Tim Hortons
Coffee, baked goods, soups, sandwiches- 2023 Franchise 500 Rank
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#145Not ranked last year
- Initial investment
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$247K - $2.2M
- Units as of 2022
-
5,291 3年以上9.0%
Company Overview
About Tim Hortons
Industry | Food |
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Related Categories | Coffee,Baked Goods,Doughnuts |
Founded | 1964 |
Parent Company | Restaurant Brands Int'l. |
Leadership | Jose Cil, CEO |
Corporate Address | 5707 Blue Lagoon Dr. Miami, FL 33126 |
Social | Facebook,Twitter,Instagram |
Business Overview
Franchising Since | 1965(58 years) |
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# of employees at HQ | 100 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 5,291(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tim Hortons franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$50,000 |
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Initial Investment |
$246,500 - $2,162,500 |
Net Worth Requirement |
$1,500,000 - $10,000,000 |
Cash Requirement |
$500,000 - $4,000,000 |
Royalty Fee |
6% |
Ad Royalty Fee |
4% |
Term of Agreement |
20 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Tim Hortons has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 179 hours |
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Classroom Training | 15.5 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
No |
Interested in ownership opportunities like Tim Hortons? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Tim Hortons landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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