Charleys Philly Steaks

  • Gosh Enterprises, Inc.
2500 Farmers Dr., # 140
Columbus, OH 43235
USA
  • (80) 043-8325 / (614) 923-4700
  • (614) 923-4701 (Fax)

CHARLEYS is the world’s #1 Philly Cheese Steak brand. In 1986, Charleys redefined the Philly Cheese Steak. Today, more than 520 locations in 47 states and 20 countries serve up the world’s number one Philly Cheese Steak. Made with fresh, quality ingredients grilled-to-order the Charleys way. Also known for its gourmet fries smothered in deliciousness and refreshing natural lemonades, the restaurant franchise is quickly expanding to serve the world’s favorite Cheese Steaks across the globe. (Please note: all Charley's Grilled Subs locations will transition to Charleys Philly Steaks by the end of 2015).

Franchisor Background

Year Established: 1990

Franchising Since: 1990

Operating Units

Franchised Units 423 89.8%
Company-Owned Units 48 10.2%
Total Operating Units 471 100%

Geographic Distribution

USA 417 81.8% In 46 States
Canada 4 0.8% In 1 Provinces
International 89 17.5% In 19 Foreign Countries
Total 510 100%

Multi-Unit Operators

Multi-Unit Operators 83
Franchises Owned by Multi-Unit Operators 418

North American Unit Density

Density Units
California 49
Florida 41
Ohio 19

Registered in the following Registration States

California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia

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Support and Training

General Information

IFA Member Yes
CFA Member Yes
Franchisee Association? Yes, is a member
Size of Corporate Staff 75
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Indirect

Marketing Support

Co-Op Advertising No
National Advertising No
Regional Advertising No
Local Advertising No

Ongoing Support

Central Data Processing N/A
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Yes, at additional cost
Inventory Control N/A
Franchisee Newsletter Included
Regional or National Meetings Yes, at additional cost
800 Telephone Hotline N/A

Training

Columbus, OH 3 Weeks
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Financial Requirements

Investment

Minimum Net Worth $300K
Cash Investment $100K
Total Investment $162.9-475.9K
Average Total Investment $319K

Fees

Initial Franchise Fee $24.5K
Average Franchise Fee $24K
On-Going Royalty 6% or $300/Wk.
Average Royalty 6%
Advertising Fee 3%

Site Information and Requirements

Average Number of Full-Time Employees N/A
Average Number of Part-Time Employees 12-15
Space Needs (in square feet) None
Preferred Site Types Regional Mall
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? No
Listed in the SBA Registry? Yes
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 5
Specific Industry Experience 2
Formal Education 2
Psychological Profile 2
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
No
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 50
USA Yes, All United States
Canada Yes
Overseas Yes, All Countries
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Request Information for Charleys Philly Steaks

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