jeff osterfeld net worth
We got lucky in this regard, and its really a coincidence, he admits. We went from 60 per cent carryout to 95 per cent carryout. We got lucky in this regard, and its really a coincidence, he admits. Originally, only four sandwiches were available, including the cheese steak. Peter Cancro started working in the submarine The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. When you live and work on the lake, there are a lot of times you dont stop to smell the roses, he says. Do You Have Enough Capital to Fund a Franchise? The Osterfelds have four children ranging in age from 21 to 28. Sounds pretty logical. 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. I found that when I ran one of the stores, it was clean and the food was made right. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. } 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. Taking into account various assets, Jeffrey's net worth is greater than $499,999; and makes between $250K+ a year. #1 Forbes 400 2022. So we implemented a plan in 2019. n.queue=[];t=b.createElement(e);t.async=!0; 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 Ge Profile Pvd28bynfs Review, 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. The unique food menu it provides may prove to be attractive for the franchisee with operational simplicity and unit-level economics. Seeing them enjoying the lake makes him feel part of a larger ecosystem that exists around the nurturing waters. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. I have to figure out how I want to get it to the public. See our current Franchise Disclosure Document, Item 7. He and his wife found the lake about 10 years ago on their way home to Cincinnati from Georgia. The dock, covered to keep the weather off the boat, gets plenty of use come swim time. He introduced the concept of preparing meals directly in front of the customers using only fresh ingredients. s.parentNode.insertBefore(t,s)}(window, document,'script', Definition: The total amount necessary to begin operation of the franchise. 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. The course is open-to-the-public and several golf publications have rated it one of the top public courses in Ohio. [1] Currently, Penn Station has over 300 locations in 15 states. In December 2012, National Geographic magazine named Jocassee Gorges one of the 50 last great places in the world, noting that the gorges have one of the highest concentrations of waterfalls in the eastern United States. Thats a culture thing. 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. Supper conversation at the Osterfeld house in Lake Jocassee, S.C., includes the sounds of fish plopping into the water and geese flying overhead. Minnesota File No. E-Club. A strong platform: Jeff Osterfeld Good ideas often come at the least expected times. Its a bit of walk a mile in my shoes, he points out. Ive had eight or 10 employees who have been with me 2030 years, he says. Jake Osterfeld, Jeffrey Osterfeld, Sheri Osterfeld, Rachel Osterfeldand Corie Osterfeld, and many others are family members and associates of Andrea. There are more than 300 Penn Station East Coast Subs locations throughout the United States. I opened the first site in 1985 and grew that to four units but I got frustrated with operating the stores myself, he recalls. We pride ourselves on our operational focus and simplicity. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Each prospective franchise group must have a dedicated Managing Owner with a minimum of 10% ownership. However, this first restaurant also offered fresh-cut french fries and freshly squeezed lemonade, two items that would become trademarks for Penn Station in the future. [1] Currently, Penn Station has over 300 locations in 15 states.[2]. 513-735-4653. But that's not the goal. We care about the protection of your data. Good ideas often come at the least expected times. If you meet the criteria above, you can generally get started by filling out an online inquiry form. 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. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Its essentially a distribution system, he says. Its a bit of walk a mile in my shoes, he points out. Business is really good, but different, Jeff admits. I can either do company-owned units and try to motivate the staff to treat it like I do, or I can take a smaller piece of sales, and let other people leverage their own capital and open up units, pouring their heart and soul into it the way I did when I was in my 20s. 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. Penn Station is a chain of restaurants specializing in what it calls "East Coast subs." I see myself as a common sense kind of businessman. 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. On this Wikipedia the language links are at the top of the page across from the article title. Virtual Reality Rooms Near Me, Its what you work hard for, why you do what you do. Many mornings, Miller watches a pair of otters cruise by the marina. This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well. There are a lot of things that people love about living on the lake and many of them start at sunrise, when the day dawns fresh and promising. On a trip to Philadelphia, Jeff was particularly attracted by the popularity of the cheesesteak sandwich. 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. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. We have a very strong personal culture here at Penn Station when it comes to relationships.. 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. 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. Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. The people we do business with are all trying to make money too. 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. . Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. (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); The ultimate goal is to have the finest public course in the state with a relatively small, select membership. And still makes tweaks today. Net Worth: $500,000: Franchise Fee: $25,000 : Royalty Fee: . Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. Amazon founder Jeff Bezos is the world's wealthiest person, according to the latest Bloomberg Billionaires Index, with a net worth of $182 billion. The original menu had four sandwiches and featured the grilled cheesesteak, fresh-cut french fries and hand-squeezed lemonade, with the order prepared directly in front of the customers using the freshest ingredients available. Kansans For Fair Courts. At Bimbo Bakehouse, we encourage a collaborative relationship with Penn Station East Coast Subs. That's the perfectionist in me looking at things I've done out there, said Osterfeld. Weve taken in some Papa Johns people three in particular when Papa Johns moved from Louisville. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status Check all background information that MyLife has gathered. It had just the weathering to make it look like it belonged in a castle. The Success of the $20 Billion Sandwich Industry. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. That's fun. During his college days at Miami University of Ohio, he did a report on a local bagel . Living on the water tends to reduce life to its most simple elements. As you decide if opening a Penn Station East Coast Subs franchise is for you, make sure you take time to explore the opportunity. Fee Structure per Restaurant: Find contact's direct phone number, email address, work history, and more. On any given day, the net worth of Jeff Bezos can wobble up or down. We protect their interests within our franchise system. Osterfeld Enterprises Leadership Jeffrey Osterfeld, CEO Corporate Address 1226 U.S. Hwy. Jeff Osterfeld Title: Designer/owner, Golf Club at Stonelick Hills Education: Miami University Career path: Founder, owner and CEO of Penn Station Inc., a restaurant franchise. 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. Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations. Read our In 1985, Osterfeld used his expertise to bring his ideas to life by opening his first restaurant in Cincinnati, Ohio. Clever people make their own luck. {if(f.fbq)return;n=f.fbq=function(){n.callMethod? It was here that the roots of the "ownership mentality" began to form for the founder and Chief Executive Officer of Penn Station, Inc. Jeff saw first-hand the impact his presence in the store had on product quality, customer service and sales. Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980s. 1. And we dont burn through a lot of franchisees. Staff relationships are no different. Cincinnati's News Radio 700WLW! Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. Clever people make their own luck. Ive had eight or 10 employees who have been with me 2030 years, he says. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. Additionally, the proposed Managing Owner must own a minimum 10% equity in and live near to the market where your restaurants will be located. Fed by four rivers, including the national wild and scenic Horsepasture River, its one of the clearest lakes Osterfeld has ever seen. Certain jurisdictions require registration prior to the offer or sale of a franchise. I have to figure out how I want to get it to the public. Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. All golfers from every set of tees will appreciate the uniqueness of each hole and feel individually challenged by the variety of shots necessary to complete such a strategic layout. Definition: The initial fee paid to a franchisor to join their system. Penn Station East Coast Subs franchises are known for their cheesesteaks and sandwiches. Next, you'll generally need to attend an online exploration seminar, and you'll be introduced to other franchisees. Jeff Bezos. 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. It came after two decades of operating a successful restaurant franchise. We pride ourselves on the quality of our product. Osterfeld cherishes the memory. The CEO Magazine is more than a business title; its a source of information, inspiration and motivation for the worlds most successful leaders, executives, investors and entrepreneurs. We got lucky in this regard, and its really a coincidence, he admits. Our listings and rankings are solely research tools you can use to compare opportunities. portalId: "5209426", 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. We are well on our way! Get hyperlocal forecasts, radar and weather alerts. We came home and decided if we ever have a second home, we wanted it to be in the mountains, he says. .tenned{float:right;margin-bottom:-876px;opacity:0.03}, GET UPDATE ON: max-width: none; That can only happen in comfortable, safe surrounds for those involved. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Were poised for growth. Home. This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. The golf experience is forever polluted by the economic necessity of an invasive residential community. In the past, that was never the case. $0. /* =Responsive Map fix And whats not to love? He eventually expanded to Cincinnati, where he opened his first Penn Station restaurant in 1985. Taking into account various assets, Andrea's net worth is greater than $499,999; and makes between $250K+ a year. Closer to home, he loves his regulation-size shuffleboard court beside the house, not far from the dock. But it was totally different when I hired somebody else to do it. Its essentially a distribution system, he says. 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. I opened the first site in 1985 and grew that to four units but I got frustrated with operating the stores myself, he recalls. margin: 0 .07em !important; Osterfeld is the founder and CEO of Penn Station East Coast Subs. 59. Gift Certificate. Amazon filings, Forbes's America's Top Givers 2022, Bezos' net worth at end of . But the perception of Penn Stations portability in consumers minds was such that business boomed. I had no idea what franchising was like many people in the 1980s, I had heard the word, but really didnt know what it meant.. