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{if(f.fbq)return;n=f.fbq=function(){n.callMethod? COVID-19 hit, and the thing I was worried about jumped to 95 per cent.. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. formId: "520dca37-e1cd-4cc8-bff2-42ffb2fdf82e" The concept for an East Coast sub restaurant came to Jeff Osterfeld soon after he graduated from Miami University in Oxford, Ohio. Home. 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. Demolition Wwf Theme, Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980's. This strategy proved successful. However, what was not compromised was the food. Kevin Osterfeld, brother of Penn Station founder and owner Jeff Osterfeld, sold P.S. That's fun. 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. Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. display: inline !important; 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. And like most college students, wed go to bars at night and afterwards, wed find a place that had sandwiches. . max-width: none; The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document. 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. 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. Jeff's journey began with the . Jeff took his innovative ideas on quick service dining to downtown Cincinnati where he opened his first Penn Station Restaurant in 1985. In the end, ultimately, its about that. A strong platform: Jeff Osterfeld Good ideas often come at the least expected times. So we went that way, and weve been growing ever since. The largest local franchisee of Cincinnati-based sub shop Penn Station has sold his company. 50 Milford, OH 45150 Social Facebook, Twitter, LinkedIn Business Overview Franchising Since 1987 (36. Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. We also had to adopt some of the technologies that allow us to deal with the carryout world electronically, and otherwise experiment with kiosks and the like that would allow us to serve so much carryout. They must have restaurant management experience comparable to the number of restaurants you will develop. 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. I have to figure out how I want to get it to the public. Number of employees. 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. According to Jeff, employees buy into the Penn Station business culture of acceptance and community effort because they can see its authenticity. His first eatery opened in 1983 inside the Dayton Mall food court. The warmth he has for his community is common among many people who live around mountain lakes in the Southern Appalachians. My staff and I welcome you to The Golf Club at Stonelick Hills. His first eatery opened in 1983 inside the Dayton Mall food court. Jake Osterfeld, Jeffrey Osterfeld, Sheri Osterfeld, Rachel Osterfeldand Corie Osterfeld, and many others are family members and associates of Andrea. Fed by four rivers, including the national wild and scenic Horsepasture River, its one of the clearest lakes Osterfeld has ever seen. The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. I found that when I ran one of the stores, it was clean and the food was made right. Definition: The initial fee paid to a franchisor to join their system. And weve done it through this franchise model.. I truly hope we exceed your expectations and your visit is a relaxing escape from the hectic pace of today! Book Of Common Prayer App, There are more than 300 Penn Station East Coast Subs locations throughout the United States. And still makes tweaks today. Catch up on the latest franchise news, trends, and more. .pw_map_canvas img { Ranked #2 in Philly Cheesesteak Sandwiches in 2022. Penn Station East Coast Subs has been ranked in Entrepreneurs Franchise 500 many times in the past several decades. Learn More. From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. 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. Business is really good, but different, Jeff admits. From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. Do You Have Enough Capital to Fund a Franchise? Next, you'll generally need to attend an online exploration seminar, and you'll be introduced to other franchisees. 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. Amazon. If you meet the criteria above, you can generally get started by filling out an online inquiry form. Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980s. Staff relationships are no different. Uniqueness . He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. 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. 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. if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; Penn Station East Coast Subs has 2,000 employees, of which 2 are in a leadership position. 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. Transparent Oval Png, What you need to know: Net worth is the value of a person's assets minus liabilities. In 1985, Osterfeld used his expertise to bring his ideas to life by opening his first restaurant in Cincinnati, 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. How To Make A Winter Hanging Basket, !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! Were better together as we strive to bring an outstanding food experience to the consumer. Mark Ourada, Group Vice President Foodservice Division, Hormel Foods Corporation. We have a very strong personal culture here at Penn Station when it comes to relationships. This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well. In the end, ultimately, its about that. Its essentially a distribution system, he says. 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. 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. Today, the chain has 313 stores in 15 states with annual sales around $200 million. E-Club. Jeff Bezos. 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. 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. We have a very strong personal culture here at Penn Station when it comes to relationships.. And we dont burn through a lot of franchisees. These concepts continually rank as the top franchises in the coffee and tea industry. !function(f,b,e,v,n,t,s) We got lucky in this regard, and its really a coincidence, he admits. s.parentNode.insertBefore(t,s)}(window, document,'script', $116.7 B. After the days activities, he and his wife will often relax beside the outdoor fireplace. Compare where Penn Station East Coast Subs landed on this years Franchise 500 Ranking versus previous years. Click Here. Just three short years later, he sold his first Penn Station franchise and he remains actively involved in the business. This sandwich became an instant hit with customers. Net Worth of $500,000 and $300,000 unencumbered liquid assets. Its essentially a distribution system, he says. {"@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":""}]} Thats a culture thing. 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jeff osterfeld net worth
