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Charleys Philly Steaks Is A Perfect Multi Unit Franchise

Multi Unit Franchising Is The Future

Franchising is a system that’s made for growth and expansion, which is why so many entrepreneurs own and run multiple units. According to a report from Frankart Globa, an incredible 53% of all franchises are owned by multi unit franchise owners. And within the Quick Service Restaurant industry, that jump is an astonishing 82%!

All this to say, owning multiple franchises is by far the most popular choice among entrepreneurs. For one, multi-unit ownership brings in higher profits: the more locations you have, the more money is coming in. But it also saves you money by cutting overhead costs, because you will have fixed costs shared across all your locations.

The advantages don’t stop there. Multi-unit franchising also diversifies your revenue streams. If one location is experiencing a lull, another location can pick up the slack, meaning you are not dependent on one location to make all your revenue. On top of that, owning multiple franchise locations helps you build a stronger brand in your community. At Charleys Philly Steaks, our franchisees are opening multiple locations with great success and even more positive response from the communities we serve.

Charleys franchise counter multi unit franchise

Growth by the Numbers

Indeed, multi-unit franchising has become the go-to strategy in recent years. From 2010 to 2018, there was a 23% increase in entry-level multi-unit operators who owned 2 to 5 units. Now, 54% of all franchises are multi-unit operations, with 43,212 multi-unit operators controlling more than 223,213 franchise units in the U.S. The industry atop the list with the highest concentrations of multi-unit franchises? The QSR segment.

“All in all, a multi-unit franchise adds up to a better way to make your small business wealth-building dreams come true,” according to a report in Small Biz Trends. “The opportunity for generating wealth as a franchise owner is tremendous. Plus, owning more than one location protects against an economic downturn that a single-unit location would not. There’s also the satisfaction that comes from knowing you are investing in the lives and futures of other people — your employees.”

Charleys Philly Steaks Franchise Loves Their Multi Unit Franchisees

It’s been a whirlwind of growth for Charleys Philly Steaks the past few years, in no small part due to our incredible team of multi-unit franchisees. Charleys Philly Steaks recently celebrated its 700th store opening, an incredible milestone as the brand quickly works its way to 1,000 restaurants nationwide. Indeed, despite the pandemic, Charleys Philly Steaks was able to experience growth and is now rapidly opening restaurants across the country. Did we mention our exclusive deal with retail mega-giant Walmart to open restaurants inside their box stores throughout the U.S.?

Our multi-unit franchisees are a huge part of our success story. Once set up in a community, our franchisees become the go-to sandwich shop for the class Philly cheesesteak in their respective territories and even beyond. With multi-unit ownership growing in popularity in the franchise industry, now is the perfect time to invest. For so many entrepreneurs, multi-unit franchising with Charleys Philly Steaks has provided the financial prosperity and security they are looking for.

“Our goal is to reach 3,000 stores in the coming years,” Charleys Philly Steaks CEO and founder Charley Shin says. “About 70% of our growth comes from our existing franchisees reinvesting in the brand, which is extremely positive. 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.”

A Multi Unit Franchise is Mutually Beneficial

Both Charleys Philly Steaks and our franchisees win when it comes to multi-unit franchising. For one, it drives growth and brand awareness for Charleys Philly Steaks, and offers stability and incredible bottom line sales for the franchisee. To be successful, multi-unit owners need to be strong, smart, and experienced business owners. With multiple locations, you’ll need to have a strong attention to detail and be willing to put in the time and effort to make it work.

But done correctly, multi-unit franchisees have the opportunity to trigger a more rapid return on investment, as well as double or triple their income earning potential. That’s why so many entrepreneurs are drawn to the prospect of significant financial increases and lower operating costs that come with running several franchise locations. At Charleys Philly Steaks, we are locked and loaded to prop our multi-unit franchisees.

Start Your Multi Unit Franchise Journey with Charleys!

Multi-unit franchising is truly the future of franchising, evidenced by the fact that more than half of franchises are owned by multi-unit franchisees. And this trend is only expected to grow as entrepreneurs realize the incredible earning potential of owning multiple units, and all the stability, low overhead costs, and brand recognition it brings.

There’s no better franchise to own multiple units with than Charleys Philly Steaks. To learn more, visit our research pages here. If you’re ready to start a conversation with our dedicated franchise team about investing in a multi unit franchise, fill out our form here. We’ll be in touch with a copy of our Franchise Information Report.