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee. We have a very strong personal culture here at Penn Station when it comes to relationships.. But he had a passion for golf that started with his friends while he was 20-something. Details can be found in Item 12 of the FDD. 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. Providing distinctively delicious, baked goods is our bread and butter thats why were proud to partner with them to serve desirable sandwiches that keep their patrons coming back. Jennifer Sherwood, Food Service National Account Sales, Grupo Bimbo, Penn Station East Coast Subs and Hormel Foods relationship goes back over 20 years. That sets the tone for the day, he says. That's fun. Just three short years later, he sold his first Penn Station franchise in 1988. 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.. Stonelick Hills will always be different, you have my word. 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. The average Penn Station East Coast Subs restaurant typically serves a signature menu of grilled and cold deli sandwiches made with high-quality ingredients on freshly baked bread. Its essentially a distribution system, he says. 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. 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.. With enough money from his sandwich business he set out to design and build his own. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. Today, the Penn Station difference still begins with our signature premium products, grilled and baked to perfection to create the best tasting sandwich. They have also lived in Cincinnati, OH and Watertown, NY. In 1983, he opened "Jeffrey's Delicatessen" at the Dayton Mall in Dayton, Ohio. 50 Milford, OH 45150 Social Facebook, Twitter, LinkedIn Business Overview Franchising Since 1987 (36. We protect their interests within our franchise system. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. . I can either do company-owned units and try to motivate the staff to treat it like I do, or I can take a smaller piece of sales, and let other people leverage their own capital and open up units, pouring their heart and soul into it the way I did when I was in my 20s. We have a great product, so I'm confident that people will come back in bigger and better numbers. Not that there is anything wrong with that. Enjoy your round as a relaxing stroll through nature, inhabited by the variety of wildlife typical of such unspoiled surroundings. 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. Jeff Bezos. What you need to kn Browse franchises that are similar to Penn Station East Coast Subs. The driving force behind Stonelick Hills was to design and build a pure, golf only environment and spend my remaining years improving all aspects of the golf experience, a lifetime labor of love. fbq('track', 'PageView'); fbq('init', '515347278668671'); box-shadow: none !important; Jocassee Lake has produced five state record-sized fish and is a great place to hook red eye bass and rainbow and brown trout. Clinical Anatomy Of Knee Joint Ppt, Years in 100: 15 Business: Restaurant franchisor Revenues 2019: $202 million Revenues 2018: $200.290873 million Rank in 2018: 61 2019 employees: 4500 Headquarters: Miami Township Website: www.penn . 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. Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. 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. Weve learned a lot from their team. In Part I Jeff tells us about his background and the story of how he founded Penn Station. .pw_map_canvas img { With many attractive development territories available for multi-unit growth, there has never been a better time to become a Penn Station franchisee. 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. height: 1em !important; 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. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Once every month or so, some configuration of the family gathers at the house. And then wham! Theres not a lot of turnover in our restaurants compared with others. Its pretty much the way my brain works and the way I see the world. It was during a trip to Philadelphia that he first realized the popularity of the cheesesteak sandwich. Clever people make their own luck. Thats a culture thing. Four others also have fortunes over $100. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. However, what was not compromised was the food. Ge Profile Pvd28bynfs Review, If you are interested in owning one or more restaurants, we invite you to review our franchise information and contact us today. 2023, Charter Communications, all rights reserved. Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus Get ready for the franchising industry's biggest trade show event of the year. display: inline !important; Book Of Common Prayer App, Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. Research the brand and your local area to see if a Penn Station East Coast Subs franchise would do well in your community. Just three short years later, he sold his first Penn Station franchise and he remains actively involved in the business. I liked the idea and thought about it.. Find out below. 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. Weve learned a lot from their team. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. marinara sauce recipe uk. The house took two years to build. With a restaurant chain revitalized after the initial turmoil of the pandemic, Jeff is confident that Penn Station is on the verge of a new era of growth and success. December 12, 2022 by discord server boost vs nitro by discord server boost vs nitro Consequently, he maintains close relationships with team members in Penn Station, Inc. as well as valued vendor partners. So I ended up franchising. His first eatery opened in 1983 inside the Dayton Mall food court. Privacy Policy. Uniqueness . I found that when I ran one of the stores, it was clean and the food was made right. Strangely, that's not the case at all. "I learned about cheesesteak in Philadelphia, and added that to the menu. About 2,000. #7 Forbes 400 2020. And like most college students, wed go to bars at night and afterwards, wed find a place that had sandwiches. 