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2022 Franchise 500 Rank
#192 Ranked #294 last year
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Initial investment
$258K - $739K
Units as of 2021
643 8.1% over 3 years

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

Since its founding in 1986 and subsequent franchising in 1991, Charleys Philly Steaks has grown into more than 600 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. 

Find Your Perfect Franchise

Company Overview

About Charleys Philly Steaks

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

Franchising Overview

Franchising Since
1991 (31 years)
# of employees at HQ
100
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
643 (as of 2021)

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
$258,469 - $739,248
Net Worth Requirement
$500,000
Cash Requirement
$175,000
Veteran Incentives
50% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
1%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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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
Take our quick quiz to find your ideal franchise

Work with our free FranCoach and get what you need to start a Charleys Philly Steaks franchise.

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