Franchise Summary
Description
The franchised business being offered is a restaurant specializing in the sale of coffee and other non-alcoholic beverages, baked goods, soups, sandwiches, and related products.
Company Background
Tim Hortons is a Canadian multinational fast food restaurant chain known for its coffee and donuts. It also sells wraps, sandwiches, breakfast items, paninis, and pastries. In 1967 Tim Horton opened the first location in Hamilton Canada as a doughnut shop with only four employees. Today there are over 4500 locations worldwide including 2565 in North America alone! The company has expanded to include many different products such as espresso drinks like lattes and macchiatos to name just a few. They have partnered with other companies such as Keurig Green Mountain Inc., Coca-Cola Company, PepsiCo Inc., Cott Corporation (Canada) Ltd., Dr Pepper Snapple Group Inc., Hain Celestial Group Inc., among others
Franchise Opportunity
Owning a restaurant can be incredibly rewarding, but it's also a lot of work. You need to find the perfect location, outfit your kitchen, and hire and train a staff. Managing a restaurant is hard work. You're constantly juggling inventory, labor costs, and customer demand. It's easy to make mistakes that can cost you dearly. Tim Hortons offers an Operator Agreement that takes all of the guesswork out of owning and operating a restaurant. With over 40 years of experience in the industry, we know what works and what doesn't. We provide you with everything you need to get up and running quickly and easily. From the design of your space to the menu items you offer, we have you covered.
Corporate Structure
The franchisor is Tim Hortons USA Inc., a Florida corporation, with its principal business address at 5707 Blue Lagoon Drive, Miami, Florida 33126. The Tim Hortons brand system originated in the United States in 1984. The direct parent is Restaurant Brands International Limited Partnership.
Royalties and Marketing Fees
Royalties : 4.5% to 6% of Gross Sales
Royalties : 4% of Gross Sales
Royalties : 4% of Gross Sales
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Quick Service Restaurants (QSR) Industry$112,269 / unit
Franchise Type: Standard
Average Revenue During 2020
Franchise Types Available
| # | Type | Investment | Fees |
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Management Team
| # | Name | Position |
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Distribution of Tim Hortons Franchisees
Tim Hortons Franchise System Development in 2025
FAQ
How much investment do I need to start my own Tim Hortons business?
Franchisees typically require at least $988,000 to $3,312,500 investment to get their Tim Hortons business started
What are the initial franchise fees for Tim Hortons?
Franchisees typically need to pay at least $50,000 in fees directly to Tim Hortons in order to earn the right to launch their business
How much money can I make with a Tim Hortons franchise? What are
the average revenues for a typical Tim Hortons business?
We estimate that the average revenue of an individual
Tim Hortons unit is approximately
$112,269. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Tim Hortons unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$988,000 to $3,312,500
which is
Much Higher
than the $0 to $0 average in the Quick Service Restaurants (QSR) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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