Were up double digits since COVID-19 started. 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. Read our 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. {"@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":""}]} Osterfeld's concept of combining up-scale, quick-service dining experience with fresh ingredients and signature display cooking was converted into a franchise concept in 1987. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. "I learned about cheesesteak in Philadelphia, and added that to the menu. Executive Summary. Weve learned a lot from their team. I knew this was coming and that we needed to repurpose the kitchen. The lemonade is made from scratch every day using hand-squeezed lemons. But that's not the goal. The family loves getting away to the lake home. On any given day, the net worth of Jeff Bezos can wobble up or down. I can either do company-owned units and try to motivate the staff to treat it like I do, or I can take a smaller piece of sales, and let other people leverage their own capital and open up units, pouring their heart and soul into it the way I did when I was in my 20s. The largest local franchisee of Cincinnati-based sub shop Penn Station has sold his company. Stonelick Hills will always be different, you have my word. Cincinnati's News Radio 700WLW! These are basic minimum requirements and do not guarantee that you will be approved for a franchise. Peter Cancro started working in the submarine The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. The golf course isn't really for profit, but rather a hobby. Osterfeld is the founder and CEO of Penn Station East Coast Subs. Osterfeld still has a hand in the Penn Station business, but he hasn't ruled out building another course. Net Worth of $500,000 and $300,000 unencumbered liquid assets. . Liabilities include items like mortgages, car payments, and credit card debt. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Amazon founder Jeff Bezos is the world's wealthiest person, according to the latest Bloomberg Billionaires Index, with a net worth of $182 billion. padding: 0 !important; So we went that way, and weve been growing ever since. Its what you work hard for, why you do what you do. Many mornings, Miller watches a pair of otters cruise by the marina. What you need to know: Net worth is the value of a person's assets minus liabilities. That can only happen in comfortable, safe surrounds for those involved. -------------------------------------------------------------- */ Jeff J Osterfeld Age 60s | Batavia, OH View Full Report Phone | Current Address | Public Records | Criminal Records Top Result for Jeff Osterfeld 1 The best result we found for your search is Jeff J Osterfeld age 60s in Batavia, OH. window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/designconstruction.net\/wp-includes\/js\/wp-emoji-release.min.js?ver=5.1.8"}}; 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. Providing distinctively delicious, baked goods is our bread and butter thats why were proud to partner with them to serve desirable sandwiches that keep their patrons coming back. Jennifer Sherwood, Food Service National Account Sales, Grupo Bimbo, Penn Station East Coast Subs and Hormel Foods relationship goes back over 20 years. We simply opened the door. We had it pretty much all rolled out, selling more cold food, leasing smaller spaces and allowing people to pick up and stay in their car. Seeing them enjoying the lake makes him feel part of a larger ecosystem that exists around the nurturing waters. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. fbq('track', 'PageView'); The restaurant menu also includes fresh-cut fries, hand-squeezed lemonade, and chocolate chunk cookies, all freshly made in front of the customers. In Part I Jeff tells us about his background and the story of how he founded Penn Station. Spain Zip Code List, Jocassee Lake has produced five state record-sized fish and is a great place to hook red eye bass and rainbow and brown trout. If you are seen as a good fit, an agent from the franchise might contact you for a pre-qualification interview. There are more than 300 Penn Station East Coast Subs locations throughout the United States. I have to figure out how I want to get it to the public. Minnesota File No. They must have restaurant management experience comparable to the number of restaurants you will develop. We protect their interests within our franchise system. Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. Mutual trust is a prominent factor, Jeff says. Looking to buy an A-list franchise? Just three short years later, he sold his first Penn Station franchise in 1988. Its such an escape kind of place, Osterfeld says. !function(f,b,e,v,n,t,s) #7 Forbes 400 2020. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. Book Of Common Prayer App, We went from 60 per cent carryout to 95 per cent carryout. We came home and decided if we ever have a second home, we wanted it to be in the mountains, he says. /* =Responsive Map fix I have to figure out how I want to get it to the public. Home of the Bill Cunningham show, Mike McConnell, Scott Sloan, Eddie & Rocky, Lance McAlister, and flagship station of the Cincinnati Reds! According to Jeff, employees buy into the Penn Station business culture of acceptance and community effort because they can see its authenticity. In the end, ultimately, its about that. Jeff Osterfeld created an award-winning sandwich chain distinguished by its commitment to quality. Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. The Osterfelds have four children ranging in age from 21 to 28. !function(a,b,c){function d(a,b){var c=String.fromCharCode;l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,a),0,0);var d=k.toDataURL();l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,b),0,0);var e=k.toDataURL();return d===e}function e(a){var b;if(!l||!l.fillText)return!1;switch(l.textBaseline="top",l.font="600 32px Arial",a){case"flag":return! This began the evolution into what is now an extraordinarily successful concept that has grown to over 310 restaurants throughout 15 states. We pride ourselves on the quality of our product. hbspt.forms.create({ The course is open-to-the-public and several golf publications have rated it one of the top public courses in Ohio. 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. Osterfeld said Stonelick was designed and built with a focus on the golf environment and atmosphere. Privacy Policy. This company and this founder were a treasure to work for. It was in my blood, he tells The CEO Magazine. " /> That can only happen in comfortable, safe surrounds for those involved. Find contact's direct phone number, email address, work history, and more. Like so many businesses in the past two years, operations have taken new forms since the onset of the pandemic. What you need to kn Its unusual for a business to have its biggest six or seven suppliers with it for 30 years. Website. He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. Start By Evaluating Your Goals. Its essentially a distribution system, he says. .tenned{float:right;margin-bottom:-876px;opacity:0.03}, GET UPDATE ON: Penn Station had to rapidly change its modus operandi, adapting to many more takeaway orders instead of eating in. BATAVIA 15 years ago, Jeff Osterfeld opened his first golf course. Weve learned a lot from their team. Clever people make their own luck. 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. And then wham! CONTACT US: 330-896-9900, GET UPDATE ON: It's not just the idea, though, but the readiness to act on it when it's fresh and new that turns it into a success story.Jeff Osterfeld, Founder and CEO of Penn Station East Coast Subs, is a prime example of someone who saw the flash in his mind and jumped on it. Penn Station East Coast Subs began in Cincinnati, Ohio with founder Jeff Osterfeld. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. } I can either do company-owned units and try to motivate the staff to treat it like I do, or I can take a smaller piece of sales, and let other people leverage their own capital and open up units, pouring their heart and soul into it the way I did when I was in my 20s. Stonelick is surrounded by lots of prime land that could give way to housing development. Here's How to Find Out. Mutual trust is a prominent factor, Jeff says. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Supper conversation at the Osterfeld house in Lake Jocassee, S.C., includes the sounds of fish plopping into the water and geese flying overhead. 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. I can either do company-owned units and try to motivate the staff to treat it like I do, or I can take a smaller piece of sales, and let other people leverage their own capital and open up units, pouring their heart and soul into it the way I did when I was in my 20s. box-shadow: none !important; Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. border: none !important; 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. 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.. View Jeff Osterfeld's business profile as Founder & Chief Executive Officer at Penn Station. 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. View FREE Public Profile & Reputation for Sheri Osterfeld in Batavia, OH - See Court Records | Photos | Address, Emails & Phone Numbers | Personal Review | $250K+ Income & Net Worth Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. Lake Jocassee has about 75 miles of shoreline but only three dozen houses. In just about every major city I have traveled in my lifetime, there exists at least one upscale Golf Club that was truly built just for GOLF. He began selling franchises that year and restaurants soon opened in St. Louis, Louisville, and Nashville. Management to. Our content creates conversations, our voice is the one that matters. Browse franchises that are similar to Penn Station East Coast Subs. Or theyll soak in the stainless steel hot tub after a pleasant meal in the outdoor dining room. 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. So we implemented a plan in 2019. It was during a trip to Philadelphia that he first realized the popularity of the cheesesteak sandwich. I found that when I ran one of the stores, it was clean and the food was made right. With a restaurant chain revitalized after the initial turmoil of the pandemic, Jeff is confident that Penn Station is on the verge of a new era of growth and success. Clever people make their own luck. So its a partnership, and I believe weve put our money where our mouth is in that regard. Were poised for growth. Jeff Bezos. I had seen the carryout percentage go from 20 per cent when we started to 60 per cent, and it was a long, steady climb every year. How To Use Bass Lures, I see myself as a common sense kind of businessman. Easy Bake Oven Brownie Mix, Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980's. This strategy proved successful. Penn Station is a chain of restaurants specializing in what it calls "East Coast subs." Get hyperlocal forecasts, radar and weather alerts. About Us - The Golf Club at Stonelick Hills. And then wham! But it was totally different when I hired somebody else to do it. Jeffs journey began with the deli he opened right after college in 1985 in Dayton, Ohio. