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.