Business Description

CHARLEY'S STEAKERY is a progressive quick-service restaurant with over 100 locations across the United States and Canada. The heart of CHARLEY'S menu consists of freshly grilled Steak and Chicken Subs, fresh-cut fries and freshly squeezed lemonade. CHARLEY'S open kitchen environment and freshly prepared products are unique in the fast-food industry.

Franchisor Background

Year Established:  1986

Franchising Since:  1991

Operating Units:
Franchised Units:	106	89.8%
Company-Owned Units:	12	10.2%
Total Operating Units:	118	100.0%
Geographic Distribution: U.S.: 108 91.5% In 27 States Canada: 8 6.8% In 1 Canadian Provinces International: 2 1.7% In 0 Foreign Countries   Total: 118 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Florida	8
2. Ohio	15
3. Ontario	8

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, New York, Virginia, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$200K
Cash Investment:	$
Total Investment:	$124.5-294.5K
Average Total Investment:	$210K
Fees:
Initial Franchise Fee:	$19.5K
Average Franchise Fee:	$20K
On-Going Royalty:	5% or $200/Mo.
Average Royalty:	5%
Advertising Fee:	0.25%

Average Number of Employees: , 0 Part-time

Space Needs (in square footage):

Preferred Sites: Strip Center, Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	5
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	2
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	18
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	At Additional Cost
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees
Training:
1. Columbus, OH	3 Weeks
Expansion Plans
Projected New Units Over Next 12 months:	60
U.S.:	Yes, All United States
Canada:	Yes, ON
Overseas:	No