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Updated RecentlyPenn Station East Coast Subs vs The Simple Greek Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Penn Station East Coast Subs vs The Simple Greek including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $383,844 - $613,764 | $318,700 - $651,250 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | to8% | - |
| Advertising Fee | 2-3% | - |
| Year Founded | 1985 | 2015 |
| Year Franchised | 1988 | 2015 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $2500 | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Penn Station East Coast Subs
We pride ourselves in developing the best concept for our consumers
and our franchisees. Unlike other concepts we run ONE company unit. Our
focus is solely on you and growing your business.
Our food is unmatched and cravable and we don’t tamper with what works. This keeps operations simple.
We cultivate an owner mentality in all aspects of our operation -
this is how we consistently produce unparalleled Return on Investment.
Ranked as one of the top 200 Franchise Opportunities in the U.S. by Entrepreneur Magazine in its 2007 Annual Franchise 500 listing.
Ranked #1 Restaurant Franchise Company by Success Magazine in its October 2000 Annual ranking of the top 200 American franchises.
Ranked as one of the top 40 Movers and Shakers by Fast Causual Magazine in its 2007 and 2008 Annual Movers and Shakers listing.
#271 in Franchise 500 for 2020.
About The Simple Greek
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The Simple Greek is redefining the traditional Greek restaurant with an
interactive concept that combines premium ingredients, open kitchens and
Greek atmosphere in a fast casual setting. Proudly featuring the
authentic flavors and spices of Greece and the Mediterranean seaboard,
the menu features a variety of dishes such as build your own bowls,
salads, pitas and Greek yogurt with a variety of proteins, toppings and
sides to choose from at an affordable price. The Simple Greek prepares
all meats and ingredients daily to ensure the highest level of quality
and freshness. Our interactive ordering process allows you, the customer
to ask questions about the food while being able to see the fresh,
handmade dishes being prepared right in front of you.
The total investment necessary to begin operation of a The Simple Greek franchise ranges from $318,700 to $632,500. This includes $25,000 that must be paid to the franchisor or their affiliates.
The total investment necessary to begin the operation of a The Simple Greek multi-unit development business ranges from $337,450 to $651,250, for a required minimum of 2 The Simple Greek outlets to be developed. This includes a minimum $43,750 that must be paid to the franchisor or their affiliates.