Penn Station East Coast Subs
#150 Franchise 500| Grilled subs

Penn Station East Coast Subs
Grilled subs

About
Founded

1985

Franchising Since

1987 (32 Years)

Corporate Address

1226 U.S. Hwy. 50
Milford, OH 45150

CEO

Jeffrey Osterfeld

Parent Company

Osterfeld Enterprises

Financial Requirements
Initial Investment

$347,955 - $556,804

Net-worth Requirement

$500,000

Liquid Cash Requirement

$300,000

Ongoing Fees
Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

to 8%

Ad Royalty Fee

2-3%

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

Ad Templates

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 #150 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 - $347,955 High - $556,804
Units
+1.6%+5 UNITS (1 Year) +6.1%+18 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units in the following regions/states:
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

How Liberty's First Franchisee is Still in Awe with the Brand

Virender Narwal, Partner, Naruson Sales Corporation, shares his story with the brand over the last three decades and how Liberty differentiates from the competition.

How Four Friends Became Successful Franchisees

By splitting responsibilities and respecting each other's skill sets, these pals created a successful Coder School operation.

Pure Barre's President Is Getting the Brand in Top Shape

The young franchisor has focused on improving operations -- and sales have increased as a result.

What Should Franchises Look for in a Law Firm?

Whether you're a franchisor or a franchisee, follow these experts' words of advice.

4 Hidden Benefits of Entrepreneurship

Kumon Franchisees discuss how entrepreneurship has enriched their careers and lives in ways they never anticipated.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 1st, 2019