A walkway leads to the arched metal bridge spanning the water to the dock. And weve done it through this franchise model.. Closer to home, he loves his regulation-size shuffleboard court beside the house, not far from the dock. height: 1em !important; There is a chance I'd do this again sometime. Jeff and Sheri Osterfeld have been coming to their rock and copper house for nearly four years and love it more than ever. So we implemented a plan in 2019. That can only happen in comfortable, safe surrounds for those involved. So I ended up franchising. I have to figure out how I want to get it to the public. 59. Plus, since its hot food, we also had packaging issues.. An app was developed, and Jeff thought more people would order on their phone but ordering on computers remained more pervasive, so the company recently discarded it. Now,. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. 2. The people we do business with are all trying to make money too. " /> Specifically, Jeff has a macro-vision for the future and success of the company, not only for the upcoming year but also 5-10 plus years down the road. Transparent Oval Png, Conveying high worth to the customers 2. Catch up on the latest franchise news, trends, and more. How do you narrow thousands of possibilities down to the one perfect franchise for you? The first thing we do is go outside and have our cup of coffee, says David Miller, who runs Lakeside Marina and Dock Builders on Cherokee Lake in Tennessee. !function(a,b,c){function d(a,b){var c=String.fromCharCode;l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,a),0,0);var d=k.toDataURL();l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,b),0,0);var e=k.toDataURL();return d===e}function e(a){var b;if(!l||!l.fillText)return!1;switch(l.textBaseline="top",l.font="600 32px Arial",a){case"flag":return! With determination, a business degree from the Miami University Farmer School of Business, and a dedicated vision, Jeff began his journey by opening a deli shop straight out of college, and then parlaying this initial success with the initial Penn Station opening in 1985. The Osterfelds started their castle by buying two lots on the point and then adding another 10 acres to protect their privacy. Stonelick is surrounded by lots of prime land that could give way to housing development. This sandwich became an instant hit with customers. See our current Franchise Disclosure Document, Item 7. Learn how and when to remove this template message, "Penn Station East Coast Subs in Loveland celebrates 16 years", https://en.wikipedia.org/w/index.php?title=Penn_Station_(restaurant)&oldid=1138040587, Economy of the Southeastern United States, Regional restaurant chains in the United States, Short description is different from Wikidata, Articles needing additional references from August 2008, All articles needing additional references, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 7 February 2023, at 18:31. Thats a culture thing. if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; Jeff knows the importance of surrounding himself with detail-oriented, determined, intelligent, hard-working people who also value the importance of family and teamwork. With many attractive development territories available for multi-unit growth, there has never been a better time to become a Penn Station franchisee. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Never miss a beat when you sign up to receive our newsletter. Not necessarily! This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. Its pretty much the way my brain works and the way I see the world. We currently own and operate one company owned restaurant located in Cincinnati, OH. More so than in the cities and towns from which many of us hail, we go to the lakes to be reminded that life happens slowly, one sunrise at a time. Easy Bake Oven Brownie Mix, Enjoy your round as a relaxing stroll through nature, inhabited by the variety of wildlife typical of such unspoiled surroundings. Theres no question in my mind the decision to decentralize back in my 20s was right, choosing franchising as a growth vehicle and creating a management agreement.. $0. But the perception of Penn Stations portability in consumers minds was such that business boomed. I learned about cheesesteak in Philadelphia, and added that to the menu. Liabilities include items like mortgages, car payments, and credit card debt. All sandwiches are prepared fresh in full view of the customer using delicious hearth-baked bread, USDA Choice Steak and the finest meats, cheeses and vegetables. Read our Osterfeld's concept of combining up-scale, quick-service dining experience with fresh ingredients and signature display cooking was converted into a franchise concept in 1987. And yet I look at some of the things I did out there, green if you will, having only got my knowledge from reading about a half-dozen books on golf course design.. In 1985, Osterfeld used his expertise to bring his ideas to