NEWS & PRESS RELEASE MAIN
May 2, 2013
TOGO’S ANNOUNCES ACCELERATED GROWTH PLANS FOR ARIZONA
West Coast Sandwich Chain Aims to Develop 25 New Restaurants Across State, Including in Phoenix and Scottsdale
San Jose, Calif. – (May 2, 2013)
– Togo’s, a “West Coast Original” since 1971 serving up big, made-to-order sandwiches stuffed with the freshest ingredients, announced today it is accelerating its growth plans for Arizona. The San Jose, Calif.-based sandwich chain aims to develop an additional 25 new restaurants in Phoenix, Scottsdale, Flagstaff, Tempe, Tucson, among other metropolitan areas across the state.
“Togo’s has experienced great success in Arizona, so we’re boosting our expansion plans to include additional Arizona towns,” said Tony Gioia, chairman and CEO of Togo’s Holdings, LLC. “Togo’s is seeking new franchisees to help fuel our expansion efforts in this great state. We bring a fantastic business opportunity as well as plenty of local jobs in real estate, construction and service industries. Our growth is great for Togo’s and for Arizona.”
Local residents and Togo’s Franchisees, Monty and Diana Coury are set to open their second Togo’s location in Maricopa County this fall with a third location early next year. “The local reaction to Togo’s has been fantastic. People want Togo’s in Arizona and see our brand as a step above the other sandwich chains. At Togo’s, we never skimp on quality meats and cheeses. Our sandwiches are always big, fresh and meaty. We welcome additional Franchisees to help grow out the Arizona market with us.”
Togo’s, which has experienced 11 consecutive quarters of same-store sales increases, is currently seeking qualified multi-unit franchisees that 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, 51 percent of its traditional restaurants experienced average unit sales in excess of $600,000, with 25 percent over $800,000. 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 with 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.