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 ⓘ

$290,984 - $594,478

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%

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

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 - $290,984 High - $594,478

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

Related Franchises

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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: July 19th, 2018

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My Queue

Penn Station East Coast Subs

Grilled subs

Previous | Next

Founded

Franchising Since

Corporate Address

CEO

Parent Company

Initial Investment ⓘ

Net-worth Requirement ⓘ

Liquid Cash Requirement ⓘ

Initial Franchise Fee ⓘ

Ongoing Royalty Fee

Ad Royalty Fee

Ongoing Support

Marketing Support

On-The-Job Training:

Classroom Training:

Absentee Ownership Allowed

Number of Employees Required to Run:

Penn Station East Coast Subs is ranked #150 in the Franchise 500!

Units (Locations)

Where Seeking Franchisees:

Related Franchises

Jersey Mike's Subs

Jimmy John's Gourmet Sandwiches

McAlister's Deli

Arby's

Firehouse Subs

Potbelly Sandwich Shop

Charleys Philly Steaks

HoneyBaked Ham

Franchise Articles

What You Need to Know Before Investing in a Chick-fil-A Franchise (60-Second Video)

Start a Franchise for Less Than $10,000 (60-Second Video)

Natural Disasters Are On The Rise. That's a Big Business Opportunity.

The Best Franchise Brands Of 2019, By Category

Digital Marketing Strategies for Existing and Aspiring Franchise Owners

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: July 19th, 2018

My Queue

Penn Station East Coast Subs Grilled subs Previous | Next

Founded

Franchising Since

Corporate Address

CEO

Parent Company

Initial Investment ⓘ

Net-worth Requirement ⓘ

Liquid Cash Requirement ⓘ

Initial Franchise Fee ⓘ

Ongoing Royalty Fee

Ad Royalty Fee

Ongoing Support

Marketing Support

On-The-Job Training:

Classroom Training:

Absentee Ownership Allowed

Number of Employees Required to Run:

Penn Station East Coast Subs is ranked #150 in the Franchise 500!

Units (Locations)

Where Seeking Franchisees:

Related Franchises

Franchise Articles

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: July 19th, 2018

Regions/States List

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Penn Station East Coast Subs

Grilled subs

Previous | Next