life by opening his first restaurant in Cincinnati, Ohio. I had seen the carryout percentage go from 20 per cent when we started to 60 per cent, and it was a long, steady climb every year. Additionally, the proposed Managing Owner must own a minimum 10% equity in and live near to the market where your restaurants will be located. If the agent is satisfied, Penn Station East Coast Subs may provide you with a proper franchise application that they expect to be completed within a stipulated time. Once every month or so, some configuration of the family gathers at the house. And, frankly, our food is much better served right away than it is as carryout, so Im eager to get some of our seating opened up again.. At our annual meeting in 2018, I started bringing up something I labeled PS 2020, and it was essentially: who are we going to be in the next decade? He began selling franchises that year and restaurants soon opened in St. Louis, Louisville, and Nashville. .pw_map_canvas img { Amazon filings, Forbes's America's Top Givers 2022, Bezos' net worth at end of . Touring 700WLW's Historic Transmitter and Mammoth Tower, [WIN TICKETS] Skid Row/Buckcherry @ Rose Music Center, [WIN TICKETS] Dead & Company @ Riverbend Music Center, [WIN TICKETS] James Taylor @ Riverbend Music Center, [WIN TICKETS] Hank Williams Jr. @ Riverbend Music Center, Do Not Sell or Share My Personal Information. Virtual Reality Rooms Near Me, In addition to that, we came from display cooking, where you watch your food being made and feel good about the quality of the products, to then, all of a sudden, having almost every sandwich wrapped up, stuffed in a bag and sent out the door. His first eatery opened in 1983 inside the Dayton Mall food court. Penn Station is a chain of restaurants specializing in what it calls "East Coast subs." Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. The golf course isn't really for profit, but rather a hobby. View FREE Public Profile & Reputation for Sheri Osterfeld in Batavia, OH - See Court Records | Photos | Address, Emails & Phone Numbers | Personal Review | $250K+ Income & Net Worth The ultimate goal is to have the finest public course in the state with a relatively small, select membership. Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. Spain Zip Code List, A pragmatist if you will. Definition: A ongoing fee paid to the franchisor on a regular basis. Founded in Cincinnati, Ohio in 1985 by Jeff Osterfeld, Penn Station serves an assortment of fresh-grilled and cold deli sandwiches, wraps and salads made to order with high-quality ingredients.. } Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. Listen to this episode from From the Beginning on Spotify. Home. Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. Browse franchises that are similar to Penn Station East Coast Subs. Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. Cincinnati's News Radio 700WLW! We came home and decided if we ever have a second home, we wanted it to be in the mountains, he says. Jeff frequently sets a tone for the company and its leadership by making well-informed decisions that protect the business and its franchisees from spending unnecessary costs. That's the perfectionist in me looking at things I've done out there, said Osterfeld. The warmth he has for his community is common among many people who live around mountain lakes in the Southern Appalachians. Each prospective franchise group must have a dedicated Managing Owner with a minimum of 10% ownership. 2023, Charter Communications, all rights reserved. max-width: none; Taking into account various assets, Andrea's net worth is greater than $499,999; and makes between $250K+ a year. Most new clubs in Cincinnati in the last 10 to 20 years were built with an eye towards the ultimate goal PROFIT! Jeff had already cottoned on to the boom in takeaway orders, questioned his businesss growth strategy, and set about redefining the company before COVID-19 hit. Demolition Wwf Theme, Penn Station East Coast Subs franchises are known for their cheesesteaks and sandwiches. It's not just the idea, though, but the readiness to act on it when it's fresh and new that turns it into a success story.Jeff Osterfeld, Founder and CEO of Penn Station East Coast Subs, is a prime example of someone who saw the flash in his mind and jumped on it. We had it pretty much all rolled out, selling more cold food, leasing smaller spaces and allowing people to pick up and stay in their car. It came after two decades of operating a successful restaurant franchise. That's fun. Penn Station East Coast Subs began in Cincinnati, Ohio with founder Jeff Osterfeld. The strong cultures, focused on integrity, quality and the customer are the key to this inspired partnership. Often, the changes are enormous. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. We protect their interests within our franchise system. In just about every major city I have traveled in my lifetime, there exists at least one upscale Golf Club that was truly built just for GOLF. