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Updated RecentlyCharleys Philly Steaks vs New York 5th Av. Deli Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs New York 5th Av. Deli 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 | $65,000 - $110,000 |
| Franchise Fee | $24,500 | $20,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 0.25% | 2%local +2%Nat'l |
| Year Founded | 1986 | - |
| Year Franchised | 1991 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 120 hours Classroom Training: 60 hours | The New York 5th Av. Deli Academy offers a broad range of technical and managerial courses. The training is designed to provide you with the key skills required to run your stores with a passion for quality - a passion your customers will sense and appreciate through their overall experience at the store. New York 5th Av. Deli also offers onsite training by its experienced professionals and has a specialized team taht can assist your local team in opening a new store. |
| 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 | New York 5th Av. Deli will support you from the moment you sign a contract to the time your store - or stores - open. And the support continues during operation through continuous monitoring of your store, helping you to achieve a consistent high level of customer experience. We also help you promote your business by marketing the brand effectively within your territory. Because our ultimate goal is the same as yours - to generate solid returns on investment by running the business professionally and with the full support of New York 5th Av. Deli 's proven systems. |
| 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 |
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| 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
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#126 in Franchise 500 for 2020.
#294 in Franchise 500 for 2021.
About New York 5th Av. Deli
New York 5th Av. Deli is modeled after deli's common to New York City. We serve a range of high quality sandwiches and salads. Besides our extensive sandwich and salad menu, customers can also "create their own" fresh salads and sandwiches. New York Deli offers a healthy, fresh, and quick meal for people on the go. The store sizes range from 50 sq/m to 150 sq/m. New York deli shops are modern, relaxing, and comfortable places to enjoy your favorite sandwich, soup or salad.