Penn Station
Milford, OH · Founded 1987 · PSNT
Penn Station, Inc. offers franchises for the operation of Penn Station Restaurants under the names Penn Station East Coast Subs and Penn Station Sandwiches. Penn Station Restaurants are upscale, fast casual restaurants featuring cheesesteaks, submarines, and other sandwiches as main menu items.
Units by Year
Total outlets at year end, from FDD Item 20.
The Investment
Royalty fee percentage is applied on a per Restaurant basis and varies depending on the level of monthly net sales for each Restaurant: 2% 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”).
Leadership
Jeffrey J. Osterfeld
Chief Executive Officer and Member of the Board of Directors
Craig N. Dunaway, CPA
Chief Operating Officer and Member of the Board of Directors
R. Lance Vaught
President
Jeffrey R. Becker
Manager of Construction and Real Estate
Tyler Kraemer
Vice President of Franchise Services
Thuan (Brian) Tran
Manager of Strategic Market Planning and Development
Donald Champion
Senior Vice President of Development
Jane E. McPherson
Senior Vice President of Marketing
Sheri S. Osterfeld
Treasurer and Member of the Board of Directors
Cynthia D. Stenger
Secretary and Director of Administration
On File
Franchise Disclosure Documents
Also in Sandwiches: Philly Cheesesteak
More in Food: Quick-Service Restaurants→Read from this brand's Franchise Disclosure Documents. FDD library maintained by AskTy; figures are as filed by the franchisor.