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

Charleys Philly Steaks
Philly cheesesteaks, fries, wings, lemonade
|

About
Founded

1986

Franchising Since

1991 (29 Years)

Corporate Address

2500 Farmers Dr., #140
Columbus, OH 43235

Leadership

Charley Shin, CEO

Parent Company

Gosh Enterprises Inc.

Financial Requirements
Initial Investment ⓘ

$253,231 - $637,568

Net-worth Requirement ⓘ

$500,000

Liquid Cash Requirement ⓘ

$175,000

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

Veteran Incentives

50% off franchise fee

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

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

90 hours

Classroom Training:

60 hours

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 - $637,568
Units
+4.4%+26 UNITS (1 Year) +8.6%+49 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
franchise advisors promo

Related Franchises

See More

Jersey Mike's Subs

See More

Jimmy John's Gourmet Sandwiches

See More

Arby's

Request Free Info

Firehouse Subs

See More

McAlister's Deli

See More

Subway

See More

Potbelly Sandwich Shop

See More

HoneyBaked Ham

Franchise Articles

Stop Running Your Franchise Like a Circus!

Stop Running Your Franchise Like a Circus!

It might make the difference between becoming a second-rate sideshow or the greatest show on Earth.
Scott Greenberg | 5 min read
How This Problem-Solving CEO Is Keeping Her Restaurants' Doors Open

How This Problem-Solving CEO Is Keeping Her Restaurants' Doors Open

Dawn Lafreeda breaks down the incredible struggles (and opportunities) of operating 85 Denny's locations during the pandemic.
Dan Bova | 8 min read
If You're in Franchising and Need a New Bank, Ask These Questions

If You're in Franchising and Need a New Bank, Ask These Questions

Now more than ever, franchisors and franchisees alike need to work with a bank they can trust. Here's how to get the most of your financial partner.
Frances Dodds | 4 min read
How to Find the Right Franchisees, According to D1 Training's COO

How to Find the Right Franchisees, According to D1 Training's COO

Dan Murphy is an Army vet and a former NCAA athlete who knows the power of community. Now, as COO of the gym franchise D1 Training, his business is only as strong as its weakest link.
Stephanie Schomer | 4 min read
She Sold Her Co-Working Business and Joined a Giant Competitor. Here's Why.

She Sold Her Co-Working Business and Joined a Giant Competitor. Here's Why.

Shelley Bade has had a complex journey with the co-working franchise Office Evolution. It began as a competitor, then turned into a support system when she needed it the most.
Frances Dodds | 4 min read

Disclaimer

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: October 17th, 2020
Reprints & Licensing Update Your Listing Submit New Listing