Charleys Philly Steaks, originally named Charley's Steakery, was established by Charley Shin in 1986 after he discovered the deliciousness of a Philly Cheesesteak during a family trip. Inspired by this experience, Charley, a student at Ohio State University, decided to open the first restaurant near the university's campus in Columbus, Ohio, using his mother's life savings for support.
The company's headquarters remain in Columbus, Ohio, underscoring its deep ties to its founding city. Charleys Philly Steaks began franchising in 1991, five years after the first restaurant opened near The Ohio State University campus.
Renowned for its commitment to serving the "#1 Cheesesteak in the World®," the brand has grown significantly, expanding its presence globally. Over the years, Charleys Philly Steaks has not only increased its number of locations but also diversified its menu and business model.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Charleys Philly Steak offers 3 types of franchises:
We are summarizing below the main costs associated with opening a CPSW Restaurant franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Charleys Philly Steaks offers a comprehensive training program to ensure franchisees are thoroughly prepared to maintain the brand's high standards and deliver exceptional service. Here is an overview of their training process:
Before opening their restaurant, franchisees must complete an initial training program. This program provides an in-depth understanding of the Charleys Philly Steaks system, including business methods, designs, equipment, ingredients, recipes, preparation techniques, and other operational standards.
The training consists of both classroom sessions and practical on-the-job training.
Classroom Training:
On-the-Job Training:
Franchisees are given the right to own and operate a Charleys Restaurant at a specific location. If the location is not agreed upon at the time of signing the Franchise Agreement, franchisees must choose a location within a designated area.
However, franchisees will not have exclusive or protected rights within this designated area. This means that while franchisees can operate in a designated area, they do not have exclusive territorial rights beyond their specific location.
This lack of territorial exclusivity allows Charleys Philly Steaks to grant additional franchises within the same area, potentially leading to multiple franchise locations in close proximity. While this approach can enhance brand presence and market penetration, it requires franchisees to focus on exceptional service and quality to maintain a competitive edge.
KEY FRANCHISE STATS
All you need to know about this franchise
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Below are some of
Charleys Philly Steaks
key competitors in the
Sandwich
sector.
744
$24,500
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n.a.
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n.a.
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n.a.
Ike's
$100K - $200K
6
$80,000
$141,000
$614,000
n.a.
$475,000
$xxx,xxx
n.a.
n.a.
n.a.
n.a.
Jason’s Deli
Over $500K
73
$35,000
$1,720,000
$2,529,000
n.a.
$0
$xxx,xxx
n.a.
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