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Togo’s
Expands Presence In California with New Franchise Agreements
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“West Coast
Original” to Develop Seven Restaurants in Northern California
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San
Jose, CA – August 2014 / Newsmaker Alert / Togo’s
Eateries, Inc., a “West Coast Original” since 1971, announces it has
signed development agreements with new and existing franchisees to expand
its footprint in several California markets, including Woodland, Jackson
and the Central Valley and East Bay areas. Togo’s currently has 240 restaurants
across the state.
Ranjeet
Singh and Gurdev Teer, a current franchise group with one location, will
develop five restaurants in the Central Valley and East Bay areas, with
the first location slated to open in early 2015 in the Central Valley.
One restaurant will be developed in Woodland by Jon Turovitz, an existing
franchisee with two locations, while first-time franchisees Trent and Ashley
Millsap plan to develop their first restaurant in Jackson. Both restaurants
are slated to open in early 2015.
“These
latest agreements underscore the strength of our business model and overall
growth strategy as Togo’s continues to build its footprint throughout the
West,” said Tony Gioia, chairman and CEO of Togo’s Holdings, LLC. “Since
the opening of the first Togo’s restaurant in San Jose more than 40 years
ago, we’ve built our reputation on serving big, fresh, meaty sandwiches
made with the freshest ingredients to residents across the Golden State.
We know that there is still great potential for additional growth throughout
California.”
Since
the start of the year, Togo’s has signed franchise agreements to develop
13 restaurants in Eastern Idaho and throughout California. Additionally,
the brand has opened 10 restaurants and is on track to open 12 others throughout
the rest of the year in Petaluma, Calif., Colorado Springs, Colo., and
Rexburg, Idaho, among others.
Togo’s
(www.togos.com), which has more than
320 locations open and under development throughout the West, has experienced
four consecutive years of same-store sales increases. Last year, the company
launched 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.
At
Togo’s, traditional restaurants experienced average unit sales in excess
of $659,000, with 20 percent averaging over $836,000. 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.
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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 325 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 877-718-6467 or visit www.togosfranchise.com.
For general information on Togo’s Eateries, Inc., please visit www.togos.com.
Contact:
Elayne
Sommers
Fish
Consulting
954-893-9150
**Photos
and company logo available upon request. |