how much does it cost for tim hortons franchise

How much does it cost to buy Tim Hortons?

How much does it cost to buy a Tim Hortons? $60,000 is required in available capital if you want to become a franchisee. $60,000 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $665,700.

How much do Tim Hortons owners earn annually?

Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! Net earning: $174,280 after taxes and overhead expenses. ** Tim Hortons franchisees in Saskatchewan were even more lucrative with net profit almost $400,000!!! In year 2011 (three years from 2008), well, you can guess the number will only go in one direction: UP!

How much money does Tim Horton make a year?

How much money does a Tim Hortons franchise owner make? Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! Net earning: $174,280 after taxes and overhead expenses.

How much does Tim Hortons pay in New York State?

Tim Hortons Truck Driver in New York State makes about $29.42 per hour. What do you think? Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Tons of great salary information on Indeed.com

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How much does it cost to start Tim Hortons?

4.5% to 6% of gross sales. 4% of gross sales. Costs of audit plus interest....The Hummus Republic.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

Can Tim Hortons be franchised?

The minimum you would expect to invest in a Tim Hortons location is $298,650. $1,394,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $25,000 franchise fee for the rights to open their own location.

How much does a McDonald's franchise cost?

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.

What is the cost of a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

How much does a Tim Hortons owner make a year?

Unfortunately, franchise owner salaries can be drastically different depending on where the restaurant is located and how well it's doing. 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.

Is owning a Tim Hortons profitable?

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.

How much is a KFC franchise?

For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.

Whats the most profitable franchise?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

What does a Pizza Hut franchise cost?

Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts.

What does a Taco Bell franchise cost?

Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.

How much is it to franchise a subway?

How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.

How much is it to buy a Domino's franchise?

Initial franchising fee: The Domino's initial franchise fee is $10,000 for building a new store or refranchising a closed store. Do note that Domino's sometimes charges a "reservation fee" of $25,000. The franchise disclosure document that you receive will have more details on this additional fee.

How much does it cost to buy a Tim Hortons franchise in Canada?

We provide estimated franchise costs for some countries: - In the United States, the total investment to start the Tim Hortons Restaurant is around $680,900 to $1,906,300. - In Canadian currency, the investment comes around Can$871,600 to Can$2,440,300.

How many franchises does Tim Hortons have?

Tim HortonsTim Hortons in VancouverFoundedMay 17, 1964 Hamilton, Ontario, CanadaFoundersTim Horton Jim CharadeHeadquartersToronto, Ontario, CanadaNumber of locations5,352 (June 30, 2022)13 more rows

How many Tim Hortons franchises are there 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.

Who owns Tim Hortons?

Wendy'sRestaurant Brands InternationalTim Hortons/Parent organizations