how much to buy a tim hortons franchise in canada

Individual Unit Costs

• Initial Investment: $135,300-$2,068,500
• Initial Franchise Fee: $35,000
• Royalty Fee: 4.5%
• Advertising Fee: 4% of Gross Sales
• Term of Agreement: 10 years

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

How much does a Tim Hortons owner make a year?

How much do Tim Hortons Franchises Make? The Gross Sales across Tim Hortons Standard shops for the year ending December 31, 2021 is shown below. The average Tim Hortons reported $87,858 in monthly Gross Sales; the median Tim Hortons, $90,431.

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

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.

Is owning a Tim Hortons profitable?

Extremely good. During that seven-year span, the average Hortons outlet earned nearly $1.5 million (before interest and taxes) and watched profits grow from $174,280 in 2002 to more than $265,000 in 2008.

How much does a Mcdonald's franchise cost 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.

How hard is it to own a Tim Hortons?

In order to open a Tim Hortons restaurant franchise, you must have a net worth of more than $700,000. Appreciate the investment required for a franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.

How much is a Burger King franchise in Canada?

The franchise fee for Burger King is $50,000. The total investment to open and operate a Burger King of Canada franchise ranges from $1.4 million to $2.5 million. A 4.5% royalty on monthly gross sales is paid to the company, in addition to a 4% advertising fee.

Is it good to invest in Tim Hortons?

So at the end of the day, the decision to buy Tim Hortons depends on your priorities. 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.

Is a franchise a good investment?

If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.

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 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 Is a Subway franchise?

The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.

How much does it cost to franchise a KFC?

For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.

How much money does franchise owner make?

The Numbers According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.

Is Tim Hortons losing money?

Article content. Tim Hortons' annual sales of US$6.5 billion in 2021 beat 2020 by roughly 19 per cent and came just shy of 2019's US$6.7 billion. “The back-to-basics plan is working,” RBI chief corporate officer Duncan Fulton said on Tuesday.

How much money does the CEO of Tim Hortons make?

At Tim Hortons, the most compensated executive makes $700,000, annually, and the lowest compensated makes $65,000. Comparably has 1 executive salary records from Tim Hortons employees including job titles like VP of Operations.

How much money does TIMS make?

Canadian quick service restaurant (QSR) chain Tim Hortons generated revenue of approximately 3.34 billion U.S. dollars....Revenue of Tim Hortons from 2015 to 2021 (in billion U.S. dollars)CharacteristicRevenue in billion U.S. dollars--6 more rows•Jul 27, 2022

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 many steps are there to become a Tim Hortons franchisee?

Thank you for your interest in the Tim Hortons ® brand. There are six (6) steps to becoming a Tim Hortons ® Franchisee.

How many experience days are required for Tim Hortons?

Candidate participates in 2 experience days at a Tim Hortons ® restaurant (registration fee required).