Penn Station, Inc.
Disclosure honesty
Penn Station, Inc. discloses earnings (Item 19) — but the grade is how honestly. We graded it B.
What their own earnings claim actually says
318 units (2025): Average net sales $821,723; median $781,499. Average operating income $174,181; median $152,422. Average EBITDA $102,250; median $81,511. Data unaudited, excludes owner compensation, depreciation, taxes, interest, multi-unit overhead.
Is Penn Station, Inc. worth it? — how it compares to 164 similar franchises
| Ongoing fees | 4% of sales | lower than most (median 8%) |
| Startup cost | from $440,600 | about average (median $481,500) |
| Disclosure honesty | Grade B | more honest than 85% of quick service restaurants franchises |
| Closure rate | 1.2% of outlets | about average |
| Disclosed lawsuits | 0 | fewer than most |
Benchmarked against every quick service restaurants franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
Owner take-home for a Penn Station, Inc.
The franchisor's framing: 318 units (2025): Average net sales $821,723; median $781,499. Average operating income $1… We reconstruct what an owner actually keeps, from their own FDD.
- Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
- Break-even timeline + cash-on-cash ROI
- Full fee stack + required-purchase markups
- Decoded real failure / closure rate
- How it ranks vs comparable franchises
- Validation-call playbook — the exact questions to ask
See a full sample report → · 30-day guarantee
Penn Station, Inc. franchise — frequently asked
- How much does a Penn Station, Inc. franchise cost?
- The FDD lists a total initial investment of about $440,600–$819,700, including a $25,000 initial franchise fee.
- How much do Penn Station, Inc. franchise owners make?
- 318 units (2025): Average net sales $821,723; median $781,499. Average operating income $174,181; median $152,422. Average EBITDA $102,250; median $81,511. Data unaudited, excludes owner compensation, depreciation, taxes, interest, multi-unit overhead. We grade this disclosure B for honesty.
- What is the Penn Station, Inc. franchise failure rate?
- 4 cease operations (2025); 0 terminations; 13 transfers in 2025. Stable system.
- Is a Penn Station, Inc. franchise worth it?
- It depends on the numbers, not the pitch. Penn Station, Inc. scores B on disclosure honesty, carries about 4% of sales in ongoing fees. Get the real owner take-home before you sign.
Own a Penn Station, Inc.? Add your real numbers (anonymous)
We publish only aggregated benchmarks — never your name. Contribute and we'll show you how your numbers compare.
Compare Penn Station, Inc. to similar franchises
See all franchises ranked by disclosure honesty →
Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Penn Station, Inc. or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.