Togo's Continues California Expansion With Signing Of Franchise Agreements To Develop Nine New Restaurants
"West Coast Original" to Open Restaurants in Los Angeles, Sacramento, San Jose and Santa Cruz, among Other Cities
SAN JOSE, Calif., Nov. 4, 2013 /PRNewswire/ -- Togo's Eateries, Inc., a "West Coast Original" since 1971, announced today it has signed development agreements with several new and existing franchisees to expand in markets across California, including in Los Angeles, Sacramento, San Jose, Santa Cruz, Riverbank, El Centro and Petaluma. This new development is part of the sandwich chain's plan to grow its footprint in new markets in California and throughout the west.
Togo's will open two restaurants in downtown Los Angeles, two in midtown and downtown Sacramento, and single units in San Jose, Santa Cruz, Riverbank, El Centro and Petaluma.
"We're thrilled to continue our expansion in California, home to more than 230 Togo's restaurants. California is where Togo's originated, and it's home to our raving fans who have contributed to our success over the past four decades," said Tony Gioia, chairman and CEO of Togo's Holdings, LLC. "Our new and existing franchisees recognize the strength of the Togo's brand and are committed both to growing with us and providing guests with big, fresh, meaty sandwiches with a smile."
Togo's recently announced additional development agreements to open 20 restaurants in West Los Angeles and Portland, Ore., as well as six in Salt Lake County, Utah, three in the Greater Phoenix area and two in Yuma, Ariz.
Togo's has launched a multi-unit franchise development incentive program to drive expansion along the West Coast. Both new and existing franchisees who sign a new agreement for three or more locations will receive reduced royalty fees for the first two years for each new restaurant that is developed in Washington, Oregon, Idaho, Utah, Colorado, Nevada and Arizona.
Togo's, which has experienced four consecutive years of same-store sales increases, is currently seeking qualified multi-unit franchisees who have a passion for the brand and deep connection to their community. Both new and existing Togo's franchisees will benefit from $10 million for remodels and transfers, as well as $5 million to build new restaurants in the state.
At Togo's, traditional restaurants experienced average unit sales in excess of $633,000, with 50 percent averaging over $799,000, and 25 percent averaging over $930,000. To become a part of the Togo's team and be your own boss, candidates should possess liquidity of $150,000 for a single restaurant and a net worth of $300,000. Area developers looking to develop three or more restaurants should have liquidity of $450,000 and net worth of $900,000. Special incentives are available for qualified franchisees interested in opening three or more restaurants.
About Togo's Eateries, Inc.
Togo's was founded in 1971 by a young college student with a large appetite and little money looking to make sandwiches the way he liked them — big, fresh and meaty. Keeping in the spirit of the original, Togo's products are still made with only the highest quality ingredients; including fresh-baked Artisan breads, hand sliced premium pastrami, turkey and roast beef, as well as California avocados and cheeses. Togo's proprietary brand of old-fashioned Pastrami, 98 percent fat-free slow-roasted turkey, and Togo's homemade chicken and tuna salad set the brand apart from other sandwich shops. With more than 300 locations open and under development along the West Coast, Togo's is a franchise-based business that offers online ordering and catering services. For more information call 1.877.718.6467 or visit http://www.togosfranchise.com. For general information on Togo's Eateries, Inc., please visit http://www.togos.com.
**Photos and company logo available upon request.
SOURCE Togo's Eateries, Inc.
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