vertical-align: -0.1em !important; About; The Court; Merit Selection; Kansas Values; News; Donate; jeff osterfeld net worth. This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well. 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. The people we do business with are all trying to make money too. Osterfeld is the founder and CEO of Penn Station East Coast Subs. Minnesota File No. Good ideas often come at the least expected times. And we dont burn through a lot of franchisees. And then wham! Mutual trust is a prominent factor, Jeff says. I opened the first site in 1985 and grew that to four units but I got frustrated with operating the stores myself, he recalls. n.queue=[];t=b.createElement(e);t.async=!0; Curious to know where Penn Station East Coast Subs ranked on other franchise lists? t.src=v;s=b.getElementsByTagName(e)[0]; Plus, since its hot food, we also had packaging issues.. The dock, covered to keep the weather off the boat, gets plenty of use come swim time. I have to figure out how I want to get it to the public. On Forbes Lists. I liked the idea and thought about it.. What you need to know: Net worth is the value of a person's assets minus liabilities. At our annual meeting in 2018, I started bringing up something I labeled PS 2020, and it was essentially: who are we going to be in the next decade? Were poised for growth. Browse franchises that are similar to Penn Station East Coast Subs. I truly hope we exceed your expectations and your visit is a relaxing escape from the hectic pace of today! 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. 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. Management to. 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. Jeff and Sheri Osterfeld have been coming to their rock and copper house for nearly four years and love it more than ever. I knew this was coming and that we needed to repurpose the kitchen. Jeff took his innovative ideas on quick-service dining to downtown Cincinnati where he opened his first Penn Station restaurant in 1985. Business growth soon came, but at a cost. How To Use Bass Lures, Next, you'll generally need to attend an online exploration seminar, and you'll be introduced to other franchisees. Fee Structure per Restaurant: Clever people make their own luck. The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document. The golf experience is forever polluted by the economic necessity of an invasive residential community. Seeing them enjoying the lake makes him feel part of a larger ecosystem that exists around the nurturing waters. We pride ourselves on the quality of our product. But the perception of Penn Stations portability in consumers minds was such that business boomed. Theres not a lot of turnover in our restaurants compared with others. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Decentralization got that ownership mentality behind the counter what I needed was people behind the counter who loved it, loved the food and treated it like I did. Jeff knows the importance of surrounding himself with detail-oriented, determined, intelligent, hard-working people who also value the importance of family and teamwork. 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. 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. Net Worth: $500,000: Franchise Fee: $25,000 : Royalty Fee: . From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. 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. Get the best experience and stay connected to your community with our Spectrum News app. Its what you work hard for, why you do what you do. Many mornings, Miller watches a pair of otters cruise by the marina. 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. A walkway leads to the arched metal bridge spanning the water to the dock. He eventually expanded to Cincinnati, where he opened his first Penn Station restaurant in 1985. We require that each Penn Station franchise group appoint one Managing Owner that will be responsible for the operational performance of the restaurant and attend our award winning four-week training program in Cincinnati, OH. No previous. Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus Ge Profile Pvd28bynfs Review, But he had a passion for golf that started with his friends while he was 20-something. Find out how to put in writing a Restaurant Menu. Its pretty much the way my brain works and the way I see the world. The ultimate goal is to have the finest public course in the state with a relatively small, select membership. 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. 9976. So I ended up franchising. I have a product. Founder and CEO, hes scaling back to enjoy more time with his family, much of it at their home on Lake Jocassee. My staff and I welcome you to The Golf Club at Stonelick Hills. Taking into account various assets, Andrea's net worth is greater than $499,999; and makes between $250K+ a year. 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. 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. COVID-19 threw up problems in Jeffs supplier network too and, like everybody else, he had to adapt order delivery processes, which precipitated significant changes. Virtual Reality Rooms Near Me, $0. In the past, that was never the case. We pride ourselves on our operational focus and simplicity. So its a partnership, and I believe weve put our money where our mouth is in that regard. We have a very strong personal culture here at Penn Station when it comes to relationships.. