franchise was recently ranked as the number one restaurant franchise in the United States.

One of the key factors that make the Charleys Philly steaks franchise so successful is the high level of customer satisfaction. The restaurant is known for its delicious steaks and its legendary service. The franchise has a very loyal customer base that continues to visit the restaurant even after years of being faithful.

  1. Can you make money owning a Charleys Philly steaks?

The profitability of owning a Charleys Philly steakhouse will vary depending on a number of factors, including location, size, and other amenities offered. However, in general, owning a Charleys Philly steakhouse can be a profitable business if the restaurant is located in a high-traffic area and offers appealing menu items and a loyal customer base.

  1. Is a Charleys Philly steaks a franchise?
  1. How do Charleys Philly Steaks franchises make money?

2 thoughts on “Charleys Philly Steaks Franchise Cost, Review, Profit You Should Know About”

  1. Charleys Philly Steaks is one of the most affordable franchise opportunities in the QSR industry. The total cost to invest in a Charleys Philly Steaks franchise ranges from $242,137 to $668,000.

  2. harleys Philly Steaks splash onto the highly competitive Franchise 500 ranking, but the company also placed No. 1 in their industry category, making it one of the best franchise opportunities for 2021.

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