Philly's Best Cheesesteaks specializes in cheesesteaks made with Angus beef and Amoroso rolls, alongside sandwiches, salads, and sides. The franchise supports operators with training and marketing.
Key Insights
- Philly's Best Cheesesteaks began with a passion for authentic Philadelphia cheesesteaks, developing its unique recipes and operational approach to deliver a consistent, high-quality product. The franchise has grown by focusing on a straightforward, efficient business model centered around its signature sandwiches and a welcoming customer experience.
- The business operates with a streamlined kitchen process designed for speed and consistency, emphasizing fresh ingredients and proven preparation methods. This focus allows for efficient service and a replicable model beneficial to franchisees seeking established operational guidelines and a strong brand identity.
- The franchise operates within the fast-casual dining sector, a segment known for its accessibility and appeal to a broad customer base seeking convenient, flavorful meals. This industry segment demonstrates sustained consumer interest in well-executed comfort food classics, providing a stable market for the business.
Franchise Fee and Costs to Open
Exploring the financial picture of Philly's Best Cheesesteaks gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $237,000 - $488,000, along with a franchise fee of $38,000 - $38,000.
Financial Performance and Revenue
Yearly gross sales of $809,853 and estimated earnings of $97,183 - $121,478 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.8-5.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Philly's Best Cheesesteaks provides new franchisees with comprehensive training. This initial program, lasting two weeks, takes place at their corporate location. The franchisor offers guidance on operational procedures and product preparation. Philly's Best Cheesesteaks recommends utilizing established marketing materials for brand consistency. Resources include operational manuals and ongoing support.
Legal Considerations
Legal considerations for a Philly's Best Cheesesteaks franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a cheesesteak franchise involves navigating local market dynamics, including the presence of established eateries and emerging food trends. Ensuring consistent product quality requires managing ingredient sourcing and timely delivery from designated suppliers. The day-to-day operation demands efficient staff management, adherence to food safety standards, and maintaining brand-wide service protocols to meet customer expectations.
Franchise Datasheet
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