how much does tim hortons franchise cost

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 does Tim Hortons pay in Ontario?

Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does Tim Hortons in Toronto, ON pay? Average Tim Hortons hourly pay ranges from approximately $11.80 per hour for Team Trainer to $20.62 per hour for Phone Operator.

Is there a Tim Hortons Senior Discount?

When placing an order at your nearest Tim Hortons, you can ask the cashier if there is a senior discount button. If there is, you should receive 10% off your order. Each franchise can set the age requirement for its senior discount; proof of age is not generally required.

How much does the CEO of Tim Hortons make?

Tims said in a U.S. securities filing that Mr. House will receive a raise to $750,000 a year, retroactive to his May 24 start date; he had previously been earning $300,000 annually.

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

The estimated opening cost for a new Tim Hortons shop, including for the initial set up and first three months of operation, ranges between $94,000 and $2,162,500 USD, which is approximately $120,667 to $2,776,001 CAD (as of July 2022 exchange rates).

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 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.

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 is 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 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 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 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.

How much does it cost to open a McDonald's franchise in Canada?

Generally, we require a minimum of $700,000 of non borrowed (unencumbered) personal resources to consider you for a franchise. Individuals with additional funds may be better prepared for multi-restaurant opportunities.

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 money does a Tim Horton’s Franchisee Make?

Therefore, the average franchisee likely makes around $180,000 in EBITDA.

Who owns Tim Horton's coffee?

The company has over 700 locations today and is owned by Restaurant Brands International along with Popeyes and Burger King.

How much is the royalty fee for franchising?

The ongoing royalty fee paid to the franchisor is between 4.5% and 6% of gross sales. This amount is due on Thursday of each week based on the prior week’s gross sales. Franchisees may pay reduced royalties based on various factors. Here is how all these costs break down:

Where is Tim Horton's coffee located?

Tim Horton’s is a popular Canadian franchise, serving up coffee and donuts since 1964 in Hamilton, Ontario. Founded by Canadian Hockey legend Tim Horton and Jim Charade, the two came up with the concept after a failed venture in hamburger restaurants.

Is Tim Horton's a good investment?

To determine whether this is a good investment, you must look at your other investment opportunities. If you don’t have the opportunity to invest elsewhere at greater than 12% then Tim Horton’s may be a good investment opportunity for you.