Penn Station East Coast Subs
#150 Franchise 500| Grilled subs
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Penn Station East Coast Subs
Grilled subs
|

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:

15

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

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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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