Our Spectrum News app is the most convenient way to get the stories that matter to you. Everybody calls it a castle, Jeff Osterfeld says. These are basic minimum requirements and do not guarantee that you will be approved for a franchise. I truly hope we exceed your expectations and your visit is a relaxing escape from the hectic pace of today! After realizing he'd never make it to the professional ranks he became fascinated with golf course design. 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. Jeff knows the importance of surrounding himself with detail-oriented, determined, intelligent, hard-working people who also value the importance of family and teamwork. The unique food menu it provides may prove to be attractive for the franchisee with operational simplicity and unit-level economics. This trip prompted an addition to the deli's menu of a variation of the Philadelphia cheesesteak sandwich he had sampled on the south side of Philly. I learned about cheesesteak in Philadelphia, and added that to the menu. California Consumer Limit the Use of My Sensitive Personal Information, California Consumer Do Not Sell or Share My Personal Information, Jeff Osterfeld opened his first restaurant in the Dayton Mall in 1983, The first Penn Station opened in downtown Cincinnati in 1985, Osterfeld's The Golf Club at Stonelick Hills opened in 2004. It's also hosted USGA qualifiers, Cincinnati Golf Assocation tournaments, and other events. How To Use Bass Lures, 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. Definition: The initial fee paid to a franchisor to join their system. This is everything you need to know about funding a franchise. Clever people make their own luck. Easy Bake Oven Brownie Mix, After the days activities, he and his wife will often relax beside the outdoor fireplace. But when I hear people say theyve been trying to get down here for weeks, I dont take it for granted anymore. Its pretty much the way my brain works and the way I see the world. Based on our data team's research, Don Fox is the Penn Station East Coast Subs's CEO. It had just the weathering to make it look like it belonged in a castle. We got lucky in this regard, and its really a coincidence, he admits. And weve done it through this franchise model.. This ranking is based on an evaluation of more than 150 data points, including costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. 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. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. December 12, 2022 by discord server boost vs nitro by discord server boost vs nitro We have a very strong personal culture here at Penn Station when it comes to relationships. We got lucky in this regard, and its really a coincidence, he admits. Plus, since its hot food, we also had packaging issues.. Virtual Reality Rooms Near Me, As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. 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. marinara sauce recipe uk. We strive to offer our franchisees a best-in-class support system, including: Site Selection, Restaurant Design & Construction support, IT & Online Ordering, Operations & Training, Marketing, and Financial Reporting. Theres not a lot of turnover in our restaurants compared with others. 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. So its a partnership, and I believe weve put our money where our mouth is in that regard. Were up double digits since COVID-19 started. Its pretty much the way my brain works and the way I see the world. Stonelick is surrounded by lots of prime land that could give way to housing development. Supper conversation at the Osterfeld house in Lake Jocassee, S.C., includes the sounds of fish plopping into the water and geese flying overhead. Often, the changes are enormous. Never miss a beat when you sign up to receive our newsletter. 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. This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well. Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. Easy Bake Oven Brownie Mix, But he had a passion for golf that started with his friends while he was 20-something. Subsidiaries. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. .tenned{float:right;margin-bottom:-876px;opacity:0.03}, GET UPDATE ON: The proximity of the Managing Owner's principal residence to your Penn Station franchises must be of an acceptable distance. 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. Executive Summary. Enjoy your round as a relaxing stroll through nature, inhabited by the variety of wildlife typical of such unspoiled surroundings. [1] Currently, Penn Station has over 300 locations in 15 states.[2]. 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.. The house took two years to build. Spain Zip Code List, Jeff Bezos. I found that when I ran one of the stores, it was clean and the food was made right. Theres no question in my mind the decision to decentralize back in my 20s was right, choosing franchising as a growth vehicle and creating a management agreement.. 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 . Now,. View Jeff Osterfeld's business profile as Founder & Chief Executive Officer at Penn Station. What you need to know: Net worth is the value of a person's assets minus liabilities. At Bimbo Bakehouse, we encourage a collaborative relationship with Penn Station East Coast Subs. Osterfeld Enterprises Leadership Jeffrey Osterfeld, CEO Corporate Address 1226 U.S. Hwy. I find any excuse that I can just to tinker in the house. He spends a lot of time hiking in Jocassee Gorges; two years ago, he and son Jake, then 24, spent six days hiking 66 miles on trails there. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Clinical Anatomy Of Knee Joint Ppt, 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. Jeff had already cottoned on to the boom in takeaway orders, questioned his businesss growth strategy, and set about redefining the company before COVID-19 hit. Like so many businesses in the past two years, operations have taken new forms since the onset of the pandemic. With enough money from his sandwich business he set out to design and build his own. CONTACT US: 330-896-9900. Founder and CEO, hes scaling back to enjoy more time with his family, much of it at their home on Lake Jocassee. Today, the chain has 313 stores in 15 states with annual sales around $200 million. Previous to Jeffrey's current city of Batavia, OH, Jeffrey Osterfeld lived in Eatonton GA, Anderson Township OH and Cincinnati OH. And like most college students, wed go to bars at night and afterwards, wed find a place that had sandwiches. Osterfeld still has a hand in the Penn Station business, but he hasn't ruled out building another course. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. Home of the Bill Cunningham show, Mike McConnell, Scott Sloan, Eddie & Rocky, Lance McAlister, and flagship station of the Cincinnati Reds! So I ended up franchising. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Click Here. Find out how to put in writing a Restaurant Menu. Where Can I Buy Sunpatiens Seeds, 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. Most new clubs in Cincinnati in the last 10 to 20 years were built with an eye towards the ultimate goal PROFIT! Excavated, the rock had been lying on top of the ground for centuries when the Osterfelds builder got hold of it. Ranked #2 in Philly Cheesesteak Sandwiches in 2022. Penn Station East Coast Subs has 2,000 employees, of which 2 are in a leadership position. Our franchisees dont abuse suppliers, and our suppliers know that. And whats not to love? This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. Stonelick Hills will always be different, you have my word. . Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. We care about the protection of your data. Our award-winning food is what sets us apart from all other sandwich chains and we believe our customers can taste the difference. .pw_map_canvas img { It was in my blood, he tells The CEO Magazine. Ge Profile Pvd28bynfs Review, 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. 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. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. max-width: none; The concept for an East Coast sub restaurant came to Jeff Osterfeld soon after he graduated from Miami University in Oxford, Ohio. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. 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. On this Wikipedia the language links are at the top of the page across from the article title. In the end, ultimately, its about that. Just three short years later, he sold his first Penn Station franchise in 1988. We protect their interests within our franchise system. As you decide if opening a Penn Station East Coast Subs franchise is for you, make sure you take time to explore the opportunity. Its essentially a distribution system, he says. We went from 60 per cent carryout to 95 per cent carryout. So we went that way, and weve been growing ever since. About 2,000. That's fun. In 1985, Osterfeld used his expertise to bring his ideas to life by opening his first restaurant in Cincinnati, Ohio. A pragmatist if you will. We are well on our way! So its a partnership, and I believe weve put our money where our mouth is in that regard. height: 1em !important; . Jeff frequently sets a tone for the company and its leadership by making well-informed decisions that protect the business and its franchisees from spending unnecessary costs. That's the perfectionist in me looking at things I've done out there, said Osterfeld. The golf course isn't really for profit, but rather a hobby. But the perception of Penn Stations portability in consumers minds was such that business boomed. If you are passionate about our brand and committed to operational excellence and fantastic customer service, a Penn Station franchise may be right for you. Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus A strong platform: Jeff Osterfeld Good ideas often come at the least expected times. Or theyll soak in the stainless steel hot tub after a pleasant meal in the outdoor dining room. Its a bit of walk a mile in my shoes, he points out. The Osterfelds started their castle by buying two lots on the point and then adding another 10 acres to protect their privacy. In Part I Jeff tells us about his background and the story of how he founded Penn Station. Jeffs journey began with the deli he opened right after college in 1985 in Dayton, Ohio. 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. Jeff took his innovative ideas on quick service dining to downtown Cincinnati where he opened his first Penn Station Restaurant in 1985. 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