1851

<a href="http://www.penn-station.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=penn-station-sets-its-sights-on-expanding-in-the-richmond-virginia-market-2709164" target="_blank" rel="nofollow" target="_blank">Penn Station</a> finished 2018 on a high note and is now setting its sights on expanding within the Richmond, Virginia area.

After successful openings and expansions in North Carolina, Michigan, and Ohio in 2018, the sandwich chain brand is also targeting the River City in 2019. The brand is specifically looking at both the city of Richmond and nearby Henrico County as prime contenders. Both are part of the Greater Richmond Region.

<a href="https://1851franchise.com/pennstation/info/index.html" target="_blank">Penn Station</a> already has a presence in the greater Richmond area with three locations in Midlothian, Bon Air and Henrico. &nbsp;&nbsp;

With a population of almost 1.3 million, the Richmond Metro Statistical Area is an excellent choice for the Penn Station brand. Penn Station Director of Development and Franchising Greg Goddard noted the large student population for one, thanks to major educational hubs such as Virginia Commonwealth University and J. Sargeant Reynolds Community College.

&ldquo;Richmond and Henrico County are ideal choices for Penn Station locations,&rdquo; Goddard said. &ldquo;Both areas have diverse populations who can enjoy what our brand has to offer. We&rsquo;ve already seen a great response from customers in the area and we&rsquo;re excited to continue our expansion there.&nbsp; We&rsquo;ve been in the market for many years, but the franchisee who originally had rights to develop is nearing retierment.&nbsp; Based on historical performance in the region, we know the market is ripe for an aggressive operator to complete the development of what has been a very good market for Penn Station.&rdquo;&nbsp; &nbsp;&nbsp;

In addition to the Richmond area, Penn Station is targeting the Atlanta, Georgia, Chicago, Illinois, Kansas City, Missouri, Nashville, Tennessee, Pittsburgh, Pennsylvania and Raleigh &amp; Charlotte, North Carolina markets in 2019.

The brand finished 2018 on a high note. The brand saw more than a 4.3 percent comparative system-wide sales increase in the fourth quarter of 2018. Penn Station currently has more than 300 open locations.

Penn Station is specifically interested in attracting multi-unit franchisees. Goddard cited the brand&rsquo;s solid unit-level economics and focus on the top and bottom lines of sales as reasons to join the brand. He also noted that the brand&rsquo;s food and paper costs are extremely competitive compared to those of industry peers.

&ldquo;Our business model, coupled with Richmond&rsquo;s relatively lower cost of living makes the city an excellent target area for our brand,&rdquo; Goddard said. &ldquo;Residents enjoy casual, low-cost dining options and our menu and atmosphere provide them with that.&rdquo;

The ideal franchisee, Goddard said, has restaurant and multi-unit franchise experience. In terms of financing, the prospective candidate should have at least $100,000 in liquid capital and a net worth of at least $200,000.

&ldquo;We don&rsquo;t require previous restaurant franchise experience, but prospective franchisees should know that Penn Station is not a passive investment,&rdquo; Goddard said. &ldquo;We&rsquo;re looking for people with business acumen who can keep their operational costs low without sacrificing quality. This person should be able to think like a restaurant owner and be willing to step up to the plate and work hard.&rdquo;

Those same work ethic and business savvy requirements apply to prospective Richmond-area franchisees.

&ldquo;The Richmond area enjoys a booming and diverse food scene, and Penn Station wants to continue to be part of that,&rdquo; Goddard said. &ldquo;Our existing Richmond-area franchisees have been doing extremely well and we want to expand in the area. We&rsquo;re in it for the long haul, and we&rsquo;re looking for franchisees who feel the same way.&rdquo;

The startup costs for a Penn Station franchise range from $290,984 to $594,478. The franchise fee is $25,000. To learn more about franchising with Penn Station, visit <a href="http://www.penn-station.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=penn-station-sets-its-sights-on-expanding-in-the-richmond-virginia-market-2709164" target="_blank" rel="nofollow" target="_blank">http://www.penn-station.com/franchise/</a>.

Penn Station Sets its Sights on Expanding in the Richmond, Virginia Market

1851 Franchise

The River City and Henrico County are prime locations for the sandwich brand. 

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

penn-station-sets-its-sights-on-expanding-in-the-richmond-virginia-market

Senior Care Authority

Senior Care Authority Midyear Momentum 2025 - 1851 Franchise

Senior Care Authority Accelerates Franchise Support and National Growth in First Half of 2025

senior-care-authority-franchise-midyear-2025

Children's Lighthouse

How This IT Architect Became a Successful Children’s Lighthouse Franchisee

childrens-lighthouse-franchise-san-antonio-justin-leggett

Busy Bee Jumpers

Busy Bee Jumpers Buzzes into Franchising: Three New Franchisees Signed in First 30 Days

busy-bee-jumpers-buzzes-into-franchising-three-new-franchisees-signed-in-first-30-days

Fitness Premier

Fitness Premier 24/7 Clubs Reports Strong Midyear Momentum 

Fitness Premier 24/7 Clubs Reports Strong Midyear Momentum with Revenue Gains, Record Membership, and Strategic Expansion

fitness-premier-mid-year-growth-2025

Woodhouse Spas

image of a woodhouse spa franchise buildings exterior 

Woodhouse Spas Continues Strong Momentum With Double-Digit Growth in Q2

woodhouse-spas-q2-2025-growth-expansion

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Mega Franchisee Sizzling Platter Acquired by Bain Capital

mega-franchisee-sizzling-platter-acquired-by-bain-capital

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Photo of Roof Scientist truck and trailer

Roof Scientist Expands Into Northern Indianapolis as Entrepreneur Dale Speckman Launches New Business in Fishers

roof-scientist-expands-into-northern-indianapolis

Image of Donald Trump pointing with red stripes in the background

August 1 Tariff Deadline Is Said to Have ‘No Extensions’: What This Could Mean for Franchises

august-1-tariff-deadline-franchise-impact

Unlocking Superpowers: How KidStrong Is Building the Next Generation of Confident Kids — and Thriving Franchise Owners

kidstrong-franchise-confident-kids

Picture of kids for franchise business Kidstrong which focuses on child development and fitness

KidStrong Is Pediatrician-Recommended for Raising Confident, Capable Kids and Families Can't Get Enough

kidstrong-child-development-program

Jollibee -Launch-Story-Brand-Page-Deep-Dive-2025

Jollibee Franchise Costs, Fees, Profit and Data for 2025

jollibee-franchise-costs-fees-profit-and-data-for-2025

Bringing Robots to Main Street: How Elad Inbar’s RobotLAB Franchise Is Powering the Local AI Revolution

bringing-robots-to-main-street-how-elad-inbars-robotlab-franchise-is-powering-the-local-ai-revolution

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Blending Tech, Hospitality and Health Care: How Three Women From Different Worlds Came Together to Build a Paris Baguette Franchise

paris-baguette-franchise-flower-mound-texas

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

From the Heart: How Wendy and TJ Henley Found Their Purpose With a Right at Home Franchise

Penn Station Sets its Sights on Expanding in the Richmond, Virginia Market

MORE STORIES LIKE THIS