Charleys Philly Steaks vs Buffalo Wild Wings Franchise Comparison

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

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Buffalo Wild Wings Franchise
Investment $253,231 - $637,568$2,695,100 - $4,244,300
Franchise Fee $24,500$25,000
Royalty Fee 6%5%
Advertising Fee 0.25%3.25%
Year Founded 19861982
Year Franchised 19911991
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $5K$5K


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Buffalo Wild Wings Franchise
Experience
  • General business experience

  • General business experience
  • Track record of success
    		•

    Financing Options
     
    Charleys Philly Steaks Franchise
    Buffalo Wild Wings 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
    Buffalo Wild Wings 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 PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op advertising, Ad slicksCo-op advertising, Ad slicks, National media, 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)

    		 Franchisees required to buy multiple units/master licenses; 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 40 - 60

    Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)

    Expansion Plans
     
    Charleys Philly Steaks Franchise
    Buffalo Wild Wings Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesYes

    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 Buffalo Wild Wings

    Buffalo Wild Wings got its start in 1981 after Jim Disbrow and Scott Lowery moved from Buffalo, New York, to Kent, Ohio. Unable to find authentic Buffalo-style chicken wings in their new town, they decided to open up their own restaurant. Originally called Buffalo Wild Wings & Weck (see Kummelweck) from which the abbreviation BW3 was created, the restaurant became a franchise with over 350 locations across most states of the U.S. The company later changed its name to Buffalo Wild Wings and is no longer uses the short name BW3. The restaurant's theme is a sports bar / restaurant, and each location features multiple large screen televisions that are viewable from all seats. All locations also have game consoles devoted to NTN Trivia. Buffalo Wild Wings is best-known for its buffalo wings with 12 signature sauces. They also have a full menu featuring salads, appetizers, burgers, and specialty items.

    United States Franchising

    We require that our U.S. franchise candidates have a minimum of USD 750,000 in liquid assets and a net worth of USD 1.5 million. Additionally, there is a minimum commitment to develop at least 2 restaurants.

    International Franchising

    We require that our international franchise candidates have a minimum of USD 5 million in liquid assets and net worth of USD 10 million. Additionally, there is a minimum commitment to develop at least 10 restaurants.

    The total investment necessary to begin operation of a Buffalo Wild Wings Sports Bar franchise ranges from $2,695,100 to $4,244,300. This includes $10,000 to $55,000 that must be paid to the franchisor or an affiliate.
    If you sign an Area Development Agreement to develop multiple Buffalo Wild Wings Sports Bars, the total investment necessary to begin operation under the Area Development Agreement is $10,000 to $300,000. This includes $10,000 to $30,000 that must be paid to the franchisor or affiliate.

    #159 in Franchise 500 for 2020.