Franchise Facts Report → brands → Penn Station
Penn Station franchise — is it worth it?
Low risk Stable network Item 19 disclosed
Penn Station, Inc.
Everything below is free, read straight off Penn Station's registered filing. The $99 report is the part a single FDD can't give you: the earnings figures themselves, and where every number lands against quick-service restaurant peers.
The numbers above tell you what Penn Station discloses. The report tells you whether that's good:
- The earnings figures themselves — the average unit revenue Penn Station puts on paper in Item 19, and what it does and doesn't include.
- Where every number ranks — investment, fees, royalty, earnings and churn against quick-service restaurant median and quartile. This is the part no single FDD, and no AI reading one, can produce.
- What's driving the low risk read — the specific figures behind it, not the label.
- The litigation, split properly — each case, and which ones franchisees brought against the franchisor rather than the reverse.
- The questions to ask before you sign — drawn from what Penn Station's own filing leaves open, in the words to use on the call.
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Compare 3 brands — $249 See a sample reportFigures above are as disclosed in Penn Station's most recent FDD (registered 2026). Source: Wisconsin Dept. of Financial Institutions — Franchise Registration · filing 641690 — check it yourself. The Item 19 figures, where each number ranks against peers, and the litigation & churn detail are in the full report.
How much does a Penn Station franchise make?
Penn Station is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The average revenue Penn Station reports, what that figure does and doesn't include, and where it ranks against quick-service restaurant peers are in the full report. See every quick-service restaurant brand that discloses earnings in the Fast food & quick-service restaurant franchises with disclosed Item 19 earnings ranking.
Penn Station franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Penn Station's 5% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Penn Station franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Penn Station franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. The full report sets Penn Station's disclosed revenue against its total ongoing fee load, so you can see what that revenue has to cover before anything reaches you.
Penn Station lawsuits & legal history (FDD Item 3)
Penn Station's most recently filed Franchise Disclosure Document (2026) discloses no litigation in Item 3. That is a real signal rather than a gap: the FTC Franchise Rule requires a franchisor to disclose material litigation involving itself, its predecessors, parents, affiliates and management, so an empty Item 3 in a current filing means there was nothing it was required to report. It is worth reading alongside the churn numbers — a system can have a clean Item 3 and still be losing franchisees, which is what Item 20 shows.
Penn Station closures & failure rate
Before you sign, Penn Station will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Penn Station's most recent filing shows, and whether it's normal for a quick-service restaurant of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Penn Station's latest tables show a stable franchised network. The actual closure and termination counts, and how Penn Station's churn ranks against quick-service restaurant peers, are in the full report.
The Item 19 earnings figures, every number ranked against quick-service restaurant peers, and the litigation and churn detail — delivered instantly, yours to keep.
Not useful? Reply to your delivery email within 14 days for a refund — no forms, no argument.
Who owns Penn Station?
Penn Station's franchise is offered by Penn Station, Inc. — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2026), and the entity a franchisee actually signs with. That name comes straight off the filing at WI DFI; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Quick-service restaurant franchises at a similar investment level
Anyone weighing Penn Station is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Penn Station franchise — frequently asked
Who owns Penn Station — who is the franchisor?
Penn Station's most recently filed FDD (2026) names Penn Station, Inc. as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Penn Station franchise cost?
Penn Station's most recently filed FDD (Item 7) puts the total estimated initial investment at $440,600 – $819,700, with an initial franchise fee of $25,000 and a 5% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. The full report breaks down every fee line and benchmarks it against quick-service restaurant peers.
How much profit does a Penn Station franchise make?
Penn Station discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (5% of gross for Penn Station), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Penn Station franchise profit number quoted elsewhere is an estimate. The full report shows the disclosed revenue against the full ongoing fee load it has to cover.
Does Penn Station disclose financial performance (Item 19)?
Yes — Penn Station reports unit-level earnings in Item 19. The full report shows the actual revenue figures and how they rank against quick-service restaurant peers.
Are there lawsuits against Penn Station?
No — Penn Station's most recently filed FDD (2026) discloses no litigation in Item 3. Franchisors must disclose material litigation involving themselves, their predecessors, parents, affiliates and management, so an empty Item 3 is a genuine signal rather than an omission.
Is Penn Station a good franchise to buy?
Nobody can answer that from Penn Station's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against quick-service restaurant peers, which is what the full report is for. Our read on this filing is low risk, stated free above. For $99 you get the figures driving that read, the actual Item 19 earnings (disclosed in this FDD), where every figure ranks against peers, and the specific questions to ask the franchisor before you sign.
A Penn Station franchise is a $440,600 – $819,700 decision you make once, on a ten-year agreement, usually with a personal guarantee behind it. For $99 you get an independent read of the document that decides it: the actual Item 19 earnings, every figure ranked against quick-service restaurant peers, the litigation split into franchisee and corporate matters, the churn behind the outlet count — and the questions to put to the franchisor before you sign. If it tells you nothing new, reply within 14 days and we'll refund it.
Not useful? Reply to your delivery email within 14 days for a refund — no forms, no argument.
Compare 3 brands — $249Get a free email when something changes on Penn Station or quick-service restaurant: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same registries every report is built on.