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2021 Franchise 500 Rank
#294 Ranked #126 last year
See the Full List
Initial investment
$253K - $638K
Units as of 2020
626 8.9% over 3 years

Company Overview

Visits to his relatives near Philadelphia inspired Charley Shin's entrepreneurial spirit, and he saw his future in cheesesteak sandwiches. In 1986, Shin opened his first Charley's Grilled Subs at Ohio State University. The then-22-year-old's restaurant became an instant hit with professors and students.

Since then Shin has expanded to locations nationwide. In 1999, he was named Entrepreneur of the Year by Ernst & Young.

About Charleys Philly Steaks

Industry
Food
Founded
1986
Parent Company
Gosh Enterprises Inc.
Leadership
Charley Shin, CEO

Franchising Overview

Franchising Since
1991 (30 years)
# of employees at HQ
100
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
626 (as of 2020)

Franchisor Information

Corporate Address
2500 Farmers Dr., #140
Columbus, OH 43235

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Charleys Philly Steaks franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$24,500
Initial Investment
$253,231 - $637,568
Net Worth Requirement
$500,000
Cash Requirement
$175,000
Veteran Incentives
50% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
0.25%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Charleys Philly Steaks has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
90 hours
Classroom Training
60 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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about 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

Franchise 500 Ranking History

Compare where Charleys Philly Steaks landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021