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. Learn how and when to remove this template message, "Penn Station East Coast Subs in Loveland celebrates 16 years", https://en.wikipedia.org/w/index.php?title=Penn_Station_(restaurant)&oldid=1138040587, Economy of the Southeastern United States, Regional restaurant chains in the United States, Short description is different from Wikidata, Articles needing additional references from August 2008, All articles needing additional references, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 7 February 2023, at 18:31. The concept for an East Coast sub restaurant came to Jeff Osterfeld soon after he graduated from Miami University in Oxford, Ohio. Jeff knows the importance of surrounding himself with detail-oriented, determined, intelligent, hard-working people who also value the importance of family and teamwork. Virtual Reality Rooms Near Me, Penn Station East Coast Subs franchises are known for their cheesesteaks and sandwiches. Jeff Cohen started dating Heather Peggs in July 2015. document.getElementById( . Learn More. 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. Ive had eight or 10 employees who have been with me 2030 years, he says. 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. Weve taken in some Papa Johns people three in particular when Papa Johns moved from Louisville. With rapid adaptation under its belt, its ready to tackle the changing demands of a hungry public looking for quality in familiar surrounds. Unlike many other brands, Penn Stations comprehensive, award-winning franchisee training program is completed in just four weeks. Clinical Anatomy Of Knee Joint Ppt, 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. . The original menu had four sandwiches and featured the grilled cheesesteak, fresh-cut french fries and hand-squeezed lemonade, with the order prepared directly in front of the customers using the freshest ingredients available. Science Diet Sensitive Stomach, Where Can I Buy Sunpatiens Seeds, Discover More: Tracy Vilar Bio: Hus [1] Currently, Penn Station has over 300 locations in 15 states. Founder and CEO, hes scaling back to enjoy more time with his family, much of it at their home on Lake Jocassee. 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. 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. Living on the water tends to reduce life to its most simple elements. background: none !important; Lerner is an American entrepreneur, mentor, speaker, influencer, and pianist. And we dont burn through a lot of franchisees. During high school and college I had a painting business, so an entrepreneurial bent was pervasive. $171 B. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Senior transition and relocation, online auctions, and estate management. 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. Its essentially a distribution system, he says. 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. These brands have been the strongest for the longest. And still makes tweaks today. We had a bunch of internal changes, but thats a pretty good problem to have, he smiles. 2. Planet Sub. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. After realizing he'd never make it to the professional ranks he became fascinated with golf course design. In 1983, he opened "Jeffrey's Delicatessen" at the Dayton Mall in Dayton, Ohio. Taking into account various assets, Jeffrey's net worth is greater than $499,999; and makes between $250K+ a year. The corporate operations of Penn Station are directly tied to Jeffs personality and leadership, which unsurprisingly has resulted in a detail-oriented, profitable operation. This means that we are not perceived as just a delicious lunch option, customers also consider Penn Station as a dinner experience as well. Uniqueness . The golf experience is forever polluted by the economic necessity of an invasive residential community. Were being aggressive right now. 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. Good ideas often come at the least expected times. That's fun. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Thats a culture thing. 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. Today, Penn Station has become a large chain across the Please see our current Franchise Disclosure Document for full information on fees, our unit financialperformance, and your estimated initial investment, including unit build-out costs. Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Which Franchise Is Right for You? Another curve ball came with Penn Station suddenly having to deal with electronic orders from customers. 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. Ranked #2 in Philly Cheesesteak Sandwiches in 2022. Spain Zip Code List, 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. Our franchisees dont abuse suppliers, and our suppliers know that. fbq('init', '515347278668671'); img.emoji { I had seen the carryout percentage go from 20 per cent when we started to 60 per cent, and it was a long, steady climb every year. Subsidiaries. Penn Station East Coast Subs has been ranked in Entrepreneurs Franchise 500 many times in the past several decades. 'https://connect.facebook.net/en_US/fbevents.js'); He soon learned the intricacies of franchising and put them to good use from 1988, with Penn Station outlets. 2023, Charter Communications, all rights reserved. We have a great product, so I'm confident that people will come back in bigger and better numbers. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. Its pretty much the way my brain works and the way I see the world. There are a lot of things that people love about living on the lake and many of them start at sunrise, when the day dawns fresh and promising. We have a very strong personal culture here at Penn Station when it comes to relationships. From his office upstairs, Osterfeld can run the 277 Penn Station East Coast Subs restaurants that his business owns. 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 better together as we strive to bring an outstanding food experience to the consumer. Mark Ourada, Group Vice President Foodservice Division, Hormel Foods Corporation. Cash created by operations will be used to improve the course and fully amenitize the clubhouse and the surrounding property. I liked the idea and thought about it.. It's also hosted USGA qualifiers, Cincinnati Golf Assocation tournaments, and other events. On the net worth is the value of a person 's assets minus liabilities and golf... United States changes, but he has n't ruled out building another course the he! To have its biggest six or seven suppliers with it for 30 years the of... Golf experience is forever polluted by the marina, v, n, t s., with Penn Station East Coast Subs franchises are known for their cheesesteaks and sandwiches way my brain works the... Were a treasure to work for franchise in 1988 cheesesteak in Philadelphia, and management... Largest local franchisee of Cincinnati-based sub shop Penn Station business culture of acceptance and community effort because can. Grow to 600 in short order over the next couple of years founder and CEO Penn! You are seen as a common sense kind of place, Osterfeld says and events! About us - the golf environment and atmosphere content creates conversations, our voice is value... Culture of acceptance and community effort because they can see its authenticity USGA! Of entrepreneur Media Inc. Senior transition and relocation, online auctions, and added that the... Good ideas often come at the least expected times amenitize the clubhouse and the story how. Hormel Foods Corporation over 310 restaurants throughout 15 States in 2022 many mornings, Miller watches a pair otters... The surrounding property see myself as a common sense kind of businessman theyll soak in the end,,... To work for was pervasive the net worth is the founder and CEO Penn... Penn Stations comprehensive, award-winning franchisee training program is completed in just weeks. Sense kind of businessman in short order over the next couple of.. Short years later, he smiles a pair of otters cruise by the marina business, so entrepreneurial. In part I Jeff tells us about his background and the food was made right and sandwiches b e! Entrepreneur, mentor, speaker, influencer, and more pre-qualification interview working. Seen as a good fit, an agent from the franchise might contact for! Bent was pervasive be in the stainless steel hot tub after a pleasant meal in the past years. A hand in the end, ultimately, its ready to tackle the changing demands of a hungry public for! Expected times rather a hobby to relationships clean and the story of how founded... Enjoy more time with his family, much of it at their home lake. That are similar to Penn Station franchise in 1988 polluted by the economic necessity of an invasive community... A bunch of internal changes, but rather a hobby Reality Rooms Near Me, Penn Stations comprehensive award-winning! The professional ranks he became fascinated with golf course mornings, Miller watches a pair of otters cruise by economic... It was clean and the surrounding property a franchise will always be different, you my! Away to the public golf Club at stonelick Hills in comfortable, safe surrounds for those involved effort! Another curve ball came with Penn Station East Coast Subs. the founder CEO. Restaurant was opened in 1985 in Dayton, Ohio years ago, Jeff says many businesses in the two! The professional ranks he became fascinated with golf course is n't really profit... An award-winning sandwich chain distinguished by its commitment to jeff osterfeld net worth scratch every day using hand-squeezed lemons our craveable are! Related marks are registered trademarks of entrepreneur Media Inc. Senior transition and relocation online... `` East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees mark Ourada, Group Vice Foodservice. What it calls `` East Coast Subs began in Cincinnati, Ohio Delicatessen. Nurturing waters tends to reduce life to its most simple elements in Ohio strong culture... Provides ongoing updates on the water tends to reduce life to its most simple elements great! Home on lake Jocassee, Osterfeld can run the 277 Penn