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Updated RecentlyCharleys Philly Steaks vs Pocket Deli Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Pocket 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 | $145,250 - $386,500 |
| Franchise Fee | $24,500 | $35,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 0.25% | - |
| Year Founded | 1986 | 2019 |
| Year Franchised | 1991 | 2019 |
| 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 | - |
| 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 |
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| US Expansion | Yes | 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 Pocket Deli
!["Pocket]("https://fddexchange.com/wp-content/uploads/2020/06/Pocket-Deli-300x113.jpg")
Pocket Deli is excited to announce the availability of Franchises
throughout the United States. We are committed to the growth of Pocket
Deli and bringing what we believe to be the Best Sandwich Experience to
everyone.
The total investment necessary to receive the initial fast-casual
business and industry training as well as the initial required opening
expenses for the select trainees that become a Pocket Deli Single Unit
franchised business is $145,250 to $206,500. The initial fee includes
the $15,000 Preliminary Agreement Fee, that must be paid to the
franchisor for the Site Manual and associated training; and a $20,000
for the Establishment Agreement Fee, that must be paid to the franchisor
for the fast-casual Business and Industry Manual and associated
training, plus for those select trainees who become Pocket Deli
Franchisees the Pocket Deli initial Inventory package amount of $12,000
to secure your chosen territory.
The total investment necessary to begin operation of a Pocket Deli Area Development franchise business is $220,250 to $386,500. This includes the Initial Fees for the first unit and the Development Fee of $75,000 for all additional units that you are agreeing to open over time. The Development Fee must be paid to the franchisor at the time you sign the first Ongoing Franchise Agreement.
The total investment necessary to begin operation of a Pocket Deli Area Development franchise business is $220,250 to $386,500. This includes the Initial Fees for the first unit and the Development Fee of $75,000 for all additional units that you are agreeing to open over time. The Development Fee must be paid to the franchisor at the time you sign the first Ongoing Franchise Agreement.