Charleys Philly Steaks Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review

Do you find yourself craving for thinly-sliced beefsteak and melted cheese in a soft hoagie roll every now and then? You’re surely not alone! No wonder Charleys Philly Steaks is a sought-after franchise nationwide.In this article, we’ll discuss Charleys Philly Steaks franchise cost as well as the duties that come with opening your own store. So pull up a chair and get ready to learn about what could possibly be your next investment.

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Table of Contents

Charleys Philly Steaks Franchise Wiki

Before we dive into Philly Steaks franchise cost, let’s get to know the company a bit more. The business started in 1986 when founder Charley Shin opened the first location near The Ohio State University in Columbus. It was called Charleys Steakery back then. The business flourished, and by 1991, they were ready to franchise the system.

Gosh Enterprises, Inc. franchises the business and now has over 620 locations throughout the United States. Aside from Philadelphia-style cheesesteaks, they also offer a range of grilled subs, fries, and drinks. They’ve also added chicken wings to their traditional sandwich menu.

Today, the business prides itself on being “the world’s largest Philly cheesesteak franchise” and is rapidly expanding further. It’s easy to find CPS restaurants not just in freestanding locations but also in airports, mall food courts, military bases, and others. But Charley Shin’s team is far from being complacent; they aim to reach 3,000 locations in the years to come.

Before we discuss the Charleys Philly Steaks franchise cost, know other information about the franchise before getting started.

Charleys Philly Steaks Franchise Benefits

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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.

Charleys Philly Steaks Franchise Cost

Name of Fee	Low	High
Initial Franchise Fee	$24,500	$24,500
Leasehold Improvements	$250,000	$334,840
Equipment/Furniture/Fixtures	$126,527	$115,500
POS System	$9,720	$10,700
Signage	$9,249	$16,000
Architect	$10,500	$15,000
Travel and Living Expenses Associated with Initial Training	$4,000	$6,000
Insurance	$3,500	$10,000
Deposits and Professional Fees	$1,000	$8,000
Additional Funds (3 month period)	$20,000	$30,000
ESTIMATED TOTAL (does not include real estate purchase costs)	$458,996	$570,540

Charleys Philly Steaks Franchise Training Overview

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Aside from the Philly Steaks franchise cost, it’s also crucial to invest time and effort to make the business work. The franchisor holds the pre-opening training in the head office in Columbus, Ohio. The franchisee needs to attend the training themselves or an operating partner.

The initial training lasts for three weeks, including hands-on training. Some areas covered are business operations, food safety and preparations, cost control, equipment maintenance, and management techniques. The attendees must complete the course, or the franchise agreement will be forfeited.

Aside from the initial training, the franchisor may also organize additional courses for continuous business development.

Charleys Philly Steaks Franchise Obligations and Restrictions

In the case of a business corporation, partnership, or other legal entity, there must be an operating partner. This partner should exert full time and effort to develop and operate the restaurant in the best way possible. In addition to that, they may not engage in other business or activity that conflicts with their duties at the CPS franchise.

Every franchise must offer all food, drinks, and products sold by the franchisor. In the same vein, locations may not sell products and services not authorized by the head office. This rule also applies to promo items offered in every site.

The initial franchise term lasts a period of ten years. But if the franchise owner’s lease has a shorter term, the head office may reduce the initial franchise term to unify the business arrangement. Franchise owners may renew the franchise if they meet the requirements set by the head office.

The franchise agreement grants franchise owners the right to own a restaurant at a location. However, it doesn’t grant an exclusive territory.

In terms of financing, the franchisor doesn’t offer any assistance directly or indirectly. They also don’t guarantee a franchisee’s note, lease, or obligation.

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Charleys Philly Steaks Franchise Requirements

Charleys Philly Steaks Franchise Profit

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.

How to Apply For Charleys Philly Steaks Franchise

To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.

Apply Here

Charleys Philly Steaks Franchise Contact details

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FAQ

Is it profitable or not?

Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.

Did You Know?

Here are a few fun things to know about Charleys Philly Steaks:

The fast-food chain’s founder and CEO first got to taste Philly Cheesesteak in 1985. He was attending Ohio State University then, and he knew he wanted to do business out of the sandwich. And to do just that, he experimented with ingredients to come up with a recipe all his own.
The first restaurant that Charley opened in 1986 was called Charley’s Steakery. It was a 450-square foot diner space not far from the campus. Thanks to his mother’s support, Charley was able to start what would be a franchise chain. Not long after they opened the steakery, students flocked to the restaurant not just for Philly Cheesesteaks but also for loaded Gourmet Fries and refreshing Lemonades.
Quality is at the forefront of Charleys from the get-go. In fact, they only choose premium ingredients for their products, including 100 percent USDA choice steak, 100 percent all-white meat chicken, all-natural cheeses, and hand-cut veggies. All sandwiches are grilled-fresh-to-order.
The business isn’t all about making money. In fact, they’ve established Charleys Kids Foundation, which partners with non-profit organizations. It aims to deliver programs that offer at-risk children with educational resources, food, and mentorship. They have in-store donation boxes, and 20¢ of every combo meal sold benefits Charleys Kids Foundation in participating locations.

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Conclusion

So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you

Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.

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