SAN JOSE, Calif., Jan. 20, 2015 /PRNewswire/ -- Togo's Eateries, Inc., a "West Coast Original" since 1971, announced 2014 achievements with the opening of 18 restaurants throughout the West, including its first franchised restaurants in Idaho and a return to Colorado and Utah. The company also signed 19 new franchise agreements to develop new restaurants in both existing and emerging markets, including a 5-restaurant deal that will bring Togo's big, fresh and meaty sandwiches back to Washington State.
The sandwich chain plans to develop five new restaurants in Washington State over the next several years in cities such as Bellevue, Kirkland, Redmond, Kent, Renton and Tukwila with the first location slated to open in late 2015. Last year, Togo's acquired 13 franchised restaurants from its company founder as part of its long-term strategy to maximize its operational efficiencies. To kick off 2015, the company most recently announced the opening of its second Idaho restaurant located in Meridian and expects to open a third restaurant in Idaho Falls this month.
"This is an exciting time for Togo's as we've made great strides in expanding the brand beyond its core California market and providing our franchisees with even greater support to grow their business," said Tony Gioia, chairman and CEO of Togo's Holdings, LLC. "As we look ahead, we will continue to drive operational excellence to support future development and provide entrepreneurs with one of the best franchise opportunities in the sandwich category."
Togo's, which has more than 300 restaurants open and under development throughout the West, has experienced four consecutive years of same-store sales increases. To continue to fuel development and recruit passionate franchisees in 2015, the company offers a multi-unit franchise development incentive program to drive expansion in key growth markets. 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. Additionally, franchisees will benefit from $10 million for remodels and transfers, as well as $5 million to build new restaurants.
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 throughout the West, 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.