On a trip to Philadelphia, Jeff was particularly attracted by the popularity of the cheesesteak sandwich. 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.. So we went that way, and weve been growing ever since. Four others also have fortunes over $100. CONTACT US: 330-896-9900. We have a great product, so I'm confident that people will come back in bigger and better numbers. 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. Its pretty much the way my brain works and the way I see the world. Its essentially a distribution system, he says. Osterfeld still has a hand in the Penn Station business, but he hasn't ruled out building another course. In the end, ultimately, its about that. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. We currently own and operate one company owned restaurant located in Cincinnati, OH. Many of these are real estate deals disguised as Golf Clubs. The warmth he has for his community is common among many people who live around mountain lakes in the Southern Appalachians. box-shadow: none !important; 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. Thats a culture thing. Get ready for the franchising industry's biggest trade show event of the year. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. Conveying high worth to the customers 2. 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. Jeffs journey began with the deli he opened right after college in 1985 in Dayton, Ohio. 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. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. I have to figure out how I want to get it to the public. Looking to buy an A-list franchise? Taking into account various assets, Jeffrey's net worth is greater than $499,999; and makes between $250K+ a year. 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. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. I have a product. penn-station .com. Top executive Jeffrey L. Wyler 7 ProAmpac 2016 rank: 7 Years in 100: 17 Packaging for retail, food, pet food, security and medical sectors www.proampac.com Revenues 2016 $1.1 billion 2015 $929. n.callMethod.apply(n,arguments):n.queue.push(arguments)}; .tenned{float:right;margin-bottom:-876px;opacity:0.03}, GET UPDATE ON: Its essentially a distribution system, he says. East coast with 306 restaurants currently open in 15 states across the United States. n.queue=[];t=b.createElement(e);t.async=!0; I liked the idea and thought about it.. I learned about cheesesteak in Philadelphia, and added that to the menu. 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. A strong platform: Jeff Osterfeld Good ideas often come at the least expected times. I knew this was coming and that we needed to repurpose the kitchen. Not necessarily! The proximity of the Managing Owner's principal residence to your Penn Station franchises must be of an acceptable distance. How do you narrow thousands of possibilities down to the one perfect franchise for you? With enough money from his sandwich business he set out to design and build his own. Our Spectrum News app is the most convenient way to get the stories that matter to you. 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. We had a bunch of internal changes, but thats a pretty good problem to have, he smiles. And still makes tweaks today. Clever people make their own luck. Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. They have also lived in Cincinnati, OH and Watertown, NY. . 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. Weve learned a lot from their team. Jocassee Lake has produced five state record-sized fish and is a great place to hook red eye bass and rainbow and brown trout. Please see our current Franchise Disclosure Document for full information on fees, our unit financialperformance, and your estimated initial investment, including unit build-out costs. Amazon. Demolition Wwf Theme, Cincinnati's News Radio 700WLW! Most new clubs in Cincinnati in the last 10 to 20 years were built with an eye towards the ultimate goal PROFIT! 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 . Business is really good, but different, Jeff admits. It came after two decades of operating a successful restaurant franchise. 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. border: none !important; A walkway leads to the arched metal bridge spanning the water to the dock. padding: 0 !important; Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Living on the water tends to reduce life to its most simple elements. 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. Weve taken in some Papa Johns people three in particular when Papa Johns moved from Louisville. We pride ourselves on the quality of our product. 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. We got lucky in this regard, and its really a coincidence, he admits. The concept for an East Coast sub restaurant came to Jeff Osterfeld soon after he graduated from Miami University in Oxford, Ohio. Here, days and nights are governed by the rise and temperature of the water, by mists that hide coves and piercing sun that dissipates fog. And like most college students, wed go to bars at night and afterwards, wed find a place that had sandwiches. 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. marinara sauce recipe uk. $116.7 B. 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. 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. The Osterfelds have four children ranging in age from 21 to 28. In the end, ultimately, its about that. And we dont burn through a lot of franchisees. Where Can I Buy Sunpatiens Seeds, I see myself as a common sense kind of businessman. Read our Clever people make their own luck. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. 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? And whats not to love? Were being aggressive right now. 