What Are My Startup Costs? | Sandwich Franchise Opportunity

What Are My Startup Costs?

Togo’s franchise cost starts at $274,000

The startup costs for a Togo’s range from $274,000 to $508,700, with typical costs falling in between. The initial investment depends primarily upon the number of restaurants you build, their size, their configuration, their location, who develops the real estate for and/or constructs them, and the amount and terms of financing.

Togo’s franchise candidates will need $150,000 in liquid capital and a net worth of $300,000 to open a restaurant. Those interested in opening three or more Togo’s will need $450,000 in liquid capital and $900,000 in net worth.

Here’s a breakdown of the startup costs for a single location, taken from Item 7 of our 2016 Franchise Disclosure Document:

Type of ExpenditureAmountMethod of
Payment
When DueTo Whom Payment is to be Made
TOTALS$274,000 to $508,700
Initial Franchise Fee$21,000 to
$30,000
Lump Sum$5,000 Upon Signing Deposit Agreement (if applicable) and Balance Upon Signing Franchise AgreementUs
Leasehold Improvements$113,000 to
$174,000
Lump Sum or
Financed
Before OpeningThird Parties (your Landlord and/or Contractor)
Real Estate/Rental
Deposit
$3,200 to $26,000As AgreedAs IncurredLandlord
Equipment, Fixtures and Furniture$79,000 to
$103,500
Lump Sum or
Financed
As Incurred, Before
Opening
Approved Suppliers
Signage$2,600 to $11,000As AgreedAs IncurredApproved Suppliers
Architectural Fee$14,000 to $33,500As AgreedAs IncurredApproved Suppliers
Point of Sale (POS) System
(Note 7)
$9,500 to $12,500Lump Sum or
Financed
As Incurred, Before
Installation
Approved Supplier
Opening Inventory
(Note 8)
$5,000 to $11,000Lump SumBefore OpeningApproved Suppliers
Miscellaneous Opening Costs (Note 9)$4,600 to $32,000Lump SumAs IncurredSuppliers, Utilities, Employees, Etc.
Uniforms$300 to $2,000Lump SumBefore OpeningApproved Supplier
Insurance$300 to $7,200Lump Sum or
Monthly Payment
As IncurredInsurance
Company/Agent
Travel and Living Expenses While Training$0 to $8,000As AgreedAs Incurred, During
Training.
Airlines, Rental Car Agencies, Restaurants, Hotels, etc.
Grand Opening Marketing Fee$7,500 to $30,000Lump SumBefore OpeningUs
Additional Funds for First 3 Months of Operation$14,000 to $28,000As AgreedMonthly and As
Incurred
Us, Third Parties and
Employees

Startup costs vary — your actual costs will range depending on your location, cost of real estate, and size of your space.

These startup costs are discussed further in our Franchise Disclosure Document, which you will receive during our mutual evaluation process as you learn more about Togo’s. To get started, fill out the form at top right to get more information and we’ll be in touch.

 

 

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