News

Togo's Eateries targets Portland for growth

April 22, 2012

Togo’s Eateries Inc. has announced that it is targeting Portland, Ore., for franchise expansion.

As part of Togo’s 40-year anniversary, the nearly 250 unit sandwich franchise launched an aggressive growth strategy to enter new cities in key Western states, and is actively recruiting single and multi-unit operators to help grow the brand to 400 restaurants by 2015. To date, there are four Togo’s restaurants open in Oregon and four additional locations planned for Eugene and Springfield.

Togo’s executive team will be in Portland on May 3 from 1 p.m. to 3 p.m. at the DoubleTree Hotel, 1000 NE Multnomah Street, to host a complimentary Franchise Seminar and share the benefits of opening a restaurant franchise. To register for the event, visit http://www.ownatogos.com/oregon or contact Todd Peterson, vice president of franchise sales at 818-597-9605 with any questions.

“Portland has been named ‘foodie heaven,’ and after an unprecedented year of growth in 2012 and 20 plus months of positive same store sales, we are ready to bring our big, made to order sandwiches to the area,” said Tony Gioia, chairman and CEO of Togo’s Holdings LLC. “Our 2-to-1 sales-to-investment ratio makes Togo’s one of the best franchise opportunities in the sandwich category, and we are looking for passionate entrepreneurs to join our loyal team and help us grow regionally.”

Most recently, Togo’s formed a $15 million fund to fuel its development in 2012 and beyond. With this funding, both new and existing qualified Togo’s franchisees will have access to $5 million to build new restaurants and $10 million for remodels and transfers.

At Togo’s, 51 percent of its traditional restaurants operating for a full 12-months in 2010 experienced average unit sales in excess of $600,000, with 25 percent over $800,000.