Quick Verdict · who it fits
Penn Station, Inc. fits first-time franchise buyers looking for a mid-scale food & beverage concept.
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$441K - $833K
Franchise fee (Item 5)
$25K
Royalty (Item 6)
2–8% + 2% ad
System size (Item 20)
321 +4
Years in business
41+ yrs
Company-owned units
1
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Drag to your projected annual sales. Royalty 2–8% + ad fund 2% on gross sales.
PROJECTED ANNUAL SALES$500,000
$100k$2M
Royalty (2–8%)
—
Ad fund (2%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
Free AI summary — the first read on the filing.
322
Total units open
4
Units opened last year
4
Units closed last year
4 ceased operations for other reasons
0
Net unit growth
What our analysis flagged across the 2026 filing.
4
Risks to review
3
Strengths identified
5
Questions to ask
How Penn Station ranks against 561 Food & Beverage peers we've analyzed.
Initial investment
61st pct · of 561 peers
Franchise fee
14th pct · of 561 peers
System size
83rd pct · of 561 peers
Food & Beverage industry averages
Avg investment
$594K - $1.4M
Avg franchise fee
$44K
Avg system size
346
Franchises analyzed
561
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Penn Station | Disclosed | $25K | $441K - $833K | 2–8% | 321 |
| Parlor DoughnutsSimilar price | Disclosed | $45K | $467K - $833K | 5% | 87 |
| Doctor's AssociatesBiggest system | Disclosed | $15K | $227K - $630K | 8% | 18,773 |
| Vintage Hospitality GroupTop-rated in category | Disclosed | $50K | $3.5M - $6.4M | 5.5% | 33 |
Free explainers to go deeper before you sign.
Penn Station, Inc. requires a $25,000 initial franchise fee and a total initial investment range of $440,600–$833,200, per the most recent FDD on file.
Yes. Penn Station, Inc. discloses Item 19 financial performance representations in its FDD. See the financials sub-page for the disclosed figures.
Franchisees pay a royalty of 2%-8% tiered by monthly net sales and an advertising fund contribution of 2% on gross sales as defined in Item 6 of the FDD.
As of their 2026 FDD, Penn Station, Inc. has 321 total locations, with 4 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.
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