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Updated RecentlyCharleys Philly Steaks vs Sub Station II Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Sub Station II 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 | $188,500 - $357,000 |
| Franchise Fee | $24,500 | $20,000 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 0.25% | - |
| Year Founded | 1986 | 1975 |
| Year Franchised | 1991 | 1976 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $5K | - |
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/No |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | No/No |
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 | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | Co-op advertising, Ad slicks, Regional advertising |
| Operations |
Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
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
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#126 in Franchise 500 for 2020.
#294 in Franchise 500 for 2021.
About Sub Station II
Quality Food. Great Prices.
Since 1975, Sub Station II has been striving to serve our customers a fresh, delicious, and healthy product. We were founded on the simple belief of making fresh food fast, and customized to fit your tastes. Each one of our sandwiches is sliced to order and piled high right before your eyes, with our produce prepared fresh daily.
Today, Sub Station II has more than 40 locations spread throughout 5 states in the Southeast. With Sub Station II’s recipe for success and reinvigorated corporate team, it’s beginning to move in a direction that will undoubtedly make it one of the major sub sandwich chains in the future. With today’s fast paced lifestyles, more and more people are eating out than ever before. While the number of restaurants and choices have increased over the years, not all of them have the same relentless drive for quality as Sub Station II. We're here to make sure that you and your family have a quality dining experience at all of our locations, all of the time.