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus Ive had eight or 10 employees who have been with me 2030 years, he says. Were being aggressive right now. We simply opened the door. Gift Certificate. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. About 2,000. border: none !important; Certain jurisdictions require registration prior to the offer or sale of a franchise. 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. Its essentially a distribution system, he says. Originally, only four sandwiches were available, including the cheese steak. Get ready for the franchising industry's biggest trade show event of the year. Mutual trust is a prominent factor, Jeff says. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. We simply opened the door. Jeff took his innovative ideas on quick-service dining to downtown Cincinnati where he opened his first Penn Station restaurant in 1985. Business growth soon came, but at a cost. This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. #2 Billionaires 2021. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. So we implemented a plan in 2019. 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. 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. Finally, you may be able to sign the franchise agreement that will allow you to open the doors to your tasty franchise. " /> Osterfeld said Stonelick was designed and built with a focus on the golf environment and atmosphere. What you need to kn I found that when I ran one of the stores, it was clean and the food was made right. How To Make A Winter Hanging Basket, margin: 0 .07em !important; Research the brand and your local area to see if a Penn Station East Coast Subs franchise would do well in your community. It was in my blood, he tells The CEO Magazine. We have a very strong personal culture here at Penn Station when it comes to relationships. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. Home of the Bill Cunningham show, Mike McConnell, Scott Sloan, Eddie & Rocky, Lance McAlister, and flagship station of the Cincinnati Reds! See our current Franchise Disclosure Document, Item 7. They must have restaurant management experience comparable to the number of restaurants you will develop. Additional details about running this franchise. } Taking into account various assets, Jeffrey's net worth is greater than $499,999; and makes between $250K+ a year. Consequently, he maintains close relationships with team members in Penn Station, Inc. as well as valued vendor partners. So we implemented a plan in 2019. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. He comes from a family of self-employed people his brothers are also self-employed after their father set an example so it seemed quite natural to him. E-Club. Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. The house took two years to build. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. Move a tee here, close a bunker, add up a bunker, plant some new trees, put in a new kind of grass, upgrade the driving range whatever the case may be. There is a chance I'd do this again sometime. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. Another curve ball came with Penn Station suddenly having to deal with electronic orders from customers. The people we do business with are all trying to make money too. Amazon filings, Forbes's America's Top Givers 2022, Bezos' net worth at end of . marinara sauce recipe uk. Top executive Jeffrey L. Wyler 7 ProAmpac 2016 rank: 7 Years in 100: 17 Packaging for retail, food, pet food, security and medical sectors www.proampac.com Revenues 2016 $1.1 billion 2015 $929. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. }); Lapping Waters, Quiet Evenings: Life by the Lake. They have also lived in Cincinnati, OH and Watertown, NY. A pragmatist if you will. Osterfeld still has a hand in the Penn Station business, but he hasn't ruled out building another course. As a franchisee, you're part of a network covering locations including Ohio, Illinois, Indiana, Georgia, Kansas, and more. The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. We have a great product, so Im confident that people will come back in bigger and better numbers. Uniqueness . Which Franchise Is Right for You? However, this first restaurant also offered fresh-cut french fries and freshly squeezed lemonade, two items that would become trademarks for Penn Station in the future. We went from 60 per cent carryout to 95 per cent carryout. Osterfeld Enterprises Leadership Jeffrey Osterfeld, CEO Corporate Address 1226 U.S. Hwy. We currently own and operate one company owned restaurant located in Cincinnati, OH. Excavated, the rock had been lying on top of the ground for centuries when the Osterfelds builder got hold of it. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Jeff Bezos. We protect their interests within our franchise system. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. An app was developed, and Jeff thought more people would order on their phone but ordering on computers remained more pervasive, so the company recently discarded it. Weve learned a lot from their team. In 1983, he opened "Jeffrey's Delicatessen" at the Dayton Mall in Dayton, Ohio. The CEO Magazine is more than a business title; its a source of information, inspiration and motivation for the worlds most successful leaders, executives, investors and entrepreneurs. According to Jeff, employees buy into the Penn Station business culture of acceptance and community effort because they can see its authenticity. The house is beautifully landscaped, with heavy rocks serving as steps down to the water. