OUR STORY
ABOUT THE FRANCHISE
Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Jeff’s journey began with the deli he opened right after college in 1985 in Dayton, Ohio. Just three short years later, he sold his first Penn Station franchise and he remains actively involved in the business. Unlike many other franchises, Penn Station, Inc. is privately-owned which enables us the agility to implement a strategic, long-term view to all facets of the business.
Today, the Penn Station difference still begins with our signature premium products, grilled and baked to perfection to create the best tasting sandwich. Our award-winning food is what sets us apart from all other sandwich chains and we believe our customers can taste the difference. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. In fact, Penn Station restaurants enjoy a unique position within the sandwich category—systemwide, our lunch and dinner dayparts are nearly evenly divided! This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well.
If you are passionate about our brand and committed to operational excellence and fantastic customer service, a Penn Station franchise may be right for you. If you are interested in owning one or more restaurants, we invite you to review our franchise information and contact us today. With many attractive development territories available for multi-unit growth, there has never been a better time to become a Penn Station franchisee.
Listen to Jeff’s story on: FROM THE BEGINNING with Chris Cascella.
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OUR DIFFERENCE
FRANCHISE SUPPORT
We pride ourselves on our operational focus and simplicity. Unlike many other brands, Penn Station’s comprehensive, award-winning franchisee training program is completed in just four weeks.
We strive to offer our franchisees a best-in-class support system, including: Site Selection, Restaurant Design & Construction support, IT & Online Ordering, Operations & Training, Marketing, and Financial Reporting.
OUR REQUIREMENTS
FRANCHISE QUALIFICATIONS
Fee Structure per Restaurant:
These are basic minimum requirements and do not guarantee that you will be approved for a franchise. Please see current Franchise Disclosure Document for full information on fees, average unit volumes, and build-out costs.
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PENN STATION
FRANCHISE FAQ
How much money will I make if I open a Penn Station restaurant?
Our Top 25% of stores saw an annual average of $1,238,133 in net sales during 2023.* Item 19 in our Franchise Disclosure Document (“FDD”) can give you an idea of how much franchisees make. We will provide you the FDD for review, and highly recommend you speak with other Penn Station franchisees as part of your due diligence process.
*This annual average is based on the average monthly net sales of 79 stores. These 79 stores represent the top 25% of average monthly net sales of all 314 stores that were open all of 2023. Of those 79 stores, 34 stores, or 43.04%, reported earning at least $1,238,133 in net sales during calendar year 2023. There is no assurance you will do as well. If you rely upon our figures, you must accept the risk of not doing as well.
Does Penn Station provide training?
Yes. We provide comprehensive, hands on operational training prior to opening your restaurant. Our award-winning training is for four weeks in Cincinnati, OH. The designated Managing Owner (the person who will be in charge of day-to-day operations) is required to attend all training.What support does Penn Station offer Franchisees?
We’re proud of the support we give our franchisees. In addition to our award-winning training, we provide support with site selection, restaurant design, construction support, IT, online ordering, operations and training, marketing, and financial reporting.How much money do I need to open a Penn Station East Coast Subs Franchise?
We require franchisees to have a Net Worth of $500,000 and $300,000 in either cash or liquid assets. The total investment for a Penn Station franchise can range between $507,500 to $858,750 per restaurant, which includes the $25,000 initial franchise fee and other start-up costs. See Item 7 in our current Franchise Disclosure Document for a clearer picture of the costs associated with opening a Penn Station.What is a Managing Owner?
We require each Penn Station franchise group to appoint one full-time “Managing Owner” who will be responsible for the operational performance of the restaurant and attend our award winning four-week training program in Cincinnati, OH. They must have restaurant management experience comparable to the number of restaurants you will develop. The proposed Managing Owner must own a minimum of 10% equity and live in or near the market where your restaurants will be located. Many potential franchisees that do not have a Managing Owner candidate already in mind utilize a recruiter to locate a qualified candidate.How long is the Franchise Agreement Term?
20 years. The initial Franchise Agreement Term is five years from the date of the Franchise Agreement, with three, five-year renewal options.OUR PROCESS
STEPS TO OWNERSHIP
Review Website Information
Select Your Available Territory
Submit Franchise Application
Complete Call with Franchise Specialist
Complete Qualification Process
Attend Exploratory Meeting
Finalize Franchise Approval
