Charlie Graingers
The total investment to open a Charlie Graingers franchise ranges from $150,000 to $878,040. The initial franchise fee is $25,000.
What is the Charlie Graingers franchise?
Charlie Graingers Hot Dogs, Brisket, and BBQ traces its roots to 1939, when Mr. Charlie and Mrs. Anne Grainger opened Wilmington, North Carolina's first drive in restaurant on Queen Street under the name Peacock Alley. The original building measured 310 square feet. The Graingers retired in the 1980s, but their hot dogs and southern cooking remained part of Wilmington's identity. In 2012, entrepreneur Louis North purchased the site, removed the deteriorating structures, and rebuilt it. The restaurant reopened as Peacock Alley in 2013 and became Charlie Graingers in 2015. The flagship now occupies a 908 square foot building at the same Queen Street address, with 12 custom made counter stools and 10 handmade gas lanterns. Charlie Graingers Franchising LLC is headquartered in Wilmington and has 5 total units, including 2 franchised locations. CEO Jason Nista previously co founded and served as chief operating officer of The Fuzzy Peach. Director of Franchise Development Greg George has developed franchise systems for Port City Java, The Fuzzy Peach, and Shuckin' Shack. The concept is an emerging limited service restaurant franchise built around southern culinary roots. PeerSense's review is independent research rather than marketing material, with conclusions based on verifiable data.
The U.S. limited service restaurant market is estimated at $97.85 billion in 2025 and is projected to grow at a 6.45% compound annual growth rate to $133.71 billion by 2030. Worldwide, the market was estimated at $871.02 billion in 2025 and is projected to reach approximately $1.436 trillion by 2034, growing 5.7% annually. The U.S. quick service segment is projected to reach $330.56 billion in 2025, up from $311.54 billion in 2024, and to reach $436.07 billion by 2029 at a 7.2% compound annual growth rate. Speed is critical to 95% of consumers ordering takeout, 65% of quick service visitors use mobile order ahead apps, and 78% of brands reported higher digital orders in 2022. Drive through, delivery, and takeaway account for over 70% of revenue at leading limited service brands. Dual income households with limited time, urbanization, digital ordering, and demand for affordable meals support this format. Charlie Graingers serves hot dogs, brisket, and southern style BBQ in a simple, fast setting. The hot dog and southern BBQ fast service niche remains fragmented, with no single dominant national brand.
The initial Charlie Graingers franchise fee is $25,000, compared with a QSR industry average range of $6,250 to $90,000. Total investment ranges from $150,000 to $878,040, while the brand has historically promoted that most locations should cost less than $100,000 to establish. The range reflects real estate conditions, site work, permitting, construction costs, and whether the location is in a coastal tourist market or an inland secondary city. Franchise development materials cite a minimum liquid capital requirement of $30,000. Across the QSR industry, continuing royalty fees generally range from 4% to 8% of gross sales, and marketing or advertising contributions generally range from 1% to 5% of gross sales. The standard store is compact, with five sandwiches, three side items, and drinks. Lunch service runs from 11 AM to 4 PM, which can reduce labor, utilities, and management demands. The total investment ceiling below $900,000 may fit conventional small business lending programs, including SBA financing pathways, subject to lender review. PeerSense introduces franchise buyers to SBA and conventional lenders but is not a lender and does not approve financing.
Most Charlie Graingers locations are designed to operate with fewer than five employees. Competitors with more complex menus may require six to twelve team members per shift. The five sandwich and three side item menu can shorten training, reduce kitchen errors, make ingredient purchasing more predictable, and limit waste. Operating from 11 AM to 4 PM reduces weekly labor hours and utility use while giving an owner operator more time outside the business. The Franchise Disclosure Document introduced in October 2015 described various resources and operational support, and the company has promoted training and continuing field support. The development team, including Greg George and Jason Nista, has experience across multiple franchise brands and has recruited Area Representatives, Multi Unit Operators, and Individual Store Owners. The format mirrors the 908 square foot Wilmington flagship and can fit strip center inline locations, standalone pad sites, and tourist corridor storefronts. Territory and exclusivity terms appear in the franchise agreement and should be reviewed with legal counsel, especially in connection with development deals across the Southeast.
Charlie Graingers has generated documented activity in tourist and coastal markets. The Wilmington flagship, Ocean Isle Beach location, and Panama City Beach location were identified as operating during the expansion period. Investors should use customer traffic, average check size, and operating hours to build unit models for a compact lunch concept operating five days per week with fewer than five employees. They should also request written support for financial claims made during discovery.
Charlie Graingers announced franchise agreements for over 20 locations across six states in August 2015, with a projection of nearly 50 agreements by year end. By January 2016, commitments totaled 142 agreements in North Carolina, South Carolina, West Virginia, Mississippi, Louisiana, Florida, Georgia, Virginia, and Maryland. In May 2016, Disabella Partners LLC agreed to develop 107 locations in North Carolina and South Carolina. By August 2016, commitments exceeded 350 across the Southeast from Florida to Virginia, including a Cynergetic LLC agreement for over 115 Florida locations, with six under development. A September 2016 agreement with Dual Energy LLC for 74 Alabama and Georgia stores pushed total commitments above 400. The current system has 5 operating units, showing the difference between signed development agreements and open stores. The brand combines an 85 year origin story, coastal tourist markets, and a simplified operating model. Louis North has said the company continues developing menu items while keeping its traditional offerings. In a market where 63% of QSR customers favor mobile ordering and digital first engagement, product development remains relevant.
The intended franchise candidate is an entrepreneurially minded operator who values a simpler restaurant model and lifestyle balance. Fewer than five employees and service from 11 AM to 4 PM may suit owner operators seeking daily involvement without the 70 hour work weeks associated with full service restaurants or QSR concepts serving multiple dayparts. The system has recruited Area Representatives, Multi Unit Operators, and single unit owners. Its geographic focus has been the southeastern United States, with activity in Wilmington, Ocean Isle Beach, Panama City Beach, Myrtle Beach, Hilton Head, and Sandestin. Markets with strong seasonal tourism and a dependable local lunch base may fit the five hour service window. Development timing depends on site selection, permitting, construction, the market, and real estate conditions. The franchise agreement sets terms for territory rights, renewals, and transfers. A qualified franchise attorney should review those provisions before an investment decision.
Charlie Graingers operates within the $97.85 billion U.S. limited service restaurant market with an 85 year history, a labor model of fewer than five employees, lunch service from 11 AM to 4 PM, and total investment of $150,000 to $878,040. Its legal history and 5 operating units warrant detailed review. Prospective buyers should speak with franchisees, examine the current FDD with professional guidance, and model results conservatively rather than assuming tourist market performance. The Loan Activity Score is 15, classified as Limited, reflecting the system's early stage and small operating base. PeerSense provides due diligence information that includes SBA lending history, Loan Activity Score, location maps with Google ratings, FDD financial data, and comparison tools for reviewing Charlie Graingers alongside other limited service restaurant concepts. PeerSense's research can help buyers organize questions, assess available evidence, and compare financing considerations while evaluating the opportunity.
Loan Activity Score
15/100
SBA Default Rate
60.0%
Active Lenders
2
According to its Franchise Disclosure Document or public business records, Charlie Graingers has 3 locations, all owned by franchisees. Public SBA loan records show 2 lenders made 5 loans to franchisees of Charlie Graingers. PeerSense calculates Charlie Graingers's score as 15 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1939 · 3 locations
$150,000 to $878,040
$25,000
3
3 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Charlie Graingers
5
Total SBA loans
$185K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Charlie Graingers
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
60.0%
vs 10.3% peer avg
SBA Loans
5
Total Volume
$0.9M
Active Lenders
2
States
4
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Charlie Graingers based on SBA lending data
SBA Default Rate
60.0%
49.7% above peer avg
SBA Loan Volume
5 loans
Across 2 lenders
Lender Diversity
2 lenders
Avg 2.5 loans per lender
Investment Tier
Significant investment
$150,000 to $878,040 total
Charlie Graingers: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2016
5 approvals. The best year on record for Charlie Graingers.
Top SBA State
North Carolina
2 SBA financed Charlie Graingers locations, the densest operator footprint.
Average Loan Size
$371K
Median $190K. Use as a sizing anchor when modeling your own Charlie Graingers unit.
Lender Concentration
100%
Concentrated
Share of Charlie Graingers approvals captured by the top 3 SBA lenders.
Charlie Graingers's SBA lending pipeline peaked in 2016 (5 approvals). Operator density is highest in North Carolina with 2 SBA financed locations. Average funded ticket sits at $371K, with the median at $190K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$1,553
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Charlie Graingers, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman