Charleys Ranked among the Franchise Elite in Entrepreneur’s Prestigious 34th Annual Franchise 500®
Fast Casual Sub Shop Claims #1 Spot in “Philly Cheesesteak” Category for 10th Year Running
COLUMBUS, Ohio – Dec. 21, 2012 – Charleys was recently ranked in Entrepreneur magazine’s 2013 Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® placed Charleys at #91 for its exceptional performance in areas including financial strength and stability, growth rate, and system size. The company is steady and climbing, up two spots overall from 2012 and again #1 in the “Philly Cheesesteak” category for the 10th year in a row.
“It is an honor to, once again, be featured in the Franchise 500®,” said Bob Wright, President & COO of Charleys. “More importantly, we’re ecstatic to lay claim to the top spot in the Philly Cheesesteak category for the 10th straight year. That distinction strengthens our belief in the food and the brand, which has been going strong now for more than 26 years.”
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“We’re delighted to share the positive strides the companies in this year’s listing are making and showcase them as representations of business strength,” said Amy Cosper, VP and Editor-in-Chief of Entrepreneur. “The Franchise 500® are a major force contributing to the franchise upswing. Their ability to successfully satisfy customers, continually add units, create jobs and grow overall keeps them ahead of the rest and worthy of distinction.”
Over its 34 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Charleys’ position on the ranking reinforces its strength in the industry.
To view Charleys in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January issue of Entrepreneur on newsstands on Jan. 18, 2013. To learn more about Charleys, please visit www.charleys.com.
With more than 500 locations in 2012, Charleys is the world’s largest Philly Steak Sandwich chain. It’s famous for its hot cheesesteak sandwiches made-to-order with USDA choice steak, chicken and deli meats. The crowd pleasing menu also includes gourmet fries, lemonades and salads – all prepared fresh by hand with top quality ingredients. Founded in 1986, the Columbus, Ohio headquartered company has locations in 43 states and 18 countries. Charleys is a privately-owned franchisor that is also proud to serve the U.S. with locations at military bases worldwide. For more information, go to www.Charleys.com.
Fishman PR & Marketing