August 30, 2011
59. Penn StationEast Coast Subs
Cincinnati, Ohio / No. of units: 220+
2010 was a big year for Penn Station, which celebrated 25 years in business and added about 10 new locations. The company’s newest location opened in August in metro Chicago and features a newly designed front counter and grill that faces the customers. The company also earned several awards, including City Beat’s “Best in Cincinnati” award in three food categories: Best Cheesesteak, Best French Fries and Best Sub Sandwiches. In November, Jeff Osterfeld, who launched Penn Station in 1985, reported that same-store sales had increased month-over-month since January and that the company’s projected revenue for 2010 was $119 million, up from $114 million in 2009.