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Charley's Grilled Subs

CHARLEY'S GRILLED SUBS is a progressive quick-service restaurant with over 300 locations across the United States and Canada. The heart of CHARLEY'S menu consists of freshly grilled Steak and Chicken Subs, fresh-cut fries and freshly squeezed lemonade. CHARLEY'S open kitchen environment and freshly prepared products are unique in the fast-food industry.

Franchisor Background

Year Established:

1986

Franchising Since:

1991

IFA Member

Operating Units:
Franchised Units:	382	91.4%
Company-Owned Units:	36	8.6%
	______	_____
Total Operating Units:	418	100%

Geographic Distribution:
U.S.:	387	92.6%	In 39 States
Canada:	3	0.7%	In 1 Canadian Provinces
International:	28	6.7%	In 8 Foreign Countries
	______	_____
Total:	418	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. California	30
2. Ohio	28
3. Florida	28

Registered in Following Registration States:

California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$300K
Cash Investment:	$100
Total Investment:	$152.5-575K
Average Total Investment:	$363K

Fees:
Initial Franchise Fee:	$19.5K
Average Franchise Fee:	$20K
On-Going Royalty:	5% or $250/Wk.
Average Royalty:	5%
Advertising Fee:	0.25%

Average Number of Employees:

, 12-15 Part-time

Space Needs (in square footage):

N/A

Preferred Sites:

Strip Center, Regional Mall

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	35
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Indirect

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	At Additional Cost
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Not Applicable

Training:
1. Columbus, OH	3 Weeks

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	4
General Business Experience:	5
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	2
Personal Interview(s):	5

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, All United States
Canada:	No
Overseas:	Yes, All Countries

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Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: