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242. Penn Station East Coast Subs

Last Year's Rank: 245

Investment Range: $290,984 - $594,478

Category: Restaurant

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Company Description


This chain of sub sandwich shops specializes in the Philly cheesesteak sandwich, along with a number of specialty subs. Jeff Osterfeld created the concept in 1983. He opened his first restaurant (then called Jeffrey's Delicatessen) in Dayton, Ohio, and renamed the brand in 1985, the same year he expanded into Cincinnati. It became a franchise in 1987. In addition to its sandwiches, Penn Station restaurants also serve their trademarked french fries and lemonade.

Company Statistics


Global Sales: $200,290,873

US Units: 310

Total Units: 310

Percent Franchised: 100%

% International Units: 0%

US Franchised Units: 309

Sales Growth %: 2.4%

Unit Growth %: -1.0%

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