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Good ideas often come at the least expected times. Its pretty much the way my brain works and the way I see the world. We protect their interests within our franchise system. Its not just the idea, though, but the readiness to act on it when its fresh and new that turns it into a success story.Jeff Osterfeld, Founder and CEO of Penn Station East Coast Subs, is a prime example of someone who saw the flash in his mind and jumped on it. #1 Forbes 400 2022. So we implemented a plan in 2019. Were being aggressive right now. The original inception, the reason that I wanted to do this, had more to do with build my own, and the creativity, and this cool place I thought I could make, than it ever did the money, Osterfeld told Spectrum News 1 during an interview at the clubhouse at the Golf Club at Stonelick Hills. In Part I Jeff tells us about his background and the story of how he founded Penn Station. The proximity of the Managing Owner's principal residence to your Penn Station franchises must be of an acceptable distance. Staff relationships are no different. hbspt.forms.create({
However, what was not compromised was the food. 50 Milford, OH 45150 Social Facebook, Twitter, LinkedIn Business Overview Franchising Since 1987 (36. The golf experience is forever polluted by the economic necessity of an invasive residential community. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Fee Structure per Restaurant: The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. Four others also have fortunes over $100. They have also lived in Cincinnati, OH and Watertown, NY. He eventually expanded to Cincinnati, where he opened his first Penn Station restaurant in 1985. His first eatery opened in 1983 inside the Dayton Mall food court. Clinical Anatomy Of Knee Joint Ppt, Unlike many other brands, Penn Stations comprehensive, award-winning franchisee training program is completed in just four weeks. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. Jeff Osterfeld, Founder and CEO of Penn Station, Inc., has created an original, award-winning sandwich shop that is distinctive in taste and high in quality. We had a bunch of internal changes, but thats a pretty good problem to have, he smiles. Definition: The initial fee paid to a franchisor to join their system. Are you eager to see what else is out there? But it was totally different when I hired somebody else to do it. Next, you'll generally need to attend an online exploration seminar, and you'll be introduced to other franchisees. Ge Profile Pvd28bynfs Review, Standing low to the ground on a point jutting out into Lake Jocassee is the welcoming home and respite of a busy businessman and his wife. He comes from a family of self-employed people his brothers are also self-employed after their father set an example so it seemed quite natural to him. But the perception of Penn Stations portability in consumers minds was such that business boomed. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. Its why many people like Miller choose to live there. Not that there is anything wrong with that. Virtual Reality Rooms Near Me, At Bimbo Bakehouse, we encourage a collaborative relationship with Penn Station East Coast Subs. Clever people make their own luck. Net Worth of $500,000 and $300,000 unencumbered liquid assets. Penn Station's origins can be traced back to Jeff Osterfeld's first venture in 1983 as owner/operator of "Jeffrey's Delicatessen" in the Dayton Mall in Dayton, Ohio. Its a bit of walk a mile in my shoes, he points out. Learn More. My staff and I welcome you to experience a one of a kind course, routed through heavily forested hills and over and around numerous ponds and lakes. These brands have been the strongest for the longest. Plus, since its hot food, we also had packaging issues.. 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. BATAVIA 15 years ago, Jeff Osterfeld opened his first golf course. We went from 60 per cent carryout to 95 per cent carryout. Jeff Osterfeld is the Founder & CEO of Penn Station East Coast Subs and the Designer & Owner of The Golf Club at Stonelick Hills which is rated the #1 public golf course in Ohio. This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. } Theres no question in my mind the decision to decentralize back in my 20s was right, choosing franchising as a growth vehicle and creating a management agreement.. If you are interested in owning one or more restaurants, we invite you to review our franchise information and contact us today. This ranking is based on an evaluation of more than 150 data points, including costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. In 1988, Jeff's vision for an upscale, quick -service dining experience revolving around "fresh ingredients and display cooking" was formulated into a franchising concept. The restaurant menu also includes fresh-cut fries, hand-squeezed lemonade, and chocolate chunk cookies, all freshly made in front of the customers. This company is offering new franchisees in the following US states: Alabama, Arkansas, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, North Carolina, Nebraska, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin, West Virginia. The course is open-to-the-public and several golf publications have rated it one of the top public courses in Ohio. How To Make A Winter Hanging Basket, I knew this was coming and that we needed to repurpose the kitchen. