Penn Station East Coast Subs Franchises for Sale | VFR
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Restaurants & Food Service · Sandwich & Sub Shops

Penn Station East Coast Subs Franchises for Sale

A fast-casual cheesesteak and grilled-sub restaurant in a 1,350 to 1,600 square-foot strip-center bay. Royalty slides with monthly sales, and the system is almost entirely franchised.

322
Total units
$441K+
Initial investment

Brand Performance Snapshot

Franchised and company-owned unit counts for 2023 through 2025, as reported in the franchisor's FDD.

Unit count by year
Franchised Corporate
323
2023
322
2024
322
2025
321
Franchised units
1
Company-owned units
322
Total units
-0.3%
3-yr unit growth

Existing Penn Station East Coast Subs Franchises for Sale

Operating Penn Station East Coast Subs territories listed for sale by their owners or brokers, reviewed before publishing.

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Penn Station East Coast Subs Franchise Model Overview

Penn Station restaurants are fast-casual sandwich shops built around grilled-to-order cheesesteaks, hot and cold subs, fresh-cut fries and hand-squeezed lemonade, served from a 1,350 to 1,600 square-foot bay in a strip center or busy suburban corridor. The franchisor runs one company store near Cincinnati as its training unit; the other 320-plus locations are franchised, and the count has held flat for three years. The investment is mid-six figures for a leased bay with a full cooking line, hood and POS, sometimes offset by a landlord allowance. Royalty is unusual: it steps from 2 to 8 percent of net sales based on that month's volume, with abatements for new units and purchases of underperforming restaurants, plus a 2 percent national fund. A managing owner with at least 10 percent equity must supervise on premises unless a general manager is approved. Item 19 is detailed, with unit-level sales, costs and EBITDA for 318 restaurants. Transfer fees range from $2,500 to $10,000.

Ideal owner profile

Managing owner with at least 10% equity willing to supervise the restaurant on premises
Mid-six-figure capital for a leased in-line build-out or a transfer of an operating unit
Experience with hourly staffing, food cost control and a lunch-and-dinner fast-casual rush
Comfortable with a sales-tiered royalty that rises as monthly volume grows
Multi-unit operators can use a Multi-Unit Agreement and 2026 incentive pricing

Investment Snapshot

Initial franchise fee $38,500 ($25,000 initial franchise fee + $13,500 site development fee, $10,000 of which is credited back on signing a lease); $12,500 under 2026 multi-store incentive
Total initial investment $440,600 – $819,700
Royalty 2% to 8% of monthly Net Sales (tiered by monthly sales volume; 0% below $30,000/month in first five years)
Ad / brand fund 2% of monthly Net Sales (may rise up to 4%); up to 2% local advertising required
FDD year 2026 (unit data through 2025)
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Important disclosure

Brand information on this page — including unit counts, fees, and investment ranges — was compiled by Verified Franchise Resales from the brand's most recent Franchise Disclosure Document and has not been independently verified. Verified Franchise Resales is an independent marketplace and is not affiliated with, endorsed by, or sponsored by Penn Station East Coast Subs. Prospective buyers should obtain and review the current FDD, consult qualified legal and financial advisors, and confirm all terms before responding. This page is for informational purposes only and is not an offer to sell or a solicitation to buy a franchise; offers are made only through the FDD in applicable jurisdictions. Read VFR’s Terms of Use before responding to any franchise.