| ||||
Updated RecentlyCharleys Philly Steaks vs Souper Salad Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Souper Salad including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $253,231 - $637,568 | $593,650 - $873,200 |
| Franchise Fee | $24,500 | $30,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | 0.25% | - |
| Year Founded | 1986 | 1978 |
| Year Franchised | 1991 | 2009 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5K | - |
Business Experience Requirements |
||
| Experience | - | |
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
![""]("https://static.franchisedirect.ie/dims4/default/9cfe0cd/2147483647/crop/454x434%2B0%2B0/resize/200x191/quality/95/?url=http%3A%2F%2Fd1imm0s6tc8o7m.cloudfront.net%2F1f%2F1f%2F47018bb74550b92351e946038cf1%2Ftop100-big-2020.png")
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#126 in Franchise 500 for 2020.
#294 in Franchise 500 for 2021.
About Souper Salad
Souper Salad restaurants are perfect for customers seeking a casual atmosphere with fresh, and healthy food. Now operating bustling locations in multiple states, we're pleased to invite you to join in the success of the growing Souper Salad family.Souper Salad is actively seeking experienced retail operators with proven expertise in the food service industry. Souper Salad franchisees must be experts in their markets, be willing to work diligently and provide full-time best efforts toward the success of the Souper Salad brand.
Our all-you-can-eat buffet features made-from-scratch soups, fresh
salads and fruit, delicious made-from-scratch breads, baked potatoes,
and dessert. Our menu items change daily and seasonally so you can try
something new each visit as well as savor your favorites - and it’s all for one low price!
- Veteran Incentives
- 50% off franchise fee