Tuesday, April 29, 2014

Togo's franchise planned for Idaho Falls

A picture of a Togo's from the company's Web site 
Togo's Eateries, has announced it will be coming to Idaho Falls, as part of an expansion that includes franchise agreements to develop five restaurants in eastern Idaho and eight in Salt Lake City.

The Idaho Falls restaurant is one of five that Ty and Debbie Jenkins are signed on to develop, along with Twin Falls, Pocatello and Rexburg. Ty Jenkins is CEO of DocuTech, a company that develops and markets Web-based mortgage compliance software.

Overall, Togo's has more than 325 locations open and under development throughout the West. Last year, the company launched a franchise development incentive program to drive expansion in key growth markets. Both new and existing franchisees who sign new agreements for three or more locations receive reduced royalty fees for the first two years for each new restaurant developed in Washington, Oregon, Idaho, Utah, Colorado, Nevada and Arizona. Additionally, franchisees benefit from $10 million for remodels and transfers, as well as $5 million to build new restaurants.

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.