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Penn Station East Coast Subs

2012 Franchise 500
#148
At a Glance

Products & Services: Specialty sandwiches

Number of Locations: 226

Total Investment: $291.34K - 465.61K

Founded: 1985

Began Franchising: 1987

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 224 0 0 2
2010 213 0 0 2
2009 205 0 0 2
2008 186 0 0 2

Startup Costs, Ongoing Fees and Financing

Total Investment: $291,335 - $465,606
Franchise Fee: $25,000
Ongoing Royalty Fee: 4-8%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Liquid Cash Available: $150,000 - $500,000
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).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

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 Ranking History

Franchise 500®: #148 (2012), #141 (2011), #183 (2010), #206 (2009),