Industry News | May 3, 2013
Togo's Hopes to Take Arizona By Storm
Togo’s, a “West Coast Original” since 1971 serving up big, made-to-order sandwiches stuffed with fresh ingredients, announced it is accelerating its growth plans for Arizona.
The San Jose, California–based sandwich chain aims to develop an additional 25 new restaurants in Phoenix, Scottsdale, Flagstaff, Tempe, and Tucson, Arizona, 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,” says Tony Gioia, chairman and CEO of Togo’s Holdings. “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,” Gioia says. “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 seeking qualified multiunit 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, 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.
Food & Beverage