Charleys Philly Steaks vs Planet Sub Franchise Comparison

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

Start-Up Costs and Fees
 
Charleys Philly Steaks Franchise
Planet Sub Franchise
Investment $253,231 - $637,568$182,000 - $402,000
Franchise Fee $24,500$25,000
Royalty Fee 6%5%
Advertising Fee 0.25%1 - 3%
Year Founded 19861979
Year Franchised 19910
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Charleys Philly Steaks Franchise
Planet Sub Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Charleys Philly Steaks Franchise
    Planet Sub 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
    Planet Sub Franchise
    Training On-The-Job Training: 120 hours Classroom Training: 60 hours

    Comprehensive 30 day training program
    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
    Planet Sub Franchise
    US Expansion YesYes
    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 Planet Sub

    The Planet Sub franchise has grown from its Midwest heritage to expand across the US. Now, we are inviting you to join the Planet Sub franchise family at a time when our vision and mission have never been stronger.

    What does that mean for you? It means you get all the benefits of an established (and loved) brand, and that you can join a concept that isn’t just a blast to operate and wildly delicious, but also one that’s been built on proven ground.

    We don’t just boast freshness in our marketing, we live it at each Planet Sub franchise location. We operate at a higher level of quality than any of our competitors. This gives us the ability to advertise with a true point of difference, and gives us a pride in our work that spreads through every employee, into every sandwich we make.