Charleys Philly Steaks vs Milio's Sandwiches Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Milio's Sandwiches including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$253,231 - $637,568 | $180,000 - $500,000 |
Franchise Fee |
$24,500 | $30,000 |
Royalty Fee |
6% | 6% |
Advertising Fee |
0.25% | 3.5% |
Year Founded |
1986 | 1989 |
Year Franchised |
1991 | 2005 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
$5K | - |
Business Experience Requirements |
Experience |
General business experience | We're looking for outgoing, results-oriented franchise candidates with strong track record of business success; people that can build relationships, lead teams, and have the motivation to excel! Food industry experience a plus.
*Liquid Capital Required: $100,000
*Net Worth Required: $150,000 |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/Yes | -/- |
Payroll |
No/Yes | -/- |
Training & Support |
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 |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
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
#126 in Franchise 500 for 2020.
#294 in Franchise 500 for 2021.
About Milio's Sandwiches
We're Hot! It might be cold-cuts, but our industry is hot. Sandwiches are the fastest growing category, with sales of quick serve restaurants specializing in sandwiches reaching over $10 billion. The average American eats 193 sandwiches per year and visits a franchise sandwich store an average of 2.5 times per week.
What makes the typical Milio's franchise so terrific? The secret's in the sub! We start with the highest quality meats and cheeses. Add onions, lettuce and tomatoes. Even our bread is baked fresh daily, right in each store. It's simple for customers to order from Milio's. A streamlined system keeps store operations simple for our team members. Our franchise program simplifies business ownership for qualified, motivated individuals. We are currently looking for new franchisees throughout Minnesota, Wisconsin, Iowa, Illinois and Nebraska; fulfill your dream of owning your own business with this tremendous franchise opportunity.
Here's what makes Milio's Sandwiches a great opportunity for you:
*Tremendous locations available
*Sandwich segment in a state of explosive growth
*Consumers eat sandwiches 2.5 times a week
*Turnkey operations
*Training and support from experts
*Proven systems
Training & Support: The systems, training and support to get you going...and keep you growing.
The Milio's franchise program gives you the tools, instruction and guidance to be able to open a location of your own and to continue to strengthen business in the years to come.
Here's what you'll receive:
*Use of the Milio's name and logo.
*Assistance in site selection, restaurant design and initial recruitment.
*Training in management, marketing, food preparation and customer service.
*Ongoing operational and promotional support and consultation.
*Ongoing development of new menu items, vendor sourcing and operational techniques.