Charley's Philly Steaks Franchises Review

B
Grade

Franchise Facts

Charley's Philly Steaks is a restaurant specializing in Philadelphia-style cheese steaks.

How much does a Charley's Philly Steaks franchise cost?

Charley's Philly Steaks has a franchise fee of up to $24,500, with a total initial investment range of $225,581 to $532,172.

  • Initial Franchise Fee: $24,500
  • Total Investment: $225,581 to $532,172
  • Working Capital: $20,000 to $30,000
  • Royalty Fee: 6%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

How much does a Charley's Philly Steaks franchise make?

Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.

How many franchise locations do they have?

As of the 2017 Franchise Disclosure Document, there are 450 franchised Charley's Philly Steaks locations in the USA.

Are there any Charley's Philly Steaks franchise opportunities near me?

Based on 2017 FDD data, Charley's Philly Steaks has franchise locations in 46 states plus DC. The largest region is the South with 207 franchise locations.

AK
AL
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CA
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DC
DE
FL
GA
HI
IA
IL
IN
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LA
MA
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MI
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NH
NJ
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OH
OK
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PA
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This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2017

Charley's Philly Steaks is graded based on our most recent research.
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Charley's Philly Steaks Franchise Stats

Total Investment

$225,581 - $532,172
Franchise Fee

$24,500
Franchise Agreement
Initial Term
10 Years
Renewal Term
N/A
Franchisee Outlet Growth
2010
343
2017
455
Ongoing Fees
Royalty
6.0%
Ad Fees
5.0%
# of Franchised Outlets

385

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 180 hours. This includes 60 hours of classroom training and 120 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 120
Classroom 60
Total 180

Do they offer Territory Rights?

Charley's Philly Steaks does NOT offer exclusive territories.

Do they have computer and technology support in place?

Yes. Charley's Philly Steaks offers comprehensive support for franchisees. Unlock this franchise to find out more details.

When did they begin franchising?

They began franchising in 1990. The average Subs, Sandwiches, Soups and Salads franchise began franchising in 2004.

Do they offer financing support?

No, but you can click here to fill out our affordability calculator and understand your financing options.
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Our Franchise Analysts have prepared detailed notes about Charley's Philly Steaks, covering topics such as system growth, closures and turnover, financial transparency, initial and renewal terms, and royalties. Access is free, instant, and unlimited!

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  • What are the historical franchisee revenues?
  • Do they have any lawsuits?
  • Do they provide Veteran or First Responder Discounts?
  • Do they provide Minority Discounts?
  • Do they use public figures to promote their franchise?
  • Do they disclose any bankruptcies?
  • Are they affiliated with any other franchise brands?
  • How many new outlets have they sold in the last 5 years?
  • How many franchised outlets have closed in the last 5 years?
  • How many franchised outlets have terminated in the last 5 years?
  • Do they operate any company or affiliate outlets?
  • How long is their initial term length?
  • How do they solve franchisee disputes?
  • Are you required to work in the outlet or is this a passive investment opportunity?
  • Do they provide discounts for buying more than one franchise?