
Penn Station East Coast Subs
Grilled subs- Units as of 2020
-
304 (6 lost in 3 years)2%
- 2021 Franchise 500 Rank
-
N/R Ranked #271 last year
- Initial investment
-
$384K - $614K
Company Overview
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About Penn Station East Coast Subs
- Industry
- Food
- Related Categories
- Philly Cheesesteak Sandwiches, Sandwiches
- Founded
- 1985
- Parent Company
- Osterfeld Enterprises
- Leadership
- Jeffrey Osterfeld, CEO
Franchising Overview
- Franchising Since
- 1987 (34 years)
- # of employees at HQ
- 30
- Where seeking
-
This company is seeking new franchisees in the following US states: Alabama, Arkansas, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, North Carolina, Nebraska, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin, West Virginia
- # of Units
- 304 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Penn Station East Coast Subs franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $25,000
- Initial Investment
- $383,844 - $613,764
- Net Worth Requirement
- $500,000
- Cash Requirement
- $300,000
- Royalty Fee
- to 8%
- Ad Royalty Fee
- 2-3%
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 202-209 hours
- Classroom Training
- 25-33 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 15
- Are exclusive territories available?
- Yes
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Franchise 500 Ranking History
Compare where Penn Station East Coast Subs landed on this year’s Franchise 500 Ranking versus previous years.
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