What Does A Charleys Philly Steaks Franchise Cost?
What is the Charleys Philly Steaks Franchise Cost?
Are you considering joining the Charleys Philly Steaks family as a franchise owner? One of the most critical questions potential franchisees ask is, “What does a Charleys Philly Steaks franchise cost?” In this comprehensive guide, we’ll break down the costs associated with owning a Charleys franchise and explore what you get for your investment.
Understanding the Charleys Philly Steaks Franchise Opportunity
Before diving into the costs, it’s essential to understand what makes Charleys Philly Steaks a compelling franchise opportunity. Founded in 1986, Charleys has grown into a beloved brand known for mouth-watering cheesesteaks, loaded gourmet fries, and refreshing real fruit lemonades. With over 800 locations worldwide, Charleys has proven our business model and continues to expand our presence in the quick-service restaurant industry.
Breaking Down the Charleys Philly Steaks Franchise Cost
When considering the cost of a Charleys Philly Steaks franchise, there are several key components to keep in mind:
Initial Franchise Fee
The initial Franchise Fee for a Charleys Philly Steaks franchise is $24,500. This fee grants you the right to use the Charleys brand name, trademarks, and business system. It’s important to note that this is just one part of the overall investment.
Total Initial Investment
The total initial investment for a Charleys Philly Steaks franchise ranges from $202,059 – $935,700. This range accounts for various factors, such as location, restaurant size, and local market conditions. The total investment includes:
- Leasehold improvements
- Equipment and fixtures
- Initial inventory
- Signage
- Professional fees (legal, accounting)
- Working capital
Ongoing Fees
As a Charleys franchisee, you’ll also be responsible for ongoing fees:
- Royalty Fee: 6% of gross sales, paid weekly
- Marketing Fee: 2% of gross sales, contributed to the national marketing fund
These fees help support the continued growth of the Charleys brand, benefiting all franchisees in the network.
What You Get for Your Investment
When you invest in a Charleys Philly Steaks franchise, you’re not just buying the right to use a name. You’re gaining access to a comprehensive support system designed to help you thrive. Here’s what your investment includes:
Comprehensive Training
Charleys provides extensive training to ensure you’re fully prepared to run your franchise. This includes initial training at Charleys University in Columbus, Ohio, on-site training during your restaurant’s opening, and ongoing training and support throughout your franchise journey.
Site Selection and Development Assistance
The Charleys team will guide you through the process of selecting an ideal location for your franchise and assist with lease negotiations. They’ll also provide support during the construction and development phase to ensure your restaurant meets brand standards.
Marketing and Advertising Support
Your marketing fee contributes to national and regional advertising campaigns that boost brand awareness and drive customers to your location. You’ll also receive local marketing support and access to proven promotional strategies.
Operational Support
Charleys provides ongoing operational support to help you maintain brand standards and maximize profit potential. This includes regular visits from field consultants, access to proprietary operations manuals, and assistance with inventory management and cost control.
Purchasing Power
As part of the Charleys network, you’ll benefit from the brand’s established relationships with suppliers, potentially reducing your costs for ingredients, equipment, and other necessary items.
“We exist to help our franchise owners become successful in business,” says Charley Shin, CEO of Charleys Philly Steaks. “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. 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.”
Taking the Next Step
If you’re excited about the prospect of owning a Charleys Philly Steaks franchise and are comfortable with the associated costs, the next step is to reach out to the Charleys franchise development team by filling out our form here. They can provide you with more detailed information about the franchise opportunity and guide you through the application process.
Remember, while the initial investment may seem substantial, you’re not just buying a business – you’re investing in a proven system, ongoing support, and the power of a recognized brand. With hard work, dedication, and the backing of the Charleys Philly Steaks team, you could be on your way to becoming a franchise owner in the exciting world of cheesesteaks and more. Learn more about the Charleys Philly Steaks franchise here.
