Penn Station East Coast Subs

Penn Station East Coast Subs

Grilled subs
Find out what franchise is right for you
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

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.

Are you looking for guidance and expert advice?

Entrepreneur Franchise Advisors will guide you through the franchising process from start to finish, for FREE.

About Penn Station East Coast Subs

Industry
Food
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)

Franchisor Information

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

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

Are you unsure which franchise is right for you?

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-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
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

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

Buying a franchise is hard, we make it easy

Our Franchise Advisors are here to help make your franchise dreams a reality. They’ll provide guidance and support throughout your journey to make the process of opening a franchise seamless.

Franchise 500 Ranking History

Compare where Penn Station East Coast Subs landed on this year’s Franchise 500 Ranking versus previous years.

Want to stay updated on the latest franchise news?

Never miss a beat when you sign up to receive our newsletter.

We care about the protection of your data. Read our Privacy Policy

Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Penn Station East Coast Subs.

American Freight

American Freight

Title
Furniture, mattresses, appliances
Stride

Stride

Title
Indoor running studios
McAlister's Deli

McAlister's Deli

Title
Sandwiches, salads, baked potatoes
Role
Ranked #47

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Entrepreneur Franchise of the Day: X-Golf

X-Golf describes itself as 'an exciting new Indoor Golf Center and bar concept that offers a unique user experience for both the die-hard golfer and everyday amateur.'

The Top 5 Franchises of 2021 From the Entrepreneur Franchise 500

These five franchises managed to survive the challenges of the pandemic with ingenuity and powerful brand trust.

Matthew McCreary

· 6 min read

Taco Bell CEO Mark King on Tapping Into the Human Element of Operations

A conversation with the man who oversees the Franchise 500-topping fast-food chain.

Scott Greenberg

· 4 min read

Free Webinar | March 22: How To Grow Your Business Through Franchising

So you're ready to expand your business, but where and how do you get started? Franchising is one of the fastest ways to grow, but it's not for everyone.

Entrepreneur Insider

· 3 min read

Desmond Lim

· 7 min read

Perfection Not Required

While businesses must constantly evolve, the pursuit of perfection is the enemy of progress.

Mark Siebert

· 5 min read
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
For reprints and licensing questions, click here.