Penn Statio – 2023 Franchise Disclosure Document (FDD)

This is the 2023 Penn Statio Franchise Disclosure Document (FDD). It is a PDF document available for immediate download upon purchase.

“The franchisee will own and operate an upscale, prepared-to-order “East Coast” style cheesesteak and submarine sandwich restaurant business. The total investment necessary to begin operation of a single Penn Station franchise (excluding the amount of any territory fee) ranges from $366,693 to $820,026. This includes the $25,000 initial franchise fee and the $3,500 site development fee that must be paid to Penn Station, Inc. For an additional territory fee, we may elect to offer to you the right …”
-Penn Statio FDD, 2023

What is in the Penn Statio 2023 Franchise Disclosure Document (FDD)?

The United States Federal Trade Commission requires all franchisors who sell franchises in the USA to compile an FDD each year which covers 23 key items of disclosure about the franchise opportunity. The FDD is written in a federally mandated format that is standardized for all franchises, must be presented in easily understood language, and typically is 100+ pages in length. This document is required to be given to a prospective franchisee before the franchise agreement is signed or any money changes hands. This document is extremely useful to anyone who is researching the history, inner workings, and other critical information and disclosures about the franchise system.