Press Release

Iconic Philly cheesesteak franchise is named to prestigious list of the top franchise opportunities for 2020

Charleys Philly Steaks, the world’s largest Philly cheesesteak franchise, was recently ranked high on Entrepreneur magazine’s, “Franchise 500,” list of the top franchise opportunities for 2020.

For more than 40 years, the Franchise 500 list has been the premier ranking of franchise opportunities. Entrepreneur magazine researches hundreds of brands on the merits of growth, franchise support, brand recognition and more to determine which brands are worthy investments. Charleys’ position on the ranking is a testament to its strength as a franchise opportunity.

Since our founding more than 30 years ago, Charleys Philly Steaks has served the No. 1 Cheesesteak and has grown to more than 600 locations in the United States and around the world. How did we do it? Our thriving cheesesteak franchise has won over millions of loyal fans by focusing on high-quality ingredients, exceptional customer service and implementing a simple menu. Now that we have added wings, Charleys is even more attractive as a franchise opportunity, as wings increase profit-potential and drive customer traffic.

As a franchise opportunity, Charleys boasts one of the most affordable opportunities in the booming sandwich industry. The total cost to invest in a Charleys Philly Steaks franchise ranges from $253,231 to $637,568. Even better, our exceptional brand recognition, low operating costs and streamlined business model makes our thriving cheesesteak franchise a best-bet investment. This is why we are looking for business-minded entrepreneurs who want to bring tasty, fresh and affordable meals to their community as we expand across the nation.

“Our goal is to reach 3,000 stores in the coming years,” says Charley Shin, CEO and founder of Charleys Philly Steaks. “We’ve been growing at about 60 stores a year for the past several years, and about 70% of our growth comes from our existing franchisees reinvesting in the brand – which is extremely positive. We exist to help our franchisees become successful in business, and we want to help as many entrepreneurs as we can. This brand has never been more successful than it is today, and we’ve never been more excited about the future.”