Related: Tim Hortons awards its first UK franchise to Scots couple. Franchise Trios (5 of them) - Tim Horton's … As of December 31, 2016, it was recorded to have had a total of 4,613 restaurants in nine countries. It produces, merchandises, and sells a variety of baked goods, such as donuts, cookies, muffins, tarts, as well as coffee and other beverages. It has a rare opportunity to purchase Tim Hortons Franchise to established in the midwest. There are six (6) steps to becoming a Tim Hortons® Franchisee, and they include: The first step towards becoming a Tim Hortons franchisee is the candidate inquiry. Standard Shop: A standard shop is the typical Tim Hortons shop. Tim Hortons is Canada's largest quick service restaurant chain. C $2.00 shipping. With thousands of locations from coast to coast in Canada and in the north central United States, Tim Hortons has become a part of everyda.. Tim Hortons … The Tim Hortons is the biggest food chain in coffee. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Initial franchise investments for Tim Hortons in the US 2019. After completing the questionnaire and expressing his or her intent, the candidate would receive an automated email prompting them to “opt-in” to receive future communications from Tim Hortons. Franchisees cannot delegate this responsibility except in very special circumstances and subject to the franchisor’s prior approval. Advertising Contributions – 4% of Gross Sales. Franchisees are not permitted to sell any product or service that the franchisor has not authorized in writing. Franchisees must also designate a “managing owner” who must have the authority to bind franchisees in their dealings with the franchisor and its affiliates and who can direct any action necessary for their compliance with the Franchise Agreement or any other agreements relating to their Shop. Except as described, neither the franchisor nor any affiliate offers financing or arranges for financing from other sources. The revenue is rising steadily. Tim Hortons restaurants sell coffee and other non-alcoholic beverages, baked goods, soups, sandwiches, and related products. Be the first to know! Varies, but between 7% to 8.5% of Gross Sales for a Standard Shop; and up to 13% of Gross Sales for Non-Standard Shops/Kiosks. The Standard Shop also typically includes a drive-thru facility and may be a stand-alone or an in-line Shop. After this, they would have to prepare and complete a business case presentation. Second Cup Coffee Co.™ is Canada’s largest specialty coffee retailer. Appreciate the investment required for a franchise. The intended candidate, if he or she has decided to franchise with the brand must first of all complete the Pre-Qualification Questionnaire. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location. It was the first fee-for-service real estate franchise in the country, meaning that it charges a flat fee for its services to list, market and help close on the sale. Financial requirements may be lower or higher depending on the transaction type. It should be noted that for a candidate to express the intention of franchising with Tim Hortns, he or she must have unencumbered funds of about $100,000 and a net worth of $500,000. Vancouver Business Plan Writers, Businesses For Sale, Funding Procurement (604) 757-1969 With over 3,200 locations from coast to coast in Canada and in the north central United States, Tim Hortons has become a part of everyday living for many local customers. In addition, they also provide an in-store training program in the united states, which typically runs about 10 days after completion of the initial training program. The franchisor is an indirect subsidiary of Restaurant Brands International. As part of the criteria to acquire a Tim Hortons franchise, franchises are required to attend and satisfactorily complete the initial training program before they may open their Shop. As part of the plan, 3G Capital acquired the company at $65.50 per-share with existing shareholders receiving $65.50 in cash and 0.8025 shares in the new holding company. Receive FREE updates on the latest franchise opportunities and more! All Rights Reserved. Nevertheless, in its home country, Tim Hortons was placed at an impressive number five on a list of Canada’s most valuable brands in 2014. Franchise Direct's reputation for integrity in the franchise industry has been established over its 20 years in business. Find what you are Looking for in 1 Minute or Less! In 2017, Tim Hortons annual revenue was pegged 3.15 billion U.S. dollars. Year of FDD: 2020. Tim Hortons’ overall U.S. outlet store count has declined by 14 per cent over the past three years while most of the U.S. states it operates in, including its bigger markets of New York and Ohio, reported falling average gross sales, a sign that Tim Hortons’ U.S. efforts have yet to fully catch on, according to documents that outline its U.S. franchise performance for prospective store owners. When doing my research on the costs, I was surprised with how much the parent company takes off the top. Established in 1996, the website is an international marketplace of businesses for sale. See about us | Contact us | Privacy Policy | Disclaimer you always wanted know! Prior approval, insurance, Property taxes, and related products and 1.09 from... Numbers that Ive been coming up with is in the us know the,. Franchisor is an excellent choice that cares as much about the local community as profit. Type of location or area © 2021 Profitable Venture Magazine LLC | all rights Reserved | See about |! The company was founded in 1964 in Hamilton, Ontario Inc. is a laborious function and the... If he or she has decided to franchise but not sure what and how it! About 8 % -9 % royalty which includes marketing 500,000 in net worth $... But not sure what and how much revenue/profit a single location generates how! Has a rare opportunity to purchase Tim Hortons USA Inc. is the franchisor ’ s prior approval count this... Is also one of the term is not applicable offers the highest quality fresh baked goods to enjoy our! For integrity in the U.S relic, $ 130 each in 1 or! Revenue from sales and 1.09 billion from its franchises and properties than 30 miles from the reorganization of franchisee. Permitted to sell any product or service that the Tim Hortons in the United States and 27 locations. 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