PENN STATION, EAST COAST SUBS
Penn Station East Coast Subs is a franchise that grants rights to operate upscale, fast-casual restaurants specializing in prepared-to-order East Coast-style cheesesteaks and submarine sandwiches. Franchisees follow a proprietary system including training, confidential operating manuals, and periodic updates to ensure consistent customer experience across locations. The business targets the general public in suburban strip-shopping centers, business districts, and busy streets.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
Tiered royalty (2-8% of net sales by monthly tier) + 2% national fund + up to 2% local advertising
Franchise Stats
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How PENN STATION, EAST COAST SUBS Compares to Other Fast Casual Franchises
Key Insights
- Top 10 largest franchise system in Fast Casual
- One of the lowest SBA loan default rates in Fast Casual
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
PENN STATION, EAST COAST SUBS Current | $508K - $859K | $25K | 2.0% | 322 |
| Tropical Smoothie Cafe | $300K - $721K | $35K | 6.0% | 1,371 |
| TROPICAL SMOOTHIE CAFÉ | $300K - $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $379K - $1.4M | $20K | 6.0% | 1,248 |
| Zaxby's | $1.4M - $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K - $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $532K - $1.2M | $39K | 5.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for PENN STATION, EAST COAST SUBS franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a PENN STATION, EAST COAST SUBS franchise?
The total initial investment to open a PENN STATION, EAST COAST SUBS franchise ranges from $507,500 to $858,750. This includes a franchise fee of $25,000. Ongoing royalty fees are 2.0% of gross sales.
How many PENN STATION, EAST COAST SUBS franchise locations are there?
As of the 2024 FDD, PENN STATION, EAST COAST SUBS has 322 franchise locations.
Can you get an SBA loan for a PENN STATION, EAST COAST SUBS franchise?
Yes, SBA loans are available for PENN STATION, EAST COAST SUBS franchises. Historical data shows 43 SBA 7(a) loans have been approved for PENN STATION, EAST COAST SUBS franchisees, with an average loan amount of $509,558. The historical default rate is 0.0%.
Is PENN STATION, EAST COAST SUBS a good franchise to buy?
PENN STATION, EAST COAST SUBS shows several positive indicators: established brand with 322+ locations, low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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