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.
Franchise Costs
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)
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
Key Insights
- Lower investment than 79% of Fast Food franchises
- Lower than average SBA loan default rate in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS Current | $204K – $694K | $25K | 6.0% | 744 |
| 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 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
834 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
834 Contacts Available
Unlock all CHARLEYS; CHARLEYS PHILLY STEAK; CHARLEYS GRILLED SUBS franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
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.
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