Charleys Philly Steaks vs Jersey Mike's Submarines & Salads Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Jersey Mike's Submarines & Salads including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Jersey Mike's Submarines & Salads Franchise
Investment $253,231 - $637,568$169,001 - $804,085
Franchise Fee $24,500$18,500
Royalty Fee 6%6.5%
Advertising Fee 0.25%5%
Year Founded 19861956
Year Franchised 19911987
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $5K-


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Jersey Mike's Submarines & Salads Franchise
Experience
  • General business experience

  • Restaurant experience
    		•

    Financing Options
     
    Charleys Philly Steaks Franchise
    Jersey Mike's Submarines & Salads Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Charleys Philly Steaks Franchise
    Jersey Mike's Submarines & Salads Franchise
    Training On-The-Job Training: 120 hours Classroom Training: 60 hours On-The-Job Training: 360 hours Classroom Training: 40 hours
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
    Marketing Co-op advertising, Ad slicksCo-op advertising, Ad slicks, Regional advertising
    Operations

    Number of employees needed to run franchised unit: 20

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10 - 15

    Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators)

    Expansion Plans
     
    Charleys Philly Steaks Franchise
    Jersey Mike's Submarines & Salads Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Charleys Philly Steaks

    Visits to his relatives near Philadelphia inspired Charley Shin's entrepreneurial spirit, and he saw his future in cheesesteak sandwiches. In 1986, Shin opened his first Charley's Steakery at Ohio State University. The then-22-year-old's restaurant became an instant hit with professors and students. Since then Shin has expanded to locations nationwide. In 1999, he was named Entrepreneur of the Year by Ernst & Young.

    The #1 Cheesesteak in the World

    The total investment necessary to begin operation of CPS Restaurant is $253,231 to $570,540 (excluding real estate and related costs). This includes $24,500 that must be paid to the franchisor.
    The total investment necessary to begin operation of a CPSC Restaurant is $458,996 to $637,568 (excluding real estate and related costs). This includes $24,500 that must be paid to the franchisor.

    Veteran Incentives   50% off franchise fee

    ""  "Entrepreneur
    #126 in Franchise 500 for 2020.
    #294 in Franchise 500 for 2021.







    About Jersey Mike's Submarines & Salads

    The first Jersey Mike's Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956. Peter Cancro started working in the submarine sandwich business when he was 14 years old. At the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike's location. Since it started franchising in 1987, Jersey Mike's has grown to more than 150 franchises.

    Jersey Mike's is one of the biggest and most affordable fast food restaurants and the mobile app delivers the same exciting experience, minus the wait.
    You can quickly browse through all the favorite items on the menu or search by categories including subs, sandwiches, wraps, beverages and desserts, and more.
    Can't find a decent place to stop at on your road trip? Use the app to find the nearest Jersey Mike's and enjoy your favorite meal in no time.
    Get the regular subs and sandwiches or customize them the way you want to.

    Our concept is simple. We provide our customers with the freshest, highest quality sub sandwiches available, prepared right in front of them and served with energy and enthusiasm. Our culture of giving and making a difference in the lives of our customers creates an important bond in the communities we serve. Our business model, which offers a balanced lifestyle, allows our owners the wherewithal to support important causes in their community and the flexibility to have a family life outside the restaurant. Discover how Jersey Mike’s can make a difference in your life.

    "Entrepreneur


    #8 in Franchise 500 for 2020.
    #7 in Franchise 500 for 2021.