July 13, 2016 // Franchising.com // MILFORD, OHIO - Penn Station East Coast Subs, the fast-casual restaurant known for its grilled, made-to-order sub sandwiches, hand-squeezed lemonade and fresh-cut fries, has been named to QSR’s Best Franchise Deals list and Forbes’ Best Franchises to Buy.
QSR chooses the best franchise deals every year, and 2016 is the second time Penn Station has made the cut since the list started in 2011. Penn Station was also named to Forbes’ 2016 list of best franchises to buy in the medium investment level ($150,000 - $500,000).
“We are obsessed with return on investment and profitability for our franchisees, so it’s extra rewarding to be named to these great lists,” said Craig Dunaway, president of Penn Station. “With a better-than 99.9 percent success rate, our record speaks for itself. We plan to open 20 new restaurants this year – with five openings scheduled in the next month – and we’re actively seeking new multi-unit franchisees in markets like Chicago, Atlanta and Dallas.”
Founded in Cincinnati, Ohio in 1985, Penn Station serves a variety of grilled and cold deli sandwiches made to order with high-quality ingredients on freshly baked bread. The menu also includes hand-cut fries, hand-squeezed lemonade made throughout the day and chocolate chunk cookies baked in the restaurant. Penn Station was named the best sandwich chain in the Nation’s Restaurant News 2015 Consumer Picks survey.
Penn Station has more than 300 locations in 15 states including Ohio, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. All but one location is franchised, and Penn Station has a better-than 99.9 percent success rate with only two store closings over the last 30 years. As a franchisor, Penn Station is known for its outstanding profitability and return on investment. Penn Station was named one of the Best Franchises to Buy by Forbes in 2016 and one of the Best Franchise Deals by QSR Magazine in 2016.
Projections call for the opening of 20 restaurants nationwide in 2016. Penn Station is targeting Kansas City, Atlanta, Chicago, Pittsburgh, Richmond, Virginia and Dallas for franchise expansion. For more information, visit www.penn-station.com.
SOURCE Penn Station East Coast Subs