Charleys Philly Cheese Steak Franchise is Ready for the Big Time
QSR magazine names the iconic cheesesteak franchise on prestigious list of top-performing brands
In a world full of the same-old fast food joints, Charleys Philly Steaks was recently recognized as one of the top chain restaurants ready to contend with and even outperform the industry’s top players.
Every year, QSR Magazine, an industry expert in the quick-service and fast casual restaurant industry, highlights the franchises that are primed and ready to break through the predictable list of the biggest chain fast-food restaurants, in a ranking based on the U.S. system wide sales, as of 2020 year end.
At the top of the pack this year was Charleys Philly Steaks, the No. 1 cheesesteak franchise in the world, which has become synonymous for quality ingredients, a simple but fan-favorite menu and incredible customer service.
In 2020, for instance, Charleys Philly Steaks reported $425 million in U.S. system-wide sales, with an average sales per unit of $795,00. Charleys also reported 551 units and 496 franchise stores. And, it should be noted, Charleys Philly Steaks was exclusively the only sub sandwich shop included on the rankings, which means the franchise has all but cornered the highly popular market.
QSR Magazine’s rankings for years have been regarded as the go-to source for aspiring entrepreneurs. With Charleys Philly Steaks listed as one of the franchises equipped and on the brink of breaking through the industry’s top players, the QSR listing is a clear sign the time is right to look into investing in the Charleys Philly Steaks brand.
“We’ve been growing at about 60 stores a year for the past several years, and about 70% of our growth comes from our existing franchisees reinvesting in the brand – which is extremely positive, “says Charley Shin, CEO, and founder of Charleys Philly Steaks. “We exist to help our franchisees become successful in business, and we want to help as many entrepreneurs as we can. This brand has never been more successful than it is today, and we’ve never been more excited about the future.”
Indeed, astonishing growth is on the horizon for Charleys Philly Steaks after announcing a groundbreaking partnership with the mega-giant Walmart. Within just a couple months, Charleys Philly Steaks is expected to open more than 100 new locations across the country in the powerhouse big-box retailer. This means the franchise is ready for new entrepreneurs who want to run their own business, as well as existing franchisees that see the incredible potential for growth.
“One of the best ways entrepreneurs investigating a franchise opportunity can gauge if the brand is worth the investment is to look at how many existing franchise owners are reinvesting,” Shin says. “We’re proud to say that more than half of our growth comes from franchise owners reinvesting in new locations. This means that we’re doing something right, and we honor their commitment to us by providing them with the resources they need to thrive in business.”
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