Penn Station, East Coast Subs
An upscale, fast casual restaurant business serving prepared-to-order "East Coast" style cheesesteaks and submarine sandwiches to the general public from a fixed restaurant location.
Your franchise match score
Food & Beverage
Brand highlights
- CEOJeffrey J. Osterfeld
- Headquarters1226 US Highway 50, Milford, OH, 45150
- Year founded1985
- Year started franchising1987
- IndustryFood & Beverage
- Locations open310 (+13 last three years)
Statistics & metrics
- Investment range$347,955 - $556,804
- Franchise fee$25,000
- Royalty2% on net sales < $30,000 unless the net sales are within the applicable 5 year period (see below) in which case zero percent (0%) for that month; 3% on net sales > $30,000 but < $35,000; 4% on net sales > $35,000 but < $40,000; 5% on net sales > $40,000 but < $45,000; 6% on net sales > $45,000 but < $50,000; 7% on net sales > $50,000 but < $55,000; and 8% on net sales > $55,000 (the “Current Royalty Rates”).
- Brand fundCurrently 2% of monthly net sales and upon notice, may be increased to up to 3% of monthly net sales (the “Current National Fund Fee”) except for certain existing franchisees who are grandfathered at 1% of monthly net sales for the term of their agreements.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Food & Beverage industry:
The food and beverage industry offers diverse franchise opportunities, ranging from fast-casual dining to specialty cafes and food trucks. This sector is a resilient choice for entrepreneurs passionate about culinary trends and customer service.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2019-04-18
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Penn Station, East Coast Subs, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Penn Station, East Coast Subs's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Penn Station, East Coast Subs, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Penn Station, East Coast Subs franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Penn Station, East Coast Subs provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 310 |
| Franchise locations | 306 |
| Corporate locations | 4 |
System growth over time
FAQs
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