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Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs The Wow! What a Sub!! Boyz Subs & Steaks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $253,231 - $637,568 | $187,500 - $249,000 |
Franchise Fee | $24,500 | $17,500 |
Royalty Fee | 6% | 4% |
Advertising Fee | 0.25% | - |
Year Founded | 1986 | 1990 |
Year Franchised | 1991 | 2004 |
Term Of Agreement | 10 years | 20 years |
Term Of Agreement | 10 years | 20 years |
Renewal Fee | $5K | 50% of then franchise fee |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/Yes | No/Yes |
Payroll | No/Yes | No/Yes |
Training & Support |
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Training | On-The-Job Training: 120 hours Classroom Training: 60 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 Platform | Grand opening, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Absentee ownership of franchise is allowed. |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
NO LONGER FRANCHISING
In 1989, two business visionaries restless to construct an independent venture acknowledged there was a clear requirement for a sub/sandwich shop that exemplified quality. In view of this the idea is offer just crisp cut meats and cheeses just before your eyes and permitting every client to see their sandwich made to their own inclination.
For more than 20 years and serving more than one million clients, organizers Ken Mark still yearning to bring each client unprecedented subs and steaks day by day. Stop in today and appreciate a really awesome sub or steak of your decision.