how much to buy a franchise of tim hortons

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 ...

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 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 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).

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.

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

Is Tim Hortons a Canadian franchise?

Tim Hortons Franchise is Canada's largest chain of 4,613 restaurants in nine countries. Its menu includes coffee and tea, hot and cold beverages, snacks and donuts. Hortons restaurant franchise provides exciting opportunities for running a successful business.

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

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.

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 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.