The franchise offered is for the operation of a Togo’s Restaurant which will offer specialty sandwiches and related food and beverage items.
Company Background
Togo's is an international franchised restaurant chain offering specialty sandwiches and related food and beverage items. Founded in 1976, Togo's has been a popular lunch spot for more than 42 years with over 1,200 restaurants from California to Florida. Our signature sandwich is the Togo's Club(R), made with premium roast beef, turkey breast or ham, Swiss cheese, bacon and mayonnaise on white bread served hot or cold. We also offer a variety of salads including our popular Chef Salad(R) which features mixed greens topped with shredded cheddar cheese, hard-boiled egg slices and crumbled bacon bits tossed in a creamy poppy seed dressing served warm or cold.
Franchise Opportunity
Finding a delicious and healthy lunch can be hard. Togo's offers high quality, fresh sandwiches made with premium ingredients that are sure to satisfy your cravings. Our signature sandwich is the Turkey Tom, which features freshly roasted turkey breast on a French roll smothered in melted Swiss cheese and cranberry mayo. We also have vegetarian options like our Vegetarian Garden Wrap with hummus and sprouts or our Falafel Pita Pocket with all of your favorite Mediterranean flavors. At Togo's we believe that good food should not only taste great but feel great too! That's why we bake each bread slice from scratch daily using whole grains and never add artificial preservatives or fillers to any of our menu items. To ensure that you always get the freshest product possible, everything at Togo's is prepared just before it reaches you - so whether you're ordering online for delivery or picking up in store, every
Corporate Structure
We are a Delaware limited liability company formed on November 25, 2008. Our principal business address is 18 N. San Pedro St., San Jose, CA 95110, telephone 408 280 6585. We are a wholly owned subsidiary of Torta Operations, LLC, a Delaware limited liability company (“Torta”). Torta is a wholly owned subsidiary of Togo’s Holdings, LLC (“Holdings”), which is majority owned by Southfield Mezzanine Capital LP, a Delaware limited partnership (“SMC”). Torta also owns Togo’s Eateries, LLC (“Eateries”), which in turn owns Togo’s Franchised Eateries LLC (“TFE”). Eateries provides initial and ongoing support services to Togo’s franchisees. Eateries owns Togo’s trademarks. Torta also owns two companies that own and operate Togo’s restaurants – Togo’s Restaurants, LLC and MTC Restaurant Group, LLC. Torta, Holdings and all subsidiaries of Torta have the same principal business address as ours. SMC’s principal business address is 140 Greenwich Ave., 4th Floor, Greenwich, CT 06830. None of these affiliates have offered franchises in any line of business or operated any other business, except as disclosed in this Item 1.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. QSR Industry
$644,548 / unit
Franchise Type: Standard
Average Revenue During 2019
$644,548
$369,349 Industry Low
$2,179,984 Industry High
Franchisee Attrition
5 /10
This franchise's rate of attrition in 2012
of 4.24%
was
Slightly Higher
than the 4% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
#
Type
Investment
Fees
Management Team
#
Name
Position
Distribution of Togo's Franchisees
Togo's Franchise System Development in 2019
FAQ
How much investment do I need to start my own Togo's business?
Franchisees typically require at least $337 to $594 investment to get their Togo's business started
What are the initial franchise fees for Togo's?
Franchisees typically need to pay at least $37 in fees directly to Togo's in order to earn the right to launch their business
How much money can I make with a Togo's franchise? What are
the average revenues for a typical Togo's business?
We estimate that the average revenue of an individual
Togo's unit is approximately
$644,548. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Togo's unit? What
is my contractual commitment?
Togo's franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
6 /10
The Franchisor's investment costs ranges from
$337,000 to $594,500
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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