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| Tim Hortons in Vancouver | |
|---|---|
| Founded | May 17, 1964 Hamilton, Ontario, Canada |
| Founders | Tim Horton Jim Charade |
| Headquarters | Toronto, Ontario, Canada |
| Number of locations | 4,952 (August 31, 2022) |
Is Tim Hortons owned by the US?
Tim Hortons has faced a lot of challenges with its franchise model in the U.S., especially after it was taken over by the Brazilian private equity firm, 3G. Under 3G, Tim Hortons and Burger King were merged together to form one large company. Tim Hortons was previously owned by Restaurant Brands International Inc.
What is the cost of a Tim Hortons franchise?
You will need an estimated investment from $680,900 to $1,906,300. You will be required to pay an initial franchise fee of $35,000, which gives you the license to use the Tim Hortons name. There is a royalty fee of 4.5% to 6% and an advertising fee of 4% of your gross sales.
Is Tim Hortons a multinational corporation?
Tim Hortons is a multinational fast food restaurant based in Canada, known for its coffee and donuts. It is also Canada’s largest quick service restaurant with a total of 4613 restaurants in nine countries. It was founded on 17 th May 1964 in Hamilton, Ontario by a Canadian hockey player Tim Horton & Jim Charade.
Why is Tim Hortons successful?
Tim Hortons is possibly the leading publicly traded restaurant chain in Canada, it enjoys its success due to its inhabitation of a much smaller market in comparison to markets in U.S., India, and China. To be the best of the lot, Tim Hortons cannot exclusively depend on a single market.
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How many franchises does Tim Hortons have in Canada?
How many Tim Hortons in Canada? There are over 4300 Tim Hortons locations in Canada out of 4,932 worldwide. Most other locations are in the United States, but the company plans to open 1500 new locations in China over the next decade.
How many Tim Horton locations are there?
In 2021, Toronto-based quick service restaurant chain Tim Hortons operated and franchised a total of 5,291 restaurants worldwide.
How much are Tim Hortons franchises?
How Much Does It Cost to Open a Tim Hortons?Name of FeeLowHighInitial Franchise Fee$25,000$50,000Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges$1,000$70,000Equipment$20,000$435,000Real EstateVaries10 more rows•Jul 29, 2022
What city has the most Tim Hortons?
Cities with the most number of Tim Hortons stores in CanadaCityProvince / TerritoryNumber of LocationsTorontoOntario160CalgaryAlberta133EdmontonAlberta118MississaugaOntario1106 more rows•6 days ago
How many Tim Hortons are there in the US in 2022?
623 Tim Hortons storesNumber of Tim Hortons stores in the United States in 2022 There are 623 Tim Hortons stores in the United States as of September 21, 2022. The state with the most number of Tim Hortons locations in the US is New York, with 240 stores, which is about 39% of all Tim Hortons stores in the US.
Is there Tim Hortons in Russia?
There are no Tim Hortons restaurants in Russia, but that hasn't stopped scores of Canadians from sending the restaurant chain angry messages on social media about doing business in the country.
Is owning a Tim Hortons profitable?
Owning a Tim Hortons can make some franchisees a salary of $40,480 per year for newer chains, and upwards of $107,660 for successfully established locations. However, being in this business is extremely hard work!
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
How much do Tim Hortons franchise owners make?
As shown above, the average Tim Hortons has $1,054,296 in Gross Sales in 2021. We will take the midpoint investment of a Standard shop, which amounts to $1,242,750. Based on this midpoint investment, A 10% profit margin would yield estimated annual profits of $105,430.
Why is there no Tim Hortons in USA?
The brand struggled to generate much enthusiasm from U.S. consumers in the more than a decade it was owned by Wendy's, and again after the brand was spun off in 2006. International brands frequently struggle to make it in the U.S., which is far more competitive than any other restaurant market on earth.
What is Tim Hortons net worth?
It is Canada's largest quick-service restaurant chain, with 4,949 restaurants in 15 countries as of March 2, 2022. Tim Hortons Inc....Tim Hortons.Tim Hortons in VancouverRevenueUS$ 3.34 billion (2021) US$ 6.52 billion (system-wide sales)Net incomeUS$ 997 million (2021)Total assetsUS$ 13.99 billion (2021)14 more rows
Did McDonald's get Tim Hortons coffee?
Tim Hortons wants you to know that it did not sell any aspect of its closely-guarded coffee recipe – including its supplier, blends and beans – to its competitor, McDonald's.
What states in the US have Tim Hortons?
All LocationsIndiana.Kentucky.Maine.Maryland.Michigan.New Jersey.New York.Ohio.More items...
Is there any Tim Hortons in the United States of America?
Tim Hortons has nearly 3,700 locations in Canada and the United States and serves more coffee than any restaurant chain except Starbucks. The 46-year-old company has more than 550 locations in the U.S., and is recognized as one of the fastest growing restaurant chains in the country.
Where are Tim Hortons located in the US?
Tim Hortons USA: Where We're at in 2020StateStores per StatePer CapitaNew York2338,348Michigan2114,733Ohio13487,238Oct 11, 2020
Why is there no Tim Hortons in USA?
