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Penn Station celebrates 30th birthday with new design

Penn Station East Coast Subs is celebrating 30 years in business this year and will launch a new restaurant design this fall.

September 17, 2015

Penn Station East Coast Subs is celebrating 30 years in business this year and will launch a new restaurant design this fall, according to a ccompany press release.

"Thirty years is an incredible accomplishment for any business, but especially a business in the restaurant industry," said Craig Dunaway, president. "We’re thrilled to continue on the path of growth we’ve been on for the last 30 years by opening more restaurants in new and existing markets and maintaining our focus on industry-leading return on investment and profitability."

Penn Station offers a better-than 99.9 percent success rate, with only two store closings in the last 30 years, Dunaway said. Last year’s systemwide sales were up more than 8 percent over 2013. So far this year, Penn Station’s comparative sales are up almost 9 percent over 2014.

"When I became the president of Penn Station in 1999, we had only 63 stores," Dunaway said. "Our conservative growth method – focused on opening one successful store and then another and so on instead of trying to open as many as possible without regard for those that never make it – has proven effective. We’re also implementing some exciting brand updates this year that will help propel us forward in the next 30 years."

This year’s brand updates include a new logo, which was unveiled in March, and a new restaurant design, which will debut this fall.

Penn Station’s 296 restaurants are celebrating the brand’s 30th anniversary through September by offering the Founder’s Special, which is Founder Jeff Osterfeld’s special version of Penn Station’s signature Philadelphia cheesesteak sub sandwich. The Founder’s Special is the traditional cheesesteak sandwich with extra cheese and a squirt of teriyaki sauce.