Limited time offer



Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Jeff’s journey began with the deli he opened right after college in 1985 in Dayton, Ohio. Just three short years later, he sold his first Penn Station franchise and he remains actively involved in the business. Unlike many other franchises, Penn Station, Inc. is privately-owned which enables us the agility to implement a strategic, long-term view to all facets of the business.

Today, the Penn Station difference still begins with our signature premium products, grilled and baked to perfection to create the best tasting sandwich. Our award-winning food is what sets us apart from all other sandwich chains and we believe our customers can taste the difference. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. In fact, Penn Station restaurants enjoy a unique position within the sandwich category—systemwide, our lunch and dinner dayparts are nearly evenly divided! This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well.

If you are passionate about our brand and committed to operational excellence and fantastic customer service, a Penn Station franchise may be right for you. If you are interested in owning one or more restaurants, we invite you to review our franchise information and contact us today. With many attractive development territories available for multi-unit growth, there has never been a better time to become a Penn Station franchisee.

Listen to Jeff’s story on: FROM THE BEGINNING  with Chris Cascella.

Jeff Osterfeld | E8 Part I

Spotify Podcast by Chris Cascella

Jeff Osterfeld | E8 Part II

Spotify Podcast by Chris Cascella

Jeff Osterfeld | E8 Part III

Spotify Podcast by Chris Cascella

exterior of a Penn Station Restaurant
Jeff Osterfeld, Founder and CEO

Ready to learn more?

Please complete our Contact Form and a member of our Development team will contact you soon.



We pride ourselves on our operational focus and simplicity. Unlike many other brands, Penn Station’s comprehensive, award-winning franchisee training program is completed in just four weeks.

We strive to offer our franchisees a best-in-class support system, including: Site Selection, Restaurant Design & Construction support, IT & Online Ordering, Operations & Training, Marketing, and Financial Reporting.

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  • Net Worth of $500,000 and $300,000 unencumbered liquid assets.
  • Each prospective franchise group must have a dedicated Managing Owner with a minimum 10% ownership. The proposed Managing Owner must live in the area being developed, and possess previous restaurant management experience comparable to the number of restaurants to be developed.

Fee Structure per Restaurant:

  • Multi Unit Development Agreement: $3,500 per restaurant reserves the development rights to each territory.
  • Initial Franchise Fee: $25,000 per restaurant.
  •  Royalty: 2%-8% (varies by sales volume).

  • National Advertising Fee: 2%.

  • Local Marketing Co-op: Varies by market.

These are basic minimum requirements and do not guarantee that you will be approved for a franchise. Please see current Franchise Disclosure Document for full information on fees, average unit volumes, and build-out costs.



Penn Station rewards



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Top 500 Chains 2021

Penn Station Ranks 137 in Restaurant Business Top 500

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QSR Magazine

Penn Station Donates $161K to Down Syndrome Organizations

Kokomo store front

Penn Stations Latest Redesign

Kokomo’s Penn Station to boast company’s newest redesign.

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As part of the franchise qualification process, we will provide you our Franchise Disclosure Document (“FDD”) which contains system financial averages detailed under Item 19. We also highly recommend that you speak with other Penn Station franchisees as part of your due diligence process.

A typical Penn Station is approximately 1,584 sq. ft. of leased space in a strip center and the average build-out cost is approximately $465,279. (This amount includes the franchise fee, legal fees, deposits, architectural costs, opening inventory and training.)

We currently own and operate one company owned restaurant located in Cincinnati, OH.

We require that each Penn Station franchise group appoint one “Managing Owner” that will be responsible for the operational performance of the restaurant and attend our award winning four-week training program in Cincinnati, OH. They must have restaurant management experience comparable to the number of restaurants you will develop. Additionally, the proposed Managing Owner must own a minimum 10% equity in and live near to the market where your restaurants will be located. We also require that each group appoint a “Designated Owner” that will be our primary point of contact and liason for the franchise.

Yes, we will provide training to open your restaurant. The training is four weeks in Cincinnati, OH.
Yes, many franchisees currently provide delivery via third party delivery. We also offer online ordering.



Review Website Information

Review Website Information

Select Your Available Territory

Select Your Available Territory

Submit Franchise Application

Submit Franchise Application

Complete Call with Franchise Specialist

Complete Call with Franchise Specialist

Complete Qualification Process

Complete Qualification Process

Attend Exploratory Meeting

Attend Exploratory Meeting

Finalize Franchise Approval

Finalize Franchise Approval

Complete Development Agreement

Complete Development Agreement