Penn Station East Coast Subs

Founded: 1985 Franchising since: 1987

8276 Beechmont Ave. Cincinnati, Ohio 45255

Phone: (513)474-5957

Franchisor has 11 employee(s); 1 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	205	0	0	2
2008	186	0	0	2
2007	177	0	0	2
2006	159	0	0	3
2005	148	0	0	3

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.
Territory size: Varies

Total investment: $255.3K-485.5K Franchise fee: $25K

Ongoing royalty fee: 4-8% Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Cash liquidity requirement: $100K+
Business Experience:

• Industry experience
• General business experience
• Minimum 3 years restaurant-management experience

Operations

• 85% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 15
• Absentee ownership of franchise is allowed. (15% of current franchisees are owner/operators)

Training

• Available at headquarters: 3 weeks
• At franchisee's location: 1 week

Ongoing Support

• Newsletter
• Meetings
• Grand opening
• Internet
• Field operations/evaluations

Marketing Support

• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#206 (2009); #196 (2007); #177 (2006); #145 (2005);