Charleys Philly Steaks vs Hogi Yogi Franchise Comparison

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

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Hogi Yogi Franchise
Investment $253,231 - $637,568$108,000 - $452,000
Franchise Fee $24,500$25,000 - $30,000
Royalty Fee 6%6%
Advertising Fee 0.25%-
Year Founded 19861989
Year Franchised 19911993
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Hogi Yogi Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Charleys Philly Steaks Franchise
    Hogi Yogi 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
    Hogi Yogi 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
    Hogi Yogi Franchise
    US Expansion 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

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







    About Hogi Yogi

     
    In 1989, Mike Clayton, organizer of Hogi Yogi®, perceived the market capability of two prominent nourishment sections in the fast food industry: submarine (hoagie) sandwiches and solidified yogurt. Mike is an alum of Brigham Young University with a Masters in Accounting and had labored for a long time with a Big Six bookkeeping firm. Mike says, "By then in my life- - I was 27- - I chose I needed to go into the fast-food industry, yet it wasn't until I'd done a considerable measure of research that I realized what it ought to be."

    The introduction of the "Hogi" and "Yogi"

    He had a companion whose father had concocted a sweet machine that utilized normal solidified yogurt without including air or sugar. The outcomes possessed a flavor like dessert and had the surface and appearance of frozen yogurt, yet had the nutritious estimation of solidified yogurt. Mike and a couple of financial specialists experienced many names until one Sunday at the family supper table, somebody made a joke about his "hogis and yogis", and the name stuck. "At to begin with, everybody thought it was entertaining and a couple likely thought about whether we were not kidding," says Mike, "Yet it's something individuals recall. It's been a decent decision."

    The First Restaurant

    The principal eatery was implicit the Northern Utah town of Logan. Eateries in Provo, Orem, and West Valley City took after, and business kept on climbing. A long time of research and work went into the couple of eateries before diversifying began - building up the thought happened amid these years.

    Diversifying and the Future

    Diversifying began in 1993. Right now, there are more than 70 eateries in Utah, California, Idaho, Arizona, Nevada, Texas, and North Dakota. Our present objective is to open one beneficial eatery at once.

    Turn into a part of our group!

    Much obliged to you for your enthusiasm for our Hogi Yogi/Teriyaki Stix establishment opportunity! Right now, we are redesigning our Franchise Disclosure Document (FDD). This implies we are presently not able to investigate our establishment opportunity with you because of FTC directions. We envision the procedure will be finished in two or three months. In the event that you take after the connection underneath and round out the frame, we will be in touch when our records are prepared. Much obliged to you for your enthusiasm for a Hogi Yogi or Teriyaki Stix establishment. We anticipate talking with you!