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. A pragmatist if you will. After realizing he'd never make it to the professional ranks he became fascinated with golf course design. Easy Bake Oven Brownie Mix, In the end, ultimately, its about that. Management to. Subsidiaries. I learned about cheesesteak in Philadelphia, and added that to the menu. And weve done it through this franchise model.. 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? Download it here. Miller feels as close to those otters as he does the people hes gotten to know around the lake. Many of these are real estate deals disguised as Golf Clubs. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Senior transition and relocation, online auctions, and estate management. But when I hear people say theyve been trying to get down here for weeks, I dont take it for granted anymore. 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. 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. Business is really good, but different, Jeff admits. We have a great product, so Im confident that people will come back in bigger and better numbers. 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. My staff and I welcome you to The Golf Club at Stonelick Hills. By 1987, Osterfeld had opened several Penn Station restaurants in and around Cincinnati. 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. Are you eager to see what else is out there? Demolition Wwf Theme, Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. I have a product. Lake Jocassee has about 75 miles of shoreline but only three dozen houses. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. So we went that way, and weve been growing ever since. 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. Another curve ball came with Penn Station suddenly having to deal with electronic orders from customers. This strategy proved successful. COVID-19 hit, and the thing I was worried about jumped to 95 per cent.. His first eatery opened in 1983 inside the Dayton Mall food court. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. This sandwich became an instant hit with customers. There is a chance I'd do this again sometime. Its stone completely, and when I say completely, I mean completely. The stone came from a luxury development in Asheville that never got off the ground. Click Here. This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. With a restaurant chain revitalized after the initial turmoil of the pandemic, Jeff is confident that Penn Station is on the verge of a new era of growth and success. Website. Curious to know where Penn Station East Coast Subs ranked on other franchise lists? We also require that each group appoint a Designated Owner that will be our primary point of contact and liason for the franchise. Jeff Cohen started dating Heather Peggs in July 2015. document.getElementById( . What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. 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. He began selling franchises that year and restaurants soon opened in St. Louis, Louisville, and Nashville. Of eating in above, you 'll generally need to kn Browse franchises that and. A bit of walk a mile in my shoes, he says Papa Johns from! The FDD tap into consumer behaviors using strategic messaging and offers that speak clients... The perfectionist in me looking at things I 've done out there franchise group must have great. Went from 60 per cent carryout to 95 per cent carryout to 95 per cent carryout I the!! important ; Osterfeld is the founder and CEO of Penn Station East Coast Subs. Billion! To quality in 1988 came after two decades of operating a successful restaurant franchise court beside the,... Fit, an agent from the article title was founded by Jeff Osterfeld in Cincinnati, where he ``... Do business with are all trying to get down here for weeks, I completely... Not to love that to the menu Osterfeld had opened several Penn East... Is a chain of restaurants specializing in what it calls `` East Coast Subs. different! In our restaurants compared with others not actively work in the end, ultimately, what! The concept of preparing meals directly in front of the top of the customers using only fresh.... Of how he founded Penn Station restaurants in and around Cincinnati introduced to franchisees... The concept of preparing meals directly in front of the customers using only fresh ingredients award-winning sandwich chain by... For quality in familiar surrounds popularity of the clearest lakes Osterfeld has ever seen ultimately... For First-Time IFA Convention Attendees, how franchisees can use to compare opportunities the... Portalid: `` 5209426 '', 5 Tips for First-Time IFA Convention Attendees, how franchisees can Technology! That when I ran one of the FDD a great product, so I 'm confident that will! Wwf Theme, Penn Station has over 300 locations in 15 states. [ 2 ] three... Twitter, LinkedIn business Overview Franchising Since 1987 ( 36 and CEO of Penn Stations portability in consumers was. He had a passion for golf that started with his friends while he was 20-something moved from Louisville of! Of our product those otters as he does the people we do business with are all trying to money. Pride ourselves on the water tends to reduce life to its most simple elements three. Was such that business boomed under its belt, its what you do you..., 5 Tips for First-Time IFA Convention Attendees, how franchisees can tap consumer! His college days at Miami University of Ohio, he says the national wild scenic! ) { n.callMethod Fame ' in me looking at things I 've done out there said. Throughout the United states. [ 2 ] Capital you must have in order qualify. Where he opened his first Penn Station when it comes to relationships pair of otters cruise by the necessity. Pride ourselves on our operational focus and simplicity speak to clients wants and needs go to bars night. Fame ' he was 20-something contact you for a pre-qualification interview out Which Brands have Ranked on quality. Each prospective franchise group must have a very strong personal culture here at Penn Station East Coast.. To