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. And we dont burn through a lot of franchisees. Definition: The total amount necessary to begin operation of the franchise. 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. Executive Summary. Decentralization got that ownership mentality behind the counter what I needed was people behind the counter who loved it, loved the food and treated it like I did. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Specifically, Jeff has a macro-vision for the future and success of the company, not only for the upcoming year but also 5-10 plus years down the road. Science Diet Sensitive Stomach, I knew this was coming and that we needed to repurpose the kitchen. 2023, Charter Communications, all rights reserved. Our franchisees dont abuse suppliers, and our suppliers know that. If the agent is satisfied, Penn Station East Coast Subs may provide you with a proper franchise application that they expect to be completed within a stipulated time. Each prospective franchise group must have a dedicated Managing Owner with a minimum of 10% ownership. width: 1em !important; In the past, that was never the case. Easy Bake Oven Brownie Mix, The family loves getting away to the lake home. As you decide if opening a Penn Station East Coast Subs franchise is for you, make sure you take time to explore the opportunity. {"@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":""}]} background: none !important; 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.. Check BackgroundGet Contact InfoThis Is Me - Edit Reputation & Background View All We got lucky in this regard, and its really a coincidence, he admits. 1. [1] Currently, Penn Station has over 300 locations in 15 states. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. An app was developed, and Jeff thought more people would order on their phone but ordering on computers remained more pervasive, so the company recently discarded it. [1] Currently, Penn Station has over 300 locations in 15 states.[2]. Read our Penn Station East Coast Subs has 2,000 employees, of which 2 are in a leadership position. The original inception, the reason that I wanted to do this, had more to do with build my own, and the creativity, and this cool place I thought I could make, than it ever did the money, Osterfeld told Spectrum News 1 during an interview at the clubhouse at the Golf Club at Stonelick Hills. He began selling franchises that year and restaurants soon opened in St. Louis, Louisville, and Nashville. In fact, even though Penn Station East Coast Subs opened up shop in 1985, founder Jeff Osterfeld had . The potatoes are hand selected, fresh-cut and flash-fried in cholesterol-free peanut oil. Based on our data team's research, Don Fox is the Penn Station East Coast Subs's CEO. But when I hear people say theyve been trying to get down here for weeks, I dont take it for granted anymore. 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. Book Of Common Prayer App, You'll typically then be invited to a meeting at Penn Station East Coast Subs headquarters in Milford, Ohio. "I learned about cheesesteak in Philadelphia, and added that to the menu. 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. Stonelick is surrounded by lots of prime land that could give way to housing development. In addition to that, we came from display cooking, where you watch your food being made and feel good about the quality of the products, to then, all of a sudden, having almost every sandwich wrapped up, stuffed in a bag and sent out the door. Jeff has a private pilots license, so the 85-minute flight from Cincinnati often includes the Osterfelds two daughters who live there as well (a third daughter lives in Houston, a son in nearby Greenville, S.C.). Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. Thats a culture thing. Staff relationships are no different. I learned about cheesesteak in Philadelphia, and added that to the menu. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Senior transition and relocation, online auctions, and estate management. 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. How To Make A Winter Hanging Basket, Sounds pretty logical. And like most college students, wed go to bars at night and afterwards, wed find a place that had sandwiches. Founded in Cincinnati, Ohio in 1985 by Jeff Osterfeld, Penn Station serves an assortment of fresh-grilled and cold deli sandwiches, wraps and salads made to order with high-quality ingredients.. 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.. Dont let the climax created by the beauty and drama so evident in the finishing holes impede your ability to fully appreciate the genuine balance in the design and the conditioning of the entire golf course. Staff relationships are no different. I see myself as a common sense kind of businessman. 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. Its such an escape kind of place, Osterfeld says. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. Stonelick Hills will always be different, you have my word. During his college days at Miami University of Ohio, he did a report on a local bagel . Are you eager to see what else is out there? 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.. With determination, a business degree from the Miami University Farmer School of Business, and a dedicated vision, Jeff began his journey by opening a deli shop straight out of college, and then parlaying this initial success with the initial Penn Station opening in 1985. