Penn Station East Coast Subs franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.22 ↗

Franchise fees and ongoing costs

Franchise fee

$2,500 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

Sliding scale % of monthly net sales per Restaurant: 0% or 2% (depending on 5-yr abatement period) if net sales <$30,000; 3% if $30,000-$35,000; 4% if $35,000-$40,000; 5% if $40,000-$45,000; 6% if $45,000-$50,000; 7% if $50,000-$55,000; 8% if >$55,000. Payable monthly by the 10th.

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

Not captured

Other fees

National Fund fee: currently 2% of monthly net sales, may be raised up to 4% on 30 days' notice | Cooperative Advertising: amount set by local franchisee cooperative, counts toward Local Advertising obligation | Additional Training fee: $300/day per diem

Working capital (FDD Item 7)

$10,000 to $49,000 per Restaurant for the first 3 months, covering initial cash startup and ordinary recurring cash business expenses (excludes owner/operator compensation).

Fees sourceFDD p.13 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.22 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Net Sales, Controllable Costs, Overhead Costs, Operating Income, Other Costs, and EBITDA (historical, unaudited)

Reporting period

calendar year ended December 31, 2023

Sample

313 franchised Restaurants open all of 2023 (data also shown for the 1 company-owned Restaurant open all of 2023, and combined for all 314 units)

Reported average

$836,144

Reported median

$777,644

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.70 ↗

Unit growth: Item 20

Reporting year

2023

Scope

franchised outlets

Starting outlets

318

Year-end outlets

322

Net change

+4

Derivation

ending minus starting outlets

Openings

9

Terminations

5

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

3

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.82 ↗

SBA loan history

Loan activity

12 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$462,500

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

6 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 2

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Penn Station East Coast Subs franchise cost?

single-unit franchise: $507,500 to $858,750; multi-unit franchise (first Restaurant opened under Multi-Unit Agreement): $511,000 to $862,250 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $2,500 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.22 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Penn Station East Coast Subs owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Net Sales, Controllable Costs, Overhead Costs, Operating Income, Other Costs, and EBITDA (historical, unaudited). Sample: 313 franchised Restaurants open all of 2023 (data also shown for the 1 company-owned Restaurant open all of 2023, and combined for all 314 units). Period: calendar year ended December 31, 2023.

Item 19 performance sourceFDD p.70 ↗

What's the SBA charge-off rate for Penn Station East Coast Subs?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 2. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $462,500; window: FY2023-FY2026 YTD through 2026-06-30; sample: 6 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