| ||||
Updated RecentlyCharleys Philly Steaks vs Link Business Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Link Business including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $253,231 - $637,568 | $53,200 - $148,500 |
| Franchise Fee | $24,500 | $45,000 |
| Royalty Fee | 6% | 6.5% |
| Advertising Fee | 0.25% | 2% |
| Year Founded | 1986 | 1996 |
| Year Franchised | 1991 | 2007 |
| 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 | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
||
| Training | On-The-Job Training: 120 hours Classroom Training: 60 hours | On-The-Job Training: 40 hours Classroom Training: 16 hours Additional Training: Online broker academy |
| 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising, Ad slicks | Marketing Support Ad Templates Social media Website development Email marketing |
| Operations |
Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | Yes | 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 Link Business
Become a LINK Franchisee
We have now expanded into the competitive US
market, with our first offices in Los Angeles, St. Louis, San Diego and
Phoenix. Now that we have established our presence we plan to expand our
office locations and bring our unique brand of industry tailored
business brokerage to the rest of the US. We are particular about who we
do business with, but if you are an existing business broker or owner
of a business brokering company (even if you are currently with another
group) and are successful, with impeccable integrity - we would like to
hear from you.
We can also send you our 24 page brochure "Partner Overview"
outlining the many benefits of joining LINK, and what's in it for you.Our marketing is second to none, our broker tools are revolutionary,
our software system is powerful and world-leading and our support is
real. We work with individual offices to help them grow and prosper, we
don't just sign you up and move on. LINK has truly changed the landscape
of business brokering, and now its unique system is available in the
United States. Don't miss the opportunity, as franchises locations are
limited.