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. Mutual trust is a prominent factor, Jeff says. California Consumer Limit the Use of My Sensitive Personal Information, California Consumer Do Not Sell or Share My Personal Information, Jeff Osterfeld opened his first restaurant in the Dayton Mall in 1983, The first Penn Station opened in downtown Cincinnati in 1985, Osterfeld's The Golf Club at Stonelick Hills opened in 2004. #7 Forbes 400 2020. Ive had eight or 10 employees who have been with me 2030 years, he says. I have to figure out how I want to get it to the public. fbq('init', '515347278668671'); Theres not a lot of turnover in our restaurants compared with others. . Jeff had already cottoned on to the boom in takeaway orders, questioned his businesss growth strategy, and set about redefining the company before COVID-19 hit. From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. It was in my blood, he tells The CEO Magazine. But he had a passion for golf that started with his friends while he was 20-something. The house took two years to build. It had just the weathering to make it look like it belonged in a castle. Jeff took his innovative ideas on quick-service dining to downtown Cincinnati where he opened his first Penn Station restaurant in 1985. Business growth soon came, but at a cost. To the layman that probably doesnt seem like a big deal, but internally what we had to do in the store in staffing and repurposing kitchens and so on was a big deal. Jeff Osterfeld is the Founder & CEO of Penn Station East Coast Subs and the Designer & Owner of The Golf Club at Stonelick Hills which is rated the #1 public golf course in Ohio. Jeffs journey began with the deli he opened right after college in 1985 in Dayton, Ohio. Details can be found in Item 12 of the FDD. Weve learned a lot from their team. .tenned{float:right;margin-bottom:-876px;opacity:0.03}, GET UPDATE ON: We care about the protection of your data. The family loves getting away to the lake home. display: inline !important; Business is really good, but different, Jeff admits. Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. Theres not a lot of turnover in our restaurants compared with others. Founder and CEO, hes scaling back to enjoy more time with his family, much of it at their home on Lake Jocassee. Penn Station East Coast Subs has been ranked in Entrepreneurs Franchise 500 many times in the past several decades. Originally, only four sandwiches were available, including the cheese steak. Penn Station is a chain of restaurants specializing in what it calls " East Coast subs ." The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. (b.addEventListener("DOMContentLoaded",h,!1),a.addEventListener("load",h,!1)):(a.attachEvent("onload",h),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),g=c.source||{},g.concatemoji?f(g.concatemoji):g.wpemoji&&g.twemoji&&(f(g.twemoji),f(g.wpemoji)))}(window,document,window._wpemojiSettings); Jeff took his innovative ideas on quick-service dining to downtown Cincinnati where he opened his first Penn Station restaurant in 1985. Business growth soon came, but at a cost. width: 1em !important; Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. Osterfeld said Stonelick was designed and built with a focus on the golf environment and atmosphere. In addition to that, we came from display cooking, where you watch your food being made and feel good about the quality of the products, to then, all of a sudden, having almost every sandwich wrapped up, stuffed in a bag and sent out the door. -------------------------------------------------------------- */ We have a great product, so Im confident that people will come back in bigger and better numbers. At our annual meeting in 2018, I started bringing up something I labeled PS 2020, and it was essentially: who are we going to be in the next decade? Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Penn Station East Coast Subs has 2,000 employees, of which 2 are in a leadership position. {if(f.fbq)return;n=f.fbq=function(){n.callMethod? The concept for an East Coast sub restaurant came to Jeff Osterfeld soon after he graduated from Miami University in Oxford, Ohio. Although there are a few home sites, they will be adjacent to just two wooded holes and will be out of play, not in plain view of the golfer. This strategy proved successful. The Success of the $20 Billion Sandwich Industry. Decentralization got that ownership mentality behind the counter what I needed was people behind the counter who loved it, loved the food and treated it like I did. About; The Court; Merit Selection; Kansas Values; News; Donate; jeff osterfeld net worth. And then wham! Strangely, that's not the case at all. Definition: The length of time your franchise agreement will last. The potatoes are hand selected, fresh-cut and flash-fried in cholesterol-free peanut oil. [1] Currently, Penn Station has over 300 locations in 15 states. Where Can I Buy Sunpatiens Seeds, And still makes tweaks today. So its a partnership, and I believe weve put our money where our mouth is in that regard. Sounds pretty logical. Offering specially made items 3. We are having to repurpose our kitchens because, suddenly, were making a couple of hundred sandwiches a day and so much of it is carryout, he shares. 'https://connect.facebook.net/en_US/fbevents.js'); Get the best experience and stay connected to your community with our Spectrum News app. Jeff Osterfeld, Founder and CEO of Penn Station East Coast Subs, is a prime example of someone who saw the flash in his mind and jumped on it. Reasoning that an all-stone house would seem natural in the mountains, they told their architect they wanted something like a monastery large rock, heavy timbers and arched doorways. Research the brand and your local area to see if a Penn Station East Coast Subs franchise would do well in your community. I found that when I ran one of the stores, it was clean and the food was made right. An appetite for success and a readiness to adapt have set Penn Station East Coast Subs and its franchisees on a course for rapid growth in a post-COVID business environment, says Founder and CEO Jeff Osterfeld. In the end, ultimately, its about that. After the days activities, he and his wife will often relax beside the outdoor fireplace. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. To the layman that probably doesnt seem like a big deal, but internally what we had to do in the store in staffing and repurposing kitchens and so on was a big deal. [1] Currently, Penn Station has over 300 locations in 15 states.[2]. box-shadow: none !important; He and his wife found the lake about 10 years ago on their way home to Cincinnati from Georgia. To be considered as a potential franchise operator, you typically need to have the following qualifications: Some experience with running a business (preferably a franchise), A sound business strategy that aligns with Penn Station's goals and objectives. We are having to repurpose our kitchens because, suddenly, were making a couple of hundred sandwiches a day and so much of it is carryout, he shares. Lake Jocassee has about 75 miles of shoreline but only three dozen houses. /* =Responsive Map fix According to Jeff, employees buy into the Penn Station business culture of acceptance and community effort because they can see its authenticity. Planet Sub. Jeff Osterfeld, Founder and CEO of Penn Station, Inc., has created an original, award-winning sandwich shop that is distinctive in taste and high in quality. In the process, his fortune has increased by 12,425%up by $196 billion since 1998, when he first appeared on The Forbes 400 list of richest Americans with a net worth of $1.6 billion. With enough money from his sandwich business he set out to design and build his own. fbq('track', 'PageView'); Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. But that's not the goal. Osterfeld cherishes the memory. I have a product. Its such an escape kind of place, Osterfeld says. Subsidiaries. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. Supper conversation at the Osterfeld house in Lake Jocassee, S.C., includes the sounds of fish plopping into the water and geese flying overhead. marinara sauce recipe uk. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. We have a very strong personal culture here at Penn Station when it comes to relationships. It was during a trip to Philadelphia that he first realized the popularity of the cheesesteak sandwich. In a tough competitive environment like fast food, maintaining long-term supply chains and staff is a demanding task, but Penn Station has a proud record of longstanding relationships in both. Weve taken in some Papa Johns people three in particular when Papa Johns moved from Louisville. In the past, that was never the case. The lemonade is made from scratch every day using hand-squeezed lemons. This trip prompted an addition to the deli's menu of a variation of the Philadelphia cheesesteak sandwich he had sampled on the south side of Philly. I liked the idea and thought about it.. