Financial Requirements for a Tim Horton’s Franchise
- Initial Franchise Fee – $15,000 to $50,000
- Net worth – $1.5million
- Liquid assets – $500,000
- Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges – $1,000 to $22,000
- Equipment – $200,000 to $400,000
- Royalty – 4.5% to 6% of Gross Sales or more under limited circumstances
- Advertising Contributions – 4% of Gross Sales.
- Planning and Development and Design Costs – $20,000 to $80,000
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $50,000 |
| Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges | $1,000 | $70,000 |
| Equipment | $20,000 | $435,000 |
| Real Estate | Varies | |
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
How much does it cost to franchise Tim Hortons?
First and foremost, a Tim Hortons franchisee must have a net worth of about $700,000. 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.
How many training sessions are required for franchisees?
Franchisees undergo two training sessions. The franchisor requires franchisees to complete training before opening the store. The first phase (New Franchisee Orientation Training) covers management and operations. In addition to that, it also discusses business plans, real estate, and buying and selling.
What is The Real Cost of A Lemonshark Poke Franchise?
However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How many square feet does a standard shop have?
It can seat customers in an area of 1,000 to 2,300 square feet and typically has a drive-thru facility.
Is Tim Hortons a franchise?
Looking for a business to franchise but not sure what and how? Tim Hortons, a fast-food chain that specializes in coffee and doughnuts, is an excellent choice. But how much does a Tim Hortons franchise cost? It is one of the leading quick-service restaurant chains in the U.S. in 2019.
Does franchising offer direct financing?
However, the franchisor doesn’t offer indirect or direct financing nor guarantee a note, lease, or other obligations to the franchisee.
Who must conduct franchise operations?
Franchisees must comply with these franchise obligations and conditions: The franchise owner or representative approved by the PDRI must conduct the franchise operations. The delegated representative must complete the training program, and manage the store full-time.
