CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS
Gosh Enterprises, Inc. franchises Charleys Restaurants, quick-service to fast-casual eateries offering Philadelphia-style cheesesteaks, grilled subs, buffalo-style chicken wings, french fries, lemonade, and soft drinks under names like Charleys Philly Steaks and Charleys Grilled Subs. They provide a comprehensive system including trademarks, designs, recipes, and operational standards for CPS Restaurants in mall food courts, airports, and inline locations, and CPSW Restaurants in freestanding spots or Walmarts with expanded chicken menu items. The business targets the competitive quick-service restaurant industry, serving consumers seeking affordable, grilled hot subs and related items.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty (greater of 6% gross sales or $300 weekly) + 1% marketing fund (part of 3-4% APO incl. local marketing) + Walmart location fixed fees approx. $7-$276/mo (technology, internet access, digital menu board support)
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 641 franchised Restaurants that were open during the entire 2024 calendar year.
* The overall average gross revenue for 'All Restaurants' was directly extracted from the provided table, and verified to be a weighted average of the sub-categories. Note 4 explicitly states that costs of sales, operating costs, and other expenses were not included, thus preventing the calculation of net income, net profit, EBITDA, or a profit range.
Extracted Item 19 Section
How CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS Compares to Other Fast Food Franchises
Key Insights
- Lower investment than 79% of Fast Food franchises
- Lower than average SBA loan default rate in Fast Food
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS Current | $204K - $694K | $25K | 6.0% | 744 |
| Burger King | $2.1M - $4.7M | $50K | 4.5% | 19,732 |
| MCDONALD'S | $1.5M - $2.6M | $45K | N/A | 12,772 |
| AFC | $45K - $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M - $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K - $728K | $35K | 6.0% | 2,647 |
Fast Food Average 127 franchises | $605K - $1.5M | $35K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 127 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+34 more states
SBA Loan History
Historical SBA 7(a) loan data for CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchisees (2010 - 2016)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise?
The total initial investment to open a CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise ranges from $203,736 to $694,249. This includes a franchise fee of $24,500. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise make?
According to the 2025 FDD, the average gross revenue for a CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise is $911,062. The median revenue is $813,041.
How many CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise locations are there?
As of the 2025 FDD, CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS has 744 franchise locations. The company has been franchising since 1990.
Can you get an SBA loan for a CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchise?
Yes, SBA loans are available for CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchises. Historical data shows 23 SBA 7(a) loans have been approved for CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchisees, with an average loan amount of $142,357. The historical default rate is 4.3%.
Is CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS a good franchise to buy?
CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS shows several positive indicators: established brand with 744+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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