Tuesday, December 9, 2014

Togo's sign up on Hitt Road

Togo's Sandwiches is going in at 2994 S. 25 East, in the Sagewood Shopping Center.
It looks like the first Idaho Falls Togo's Sandwiches is going to be at 2994 South 25 East, in the Sagewood Shopping Center next door to Costa Vida. The sign went up this week and inside the work is progressing steadily.

This will be the second Togo's in eastern Idaho. The first opened last month in Rexburg. The California-based chain announced last spring it had a plan to develop five restaurants in eastern Idaho and eight in Salt Lake City.

The Idaho Falls and Rexburg restaurants are two that Ty and Debbie Jenkins have signed on to develop, along with others Twin Falls, Pocatello. 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.