Penn Station East Coast Subs
Grilled subs
Penn Station East Coast Subs
Grilled subs
About
Founded
1985
Franchising Since
1987 (31 Years)
Corporate Address
1226 U.S. Hwy. 50
Milford, OH 45150
CEO
Jeffrey Osterfeld
Parent Company
Osterfeld Enterprises
Financial Requirements
Initial Investment ⓘ
$293,102 - $593,027
Net-worth Requirement ⓘ
$500,000
Liquid Cash Requirement ⓘ
$300,000
Ongoing Fees
Initial Franchise Fee ⓘ
$25,000 - $25,000
Ongoing Royalty Fee
4-8%
Ad Royalty Fee
2-3%
Financing Options
Penn Station East Coast Subs has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Support Options
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings/Conventions
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
On-The-Job Training:
202-299 hours
Classroom Training:
25-33 hours
Absentee Ownership Allowed
Number of Employees Required to Run:
15
Penn Station East Coast Subs is ranked #177 in the Franchise 500!
Bio
Jeff Osterfeld opened his first quick-service restaurant, Jeffrey's Delicatessen, in Dayton, Ohio, in 1983. A visit to the east coast inspired him to add Philly cheesesteaks to his menu. Then in 1985, he made cheesesteaks the star of the menu in his second restaurant, the first Penn Station, in Cincinnati. Franchising of the concept began two years later.
Cost
Initial Investment: Low - $293,102
High - $593,027
Units
+1.0%+3 UNITS (1 Year)
+11.1%+31 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
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