Penn Station East Coast Subs is a restaurant serving prepared-to-order East Coast-style cheesesteaks and submarine sandwiches. The franchise offers fresh, premium sandwiches and sides.
Key Insights
- Penn Station East Coast Subs began with a vision to bring authentic East Coast deli-style sandwiches to new markets, focusing on fresh ingredients, proprietary oil and vinegar blend, and a commitment to a superior customer experience from its inception. The business emphasizes a high-quality, made-to-order product that has been a cornerstone of its growth.
- The franchise operates through a network of franchised locations, offering a streamlined operational model designed for efficiency and consistent product delivery. This approach allows for scalability and accessibility for franchisees looking to enter the restaurant industry with a proven concept.
- Penn Station East Coast Subs is part of the broader fast-casual dining sector, a segment characterized by its focus on higher quality ingredients and preparation compared to traditional fast food. This market space appeals to consumers seeking convenient yet more refined food options.
Franchise Fee and Costs to Open
Exploring the financial picture of Penn Station East Coast Subs gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $507,500 - $858,750, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $777,644 and estimated earnings of $93,318 - $116,647 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 7.0-9.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Penn Station East Coast Subs provides new franchisees with comprehensive training. This initial program, lasting two weeks, occurs at their corporate headquarters. The franchisor offers extensive resources covering operations and brand standards. Penn Station East Coast Subs recommends utilizing these provided materials for a smooth launch and ongoing success.
Legal Considerations
Legal considerations for a Penn Station East Coast Subs franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter challenges in establishing a strong foothold against established local eateries and navigating the daily demands of food preparation and customer service. Ensuring a consistent supply of high-quality ingredients, a core element of the brand's offering, could also require careful management of supplier relationships and inventory. Adapting marketing strategies to resonate with the unique demographics of their specific territory presents another area for consideration.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Penn Station East Coast Subs franchise?
How can I estimate the profitability and return on investment (ROI) of a Penn Station East Coast Subs franchise?
What is the franchisee fee for a Penn Station East Coast Subs franchise?
How to open a Penn Station East Coast Subs franchise?
How many locations does Penn Station East Coast Subs have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
