Detailed Information on Tim Hortons’ Initial Franchise Fee, Royalty Fee + 23 Other Fees (Items 5 and 6, 2022 FDD)
- 1. Initial Franchise Fee: $50,000 for a Standard Shop, $25,000 for a Non-Standard Shop ...
- 2. Initial Training Fee : varies ...
- 3. Equipment, Fixtures, and Signage: $60,000 to $435,000 for a Standard Shop, and $20,000 to $77,000 for a Non-Standard Shop ...
- 4. Development Fee: $25,000 multiplied by the number of Franchised Restaurants you commit to develop ...
...
Papa Murphy's Take 'N' Bake Pizza.
| 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
See more
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 profitable is a Tim Hortons?
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 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 it good to invest in Tim Hortons?
If you're looking for a strong, stable company you can count on, then Tims is a great option. But if you're looking for something with more upside that could result in spectacular gains, then you should look elsewhere.
Who makes more money Tim Hortons or Mcdonalds?
In 2021, the leading restaurant chain in Canada in terms of gross sales was Tim Horton's at over 8.2 billion Canadian dollars. McDonald's ranked second with six billion in gross sales.
What is the ROI for Tim Hortons?
Tim Hortons Inc. achieved return on average invested assets of 22.64 % in III. Quarter, below company average return on investment. ROI decreased compare to previous quarter, due to detoriation of net income....29.96 %Return On Investment THI's RankingWithin:No.Overall# 432 more rows
How much does a Tim Hortons make in Canada?
How much does a Tim hortons make in Canada? The average tim hortons salary in Canada is $29,469 per year or $15.11 per hour. Entry-level positions start at $27,300 per year, while most experienced workers make up to $36,075 per year.
How many coffees does Tim Hortons sell a day?
five million cupsHow many coffees does Tim Hortons sell a day? Tim Hortons sells over five million cups of coffee every day.
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 much does it cost to invest in Tim Hortons?
The minimum you would expect to invest in a Tim Hortons location is $60,000. $665,700 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location.
When was Tim Hortons founded?
Start your business! Tim Hortons is Canada's largest quick service restaurant chain. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods.
What is Capriotti's sandwich shop?
Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.
Is Tim Hortons a franchise?
Tim Hortons is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $70,000 .
How much does a Tim Hortons Franchise make?
From my digging around, I’ve read that average franchisees (in 2006) made around 16%-20% profit after all expenses but without real numbers for backup. However, the big court case between franchisees and the parent company in 2011 made some of the numbers public.
How much did Tim Hortons make in 2008?
In 2008, the average Tim Hortons franchisee profited $265k after all expenses. We don’t know the actual average revenue numbers for 2008 to earn the $265k, but they disclose that between 2002 and 2008, the average franchise earned (before interest and taxes) $1.5M which fits franchisee profit range of 16%-20%.
How long does a Tim Hortons opening crew last?
a store opening crew to assist in the opening of a Tim Hortons restaurant (for a maximum period of two weeks)
How much of a franchise cost must be unencumbered?
At least $144,000 of the franchise cost must be unencumbered (cash or liquid assets), in addition to $50,000 in working capital (also unencumbered). The remaining amount may be financed through the chartered banks, upon approval of a franchise.
Is Tim Hortons like a money printing machine?
While it’s apparent that owning a Tim Hortons is like having a money printing machine, most do not realize the costs involved, and how much an owner really takes home. When doing my research on the costs, I was surprised with how much the parent company takes off the top.
Is Tim Hortons a Canadian company?
With Tim Hortons being one of the most successful Canadian franchises, I’m willing to bet that you have wondered about the Tim Hortons business. that is specifically how much revenue/profit a single location generates and how much it costs to start one up.
Does Tim Hortons pay royalty?
Not only do they need to cover typical operating expenses, Tim Hortons franchises need to pay a weekly royalty, monthly marketing fee (similar to royalty), and monthly rent. If that wasn’t enough, the start up costs are quite high. As mentioned, Tim Hortons will build the location, but the franchisee is responsible for the startup equipment and the initial franchise fee.
How To Get A Tim Hortons Franchise?
You need to apply, have the income/capital, and have the knowledge on how to run a successful business. You will need to go through a few procedures when applying. The best way to go about explaining the process is by outlining what’s already written on Tim Horton’s official website. The first step is what they call “Candidate Inquiry”. At this stage, you have to make sure a few things are up to par. First, you need to complete the pre-qualification questionnaire. On this questionnaire, you will have to fill out a generic form that asks questions ranging from your name to how much you hope to earn. Furthermore, there are 4 steps to this questionnaire. Therefore, it’ll take a bit of time to complete that process.
How Much Can I Make From It?
Usually, companies don’t disclose how much their franchises profit on average . Luckily for us, we can get a rough estimation due to a series of unfortunate events that took place against Tim Hortons. Apparently, there a rather large class-action lawsuit filed against Tim Hortons at the beginning of the 2010s. While we won’t get into what the lawsuit was about, we will talk about what Tim Hortons made public.
