Franchises · 2026 FDD · Wisconsin DFI filing 641332
Charleys Philly Steaks franchise cost, unit revenue and closures
Opening a Charleys Philly Steaks cost $203,492 to $696,266 in the 2026 FDD; the median unit sold $743,169 in the franchisor's 2025 calendar year figures; 10.2% of franchised units closed over three years.
Franchisor: Gosh Enterprises, Inc.. FDD issued 2026-04-28. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-04.
What a unit costs to open
standard Restaurant (first Item 7 table); a CPSW Restaurant totals $202,690 to $1,004,447 and a Walmart location $252,061 to $646,224.
What a unit pays the franchisor
| Initial franchise fee | $24,500 | Item 5, p. 5 |
|---|---|---|
| Royalty | Royalty the greater of $300 or 6% of Gross Sales, weekly | Item 6, p. 6 |
| Advertising fund | Advertising and Promotion Obligation currently 3% of Gross Sales (1% to the Marketing Fund, 2% local store marketing), not to exceed 5% | Item 6, p. 6 |
first Restaurant; reduced fees were paid for five Restaurants in 2025.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
| Measure | Gross Sales, calendar 2025, all franchised Restaurants in the statement (All Restaurants row) | |
|---|---|---|
| Sample | 713 units: 713 franchised Restaurants open all of 2025, also shown by venue: 310 mall food court (average $1,011,314), 194 strip center ($803,888), 141 Walmart ($611,127), 65 military bases ($664,875) and 3 airport ($1,300,879); delivery-platform discounts and refunds deducted | |
| Period | 2025 calendar year | |
| High / low | $2,910,878 / $194,646 | |
Revenue to investment
Formula: Item 19 median / Item 7 standard Restaurant total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 611 | 700 | 744 |
| Opened | 111 | 65 | 45 |
| Terminated | 0 | 1 | 0 |
| Not renewed | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 4 | 0 |
| Ceased, other reasons | 22 | 16 | 23 |
| End of year | 700 | 744 | 766 |
| Company-owned, end of year | 61 | 69 | 60 |
Item 20, Table 1 p. 43; Table 3 totals p. 49.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
Source and method
Every figure above comes from the Charleys Philly Steaks Franchise Disclosure Document issued 2026-04-28, as filed with the Wisconsin Department of Financial Institutions (filing 641332, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.