Penn Station/East Coast Subs
Penn Station/East Coast Subs
8276 Beechmont Ave.
Cincinnati, OH 45255-3153
800#:
Tel: (513) 474-5957
Fax: (513) 474-7116
E-Mail:
Web Site: www.penn-station.com
Contact: Mr. Mark Partusch, Dir. Sales/Development
Retail sale of authentic 'East Coast-style' submarines, including the original Philadelphia cheesesteak, all prepared fresh before the customer. Fresh-cut fries, flash fried in peanut oil, and fresh-squeezed lemonade.
Franchisor Background
Established: 1985
First Franchise: 1987
Franchise Units: 79
Company-Owned Units: 4
Total Units: 83
Distribution:
U.S. -- 83;
Canada -- 0;
International -- 0
-North America -- Operations in 4 States
-States/Provinces with Greatest Density: 41 in OH, 14 in IN, 13 in KY
Projected New Units Over Next 12 months: 25
Franchisee Qualifications: 3, 5, 3, 4, 4, 5
(Click here for an explanation)
Registered in Following Registration States: IN (Click here for an explanation)
Average Number of Employees: 11 FT, 10 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,600-1,800 SF; FS, SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $40-82.5K
Total Investment: $182.8-328.7K
Average Total Investment: $253.8K
Minimum Net Worth: $Varies
Fees:
-Franchise: $17.5K
-Average Franchise Fee: $17.5K
-Royalty: 4-7.5%
-Average Royalty: 5.8%
-Advertising: 1%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5/5/5/5
Passive Ownership: Allowed
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 13
On-Going Support: C,D,E,F,G,H (Click here for an explanation)
Training: 2 Weeks Penn Station in Cincinnati, OH; 2-3 Days On-Site Training Prior to Grand Opening.
Franchisor's Specific Expansion Plans
U.S.: Midwest, Southeast, South
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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