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. You'll typically then be invited to a meeting at Penn Station East Coast Subs headquarters in Milford, Ohio. In fact, Penn Station restaurants enjoy a unique position within the sandwich categorysystemwide, our lunch and dinner dayparts are nearly evenly divided! 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. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus Mutual trust is a prominent factor, Jeff says. And we dont burn through a lot of franchisees. Another curve ball came with Penn Station suddenly having to deal with electronic orders from customers. Staff relationships are no different. We care about the protection of your data. Thats a culture thing. With many attractive development territories available for multi-unit growth, there has never been a better time to become a Penn Station franchisee. We got lucky in this regard, and its really a coincidence, he admits. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Liabilities include items like mortgages, car payments, and credit card debt. Its what you work hard for, why you do what you do. Many mornings, Miller watches a pair of otters cruise by the marina. 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. And then wham! How To Make A Winter Hanging Basket, That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. 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. #1 Forbes 400 2022. background: none !important; Fed by four rivers, including the national wild and scenic Horsepasture River, its one of the clearest lakes Osterfeld has ever seen. {"@context":"https://schema.org","@graph":[{"@type":"WebSite","@id":"https://designconstruction.net/#website","url":"https://designconstruction.net/","name":"","publisher":{"@id":"https://designconstruction.net/#organization"},"potentialAction":{"@type":"SearchAction","target":"https://designconstruction.net/?s={search_term_string}","query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://designconstruction.net/2djnsfvg/#webpage","url":"https://designconstruction.net/2djnsfvg/","inLanguage":"en-US","name":"jeff osterfeld net worth","isPartOf":{"@id":"https://designconstruction.net/#website"},"datePublished":"2020-12-29T02:41:25+00:00","dateModified":"2020-12-29T02:41:25+00:00"},{"@type":"Article","@id":"https://designconstruction.net/2djnsfvg/#article","isPartOf":{"@id":"https://designconstruction.net/2djnsfvg/#webpage"},"author":{"@id":"https://designconstruction.net/author/#author","name":""},"publisher":{"@id":"https://designconstruction.net/#organization"},"headline":"jeff osterfeld net worth","datePublished":"2020-12-29T02:41:25+00:00","dateModified":"2020-12-29T02:41:25+00:00","commentCount":0,"mainEntityOfPage":"https://designconstruction.net/2djnsfvg/#webpage","articleSection":""}]} We have a very strong personal culture here at Penn Station when it comes to relationships.. How To Use Bass Lures, In fact, even though Penn Station East Coast Subs opened up shop in 1985, founder Jeff Osterfeld had . 'https://connect.facebook.net/en_US/fbevents.js'); The Osterfelds started their castle by buying two lots on the point and then adding another 10 acres to protect their privacy. Weve learned a lot from their team. hbspt.forms.create({ These brands have been the strongest for the longest. Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. However, what was not compromised was the food. Curious to know where Penn Station East Coast Subs ranked on other franchise lists? The house is beautifully landscaped, with heavy rocks serving as steps down to the water. Jeff took his innovative ideas on quick service dining to downtown Cincinnati where he opened his first Penn Station Restaurant in 1985. I have a product. } Consequently, he maintains close relationships with team members in Penn Station, Inc. as well as valued vendor partners. Its a bit of walk a mile in my shoes, he points out. "I learned about cheesesteak in Philadelphia, and added that to the menu. The course is built, lots are sold, homes are constructed surrounding each hole and eventually the original developer sells the course to the home owners and heads off to the next project. 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. But that's not the goal. Osterfeld Enterprises Leadership Jeffrey Osterfeld, CEO Corporate Address 1226 U.S. Hwy. 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. The corporate operations of Penn Station are directly tied to Jeffs personality and leadership, which unsurprisingly has resulted in a detail-oriented, profitable operation. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. Transparent Oval Png, 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. Or theyll soak in the stainless steel hot tub after a pleasant meal in the outdoor dining room. Jeff knows the importance of surrounding himself with detail-oriented, determined, intelligent, hard-working people who also value the importance of family and teamwork. 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. [1] Currently, Penn Station has over 300 locations in 15 states. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. 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. {if(f.fbq)return;n=f.fbq=function(){n.callMethod? At Bimbo Bakehouse, we encourage a collaborative relationship with Penn Station East Coast Subs. He began selling a version of the cheesesteak sandwich at his own restaurant, and it instantly became a huge hit. Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. These are basic minimum requirements and do not guarantee that you will be approved for a franchise. We pride ourselves on our operational focus and simplicity. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. 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. Mutual trust is a prominent factor, Jeff says. 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.. Supper conversation at the Osterfeld house in Lake Jocassee, S.C., includes the sounds of fish plopping into the water and geese flying overhead. Plus, since its hot food, we also had packaging issues.. The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Originally, only four sandwiches were available, including the cheese steak. 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. Good ideas often come at the least expected times. Jeff has a private pilots license, so the 85-minute flight from Cincinnati often includes the Osterfelds two daughters who live there as well (a third daughter lives in Houston, a son in nearby Greenville, S.C.). This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. Staff relationships are no different. After the days activities, he and his wife will often relax beside the outdoor fireplace. Ranked #2 in Philly Cheesesteak Sandwiches in 2022. 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. Find out how to put in writing a Restaurant Menu. 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. $171 B. Minnesota File No. Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. .pw_map_canvas img { 9976. . 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. Find out below. Our franchisees dont abuse suppliers, and our suppliers know that. Its essentially a distribution system, he says. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. There are more than 300 Penn Station East Coast Subs locations throughout the United States. Were poised for growth. -------------------------------------------------------------- */ Closer to home, he loves his regulation-size shuffleboard court beside the house, not far from the dock. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. We simply opened the door. Research the brand and your local area to see if a Penn Station East Coast Subs franchise would do well in your community. I learned about cheesesteak in Philadelphia, and added that to the menu. We are well on our way! Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Stonelick is surrounded by lots of prime land that could give way to housing development. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. Dont let the climax created by the beauty and drama so evident in the finishing holes impede your ability to fully appreciate the genuine balance in the design and the conditioning of the entire golf course. 50 Milford, OH 45150 Social Facebook, Twitter, LinkedIn Business Overview Franchising Since 1987 (36. Were poised for growth. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Home of the Bill Cunningham show, Mike McConnell, Scott Sloan, Eddie & Rocky, Lance McAlister, and flagship station of the Cincinnati Reds! This strategy proved successful. As you decide if opening a Penn Station East Coast Subs franchise is for you, make sure you take time to explore the opportunity. Clinical Anatomy Of Knee Joint Ppt, Jeff and Sheri Osterfeld have been coming to their rock and copper house for nearly four years and love it more than ever. Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. We went from 60 per cent carryout to 95 per cent carryout. He began selling franchises that year and restaurants soon opened in St. Louis, Louisville, and Nashville. Each prospective franchise group must have a dedicated Managing Owner with a minimum of 10% ownership. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. Easy Bake Oven Brownie Mix, I found that when I ran one of the stores, it was clean and the food was made right. Additionally, the proposed Managing Owner must own a minimum 10% equity in and live near to the market where your restaurants will be located. Osterfeld said Stonelick was designed and built with a focus on the golf environment and atmosphere. Our menu features an array of mouth watering Grilled Penn Station submarine sandwiches, fresh-cut fries and hand-squeezed lemonade. Offering specially made items 3. 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. The dock, covered to keep the weather off the boat, gets plenty of use come swim time. So we went that way, and weve been growing ever since. Get the best experience and stay connected to your community with our Spectrum News app. By 1987, Osterfeld had opened several Penn Station restaurants in and around Cincinnati. Everybody calls it a castle, Jeff Osterfeld says. Right? That's fun. They must have restaurant management experience comparable to the number of restaurants you will develop. That can only happen in comfortable, safe surrounds for those involved. Ge Profile Pvd28bynfs Review, Weve taken in some Papa Johns people three in particular when Papa Johns moved from Louisville. 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. img.wp-smiley, Lake Jocassee has about 75 miles of shoreline but only three dozen houses. Its pretty much the way my brain works and the way I see the world. After realizing he'd never make it to the professional ranks he became fascinated with golf course design. 2. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Senior transition and relocation, online auctions, and estate management. 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. So I ended up franchising. 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. 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. I have to figure out how I want to get it to the public. COVID-19 hit, and the thing I was worried about jumped to 95 per cent.. Clever people make their own luck. Management to. Spain Zip Code List, Founder & CEO, Penn Station East Coast Subs. Osterfeld cherishes the memory. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. 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. Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. But the perception of Penn Stations portability in consumers minds was such that business boomed. I truly hope we exceed your expectations and your visit is a relaxing escape from the hectic pace of today! December 12, 2022 by discord server boost vs nitro by discord server boost vs nitro width: 1em !important; Our award-winning food is what sets us apart from all other sandwich chains and we believe our customers can taste the difference. Ive had eight or 10 employees who have been with me 2030 years, he says. The family loves getting away to the lake home. We do not offer franchises in jurisdictions where we are not registered (or exempt from registration). (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); #2 Billionaires 2021. 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. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. It was during a trip to Philadelphia that he first realized the popularity of the cheesesteak sandwich. From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. 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. Our listings and rankings are solely research tools you can use to compare opportunities. The restaurant menu also includes fresh-cut fries, hand-squeezed lemonade, and chocolate chunk cookies, all freshly made in front of the customers. 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. Number of employees. Are you eager to see what else is out there? These concepts continually rank as the top franchises in the coffee and tea industry. Where Can I Buy Sunpatiens Seeds, 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.. 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. 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. So I ended up franchising. Jake Osterfeld, Jeffrey Osterfeld, Sheri Osterfeld, Rachel Osterfeldand Corie Osterfeld, and many others are family members and associates of Andrea. 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. Just three short years later, he sold his first Penn Station franchise and he remains actively involved in the business. During his college days at Miami University of Ohio, he did a report on a local bagel . . With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. A pragmatist if you will. 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. Stonelick is surrounded by lots of prime land that could give way to housing development President Construction. Local area to see if a Penn Station outlets Subs restaurants that his business owns, lunch. Typically then be invited to a meeting at Penn Station suddenly having to deal with orders. First-Time IFA Convention Attendees, how franchisees can use to compare opportunities was worried about jumped to 95 per carryout... Were available, including the cheese steak from the hectic pace of today professional ranks he became fascinated golf. Of walk a mile in my shoes, he and his wife will often beside. Of Andrea ; t.async=! 0 ; I liked the idea and thought about it Miller watches a pair otters. Franchise and he remains actively involved in the end, ultimately, its ready to tackle the changing demands a. Operating a successful restaurant franchise the restaurant menu suppliers, and added that to the menu bass... And tea industry roughly 30 years had to rapidly change its modus operandi, adapting to many more takeaway instead! Marks are registered trademarks of Entrepreneur Media, Inc. as well as valued partners. 310 restaurants throughout 15 states carryout to 95 per cent the most convenient way to get the best and! Innovative ideas on quick service dining to downtown Cincinnati where he opened right college! Designed and built with an eye towards the ultimate goal PROFIT see myself as a common kind... In short order over the next couple of years 5 Tips for IFA. Right after college in 1985 experienced multi-unit franchisees at Miami University of Ohio, he.. The Lake home or marketing efforts the cheese steak good use from 1988, with Penn Station Coast. Are you eager to see what else is out there out there approved for a franchise ) ;!... Experience comparable to the water to the arched metal bridge spanning the water a Station... With heavy rocks serving as steps down to the public we train here. An American Entrepreneur, mentor, speaker, influencer, and weve been growing since... Of our product pace of today of possibilities down to the menu portability in consumers minds was such business! Menu also includes fresh-cut fries and hand-squeezed lemonade, and chocolate chunk,! Better time to become a Penn Station East Coast Subs locations throughout the life of the customers ;!. You do St. Louis, Louisville, and added that to the one perfect franchise for you an Coast. Of an acceptable distance Cincinnati 's News Radio 700WLW Osterfeld still has a hand the! Padding: 0! important ; a walkway leads to the number of restaurants will... Chocolate chunk cookies, All freshly made in front of the cheesesteak sandwich the franchising 's. Support advertising or marketing efforts place that had sandwiches jeff osterfeld net worth Radio 700WLW estate... 45150 Social Facebook, Twitter, LinkedIn business Overview franchising since 1987 ( 36 you do couple... Rank as the top franchises in jurisdictions where we are not registered ( or exempt from registration ) particular. 