Togo’s Eateries Inc. signed 48 new franchise agreements to develop new restaurants in Colorado, Arizona, California, Oregon, and Utah as part of the sandwich chain's plan to grow its footprint throughout the West.
“Our business has experienced tremendous success over the past year and is on track to open 25 new restaurants in 2014,” says Tony Gioia, chairman and CEO of Togo’s Holdings LLC. “With our strong sales, low start-up costs, and latest multiunit development incentive, Togo’s is an attractive investment opportunity for both new franchise owners and multi-unit operators. There truly has never been a better time to become a Togo’s franchisee.”
Togo’s plans to develop additional units in Colorado Springs and Boise, Idaho; Salt Lake City, Utah; Portland, Oregon; and Phoenix, Arizona, while seeking franchisees to open restaurants in new areas such as Seattle and Tacoma, Washington; Denver, Colorado; Tucson, Arizona; and additional markets in California.
Togo’s, which has more than 325 locations open and under development throughout the West, has experienced four consecutive years of same-store sales increases. Last year, the company launched a multiunit 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.
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