Franchise Times Names Charleys Philly Steaks a Top Opportunity for 2022
Iconic cheesesteak franchise ranks high on prestigious annual list of worthy investments
In acknowledgement of Charleys Philly Steaks year of tremendous growth and brand recognition, the popular sub/sandwich shop landed on The Franchise Times’ Top 400 list, one of the most prominent rankings of franchises in the country.
For years, The Franchise Times Top 400 has been the most comprehensive ranking of the 400 largest franchise systems in the U.S., backed by more than 20 years of research. Today, it stands as one of the only objective rankings available for aspiring business owners to look into which franchises are a smart investment in the coming years.
Each year, The Franchise Times sends out its team of researchers and reporters for a five-month dive into each franchise’s finances and trends, collecting, verifying and analyzing all the numbers.
“Our research team spends months compiling information for the rankings, the five-year sales history graphs, Top 10 lists and industry subcategories, and then reconciling to ensure all published data is accurate and all estimates are based on a solid sales formula,” The Franchise Times reported.
So it’s no wonder Charleys Philly Steaks, which saw a banner year in 2021 and is set up for even more success in the years to come, placed in the rankings, this year coming in at No. 172.
Indeed, The Franchise Times highlighted Charleys Philly Steaks global sales hit an estimated $355 million across its, current 675+ locations, many of which are located in malls, airports and even military bases.
What’s more, The Franchise Times heralded Charleys Philly Steaks accessibility and affordability for aspiring franchisors, with a investment range starting at $242,137 – $668,000
As one of America’s favorite sandwiches since 1986, Charleys Philly Steaks now boasts nearly 675+ locations in the U.S. and around the world. The company’s success has hinged on serving quality 100% USDA choice steak, a simple but accessible menu and consistent quality service.
One of the key factors to that success has been re-investment from existing franchise owners opening multiple locations, which is a clear sign the company is healthy and thriving. Also, Charleys Philly Steaks landed a megadeal with powerhouse big box retailer Walmart to open more than 100 new locations across the country. For aspiring business owners, now is the time to invest in Charleys Philly Steaks.
“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.”
Ready to Invest in a Charleys Philly Steaks franchise?
Join our family of franchisees. To learn more about how much Charleys cheesesteak franchises cost and franchise opportunities, download our Free Franchise Opportunity Report. You also can learn more by visiting our research pages.