Charleys Cheesesteak Franchise Reviews: Charleys Named a Best of the Best Franchise Opportunity for 2021
Entrepreneur magazine names iconic cheesesteak franchise a best-bet investment on prestigious annual list
Charleys cheesesteak franchise reviews: as the largest Philly steak franchise in the world, Charleys Philly Steaks is known for making the best sandwiches around, but the company was also recently recognized as one of the best and most prestigious franchises to invest in.
Not only did Charleys 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.
For 42 years, Entrepreneur magazine, the premier source for everything small business, releases its Franchise 500 list, recognizing franchises that continually excel and prove time and again they are a smart investment with a strong opportunity for growth and profit.
The evaluation takes into account a company’s franchise fee and start-up costs, growth rates, training support and brand strength. The rankings also evaluate a company’s financial strength and stability through audited financial statements.
“In spite of the many challenges faced by the franchise industry in 2020, many existing franchisors continued to grow (and evolve), and new companies even continued to enter the franchise arena,” Entrepreneur wrote in its rankings.
Charleys Philly Steaks climbed to the top of the rankings, and it’s not hard to see why. The company just entered a groundbreaking partnership with Walmart, which will result in the opening of an estimated 100 new locations across the country in the coming months. A new mobile app, too, makes it easier for customers to place orders and has proven to be behind driving sales.
“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. “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.”
Charleys Philly Steaks has served one of America’s favorite sandwiches since 1986, and more than 30 years later, we boast more than 630 locations in the U.S. and around the world. Our company’s success has hinged on serving quality 100% USDA choice steak, a simple and delicious menu, as well as consistent quality service.
For potential business owners, Charleys Philly Steaks boasts one of the most affordable franchise startups, helping store owners get off the ground running and able to make a profit. And, the franchise offers an incredible support network, with constant training and guidance on how to run a successful location.
“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 shares. “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.”
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