Penn Station East Coast Subs Announces New Development Agreements

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Agreements add 49 new restaurants in four states

March 08, 2022 // Franchising.com // MILFORD, OHIO – Penn Station East Coast Subs signed multiple new agreements in January with new and existing franchisees for a total of 49 new restaurants in Southern Indiana (8); Kansas City (23); Columbus, Ohio (12); and Indianapolis (6).

“This has been an exciting way to start the year and we hope to continue to build on our momentum. We are seeing multi-unit, multi-concept owners taking notice of Penn Station’s targeted markets for growth,” said Craig Dunaway, COO of Penn Station. “People love Penn Station for our amazing food, and we have expanded our brand messaging to target prospective franchisees within available markets where we want to open. We invested a lot of time in 2021 revamping our growth focus and overall development strategy. Southern Indiana, Columbus and Kansas City are now sold out with new development agreements.”

“We are also very excited to see new franchisees from other concepts add our brand to their current portfolio,” Dunaway said. “They believe Penn Station fits well with their current infrastructure and culture and we have availability to build stores in markets where their other concepts are fully saturated.”

The new franchisees are projected to open the new restaurants over approximately the next 60 months. These 49 new restaurants are on top of the 50 new units Penn Station signed last year that will also open in approximately the next five years.

Based on its success, Penn Station continues to offer its Target Growth Area Development Incentive Program. The program offers 0 percent royalty for six months and 50 percent off initial franchise fees to both current and new franchisees that sign a new development agreement to open one or more new restaurants in eligible target growth areas.

The Target Growth Area Development Incentive Program includes the following areas:

Atlanta, Georgia; Detroit, Michigan; Chattanooga and Memphis, Tennessee; Chicago, Illinois; Charlotte, Raleigh, and Winston-Salem, North Carolina; Richmond, Virginia; Pittsburgh, Pennsylvania; Omaha, Nebraska; and more.

About Penn Station East Coast Subs

Founded in Cincinnati, Ohio in 1985 by Jeff Osterfeld, Penn Station serves an assortment of fresh-grilled and cold deli sandwiches, wraps and salads made to order with high-quality ingredients. The menu also includes fresh-cut fries, hand-squeezed lemonade made throughout the day and fresh-baked chocolate chunk cookies baked in the restaurant.

After graduating from Miami University, Osterfeld opened “Jeffrey’s Delicatessen” in 1983 at a mall in Dayton, Ohio. During a trip to Philadelphia to research the East Coast version of the sub sandwich, Osterfeld realized the popularity of that city’s famous cheesesteak sandwiches and began selling a similar version at his restaurant that quickly became a customer favorite. He opened the first Penn Station in Cincinnati in 1985 with four sandwiches on the menu, all prepared to order directly in front of the customer, along with fresh-cut French fries and hand-squeezed lemonade.

Penn Station has more than 310 locations in 14 states including Ohio, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.

Penn Station has been consistently included on the Training Magazine’s Top 100, Entrepreneur Franchise 500, Franchise Times Franchise 200+, Nation’s Restaurant News Top 200 and Restaurant Business/Technomic Top 500 Chain lists. Penn Station has also been named a Top 100 Mover & Shaker by Fast Casual; a Top 30 Food Franchise, Most Profitable Franchise and Top Multi-Unit Franchise by Franchise Business Review; and one of Consumers’ Most Beloved Brands by Nation’s Restaurant News in 2021.

For more information, visit www.pennfranchise.com.

SOURCE Penn Station

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