. 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 golf course isn't really for profit, but rather a hobby. Virtual Reality Rooms Near Me, Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. Definition: The total amount necessary to begin operation of the franchise. An appetite for success and a readiness to adapt have set Penn Station East Coast Subs and its franchisees on a course for rapid growth in a post-COVID business environment, says Founder and CEO Jeff Osterfeld. Amazon founder Jeff Bezos is the world's wealthiest person, according to the latest Bloomberg Billionaires Index, with a net worth of $182 billion. Clever people make their own luck. This is everything you need to know about funding a franchise. As a franchisee, you're part of a network covering locations including Ohio, Illinois, Indiana, Georgia, Kansas, and more. display: inline !important; Lake Jocassee has about 75 miles of shoreline but only three dozen houses. Executive Summary. Theres not a lot of turnover in our restaurants compared with others. Its pretty much the way my brain works and the way I see the world. Ge Profile Pvd28bynfs Review, 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. 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. Today, the chain has 313 stores in 15 states with annual sales around $200 million. Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980s. Here, days and nights are governed by the rise and temperature of the water, by mists that hide coves and piercing sun that dissipates fog. Demolition Wwf Theme, Number of employees. 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. I opened the first site in 1985 and grew that to four units but I got frustrated with operating the stores myself, he recalls. Our craveable products are truly unique, which is why many Penn Station consumers become customers for life. 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"}}; Youll see our 314 outlets hopefully grow to 600 in short order over the next couple of years. 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. .pw_map_canvas img { 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. How To Make A Winter Hanging Basket, I knew this was coming and that we needed to repurpose the kitchen. Virtual Reality Rooms Near Me, 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. 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. It was in my blood, he tells The CEO Magazine. 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. 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. Peter Cancro started working in the submarine The first restaurant was opened in 1985 by Jeff Osterfeld in Cincinnati, Ohio. Never miss a beat when you sign up to receive our newsletter. 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. Consequently, he maintains close relationships with team members in Penn Station, Inc. as well as valued vendor partners. Founder and CEO, hes scaling back to enjoy more time with his family, much of it at their home on Lake Jocassee. [1] Currently, Penn Station has over 300 locations in 15 states.[2]. CONTACT US: 330-896-9900, GET UPDATE ON: I had no idea what franchising was like many people in the 1980s, I had heard the word, but really didnt know what it meant.. Its pretty much the way my brain works and the way I see the world. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. What you need to know: Net worth is the value of a person's assets minus liabilities. Clever people make their own luck. In Part III Jeff tells us about designing and running his own golf course and we wrap up our conversation by talking about what Jeff currently has on his plate as well . Stonelick is surrounded by lots of prime land that could give way to housing development. t.src=v;s=b.getElementsByTagName(e)[0]; So I ended up franchising. 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. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. 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. A pragmatist if you will. #2 Billionaires 2021. It was in my blood, he tells The CEO Magazine. Find out how to put in writing a Restaurant Menu. Penn Station East Coast Subs was founded by Jeff Osterfeld, a former co-operator of a deli in Dayton, Ohio. 'https://connect.facebook.net/en_US/fbevents.js'); }); Lapping Waters, Quiet Evenings: Life by the Lake. formId: "520dca37-e1cd-4cc8-bff2-42ffb2fdf82e" Home of the Bill Cunningham show, Mike McConnell, Scott Sloan, Eddie & Rocky, Lance McAlister, and flagship station of the Cincinnati Reds! Science Diet Sensitive Stomach, Website. Penn Station East Coast Subs seeks to expand to new locations with experienced multi-unit franchisees. We came home and decided if we ever have a second home, we wanted it to be in the mountains, he says. More so than in the cities and towns from which many of us hail, we go to the lakes to be reminded that life happens slowly, one sunrise at a time. That's fun. We have a very strong personal culture here at Penn Station when it comes to relationships. Its what you work hard for, why you do what you do. Many mornings, Miller watches a pair of otters cruise by the marina. Catch up on the latest franchise news, trends, and more. The ultimate goal is to have the finest public course in the state with a relatively small, select membership. Enjoy your round as a relaxing stroll through nature, inhabited by the variety of wildlife typical of such unspoiled surroundings. 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. 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. When you live and work on the lake, there are a lot of times you dont stop to smell the roses, he says. I learned about cheesesteak in Philadelphia, and added that to the menu. By 1987, Osterfeld had opened several Penn Station restaurants in and around Cincinnati. The warmth he has for his community is common among many people who live around mountain lakes in the Southern Appalachians. And many evenings, hell see them cruise back, going home. Transparent Oval Png, 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 Osterfeld is the founder and CEO of Penn Station East Coast Subs. That's the perfectionist in me looking at things I've done out there, said Osterfeld. #2 Forbes 400 2021. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. 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. These brands have been the strongest for the longest. 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 Osterfeld is the founder and CEO of Penn Station East Coast Subs. Ive had employees the Vice President of Construction and Director of Administration for roughly 30 years.. Not that there is anything wrong with that. Its why many people like Miller choose to live there. Amazon. 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. The dock, covered to keep the weather off the boat, gets plenty of use come swim time. Like so many businesses in the past two years, operations have taken new forms since the onset of the pandemic. Jeff Bezos. Check BackgroundGet Contact InfoThis Is Me - Edit Reputation & Background View All Get hyperlocal forecasts, radar and weather alerts. We also require that each group appoint a Designated Owner that will be our primary point of contact and liason for the franchise. Where Can I Buy Sunpatiens Seeds, 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. The people we do business with are all trying to make money too. Finally, you may be able to sign the franchise agreement that will allow you to open the doors to your tasty franchise. And weve done it through this franchise model.. I liked the idea and thought about it.. We protect their interests within our franchise system. The corporate operations of Penn Station are directly tied to Jeffs personality and leadership, which unsurprisingly has resulted in a detail-oriented, profitable operation. 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. If you meet the criteria above, you can generally get started by filling out an online inquiry form. The potatoes are hand selected, fresh-cut and flash-fried in cholesterol-free peanut oil. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. margin: 0 .07em !important; COVID-19 hit, and the thing I was worried about jumped to 95 per cent.. Our Spectrum News app is the most convenient way to get the stories that matter to you. Want to learn more? We care about the protection of your data. 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. 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. Its a bit of walk a mile in my shoes, he points out. His first eatery opened in 1983 inside the Dayton Mall food court. Weve kept one company unit that we train in here in Cincinnati, and we have 314 outlets today. penn-station .com. You'll typically then be invited to a meeting at Penn Station East Coast Subs headquarters in Milford, Ohio. Find contact's direct phone number, email address, work history, and more. 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