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Penn Station/East Coast Subs

Retail sale of authentic 'East Coast-style' submarines, including the original Philadelphia cheesesteak, all prepared fresh before the customer. Fresh-cut fries, flash fried in peanut oil, and fresh-squeezed lemonade.

Franchisor Background

Year Established:

1985

Franchising Since:

1987

Operating Units:
Franchised Units:	205	99%
Company-Owned Units:	2	1%
	______	_____
Total Operating Units:	207	100%

Geographic Distribution:
U.S.:	207	100%	In 4 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	207	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Ohio	41
2. Indiana	14
3. Kentucky	13

Registered in Following Registration States:

Indiana

Financial Requirements

Investment:
Minimum Net Worth:	$Varies
Cash Investment:	$40-82.5K
Total Investment:	$255-485K
Average Total Investment:	$370K

Fees:
Initial Franchise Fee:	$17.5K
Average Franchise Fee:	$18K
On-Going Royalty:	4-7.5%
Average Royalty:	6%
Advertising Fee:	1%

Average Number of Employees:

11 Full-time, 10 Part-time

Space Needs (in square footage):

1,600-1,800

Preferred Sites:

Free-standing Building, Strip Center

Other Sites:

Encourage Conversions?

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	13
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable

Training:
1. Penn Station in Cincinnati, OH	2 Weeks
2. On-Site Training Prior to Grand Opening	2-3 Days

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	3
General Business Experience:	5
Specific Industry Experience:	3
Formal Education:	4
Psychological Profile:	4
Personal Interview(s):	5

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	5/5/5/5 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, Midwest, Southeast, South
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: