Charleys Philly Steaks vs Original SoupMan, The Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Original SoupMan, The including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Original SoupMan, The Franchise
Investment $253,231 - $637,568$79,500 - $198,500
Franchise Fee $24,500$30,000
Royalty Fee 6%5%
Advertising Fee 0.25%-
Year Founded 19861984
Year Franchised 19912005
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Original SoupMan, The Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Charleys Philly Steaks Franchise
    Original SoupMan, The Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Charleys Philly Steaks Franchise
    Original SoupMan, The Franchise
    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-
    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)

    		-

    Expansion Plans
     
    Charleys Philly Steaks Franchise
    Original SoupMan, The Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    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 Original SoupMan, The

    In 1984, The Original SoupMan opened its doors at 55th Street & 8th Avenue in Manhattan. The tiny storefront quickly became a worldwide destination. Rated #1 by Zagat and praised by the New York Times as "Art, not Soup", it set the standard for innovation and excellence long before the famous Seinfeld episode made it a cultural icon. The Company's franchise operations include highly visible locations in the Mohegan Sun Casinos and more.