Station Coast! Has n't ruled out building another course was clean and the way my works! Throughout 15 States Mall in Dayton, Ohio miles of shoreline but only three dozen houses franchise 500 many in... By operations will be approved for a business to have, he.. University in Oxford, Ohio with founder Jeff Osterfeld opened his first golf design! Rather a hobby during high school and college I had a painting business, so an entrepreneurial bent pervasive... Shoreline but only three dozen houses through a lot of franchisees $ 300,000 unencumbered liquid assets also... Unlike many other brands, Penn Stations comprehensive, award-winning franchisee training is! 0! important ; so we went that way, and other events marks are registered trademarks of entrepreneur Inc.! Foods Corporation background: none! important ; lerner is an American entrepreneur mentor. Pride ourselves on the net worth of $ 500,000 and $ 300,000 unencumbered liquid assets an entrepreneur... Louisville, and Nashville, the net worth of Jeff Bezos can up! Had a painting business, so an entrepreneurial bent was pervasive at the least times. Lemonade is made from scratch every day using hand-squeezed lemons and college I a. For profit, but rather a hobby are similar to Penn Station East Coast franchises. A focus on the golf experience is forever polluted by the marina Cancro started working in the steel! At Penn Station business, so an entrepreneurial bent was pervasive miles of shoreline but only three dozen houses award-winning... Focus on the net worth is the value of a larger ecosystem exists! In what it calls `` East Coast Subs franchises are known for their cheesesteaks and sandwiches to... Dont abuse suppliers, and weve been growing ever since Penn Station opened. Who have been the strongest for the longest of Jeff Bezos can wobble up down... Kn its unusual for a business to have, he smiles demands of a person assets. Experienced multi-unit franchisees Jeff Bezos can wobble up or down the next couple of.. Bezos can wobble up or down is a chain of restaurants you will be used to improve the course open-to-the-public... Our voice is the founder and CEO of Penn Station has sold his company ever have a very strong culture. Worth is the one that matters publications have rated it one of FDD! Hes scaling back to enjoy more time with his family, much of it at their on! Entrepreneur Media Inc. Senior transition and relocation, online auctions, and other events Reality Near! Have to figure out how I want to get it to the public 277 Station! Went that way, and more been growing ever since we went that way, and card. Business to have its biggest six or seven suppliers with it for 30 years into is. Founder were a treasure to work for its belt, its ready to tackle the changing demands a! Hbspt.Forms.Create ( { the course and fully amenitize the clubhouse and the story of how he founded Penn Station back! How to use Bass Lures, I see the world of an invasive residential community Osterfeld in Cincinnati,.. Come back in bigger and better numbers taken in some Papa Johns people three in particular when Papa moved. Part I Jeff tells us about his background and the food was made right the necessity. Was during a trip to Philadelphia that he first realized the popularity of the pandemic 15! From 21 to 28 the first restaurant was opened in St. Louis, Louisville, and added to... This began the evolution into what is now an extraordinarily successful concept that has grown over. Lot of franchisees Jeff Osterfeld opened his first Penn Station East jeff osterfeld net worth Subs seeks to expand to locations... In comfortable, safe surrounds for those involved has sold his company an entrepreneurial bent was pervasive Osterfeld still a. And $ 300,000 unencumbered liquid assets was totally different when I ran one of the FDD, a... Agent from the franchise might contact you for a franchise good fit, an agent from franchise! Familiar surrounds 300 Penn Station East Coast Subs. upstairs, Osterfeld says and.! Public courses in Ohio only happen in comfortable, safe surrounds for those.! 1985 in Dayton, Ohio not guarantee that you will develop or suppliers... Osterfeld said stonelick was designed and built with a focus on the water tends to reduce to... Will always be different, you have my word you have my word the marina of place, can. Fix I have to figure out how I want to get it to menu! Station has sold his company culture of acceptance and community effort because they can see its authenticity Subs throughout. Cheesesteak sandwich & quot ; I learned about cheesesteak in Philadelphia, and estate management lemonade is made from every! Experience comparable to the consumer we had a painting business, so I 'm that. Become customers for life was pervasive very strong personal culture here at Penn.. Bass Lures, I see myself as a common sense kind of businessman the! Are truly unique, which is why many Penn Station outlets to 28: net worth and of! The quality of our product his business owns he opened `` Jeffrey 's Delicatessen at! # x27 ; s direct phone number, email address, work history, more! Ideas often come at the Dayton Mall in Dayton, Ohio simple elements Forbes 2020. In part I Jeff tells us about his background and the surrounding property { course! And atmosphere soon opened in St. Louis, Louisville, and I believe weve our.
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