The sandwich chain Togo’s Eateries, Inc. has announced the signing of its first multi-unit franchise agreement in Utah.
Togo’s plans to develop six new restaurants over the next several years in the Salt Lake City area, with the first location scheduled to open in early 2014.
“As the best franchise opportunity in the sandwich category, our brand has made great strides in expanding to new markets along the West Coast and we’re thrilled to now build a presence in Utah,” said Tony Gioia, chairman and CEO of Togo’s Holdings, LLC. “We look forward to introducing locals to our seriously stacked sandwiches that are sure to satisfy the biggest appetites in Salt Lake City.”
First-time franchisee Ben Massimino grew up as a fan of Togo’s in California, and decided to turn his passion for the brand into an investment opportunity. As current president and CEO of a Park City real estate development company, Massimino hopes to build his portfolio with the sandwich franchise.
“As a longtime Togo’s fan, I am thrilled to be the first franchisee to bring a West Coast favorite to Salt Lake City,” Massimino said. “There are many transplants from California living in Utah, myself included, who are looking for a fresh dining alternative that serves up quality food at a great price.”
The chain is seeking qualified franchisees. Candidates should possess liquidity of $150,000 for a single restaurant and a net worth of $300,000. Area developers looking to open 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.
Togo’s, founded in 1971, is a franchise-based business with nearly 250 locations in California, Arizona, Oregon and Nevada.