Penn Station, East Coast Subs
We serve the general public through Penn Station, East Coast Subs restaurants, an upscale fast casual concept built around East Coast-style cheesesteaks and submarine sandwiches. Our restaurants offer made-to-order sandwiches and a sit-down or quick-service dining experience in a consistent, guest-focused format. Locations are typically placed in strip shopping centers, business districts, and other busy suburban street sites. We operate company-owned restaurants and use them as part of our training and support system, with each restaurant following our operating standards and menu system.
Your franchise match score
Fast Food
Brand highlights
- CEOJeffrey J. Osterfeld
- Headquarters1226 US Highway 50, Milford, OH, 45150
- Year founded1985
- Year started franchising1987
- IndustryFast Food
- 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 Fast Food industry:
Fast food franchises are a staple of the food industry, offering quick and convenient dining options. This sector is highly competitive but offers significant potential for high-volume sales.
Find your perfect franchise fit
Create a free profile and answer a few questions about your goals. SeeThrough will analyze your responses to identify brands that align with your priorities. The more detail you add, the more refined your franchise matches become. Update your profile anytime to sharpen your results, save favorites and compare opportunities side by side.
Brands you may also like
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
Discover how Franchise Sidekick simplifies the franchise buying process and supports your entrepreneurial journey.
Franchisee reviews
See feedback from owners about their experience with Penn Station, East Coast Subs.
Based on 0 reviews
No reviews found for Penn Station, East Coast Subs yet.
Are you a Penn Station, East Coast Subs franchisee? We would like to hear about your experience!