Frequently Asked Questions (FAQ)
Q. What are the minimum Financial Requirements to qualify?
A. A minimum net worth of $300,000 with at least $150,000 liquid for a single restaurant development. For Area Development territories for 3 or more restaurants, a minimum net worth of $900,000 with at least $450,000 liquid.
Q. How much will it cost to build a Togo’s restaurant?
A. Costs vary greatly due to the store size, age of the building, & regional restrictions. Investment ranges are between $256,650 to $417,300.
Q. Does Togo’s offer financing?
A. Togo’s does not currently offer financing; franchisee must utilize a third party resource. Some finance options include: SBA Loans, Term Loans, Home Equity Loans, & Equipment Leases.
Q. How much money can I expect to make?
A. Togo’s does provide financial performance representations in our FDD (Item 19). However, profitability will depend considerably upon the franchisees ability to manage the day-to-day operations and finances. As well, as factors specific to each location such as occupancy, local store marketing costs, labor costs, and the potential for sales.
Q. What is the Royalty Fee?
A. Five (5%) percent of your gross sales.
Q. What is the Marketing Fee?
A. Togo’s currently collects two (2%) percent of your gross sales; however, the franchise agreement allows for the flexibility of increasing or decreasing the advertising fee not to exceed a total of 5%.
Q. What is the typical store size?
A. The typical store size is 1,200 to 1,500 square feet.
Q. How many seats does a typical restaurant have?
A. 15-25 interior; 10-15 exterior
Q. How is my site approved?
A. You are responsible for finding a location that meets the site criteria of Togo’s. We do work closely with you in the site selection process.
Q. When can I expect to be profitable?
A. It varies by location and market as well as franchisee management. As in any business, we cannot predict earnings or profitability for you.
Q. How involved am I in the development and construction process?
A. You will work closely with our design and construction resources that will assist you in selecting architects, contractors, and equipment vendors. Togo’s will keep in close contact so that we can check the progress in the developing location.
Q. Can I purchase or build multiple locations?
A. Yes! We encourage potential franchisees to own and operate multiple locations.
Q. Who will train me to operate a Togo’s?
A. We have a training team that offers a comprehensive three (3) week training program that includes training in: Management Training, Brand Training, and Management Certification.
Q. After my location is up and running, what kind of support will I receive?
A. Our Franchise Service Managers (FSMs) are in place to provide you with the required assistance.
Q. Is there an elected franchisee advisory council?
A. Yes… consisting of elected franchisee members who perform advisory services to the Togo’s management team.
"My dream was to start my own business, and the multi–unit franchise opportunities are what first attracted me to Togo's. The low start–up and operational costs allowed my dream to become a reality. I am proud to be a wife, mother and owner of seven locations and I look forward to continued growth and success with the Togo's family, because the best is yet to come!"
Reem Elhindi – California (6 Stores)
Reem Elhindi – California (6 Stores)
