how much tim horton franchise

Tim Hortons franchise costs, based on Item 7 of the company’s 2022 FDD:

• Initial Franchise Fee: $50,000
• Real Estate Taxes, Personal Property Taxes, and CAM Charges: $5,000 to $70,000
• Equipment: $337,000 to $375,000
• Real Estate: variable
• Planning and Development and Design Costs: $20,000 to $100,000
• Site Development Costs: $100,000 to $230,000
• Building Costs: $476,000 to $504,000
• Training: $20,000 to $27,000

Full Answer

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.

See more

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.

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 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.

Who is FT in Million Dollar Journey?

FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

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 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.