Penn Station East Coast Subs

Grilled subs

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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:

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

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