Charleys Philly Steaks
Philly cheesesteaks, fries, lemonade
Charleys Philly Steaks
Philly cheesesteaks, fries, lemonade
About
Founded
1986
Franchising Since
1991 (27 Years)
Corporate Address
2500 Farmers Dr., #140
Columbus, OH 43235
CEO
Charley Shin
Parent Company
Gosh Enterprises Inc.
Financial Requirements
Initial Investment ⓘ
$252,081 - $580,538
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 #160 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 - $252,081
High - $580,538
Units
+0.5%+3 UNITS (1 Year)
+8.9%+47 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
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