How Much Does it Cost?
Charleys Philly Steaks Franchise is a low-cost investment opportunity with the potential for high returns
Going into business for yourself is one of the most important decisions you’ll ever have to make – but it doesn’t have to break the bank. Charleys Philly Steaks is committed to helping as many entrepreneurs thrive in business as possible by keeping the barriers to entry low. In fact, Charleys Philly Steaks is one of the most affordable business opportunities in the booming QSR segment. The total cost to invest in a franchise ranges from $251,637 – $1,002,700.
“We’re in business to help our franchisees thrive in their restaurants,” says Charley Shin, CEO and founder of Charleys Philly Steaks. “We’ve worked hard to make our business model efficient, profitable and deliver a product and customer experience that leads to long-term growth. The success that we’re having is evident in how many of our existing franchisees are investing in new restaurants. In fact, 70% of our current growth comes from our existing franchisees scaling up to multi-unit ownership, which tells us that we’re on the right track – and that’s incredibly exciting for us.”
What Makes Charleys Philly Steaks so Affordable?
When you franchise with Charleys Philly Steaks, you’re investing in a brand with more than three decades of experience in helping franchise owners thrive in business. Here are some of the reasons why Charleys Philly Steaks is an affordable business to own.
- Our restaurants require a small footprint, which reduces rent costs
- Our streamlined business model reduces labor and maximizes productivity
- Highly efficient inventory management leads to minimal food waste
- Strong buying power assures franchisees benefit from low food costs
- Strong brand recognition and national advertising attract new customers
Financing Can Make Investing in a Charleys Philly Steaks Franchise More Affordable
Financing is a great way to secure the funds necessary to realize your dream of owning your own business. While Charleys Philly Steaks doesn’t offer direct access to financing, we do have relationships with third-party lenders. The best part? Because Charleys Philly Steaks is a proven, time-tested brand, lenders are more likely to grant financing with a brand that has a long track record of success.
Here’s the Full Breakdown of Costs & Fees Associated with Owning a Charleys Philly Steaks Franchise
For a deeper dive into the costs & fees of owning a Charleys Philly Steaks franchise, please view Item 7 from our most recent Franchise Disclosure Document. The chart below provides an estimate of your initial investment to develop a CPSC Restaurant on a leased inline strip center or free standing site:
|TYPE OF EXPENDITURE||AMOUNT|
|Initial Franchise Fee (1)||$24,500|
|Leasehold Improvements (2)||$80,000 - $580,000|
|Equipment/Furniture/Fixtures(3)||$90,000 - $180,000|
|In-Restaurant Music/Media System||$375 - $1,200|
|POS System(4)||$9,400 - $18,000|
|Signage (5)||$9,249 - $65,000|
|Architect (6)||$10,500 - $30,000|
|Travel and Living Expenses Associated With Initial Training (7)||$4,000 - $6,000|
|Insurance (8)||$3,500 - $10,000|
|Deposits and Professional Fees (9)||$1,000 - $7,000|
|Real Estate Lease (10)||$10,000 - $30,000|
|Grand Opening Marketing Package (11)||$7,000 - $10,000|
|Additional Funds (3 month period) (11)||$20,000 - $40,000|
|Totals (12)||$251,637 - $1,002,700
(Does not include real estate purchase costs)