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Charleys Philly Steaks

The Charleys Philly Steaks franchise is the world's largest cheesesteak chain and is rapidly expanding in the U.S.  The iconic brand was founded in 1986 and began awarding franchises in 1991. Since that time, Charleys Philly Steaks expanded to more than 640 locations across the U.S. Customers will appreciate that the franchise is working to offer 100% USDA choice steak and customer service that is unparalleled. Ideal candidates aligns with that mission. The cheese steak brand has been recognized for its growth and franchisee support. Veterans are incentivized to invest in the franchise with a 50% discount on the initial franchise fee. Your initial investment ranges between $242,137-$668,000.

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Charleys Philly Steaks Franchise Cost and Requirements for 2024

Background

A popular fast food concept to consider is a cheese steak franchise. If you are an entrepreneur looking to invest in one of the world's most beloved cheese steak brands, Charleys Philly Steaks could be for you. The iconic cheese steak brand was founded in 1986 and began awarding franchises in 1991.Since that time, Charleys Philly Steaks expanded to more than 640 locations across the U.S. Customers will appreciate that the franchise is working to offer 100% USDA choice steak and customer service that is unparalleled. The ideal candidate aligns with that mission. The cheese steak brand has been recognized for its growth and franchisee support. Veterans are incentivized to invest in the franchise with a 50% discount on the initial franchise fee. As a franchisee, you will benefit from the brand's loyal fanbase and great support and training.
In terms of support and training, you an expect an initial training program that is broken down into hundreds of hours worth of classroom and on-the-go instruction. The program will take place at the franchise's headquarters, which is in Columbus, Ohio. The franchise will also provide you with site selection assistance, marketing tools, grand opening assistance, and ongoing support after your location is open. This support and training will last your entire time with the franchise. Your initial investment ranges between Initial Investment: $242,137 to $668,000. The franchise fee will be $24,500, which increases by $15,000 for every location that you open. You will also enjoy the brand's low royalty fee of 6%. The cash requirement that you can expect is $175,000. But the franchise will provide you with third-party financing options. 

Company Details

Founded: 1986
First franchise: 1991
Headquarters: Columbus, OH
Canada:  No 
International: No
B2B: No
Passive:  No
Exclusive Territory: No

Support and Training Offered By Charleys Philly Steaks

Franchise owners can expect an initial training program that is broken down into hundreds of hours worth of classroom and on-the-job instruction. The franchise will also provide you with site selection assistance, marketing tools,  grand opening assistance, and ongoing support after your location is open. 

2024 Franchise Requirements Needed to Own a Charleys Philly Steaks Franchise.

What does a Charleys Philly Steaks Franchise Cost?

Charleys Philly Steaks franchise fees for 2024:

Veterans incentive: Yes; 50% off the franchise fee 
Royalty Fee: 6%
Initial franchise fee:  $24,500
Cash Requirement: $175,000
Net Worth Requirement: $500,000
Initial Investment: $242,137 to $668,000

Is Charleys Philly Steaks a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Charleys Philly Steaks is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Charleys Philly Steaks a Home Based franchise?

No. Charleys Philly Steaks is not a home based franchise opportunity.

What Do Charleys Philly Steaks Franchise Owners Make?

Click here to find out how much Charleys Philly Steaks franchisees make. Charleys Philly Steaks offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Charleys Philly Steaks a Master Franchise Opportunity?

No. Charleys Philly Steaks is not a master franchise opportunity.

Does Charleys Philly Steaks Offer a Veteran Discount?

Yes. Charleys Philly Steaks franchise does offer a veteran discount.

Is Charleys Philly Steaks Looking for Franchisees in Canada?

No. Charleys Philly Steaks franchise is not looking for Canada franchisees.

Is Charleys Philly Steaks Looking for International franchisees?

No. Charleys Philly Steaks franchise is not looking for International franchisees.

Where can I see Charleys Philly Steaks's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Charleys Philly Steaks Franchises for Sale

Click Here to inquire about existing Charleys Philly Steaks franchises for sale. We may have Charleys Philly Steaks franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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