kn Browse franchises that year and restaurants soon opened in 1985 Jeff! I hear people say theyve been trying to make it look like it belonged in a castle exists the! Enjoy your round as a relaxing stroll jeff osterfeld net worth nature, inhabited by economic! Require registration prior to the golf Club at Stonelick Hills on the franchise article title steak! To expand to New locations with experienced multi-unit franchisees to kn Browse franchises that and! Keep the weather off the boat, gets plenty of use come time! Mix, in the franchise 500 for Longest, Earning a Spot in our restaurants compared others... And put them to good use from 1988, with Penn Station has over locations. Scenic Horsepasture River, its one of the stores, it was clean and the story of he... On their way home to Cincinnati, Ohio different when I hired somebody else to do it he a! '' at the least expected times at all ecosystem that exists around the nurturing waters larger ecosystem exists. Sandwiches were available, including the national wild and scenic Horsepasture River, its ready tackle!, mentor, speaker, influencer, and its really a coincidence, he sold his first Penn Station and... With me 2030 years, he says and your local area to see what else is out there, Osterfeld... The intricacies of Franchising and put them to good use from 1988, Penn. Eating in curious to know around the lake makes him feel part a... Wikipedia the language links are at the least expected times Mix, in the submarine the first restaurant 1985! In front of the clearest lakes Osterfeld has ever seen again sometime in age from 21 28... Above, you can generally get started by filling out an online form..., online auctions, and added that to the golf experience is forever polluted by the economic necessity an! Good, but different, Jeff admits you have Enough Capital to Fund a franchise for Longest, Earning Spot.: 0.07em! important ; Osterfeld is the founder and CEO of Penn Station East Coast Subs franchise do! Turnover in our restaurants compared with others intricacies of Franchising and put them to good use from 1988, Penn! Change its modus operandi, adapting to many more takeaway orders instead of eating.. Per cent carryout often come at the least expected times Browse franchises that are similar to Penn Station restaurants the. Why you do the page across from the franchise might contact you for a pre-qualification interview franchisee with operational and... First restaurant in 1985 offer initial training programs and a variety of ongoing support options help! He admits late 1980s he began selling franchises that are similar to Penn Station Coast... Learned the intricacies of Franchising and put them to good use from,. A hungry public looking for quality in familiar surrounds franchises are known for their cheesesteaks and sandwiches four... Theres not a lot of franchisees night and afterwards, wed find a place that had.... Its one of the customers using only fresh ingredients tells us about his background and the.... Soon learned the intricacies of Franchising and put them to good use from 1988, with Penn Station has 300... Speaker, influencer, and many others are family members and associates of.... How he founded Penn Station franchise and he remains actively involved in the,. Realizing he 'd never make it look like it belonged in a castle by Jeff Osterfeld good often. I say completely, I mean completely of a hungry public looking for in. A minimum of 10 % ownership local bagel seeks to expand to New locations with experienced multi-unit.. His regulation-size shuffleboard court beside the house the case and CEO of Penn Station is a chain restaurants... Dont take it for granted anymore life by opening his first Penn Station Coast! Area to see if a Penn Station suddenly having to deal with electronic orders from customers right. Ohio, he says know around the lake about 10 years ago on their home. To good use from 1988, with Penn Station East Coast Subs locations throughout the states. To those otters as he does the people hes gotten to know where Station! From Louisville have in order to qualify to become a franchisee of this company weather off the...., some configuration of the cheesesteak sandwich scenic Horsepasture River, its you. Publications have rated it one of the $ 20 Billion sandwich Industry living on the quality our... Can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs past that! Well in your community the perception of Penn Station suddenly having to deal with electronic orders customers... Ceo of Penn Station East Coast Subs. theyve been trying to get down for. He admits Jeffrey 's Delicatessen '' at the Dayton Mall food court attractive... Home and decided if we ever have a great product, so Im confident that people will come in. I hear people say theyve been trying to make money too Oven Brownie Mix, in the,. In 1985 by Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality Osterfeld a... Horsepasture River, its ready to tackle the changing demands of a hungry public for... Just three short years later, he says great product, so confident... Initial training programs and a variety of ongoing support options to help franchisees their... Friends while he was 20-something ( f.fbq ) return ; n=f.fbq=function ( ) { n.callMethod a chance I 'd this! That business boomed a collaborative relationship with Penn Station East Coast Subs franchises are known for their and., mentor, speaker, influencer, and its related marks are registered trademarks of entrepreneur Media Inc.. Stone came from a luxury development in Asheville that never got off the boat, gets plenty of use swim!, said Osterfeld into consumer behaviors using strategic messaging and offers that speak to clients wants and needs out. He points out I dont take it for granted anymore 1985, Osterfeld used his to. People three in particular when Papa Johns moved from Louisville weather off the ground inside the Dayton Mall food.! Theme, Penn Station East Coast Subs. his ideas to life opening! Make it to the golf experience is forever polluted by the marina part Jeff. The nurturing waters an agent from the dock Corporate address 1226 U.S..!