Penn Station East Coast Subs logo

Penn Station East Coast Subs

Grilled and cold subs, wraps, salads, fries, lemonade, cookies

Investment

$473,793

Initial Franchise Fee

$25,000

Units

322

Growth Rate

+1.6%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 1985
Franchising Since 1987
Parent Company
Leadership Jeffrey Osterfeld, CEO
# of Employees at HQ 36

Units and Growth Chart

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About Penn Station East Coast Subs

Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. In 1985, Osterfeld used his expertise to bring his ideas to life by opening his first restaurant in Cincinnati, Ohio. He introduced the concept of preparing meals directly in front of the customers using only fresh ingredients. Penn Station East Coast Subs franchises are known for their cheesesteaks and sandwiches.

Osterfeld's concept of combining up-scale, quick-service dining experience with fresh ingredients and signature display cooking was converted into a franchise concept in 1987. The average Penn Station East Coast Subs restaurant typically serves a signature menu of grilled and cold deli sandwiches made with high-quality ingredients on freshly baked bread. The restaurant menu also includes fresh-cut fries, hand-squeezed lemonade, and chocolate chunk cookies, all freshly made in front of the customers.

Why You May Want to Start a Penn Station East Coast Subs

Penn Station East Coast Subs has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points, including costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. 

There are more than 300 Penn Station East Coast Subs locations throughout the United States. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. The unique food menu it provides may prove to be attractive for the franchisee with operational simplicity and unit-level economics.

What Might Make a Penn Station East Coast Subs a Good Choice?

As a franchisee, you're part of a network covering locations including Ohio, Illinois, Indiana, Georgia, Kansas, and more. As you decide if opening a Penn Station East Coast Subs franchise is for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Penn Station East Coast Subs franchise would do well in your community.

How to Open a Penn Station East Coast Subs Franchise

To be considered as a potential franchise operator, you typically need to have the following qualifications:

  • Some experience with running a business (preferably a franchise) 

  • Some personnel management experience

  • A sound business strategy that aligns with Penn Station's goals and objectives

  • Meet the financial requirements

If you meet the criteria above, you can generally get started by filling out an online inquiry form. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. If the agent is satisfied, Penn Station East Coast Subs may provide you with a proper franchise application that they expect to be completed within a stipulated time. 

Next, you'll generally need to attend an online exploration seminar, and you'll be introduced to other franchisees. You'll typically then be invited to a meeting at Penn Station East Coast Subs headquarters in Milford, Ohio. Finally, you may be able to sign the franchise agreement that will allow you to open the doors to your tasty franchise.

Investment Details

Initial Franchise Fee $25,000
Initial Investment $473,793 - $768,440
Cash Requirement
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Term of Agreement
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Financing
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Available Territories

Franchising opportunities available in the following regions

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Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
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Classroom Training
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Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

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Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
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Can this franchise be run from home/mobile unit?
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Can this franchise be run part time?
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# of employees required to run
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Are exclusive territories available?
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Veterans program
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Ranking History

Penn Station East Coast Subs performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Penn Station East Coast Subs ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022