Penn State East Coast Subs

The Penn Station East Coast Subs franchise is a fast-casual sandwich concept based in Ohio. The brand was established by Jeff Osterfeld, a former co-operator of a deli, in 1985, and it began franchising three years later in 1988. Since its founding, Penn Station has grown to more than 320 locations across the country. The ideal franchise owner is coachable and passionate about customer service. In terms of the initial investment, it ranges between $365,361 to $696,030. The ideal candidate has a net worth of at least $500,000 and $300,000 in cash or liquid assets. Franchise owners benefit from training and the franchisor's 30 years of franchising experience. 

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Penn State East Coast Subs

Penn State East Coast Subs Franchise Cost and Requirements for 2024

Background

Looking to enter the $300+ billion QSR industry? A brand to consider is the Penn Station East Coast Subs franchise. The fast-casual sandwich brand was established in 1985 by Jeff Osterfeld, who began franchising the concept in 1988. Since then, Penn Station has expanded to more than 320 locations across the country. With more than 30 years of franchising experience, franchisees are provided with great support and training, which details everything you need to know about running the business. Topics covered include: General Operations, Bookkeeping and Reporting, Company Policy and Franchise Requirements, Employee Orientation, Use of Equipment, and food preparation. After your location is open, you still get great support with site selection, restaurant design, construction support, IT, online ordering, operations and training, marketing, and financial reporting.
In terms of the initial investment, it ranges between $365,361 to $696,030. The ideal candidate has a net worth of at least $500,000 and $300,000 in cash or liquid assets. Franchise owners benefit from training and the franchisor's 30 years of franchising experience. The brand is known for their cheesesteaks and sandwiches and only using the freshest ingredients. Each Penn Station franchise group has to appoint one full-time “Managing Owner” who will be responsible for the operational performance of the restaurant and attend the four-week training program in Cincinnati, Ohio. Additionally, they must have restaurant management experience and 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 can utilize a recruiter to locate a qualified candidate.

Company Details

Headquarters: Milford, OH 45150
Absentee: No
B2B: No
Canada: No
International: No
Mobile/home-based: No
Exclusive territory: Yes 
First franchise: 1988
Founded: 1985

Support and Training Offered By Penn State East Coast Subs

In terms of support and training, you can expect an initial training program that's broken down into classroom and on-the-job training. During this time, you will learning everything you need to know about running the business including hiring, food prep, marketing and advertising, and more. You will also be assisted with the grand opening of your location and social media.

2024 Franchise Requirements Needed to Own a Penn State East Coast Subs Franchise.

What does a Penn State East Coast Subs Franchise Cost?

Penn State East Coast Subs franchise fees for 2024:

Net worth: $500,000 
Liquid assets: 300,000
Royality fee:  2%-8% (variable rate based on sales volume)
Initial investment:  $366,693 to $820,026
National Advertising Fee: 2% of net sales (up to 3%)
Initial Franchise Fee: $25,000

Is Penn State East Coast Subs a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Penn State East Coast Subs is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Penn State East Coast Subs a Home Based franchise?

No. Penn State East Coast Subs is not a home based franchise opportunity.

What Do Penn State East Coast Subs Franchise Owners Make?

Click here to find out how much Penn State East Coast Subs franchisees make. Penn State East Coast Subs offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Penn State East Coast Subs Offer a Veteran Discount?

No. Penn State East Coast Subs franchise does not offer a veteran discount.

Is Penn State East Coast Subs Looking for Franchisees in Canada?

No. Penn State East Coast Subs franchise is not looking for Canada franchisees.

Is Penn State East Coast Subs Looking for International franchisees?

No. Penn State East Coast Subs franchise is not looking for International franchisees.

Where can I see Penn State East Coast Subs's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Penn State East Coast Subs Franchises for Sale

Click Here to inquire about existing Penn State East Coast Subs franchises for sale. We may have Penn State East Coast Subs franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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