how to get franchise of tim hortons

How to open a Tim Hortons franchise?

1. Ensure you have adequate capitalization. In order to open a Tim Hortons restaurant franchise, you must have a net worth of more than $700,000.
2. Appreciate the investment required for a franchise. ...
3. Evaluate your prior experience and strengths. ...
4. Assess market availability. ...
5. Submit your application. ...
6. Receive approval & opening your Tim Hortons franchise. ...

Full Answer

Is Tim Hortons owned by the US?

Tim Hortons has faced a lot of challenges with its franchise model in the U.S., especially after it was taken over by the Brazilian private equity firm, 3G. Under 3G, Tim Hortons and Burger King were merged together to form one large company. Tim Hortons was previously owned by Restaurant Brands International Inc.

What is the cost of a Tim Hortons franchise?

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. There is a royalty fee of 4.5% to 6% and an advertising fee of 4% of your gross sales.

Is Tim Hortons a multinational corporation?

Tim Hortons is a multinational fast food restaurant based in Canada, known for its coffee and donuts. It is also Canada’s largest quick service restaurant with a total of 4613 restaurants in nine countries. It was founded on 17 th May 1964 in Hamilton, Ontario by a Canadian hockey player Tim Horton & Jim Charade.

Why is Tim Hortons successful?

Tim Hortons is possibly the leading publicly traded restaurant chain in Canada, it enjoys its success due to its inhabitation of a much smaller market in comparison to markets in U.S., India, and China. To be the best of the lot, Tim Hortons cannot exclusively depend on a single market.

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How much does it cost to open 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).

Is Tim Hortons a franchise?

Franchise Description: Tim Hortons USA Inc. is the franchisor. The franchisor is an indirect subsidiary of Restaurant Brands International. Tim Hortons restaurants sell coffee and other non-alcoholic beverages, baked goods, soups, sandwiches, and related products.

Can you open your own Tim Hortons?

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?

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 money do you need to open a Tim Hortons franchise?

For a Tim Hortons franchise to begin operation, you'll need around $695,500 to $1,837,400 to run a newly-built Co-Branded restaurant or from $135,300 to $219,600 for a renovated restaurant.

Is Tim Hortons privately owned?

On August 26, 2014, Burger King agreed to purchase Tim Hortons for US$11.4 billion. The two chains became subsidiaries of the Canadian-American holding company Restaurant Brands International, which is majority-owned by Brazilian investment firm 3G Capital, on December 15, 2014.

Who owns Tim Hortons right now?

It's owner, RBI, is an American-Canadian company, with its majority shareholder (3G Capital) based in Brazil. The main reason that 3G acquired Tim Hortons was to save over $1B in tax, by moving the combined company headquarters to Canada from the U.S., where they were paying a higher rate of corporation tax.

Who franchised Tim Hortons Philippines?

3 TH COFFEE3 TH COFFEE thus became the sole franchisee of the international trademark "TIM HORTONS" in the Philippines. In October 2016, TH COFFEE attempted to reserve the corporate name "TIM HORTONS PHILIPPINES, INC." with the CRMD.

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.

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.

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.

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 .

About Tim Hortons franchise

The company was established around 1964, in Hamilton, Ontario, by Canadian hockey players Tim Horton and Jim Charade after a first project in the hamburger industry.

Tim Hortons franchise cost

The process of establishing an Tim Hortons franchise requires heavy investment. New franchisees often face challenges with raising money, earning the money they earned tax-free, finding an appropriate site, and many more aspects.

Selection Process of Tim Hortons franchise

The process of selecting prospective Tim Hortons restaurant owners is an important decision, requiring an extensive process of interviewing and approval.

Training and Assistance

New restaurant owners take part in a seven-week intensive course of training at the Tim Hortons University, located in Oakville, Ontario, at the headquarters of our affiliate , The TDL Group.

Lawsuits filed against Tim Hortons franchise

Tim Hortons has been facing legal charges of a business scheme by their US franchisees. It is the Great White North Franchisee Association USA Inc is an organization that represents the majority of American Tim Hortons franchisees.

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.