Charleys Philly Steaks Franchise FAQs
Answers to common questions about the Charleys Philly Steaks franchise opportunity
Below are several answers to common questions about the Charleys Philly Steaks franchise opportunity. If you don’t see your question answered, or want to have a deeper understanding of franchising with us, please fill out the application on this site, and we will get back to you shortly!
What is Charleys Philly Steaks?
Charleys Philly Steaks was founded in 1986 by our CEO, Charley Shin, and has since become the world’s largest Philly cheesesteak franchise. With more than 630 locations open throughout the nation and around the world, Charleys Philly Steaks has helped hundreds of entrepreneurs thrive in a business that emphasizes exceptional food, exceptional customer service, and community. In 2020, our brand is stronger than ever. With new streamlined operations that maximize profitability and a restaurant model for any location, Charleys Philly Steaks is ready for nationwide growth.
How Much Money Can I Make?
In 2019, our Average Unit Volume (AUV) was over $854K. Based on calendar year 2019, 41%, of our restaurants met and exceeded this sales level. This information appears in Item 19 of our Franchise Disclosure Document (FDD). Your results may differ, as various factors can affect your sales level, such as your location, competition, operational strength, etc.
How Much Does Charleys Philly Steaks cost?
Charleys Philly Steaks is one of the most affordable investment opportunities in the booming QSR segment. The total investment to open a new Charley’s Philly Steaks franchise ranges from $253,231 to $637,568.
How Much is the Franchise Fee?
Our franchise fee is $24,500 (1st unit. $15,000 for each additional unit).
How Much is the Ongoing Royalty Fee?
Our ongoing royalty fees are 6% of gross sales.
Do You Offer Financing?
No. However, we do have relationships with third-party lenders who can help secure access to financing.
Is a Philly Cheesesteak Franchise a Wise Investment?
Charleys Philly Steaks has thrived for more than three decades, and the cheesesteak has never been more popular than it is today. Every market is flooded with chicken, burgers, salads, pizza and burritos, and as popular as the cheesesteak has become, it still is a vastly underserved segment. Our millions of fans love us because we emphasize quality ingredients, cook every meal to order right in front of the customer, and deliver an unforgettable experience every time. Our franchise owners love us because they get to serve a product they can be proud of and run a business that is designed for long-term growth. Owning a cheesesteak franchise is a win for your community and a win for our franchise owners.
Where Are We Growing?
Charleys Philly Steaks has wide open territory in prime markets throughout the nation. If you think your market would be a good fit for Charleys Philly Steaks, fill out the information request form on this site and we’ll reach out to you shortly.
Do You Offer Training and Support?
Yes! Franchising with Charleys Philly Steaks means you’ll never be alone in your business. Our three decades of experience in helping franchise owners thrive in business has led us to create one of the most comprehensive training and ongoing support platforms in the entire QSR industry.
Do I Need Restaurant Experience?
No. While restaurant experience is preferred, it’s not required to franchise with us. Our training platform is designed to help first-time entrepreneurs master our business model and realize their dreams of owning a restaurant.