Togo's To Develop 20 Restaurants In Oregon And California
"West Coast Original" Drives Expansion in Portland, Ore., and West Los Angeles, Calif.
SAN JOSE, Calif., Sept. 5, 2013 /PRNewswire/ -- Togo's Eateries, Inc., a "West Coast Original" since 1971 serving up big, made to order sandwiches stuffed with the freshest ingredients, announced today the signing of two multi-unit franchise agreements with an existing franchise group to develop 20 new restaurants in Oregon and California over the next several years. Togo's franchisee Mark Fischer will open 10 restaurants in Portland, Ore., and 10 additional locations in Los Angeles County, with the first location scheduled to open in Portland, Ore. in the first quarter of 2014. This new development is part of the sandwich chain's plan to grow the brand to 400 restaurants along the West Coast.
"This latest agreement demonstrates the commitment of our dedicated franchisees, as they continue to expand Togo's footprint in new and existing markets," said Tony Gioia, chairman and CEO of Togo's Holdings, LLC. "As the best franchise opportunity in the sandwich category, our franchisees recognize the strength of the brand and are passionate about providing guests with an exceptional, one-on-one, deli-style experience, which has ultimately driven our success."
Fischer and his partners currently own and operate two California restaurants in Stockton and Tracy, Calif., and first joined the brand in 2007. The franchisees also have another location scheduled to open in Fairfield, Calif. later this year, as well as a commitment to develop a restaurant in Lodi, Calif.
"Our current restaurants have been successful in their prospective markets and we're thankful for all of the valuable support that we've received from Togo's over the years," said Fischer. "We look forward to continuing to serve our existing fans, while also introducing new customers to Togo's big, fresh and meaty sandwiches."
Togo's recently 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 12 consecutive quarters 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. Togo's is a franchise-based business that offers online ordering and catering services at its nearly 250 locations along the West Coast. 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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