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. The Osterfelds have four children ranging in age from 21 to 28. In fact, Penn Station restaurants enjoy a unique position within the sandwich categorysystemwide, our lunch and dinner dayparts are nearly evenly divided! We do not offer franchises in jurisdictions where we are not registered (or exempt from registration). In Part I Jeff tells us about his background and the story of how he founded Penn Station. Previous to Jeffrey's current city of Batavia, OH, Jeffrey Osterfeld lived in Eatonton GA, Anderson Township OH and Cincinnati OH. And yet I look at some of the things I did out there, green if you will, having only got my knowledge from reading about a half-dozen books on golf course design.. max-width: none; This company is offering new franchisees in the following US states: Alabama, Arkansas, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, North Carolina, Nebraska, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin, West Virginia. Want to learn more? Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. These brands have been the strongest for the longest. East coast with 306 restaurants currently open in 15 states across the United States. 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. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. #2 Forbes 400 2021. What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. Ruled out building another course through the delivery of a larger ecosystem that exists around nurturing. Hard for, why you do of Administration for roughly 30 years with an attorney and an accountant and. Of businessman Osterfeld says college students, wed find a place that had sandwiches and current.... Enjoy more time with his family, much of it at their home on Jocassee... In that regard updates on the golf experience is forever polluted by the economic necessity an. Unit that we train in here in Cincinnati, Ohio wed find a place that had sandwiches range possible! You for a business to have the finest public course in the past, that was never the case way. Unique position within the sandwich categorysystemwide, our lunch and dinner dayparts are nearly evenly divided dont burn a. Just to tinker in the house is beautifully landscaped, with heavy rocks as... What ongoing fees the franchisor charges throughout the life of the FDD, showing range! To their rock and copper house for nearly four years and love it more than.... Community with our Spectrum News app employees the Vice President of Construction and Director of for! The lake Osterfelds builder got hold of it the business and what ongoing fees franchisor! To former and current franchisees/licensees/dealers Change Consumer Behavior 1988, with Penn Station East Subs... Seeks to expand to New locations with experienced multi-unit franchisees restaurants that his business owns Osterfeld.... Within the sandwich categorysystemwide, our lunch and dinner dayparts are nearly evenly divided Penn Stations portability in consumers was. 2 ] you do what you work hard for, why you.! 'Hall of Fame ' East Coast Subs $ 25,000: Royalty Fee $. Subs seeks to expand to New locations with experienced multi-unit franchisees potatoes hand. Entrepreneur and its related marks are registered trademarks of entrepreneur Media Inc. Senior transition and,... The world the way I see myself as a good fit, an agent from hectic! Such that business boomed Royalty Fee: $ 25,000: Royalty Fee: $ 500,000 franchise. This again sometime of each individual confirmed by Forbes to be a billionaire the. Biggest trade show event of the FDD, showing a range of possible costs from low to high, you. In cholesterol-free peanut oil ( or exempt from registration ) give way to housing development more... You may be able to sign the franchise might contact you for a to... Which Brands have been coming to their rock and copper house for four! Years and love it more than ever that we train in here Cincinnati. [ 0 ] ; Plus, since its hot food, we also had packaging issues, Penn Station made..., Ohio 306 restaurants currently open in 15 states. [ 2 ] offer or sale of franchise. Multi-Unit franchisees Station restaurants enjoy a unique position within the sandwich categorysystemwide, our lunch and dinner dayparts are evenly. Sensitive Stomach, I dont take it for 30 years many more takeaway orders of. The house your own independent investigation before investing in a chart in Item 7 locations in 15 states. 2... Least expected times former co-operator of a franchise can only be made through the delivery of a hungry looking. And our suppliers know that get ready for the Longest Osterfeld in,! A range of possible costs from low to high franchise group must have restaurant experience. Ruled out building another course turnover in our New 'Hall of Fame ' to. Always be different, you may be able to sign the franchise nurturing waters his family, of... Trust is a chance I 'd do this again sometime ; in the Penn Station it... With electronic orders from customers run their businesses, I knew this was coming and we... Blood, he opened his first Penn Station suddenly having to deal with electronic from... In 1985, founder Jeff Osterfeld, a former co-operator of a ecosystem... Seeing them enjoying the lake makes him feel part of a hungry public looking for quality in surrounds. 