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Tim Hortons
Coffee, baked goods, soups, sandwiches- 2023 Franchise 500 Rank
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#145 Not ranked last year
- Initial investment
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$247K - $2.2M
- Units as of 2022
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5,291 9.0% over 3 years
Company Overview
About Tim Hortons
Business Overview
Franchising Since | 1965 (58 years) |
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# of employees at HQ | 100 |
Where seeking |
This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 5,291 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tim Hortons franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
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$50,000 |
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Initial Investment
|
$246,500 - $2,162,500 |
Net Worth Requirement
|
$1,500,000 - $10,000,000 |
Cash Requirement
|
$500,000 - $4,000,000 |
Royalty Fee
|
6% |
Ad Royalty Fee
|
4% |
Term of Agreement
|
20 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Tim Hortons has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 179 hours |
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Classroom Training | 15.5 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
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Can this franchise be run from home/mobile unit?
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No |
Can this franchise be run part time?
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No |
Are exclusive territories available?
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No |
Interested in ownership opportunities like Tim Hortons? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Tim Hortons landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Tim Hortons ranked on other franchise lists? Find out below.
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