Togo's

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Togo's
IndustryRestaurants
Founded1971; 49 years ago (1971)[1]
HeadquartersSan Jose, California, United States
Key people
Glenn D. Lunde (CEO)
ProductsSandwiches, salads
ParentSouthfield Mezzanine Capital
Websitewww.togos.com

Togo's Eateries, LLC is an American chain of fast casual sandwich restaurants owned by Southfield Mezzanine Capital[2] who purchased the company in March 2019.  Togo's is headquartered in San Jose, California.[3]

Togo's is a franchise-based business.  Some Togo’s locations are co-branded with Baskin-Robbins' ice cream shops (which were both owned by the same parent company from 1997 to 2007).  As of July 2020, the company has more than 180 locations open and under development throughout the West.  For more information on owning a Togo’s restaurant, please visit www.togos.com.

History[edit]

Logo until 2018

In 1964, two students of Northern Michigan University, Tom Neumann and Gordon Reed, opened the first Togo's in Marquette, Michigan. The origin of the name is twofold. The two co-founders combined parts of their first names, the "TO" from Tom and "GO" from Gordon. Additionally, the original shop had no seating, so all of the orders were "to go." Neumann departed a year after the founding, and in 1966 Reed sold the business to Joseph Fountain[4]. Fountain moved the Marquette business twice, settling in its current location at 1000 North Third Street.[5] A second location in nearby Harvey was opened in the mid-1990s, but closed in April of 2019[6]

Reed moved to San Jose, California and in 1968 again opened a shop named Togo's, this time at 336 East William Street near San Jose State University[7][8]. At that time, the sandwich shack (in a building built in 1919 and less than 1,000 square feet or 93 square metres) was so small that only four people at a time could be inside and the sign out front read "Sandwiches To Go" with To Go being on the second line.

In 1971 the shop was purchased by Mike Cobler, a local San Jose State University student.[9][10] The second Togo's location was opened in Corvallis, Oregon, in 1971 when Reid relocated after the sale of the San Jose location.[11] The third location opened in downtown San Jose in 1974. The first franchise was sold in 1978.[citation needed]

In 1997, Togo’s was acquired by Dunkin' Brands. By 2001, there were approximately 350 Togo’s sandwich shops, serving more than 25 different types of sandwiches.[citation needed]

On November 30, 2007, Togo's was sold to Mainsail Partners, a San Francisco-based private equity firm, in partnership with Tony Gioia, a former president of Baskin-Robbins.[12] Gioia served as chairman and chief executive officer of Togo's until his retirement in May 2017.[13] Mainsail sold the company to David Nazarian's Nimes Capital in December 2015.[14]

In 2018, its stores switched soft drinks from Pepsi to Coca-Cola Freestyle.

See also[edit]

References[edit]

  1. ^ Snapshot of Togo's Eateries, LLC., on www.bloomberg.com.
  2. ^ "Investments | Southfield Mezzanine Capital". www.southfieldmezz.com. Retrieved 2020-07-01.
  3. ^ "Privacy Policy". Togo's. Retrieved on June 22, 2016.
  4. ^ "TOGO's celebrates 50 years". ABC 10 News. April 9, 2014. Retrieved December 5, 2019.
  5. ^ "About Togo's". Togo's Marquette. Retrieved December 5, 2019.
  6. ^ Asplund, Steve (April 3, 2019). "Togo's Harvey location set to close April 14". WLUC. Retrieved December 5, 2019.
  7. ^ "336 East William Street, San Jose, CA 95112". LoopNet.
  8. ^ Hakimizadeh, Leila. "Togo's: Birth of a sandwich empire". The Great 408. Retrieved December 5, 2019.
  9. ^ Sal Pazarro (April 27, 2018). "Carlino family has fed the South Bay for 80 years". Sunnyvale Sun. Bay Area News Group. p. 5.
  10. ^ Togo's Eateries, Inc."Togo's Announces Acquisition Of 13 Restaurants From Company Founder". prnewswire, September 23, 2014.
  11. ^ Togo's Eateries, Inc. (June 30, 2015). "Togo's Celebrates 44 Years in Oregon By Giving Away Free Sandwiches". prnewswire.
  12. ^ Matt Nauman. "S.F. private equity firm buys Togo’s soup-sandwich chain". San Jose Mercury News, December 3, 2007.
  13. ^ "Glenn Lunde Named New President of Togo's". QSR magazine, June 2, 2017.
  14. ^ "Nimes Capital to buy Togo’s sandwich franchise". L.A. Biz, December 17, 2015.

External links[edit]