Charleys Cheesesteaks & Wings logo

Charleys Cheesesteaks & Wings

Philly cheesesteaks, fries, wings, lemonade

Investment

$203,736

Initial Franchise Fee

$24,500

Units

892

Growth Rate

+25.6%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 1986
Franchising Since 1991
Parent Company Gosh Enterprises Inc.
Leadership Candra Alisiswanto, EVP
# of Employees at HQ 100

Units and Growth Chart

About Charleys Cheesesteaks & Wings

Since its founding in 1986 and subsequent franchising in 1991, Charleys Philly Steaks has grown into more than 700 locations, with legions of diehard fans across the country. Charleys Philly Steaks strives to offer 100% USDA choice steak, a no-frills menu, and unparalleled customer service. Charleys Philly Steaks is one of the biggest Philly steaks franchises in the country.

Intending to hit 3,000 stores, Charleys Philly Steaks has an ambitious plan. It is always looking for new franchisees to help it reach its goal. Franchise reinvestments are responsible for more than half of its growth, so if you’re looking for a tested and proven business opportunity, Charleys Philly Steaks may be a catch.

Why You May Want to Start a Charleys Philly Steaks Franchise

Charleys Philly Steaks strives to offer new restaurant aesthetics, innovative offerings, organized operations, and above-standard franchise training, Charleys Philly Steaks is ready to take you to the top. 

Charleys Philly Steaks has the most significant advantage with its standout menu--a sure cut above the usual chicken, pizza, and burger trio that competitors seem to be stuck with. Charleys Philly Steaks targets the core of the otherwise underserved authentic Philly steak that diners demand.

Suppose you’re looking for a business that offers a favorite yet rarely served comfort food, with delivery, curbside pick-up, and all the necessary features of a modern QSR. In that case, Charleys Philly Steaks may be the franchise you wish to open.

What Might Make a Charleys Philly Steaks Franchise a Good Choice?

Charleys Philly Steaks has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

To be part of the Charleys Philly Steaks team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. 

As you ponder if opening a Charleys Philly Steaks franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Charleys Philly Steaks franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

How to Open a Charleys Philly Steaks Franchise

To get started, submit an inquiry form. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you.

Speak to existing franchisees and ask questions to the Charleys Philly Steaks team. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Charleys Philly Steaks franchise, and you can get started with an initial investment. The Charleys Philly Steaks team may teach you tips and tricks while providing comprehensive training at company headquarters in Columbus, Ohio office until you’re ready to roll out your own Charleys Philly Steaks franchise. 

Investment Details

Initial Franchise Fee $24,500
Initial Investment $203,736 - $984,732
Net Worth Requirement $500,000
Cash Requirement $175,000
Royalty Fee 6%
Ad Royalty Fee 1%
Technology Fee 0
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 50% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 92 hours
Classroom Training 58 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 20
Are exclusive territories available? No

Ranking History

Charleys Cheesesteaks & Wings performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022