Penn Station

$PSNTF500 #459

CategoryFood: Quick-Service Restaurants

SubcategorySandwiches: Philly Cheesesteak

Locations322

Franchisee Count321

Franchise Fee$25,000

Item 7 Low$440,600

Item 7 Midpoint$636,900

Item 7 High$833,200

Royalty FeesRoyalty 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”).

Ad / Brand Fund2%

Sold Not Open0

ParentPenn Station, Inc.

Founded1987

Completeness34/34 (100%)

Years in Business40

Began Franchising1987

HQMilford, OH

Executives10

LinksWeb LinkedIn

Main Phone(513) 474-5957

Emailfranchising@penn-station.com

FDD IssuedApril 20, 2026

Last UpdatedJul 26, 2026

FDDs2026 · 2024 · 2023 · 2022 · 2020 🔒

Franchisor

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.

Franchisees must use the franchisor's specified systems and technology, including a point-of-sale system, and adhere to the operational manuals provided by the franchisor.

Read Penn Station’s complete April 20, 2026 Franchise Disclosure Document — plus 4 prior years on file. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,850 brands on FranDeals.

Get the FDD

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