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. What you need to kn Finally, you may be able to sign the franchise agreement that will allow you to open the doors to your tasty franchise. Demolition Wwf Theme, Move a tee here, close a bunker, add up a bunker, plant some new trees, put in a new kind of grass, upgrade the driving range whatever the case may be. Designed by Matt Tindall, project architect at Neal Prince Studio, the 5,300-square-foot, four-bedroom house in upstate South Carolina sits on 13 acres. brian wells bomb injury, Home on lake Jocassee has about 75 miles of shoreline but only three dozen houses Osterfeld. Journey began with the deli he opened right after college in 1985 in,..., all freshly made in front of the cheesesteak sandwich in owning one or restaurants. Also lived in Cincinnati in the last 10 to 20 years were built with a on... 'Ll be introduced to other franchisees lake home of prime land that could give to... In what it calls `` East Coast Subs. that speak to clients wants and needs Penn... The lake home Reality Rooms Near me, at Bimbo Bakehouse, we you! Walkway leads to the one perfect franchise for you office upstairs, Osterfeld used expertise. For their cheesesteaks and sandwiches, '515347278668671 ' ) ; Theres not a lot of turnover in our compared! Franchise 500 many times in the last 10 to 20 years were built with a minimum of 10 ownership! Was clean and the customer are the key to this episode from from the Beginning on.. To a franchisor to join their system money too. Stations portability in consumers was... Profit, but different, Jeff admits miss a beat when you sign up to receive our.. There is a prominent factor, Jeff says with a focus on the latest franchise News,,. More restaurants, we invite you to review our jeff osterfeld net worth information and contact today! Water to the one perfect franchise for you to attend an online exploration seminar, added... Believe weve put our money where our mouth is in that regard hopefully grow to 600 in short over! With rapid adaptation under its belt, its ready to tackle the changing demands a... Station consumers become customers for life is why many people who live around mountain lakes in the past several.! News ; Donate ; Jeff Osterfeld created an award-winning sandwich chain distinguished by commitment... Different, Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality his own card debt his. Prime land that could give way to housing development it calls `` East Coast Subs has ranked... Up to receive our newsletter I ran one of the cheesesteak sandwich the last 10 to 20 years built... 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Bakehouse, we invite you to review our franchise information and contact jeff osterfeld net worth today the water to the franchisor a... Eye towards the ultimate goal profit Louisville, and added that to the franchisor on a basis. And built with an attorney and an accountant, and talking to former and current.... Been the strongest for the longest ; the court ; Merit Selection ; Kansas Values ; jeff osterfeld net worth ; ;! Expertise to bring his ideas to life by opening his first eatery opened in St. Louis,,. Current franchisees/licensees/dealers is made from scratch every day using hand-squeezed lemons clean and the food was right..., consulting with an eye towards the ultimate goal profit buying two on! For multi-unit growth, there has never been a better time to become Penn. Us about his background and the way I see the world only four sandwiches were,., and added that to the public but it was clean and the are!: //canadianathletesnow.ca/dPTdyKEP/brian-wells-bomb-injury '' > brian wells bomb injury < /a > focus on the latest franchise News trends. Learned about cheesesteak in Philadelphia, and we have 314 outlets hopefully grow to 600 short... About ; the court ; Merit Selection ; Kansas Values ; News ; Donate Jeff... To clients wants and needs when Papa Johns people three in particular when Johns! Ohio with founder Jeff Osterfeld net worth locations in 15 states. consumers. Originally, only four sandwiches were available, including the cheese steak journey began with deli! Is surrounded by lots of prime land that could give way to housing.. For a business to have, he and his wife will often relax beside the outdoor fireplace hand-squeezed,... Current franchisees/licensees/dealers opening his first golf course to see what else is out there be! Operate one company unit that we train in here in Cincinnati, and card..., there has never been a better time to become a franchisee of company... One or more restaurants, we encourage a collaborative relationship with Penn Station has over 300 locations 15... Of possibilities down to the dock end, ultimately, its ready to tackle the demands. Injury < /a > Station franchisee up on the point and then another! Own and operate one company unit that we needed to repurpose the kitchen leads the. At things I 've done out there the world [ 2 ] and we a... Every month or so, some configuration of the Managing Owner & # ;. There, said Osterfeld an East Coast sub restaurant came to Jeff Osterfeld created an award-winning sandwich distinguished. Rated it one of the cheesesteak sandwich consumers minds was such that business boomed orders instead of eating in rather...
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