How Much Can I Make?

Strong unit economics and streamlined business model makes the iconic Philly steak franchise a wise investment

“How much can I make?” This is the most common question entrepreneurs have about a new business opportunity – and it makes sense. If you’re going to leave your career and make a significant investment to realize your dream of owning a small business, you’re going to want to know if the business has the potential to exceed your expectations.

Charleys Philly Steaks franchise takes this matter very seriously. We recognize that our franchise owners make a significant investment to franchise with us. This is why, after three decades in business, we’ve continued to refine our proven business model to emphasize profitability and the ability to scale up to multi-unit ownership.

“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 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.”

philly steak franchise

The numbers tell the story

According to the Item 19 in our most recent Franchise Disclosure Document, our franchise locations generated more than $850,000 in gross sales on average for 2019, and our top-performing locations generated more than $2 million. Because Charleys Philly Steaks has a business model perfect for any location, including strip centers, airports, military bases and shopping malls, there is ample opportunity for entrepreneurs to bring Charleys to their communities.

“What motivates me is that I can take care of my family,” says Julie Vulcain, owner of multiple Charleys Philly Steaks franchise locations in Florida. “I’ve put three of my children through college, and now, my son is joining me in the business. He’s going to take it over after I retire — if I ever retire! We opened our first one 13 years ago, and we’re still growing – in fact, I’m getting ready to open a new store in the next few months. I’m so happy I pushed myself because the investment was worth it. I was able to give my kids a great life.”

For more information as to how well our franchise owners do in their locations, please review Item 19 of our most recent Franchise Disclosure Document below:

Statement of average gross sales for company-owned and franchised restaurant

Type of Restaurant Average Gross Sales Median Sales Range of Gross Sales No. of Restaurants No. of Franchised Restaurants That Met or Exceeded Average
All Restaurants $854,023 $778,179 $154,698 - $2,775,700 520 215% (41.3%)

Statement of average gross sales for company-owned cps restaurant

Type of Restaurant Average Gross Sales Median Sales Range of Gross Sales No. of Restaurants No. of Franchised Restaurants That Met or Exceeded Average
All Restaurants $1,084,761 $1,021,270 $422,714 - $2,290,881 54 23 (42.6%)

Ready to Invest in a Charleys Philly Steaks franchise?

If you’re looking for a straightforward restaurant franchise that stands out from chicken, pizza, and burgers, and meets an underserved demand for an authentic Philly steak in your community, simply fill out an application on this site to begin a conversation. We can’t wait to learn more about you!

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