The brand struggled to generate much enthusiasm from U.S. consumers in the more than a decade it was owned by Wendy's, and again after the brand was spun off in 2006. International brands frequently struggle to make it in the U.S., which is far more competitive than any other restaurant market on earth.
How many Tim Hortons are there in Canada?
Tim Hortons Franchise is Canada’s largest chain of 4,613 restaurants in nine countries. Its menu includes coffee and tea, hot and cold beverages, snacks and donuts. Hortons restaurant franchise provides exciting opportunities for running a successful business. Buying a Tim Hortons franchise, an entrepreneur receives the assistance of the franchisor, a package of trainings, franchise cost and profit balance tips and proven marketing and management approaches. How to open one of Tim Hortons franchises available for sale? Check out our list of Tim Hortons franchise requirements and investment information which includes all possible franchise fees, and choose the format that suits you.
How much money do you need to open a Tim Hortons?
In order to open a Tim Hortons restaurant franchise, you must have a net worth of more than $700,000. Appreciate the investment required for a franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
Background
The Tim Hortons franchise is a Canadian restaurant chain known for its coffee, doughnuts and connection to Canada’s national identity. Its namesake, Toronto Maple Leaf's defenseman Tim Horton, founded the business along with Montréal businessman Jim Charade. The first Tim Hortons doughnut franchise was opened in Hamilton, Ontario, in April 1964.
Support and Training Offered By Tim Hortons
New restaurant owners undergo seven week training program at the Tim Hortons University, which is located in Oakville, Ontario, at the offices of The TDL Group. The facility includes classrooms and a fully operational restaurant, which provides trainees with intensive hands-on experience.
Franchises Similar to Tim Hortons
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 656 franchised Tim Hortons locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many Tim Hortons are there in the world?
There are just under 5,000 Tim Hortons locations around the world, and unsurprisingly, the majority of them are in Canada (over 4,000). But through master franchising agreements, the iconic Canadian brand has grown internationally in recent years.
How many countries are there in Tim Hortons?
There are Tim Hortons in a total of 14 countries around the world, and this map shows you where you might be able to get your taste of Canada on an upcoming international trip!
Where are Timmies located?
While Tim Hortons is a beloved Canadian institution, many are surprised to learn that there are in fact Timmies locations in 13 other countries around the globe, from Latin America to Asia, and from Europe to the Middle East. We thought you might want to know where you can come across one on your next trip, whenever that is.
How many Tim Hortons locations are there in Canada in 2021?
There are 4,286 Tim Hortons locations in Canada as of August 08, 2021. The province with the most number of Tim Hortons locations in Canada is Ontario, with 2,083 locations, which is 48% of all Tim Hortons locations in Canada.
What is the default format for Tim Hortons POI?
CSV is our default format for all datasets. Please Contact Us if you need Tim Hortons POI data in Esri Shapefile, Excel, GeoJSON, KML (Google Earth) or any other custom format.
Is there a Tim Hortons in Canada?
There is at least one Tim Hortons location in every Canadian Province and Territory.
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Overview
History
The business was founded by Tim Horton, who played in the National Hockey League, from 1949 until his death in an auto crash in 1974. The first Tim Horton restaurant was located in North Bay, Ontario and sold hamburgers. The chain's first doughnut store opened on May 17, 1964, in Hamilton, Ontario, under the name "Tim Horton Donuts". The name was later abbreviated to "Tim Horton's" …
Locations
As of 31 December 2018 , Tim Hortons had 4,846 restaurants in 14 countries, including 3,802 in Canada, 807 in the United States, 29 in the Middle East, and 25 in the UK.
Tim Hortons had a presence on a number of military bases, including Kandahar in Afghanistan, although this latter outlet was principally intended for Canadia…
Menu
Tim Hortons' first stores offered only two products – coffee and doughnuts. Aside from its coffee, tea, hot chocolate, and doughnuts, the menu now contains a number of other baked goods, such as bagels – of which the brand sells one out of every two in the Canadian food service industry. Nutritional information on most menu items is made available by the company in a two-page brochur…
Marketing
Tim Hortons' advertising slogans have included "You've Always Got Time for Tim Hortons" and starting in the mid-2000s, "Always Fresh. Always Tim Hortons."
Canadian Business magazine named Tim Hortons as the best-managed brand in Canada in 2004 and 2005.
Since 2005, Tim Hortons has been the title sponsor of the Brier, the annual Can…
Community involvement
Tim Hortons sponsor community outreach programs including Free Skating, Free Swimming, Earn-a-Bike Program, Remembrance Day, Food Drives, the Smile Cookie program, Enactus, as well as a community clean-up project.
The store promotes itself through the "Tim Horton Children's Foundation." Founded by Ron Joyce, the Foundation sponsors thousands of underprivilege…
Controversies
The Great White North Franchisee Association, which was formed in 2017, represented Tim Hortons franchises involved in a series of ongoing disputes with the head office of Tim Hortons due to frustrations with Restaurant Brands International (the parent company of Tim Hortons and Burger King). GWNFA has filed class-action lawsuits against the Restaurant Brands International over the handling of the Ontario minimum wage hike (see below), inflated head office pricing, an…
See also
• List of Canadian restaurant chains
• List of coffeehouse chains
• List of doughnut shops
• Coffee wars