Tim Hortons Franchise
Wednesday, May 12, 2010 at 08:25PM Coffee shop and deli
The restaurant that became Tim Horton's got its start in Hamilton, Ontario, in 1964. By 1967, Ron Joyce, a franchisee of that company, had started an additional three stores, and he and Tim Horton, a National Hockey League legend, became official partners. In 1974, Horton was killed in a car accident and Joyce became sole owner of the company. Tim Hortons merged with Wendy's International Inc. in 1995 and has more than 1,800 locations in Canada and the United States.
The goal of Tim Hortons in the United States is to duplicate the same commitment to product quality, value, cleanliness, customer service and community leadership that has been established in Canada by our affiliate, The TDL Group Corp. These basic principles are best executed by owner/operators who are dedicated entirely to the hands-on operation of their Tim Hortons restaurants, and are supported by an extensive range of services provided by Tim Hortons and its affiliated companies.
As of July 2005, there are over 260 Tim Hortons locations in the United States. These are situated in Michigan, Ohio, New York, West Virginia, Kentucky, Maine, Rhode Island, Connecticut, Massachusetts and Pennsylvania. Future expansion and opportunities will continue in these markets for the next several years.
We are also actively seeking franchise applications for the province of Quebec where we anticipate strong future growth.
Start-up Costs & Franchises Fees
What is the total cost to open a Tim Hortons Franchises?
Total Cost: $409,200-$665,700
Total Franchise Fees: $35,000 USD
Ongoing Royalty Fees: 2.5% to 4.5 %
Ongoing Advertising Fees: 4%
Term of Agreement: 10 years
Contact Information for Tim Hortons
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Tim Hortons |
Phone Number: (614)791-4200 |
Tim Hortons In the Press
No results at this time.Historical Expansion
In what year did Tim Hortons begin operations? 1964
When did Tim Hortons begin selling franchises? 1965
Year United States Canada International Corporate 2003 134 2176 0 63 2002 0 0 0 0 2001 140 2060 0 120 2000 125 1880 0 120 1999 102 1630 0 256
Future Expansion
United States: Indiana, Michigan, Minnesota, New York, Rhode Island, Virginia, Wisconsin,
Countries of Interest: Canada,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Toll free phone number, Grand opening support, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks, Regional advertising support
Franchise Operation Restrictions
58% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 25 - 30
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience Track record of success
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes