Entrepreneur Ranks Charleys Philly Steaks as One of the Top Food Franchises of 2020
The iconic philly steaks franchise is named a best-bet investment on prestigious annual list
Charleys Philly Steaks, the world’s largest cheesesteak franchise, has been named to Entrepreneur magazine’s annual Top Food Franchises of 2020 list.
The Top Food Franchises list has not only become a competitive measure for franchisors, but it also serves as a primary research tool for potential franchisees. With this year’s ranking, the esteemed publication celebrates the resiliency and strength of franchise brands. The ranking is based on scores each company received from Entrepreneur’s Franchise 500 formula, which evaluates costs and fees, size and growth, franchise support, brand strength, and financial strength and stability.
The inclusion of our compelling cheesesteak franchise is a testament to our strength as a franchise opportunity, making Charleys a smart choice for entrepreneurs seeking a viable business opportunity in the booming sandwich industry.
After more than three decades in business, Charleys Philly Steaks has grown to more than 600 locations in the United States and around the world by winning over our loyal customers with high-quality ingredients, a simple menu, and exceptional customer service.
“We know that in the United States nobody eats because they’re hungry — customers want an experience,” says Charley Shin, CEO and founder of Charleys Philly Steaks. “We’re always working on ways to increase our customer base and by adding wings to our menu, we get to broaden our appeal. Our cheesesteaks are already head and shoulders above anything found in Philadelphia, and we’re just going to continue to treat our customers as individuals and ensure that they’re happy when they leave our restaurants. This has been the secret to our success.”
As a franchise opportunity, Charleys is one of the most affordable investments in the QSR industry. The initial investment to begin operations of a new Charleys Philly Steaks franchise starts at $253,231. Franchise owners with our iconic cheesesteak franchise not only have access to a robust training and ongoing support platform but also benefit from our incredible brand recognition, low operating costs and streamlined business model.
Whether you are a first-time entrepreneur or a multi-unit owner looking to diversify your portfolio, Charleys is a worthy investment to realize your dreams of business ownership.
“We’re in business to help our franchisees thrive in their restaurants,” says Shin. “We’ve worked hard to make our business model efficient, profitable and deliver a product and customer experience that leads to long-term growth. The success that we’re having is evident in how many of our existing franchisees are investing in new restaurants. In fact, 70% of our current growth comes from our existing franchisees scaling up to multi-unit ownership, which tells us that we’re on the right track — and that’s incredibly exciting for us.”