Charleys Cheesesteaks & Wings

Philly cheesesteaks, fries, wings, lemonade
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Franchise 500 2023
2024 Franchise 500 Rank
#76 Ranked #89 last year
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Initial investment
$200K - $907K
Units as of 2023
783 Increase 25.1% over 3 years

Since its founding in 1986 and subsequent franchising in 1991, Charleys Philly Steaks has grown into more than 700 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. 

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Company Overview

About Charleys Cheesesteaks & Wings

Industry Food
Related Categories Philly Cheesesteak Sandwiches, Sandwiches
Founded 1986
Parent Company Gosh Enterprises Inc.
Leadership Candra Alisiswanto, EVP
Corporate Address 5000 Arlington Centre Blvd., #5300
Columbus, OH 43220
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 1991 (33 years)
# of employees at HQ 100
Where seeking

This company is offering new franchises throughout the US.

# of Units 783 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Charleys Cheesesteaks & Wings 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 Information Circle
$24,500
Initial Investment Information Circle
$199,967 - $907,012
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$175,000
Veteran Incentives Information Circle
50% off franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
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 Cheesesteaks & Wings has relationships with third-party sources which offer financing to cover the following: franchise fee, 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 95 hours
Classroom Training 55 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
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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 20
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Charleys Cheesesteaks & Wings landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Charleys Cheesesteaks & Wings ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022