Charleys Philly Steaks
#126 Franchise 500| Philly cheesesteaks, fries, lemonade

Charleys Philly Steaks
Philly cheesesteaks, fries, lemonade
|

About
Founded

1986

Franchising Since

1991 (29 Years)

Corporate Address

2500 Farmers Dr., #140
Columbus, OH 43235

CEO

Charley Shin

Parent Company

Gosh Enterprises Inc.

Financial Requirements
Initial Investment ⓘ

$253,231 - $582,318

Net-worth Requirement ⓘ

$300,000

Liquid Cash Requirement ⓘ

$100,000

Ongoing Fees
Initial Franchise Fee ⓘ

$24,500 - $24,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

0.25%

Financing Options

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

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Social media

SEO

Email marketing

Loyalty program/app

On-The-Job Training:

90 hours

Classroom Training:

60 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

20

Charleys Philly Steaks is ranked #126 in the Franchise 500!
Bio
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.

Cost
Initial Investment: Low - $253,231 High - $582,318
Units
+4.4%+26 UNITS (1 Year) +8.6%+49 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 5th, 2019
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