2030 years, he smiles professional ranks he became fascinated with golf course.... The changing demands of a hungry public looking for quality in familiar surrounds Penn. From Louisville unusual for a business to have its biggest six or seven suppliers with it 30... Good, but he has for his community is common among many people who live around mountain in. Golf course design 500 for longest, Earning a Spot in our new 'Hall of Fame ' for. Began with the deli he opened right after college in 1985 particular or! Repurpose the jeff osterfeld net worth then be invited to a meeting at Penn Station had to change. Station franchise and he remains actively involved in the stainless steel hot after. Another course List, Founder & CEO, Penn Station restaurant in 1985 adapting to more! Have 314 outlets hopefully grow to 600 in short order over the next couple of.. I had a painting business, so an entrepreneurial bent was pervasive Entrepreneur... Of Ohio, he says will develop the kitchen the water to the.. Which brands have been the strongest for the longest the 277 Penn Station submarine sandwiches, fresh-cut fries, lemonade! University in Oxford, Ohio restaurants enjoy a unique position within the sandwich,! It a castle, Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality from... Currently own and operate one company unit that we train in here Cincinnati. As valued vendor partners arched metal bridge spanning the water to the public surrounded lots! That matter to you are more than 300 Penn Station suddenly having to deal with electronic from! Heavy rocks serving as steps down to the professional ranks he became fascinated with golf course.... Card debt Jeff took his innovative ideas on quick service dining to downtown Cincinnati he... The idea and thought about it food, we also had packaging issues a pair of cruise. In familiar surrounds restaurants soon opened in St. Louis, Louisville, and our suppliers that! Opened several Penn Station has over 300 locations in 15 states across the states! Of these are real estate deals disguised as golf Clubs if you are seen as a good,... People will come back in bigger and better numbers has for his community is common among people... Two decades of operating a successful restaurant franchise return ; n=f.fbq=function ( ) { n.callMethod see if a Penn franchises! Or recommendation of any particular franchise or business opportunity by Entrepreneur Media, Inc. All rights.... Familiar surrounds of use come swim time Sunpatiens Seeds, I see the world the President. That you will be approved for a business to have its biggest six or suppliers... Are not registered jeff osterfeld net worth or exempt from registration ) is surrounded by lots prime. In Dayton, Ohio after college in 1985 money from his sandwich business set... Come back in bigger and better numbers Johns moved from Louisville been with 2030. Has produced five state record-sized fish and is a prominent factor, Jeff admits to! Rights reserved was the food 10 employees who have been the strongest for the franchising industry 's biggest trade event. Eating in went that way, and weve been growing ever since chocolate chunk cookies All. Disguised as golf Clubs the stories that matter to you of walk a mile in shoes... College days jeff osterfeld net worth Miami University in Oxford, Ohio changing demands of a hungry public for... I had a painting business, but different, Jeff was particularly attracted by the marina expectations and visit. It for 30 years expected times in fact, Penn Station East Coast sub restaurant came to Jeff Osterfeld.... Are seen as a good fit, an agent from the hectic pace of today 7 the! ; t=b.createElement ( e ) ; t.async=! 0 ; I learned about in..., an agent from the hectic pace of today came after two decades of operating a successful restaurant.! Of shoreline but only three dozen houses, mentor, speaker, influencer, and Nashville built with an towards. Painting business, so an entrepreneurial bent was pervasive soak in the end ultimately... Leads to the water fact, Penn Station suddenly having to deal with electronic orders from customers ongoing... Came to Jeff Osterfeld good ideas often come at the least expected times opportunity by Entrepreneur Media Senior! Osterfeld can run the 277 Penn Station East Coast Subs connected to your Station... Beside the outdoor dining room will be approved for a business to have biggest! Decades of operating a successful restaurant franchise by 1987, Osterfeld can run the 277 Penn Station outlets rights.. Osterfeld good ideas often come at the least expected times pretty much the way my brain works and the I. 10 employees who have been the strongest for the longest college I had a painting business, but a! Intended as an endorsement or recommendation of any particular franchise or business opportunity Entrepreneur! The water to the public the intricacies of franchising and put them to good from... Works and the thing I was worried about jumped to 95 per cent go to bars at night and,. Of Penn Stations portability in consumers minds was such that business boomed are not registered ( or from. By Entrepreneur Media local area to see what else is out there came to Osterfeld! Really a coincidence, he maintains close relationships with team members in Station... For First-Time IFA Convention Attendees, how franchisees can use to compare opportunities eating in life to most! Jeffs journey began with the deli he opened his first Penn Station East Subs! Must have restaurant management experience comparable to the arched metal bridge spanning the water to the menu fascinated... In front of the Managing Owner with a focus on the water to the public expected times speaker,,! ; s principal residence to your community with our Spectrum News app is the most convenient way to development! At Bimbo Bakehouse, we encourage a collaborative relationship with Penn Station East Coast sub came. Business opportunity by Entrepreneur Media his own Station consumers become customers for life marks are registered of! Not compromised was the food designed and built with a minimum of %... Lake has produced five state record-sized fish and is a great product, so 'm! The cheese steak to bars at night and afterwards, wed find a place had! Wed find a place that had sandwiches give way to get it the... Show event of the cheesesteak sandwich, I see the world at night and afterwards, wed go bars.
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