Charleys Philly Steaks vs Tom and Chee Franchise Comparison

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

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Tom and Chee Franchise
Investment $253,231 - $637,568$302,700 - $456,000
Franchise Fee $24,500$30,000
Royalty Fee 6%-
Advertising Fee 0.25%-
Year Founded 19862012
Year Franchised 19912017
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Tom and Chee Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Charleys Philly Steaks Franchise
    Tom and Chee Franchise
      In-House/3rd PartyIn-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
     
    Charleys Philly Steaks Franchise
    Tom and Chee 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
    Tom and Chee Franchise
    US Expansion YesYes
    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

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







    About Tom and Chee

    "Tom

    After expanding to more than 12 locations across seven states,
    Tom & Chee is poised for a new era of rapid growth. With a simplified business model, state-of-the-art training and technology, a new menu and restaurant design, and new leadership with over 50+ years in the franchise industry, Tom & Chee is ready to welcome passionate franchisees who want to own a business that brings joy and love to their communities. Here’s why Tom & Chee stands out as a wise sandwich & grilled cheese franchise investment:

    “Tom & Chee is creating a new category within the sandwich space,” says Roger David, CEO & President of Tom & Chee. “There’s something really special about our brand. We’re changing the game with our sandwich & grilled cheese franchise. It’s new, but also nostalgic. When our customers taste our food they think of Mom. They think of childhood with grilled cheese sandwiches and tomato soup. We have created such a unique menu, with wonderful recipes and food made fresh in-house, and now we have a robust culture of franchise support that is going to take Tom & Chee to the next level. We’re looking for franchisees who are food-centric. If you love food, love people and love community, then you should be a part of a Tom & Chee.”

    The estimated initial investment necessary to begin operation of a Tom & Chee Restaurant franchise ranges from $302,700 to $456,000. This includes $30,000 (if this is the first Tom & Chee franchise you have purchased), $15,000 (if this is your second, third or fourth Tom & Chee franchise you have purchased) or $5,000 (if this is your fifth or greater Tom & Chee franchise you have purchased) that must be paid to the franchisor. The estimated initial investment does not include real estate, related improvement costs or tenant improvement allowances.