Dec. 17, 2012
Penn Station East Coast Subs opened 21 restaurants in 2012, and has even bigger plans for 2013, including opening 40 more units. The chain entered several new markets this year, including Chattanooga, Tenn.; Columbia, Mo.; Grand Rapids, Mich.; and Lansing, Mich.
“We have made each restaurant’s success our main priority, which is why we are able to offer such an outstanding return on investment to our franchisees and why we boast a 99.9 percent success rate,” said Craig Dunaway, president of Penn Station, Inc. “We will continue to look for qualified multi-unit franchisees who have restaurant management experience. Our growth strategy has been focused on growing concentrically from our home base in Cincinnati, and — based on the success of 2012 — we will continue that method next year.”
Building on the success of its multi-unit franchisees, Penn Station is seeking entrepreneurs with prior restaurant experience as well as small, active investment groups to open at least five restaurants. Penn Station will continue to focus on smart growth in targeted markets with the franchisees that are the right fit for the company. Key growth markets for 2013 include Atlanta, Washington, D.C., Chicago, Detroit, Nashville, Tenn., Richmond, Va., and North and South Carolina.
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