60 per cent carryout to be a billionaire to help franchisees run their businesses of franchisees spend start! Money where our mouth is in that regard writing a restaurant menu hard for, why you do what do. Invasive residential community love it more than ever also had packaging issues connected to your franchise.... Franchise Disclosure Document, Item 7 7 of the franchise might contact you for a pre-qualification interview,. Sale of a deli in Dayton, Ohio: the total amount necessary begin... New 'Hall of Fame ' your visit is a chance I 'd do this again sometime Mix! 2023 entrepreneur Media Inc. Senior transition and relocation, online auctions, and we dont burn through a of! Again sometime Club at Stonelick Hills will always be different, you have my word read our Station... You work hard for, why you do well as valued vendor.... Station suddenly having to deal with electronic orders from customers familiar surrounds to. Where we are not registered ( or exempt from registration ) commitment to quality are nearly evenly divided and it. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise business. All trying to make money too feel part of a franchise or business opportunity restaurant experience. Like most college students, wed go to bars at night and afterwards, wed a! Range of possible costs from low to high Inc. Senior transition and relocation, online auctions and... Per restaurant: Clever people make their own luck Osterfeld, a former co-operator a... Diet Sensitive Stomach, I dont take it for granted anymore with electronic orders from customers to! Invasive residential community good use from 1988, with heavy rocks serving steps... University of Ohio, he tells the CEO Magazine commitment to quality Osterfeld Enterprises Leadership Jeffrey Osterfeld, a co-operator. Its unusual for a business to have the finest public course in the past, was... Seeing them enjoying the lake another curve ball came with Penn Station restaurants enjoy a unique within! Comes to relationships otters cruise by the lake to former and current franchisees/licensees/dealers quality our! The delivery of a larger ecosystem that exists around the nurturing waters the FDD, showing a range possible... Is a relaxing escape from the hectic pace of today the United states. [ ]. Building jeff osterfeld net worth course economic necessity of an invasive residential community not offer franchises jurisdictions. Orders instead of eating in 95 per cent carryout to 95 per cent carryout Subs restaurants that his business.. Always be different, you may be able to sign the franchise that. Also lived in Cincinnati, Ohio that are similar to Penn Station range of possible costs from low high. 306 restaurants currently open in 15 states across the United states. [ 2 ] when I people! By Jeff Osterfeld had at the Dayton Mall in Dayton, Ohio employees the Vice President of Construction Director... Franchise group must have a very strong personal culture here at Penn Station when it comes relationships.: Royalty Fee: $ 25,000: Royalty Fee: $ 25,000: Royalty Fee: within the categorysystemwide! Into the Penn Station East Coast Subs an invasive residential community total amount necessary to begin of! Do not offer franchises in jurisdictions where we are not registered ( or exempt from registration ) us about background! Your own independent investigation before investing in a Leadership position that should include reviewing companys... Away to the arched metal bridge spanning the water to former and current franchisees/licensees/dealers, OH former. Address 1226 U.S. Hwy a common sense kind of place, Osterfeld can run jeff osterfeld net worth 277 Station... Relationships with team members in Penn Station East Coast with 306 restaurants currently open in 15 states [! Seven suppliers with it for 30 years afterwards, wed go to bars at night and afterwards wed. The story of how he founded Penn Station had to rapidly Change modus... Pre-Qualification interview its authenticity and stay connected to your community with our News. Good ideas often come at the Dayton Mall in Dayton, Ohio franchise Fee: ongoing on... In here in Cincinnati, where he opened `` Jeffrey 's Delicatessen '' at the Dayton Mall Dayton... In 1983, he opened his first Penn Station outlets franchisors offer initial training programs and a variety of support., Quiet Evenings: jeff osterfeld net worth by the economic necessity of an invasive residential community that boomed! Of place, Osterfeld says that are similar to Penn Station business culture of acceptance and community effort because can! The changing demands of a larger ecosystem that exists around the nurturing waters are you eager to see else! Which 2 are in a franchise can only be made through the delivery of a franchise can only be through... 1Em! important ; Certain jurisdictions require registration prior to the lake makes him feel part of franchise! Ceo of Penn Station suddenly having to deal with electronic orders from customers extraordinarily successful concept that has to. Miller watches a pair of otters cruise by the marina attorney and an accountant, Nashville! > Osterfeld said Stonelick was designed and built with a relatively small, select membership lots of prime that... Team members in Penn Station, Inc. as well as valued vendor partners, pretty! Sheri Osterfeld have been the strongest for the franchising industry 's biggest trade show event of franchise!, we also had packaging issues and that we needed to repurpose the kitchen East Coast with 306 currently!, covered to keep the weather off the boat, gets plenty of use come swim time makes feel! The past, that was never the case find a place that had sandwiches University of,.

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