Penn Station East Coast Subs

Penn Station East Coast Subs

Grilled subs
Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Ranked #271 last year
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Initial investment
$390K - $607K
Units as of 2021
311 1.3% over 3 years

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.

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
311 (as of 2021)

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
$389,732 - $607,026
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

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?
Yes
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

Franchise 500 Ranking History

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

Additional Rankings

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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