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Tim Hortons
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. The Tim Hortons chain was founded in 1964 in Hamilton, Ontario. The chain's focus on top quality, always fresh product, value, great service and community leadership has allowed it to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee, baked goods and homestyle lunches. More about the cost of owning a Tim Hortons franchise below.
Facts & figures
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Owning a Tim Horton’s Franchise
There are many benefits to owning a Tim Hortons franchise including:
- Established Brand: Tim Hortons is a well-known and respected brand with a loyal customer base. As a franchisee, you can take advantage of the brand recognition and benefit from the company's marketing efforts.
- Proven Business Model: Tim Hortons has a proven business model that has been successful for decades. The company provides training, ongoing support, and operational resources to help franchisees run their business effectively.
- Supportive Community: Tim Hortons franchisees are part of a supportive community of business owners who can share ideas and best practices. The company also offers networking opportunities, conferences, and events to help franchisees connect and learn from one another.
- Multiple Revenue Streams: Tim Hortons offers a variety of products, including coffee, baked goods, sandwiches, and soups. This allows franchisees to generate revenue from multiple sources and appeal to a diverse customer base.
- Growth Opportunities: Tim Hortons is continually expanding, providing franchisees with opportunities to open new locations and grow their business. The company also offers incentives to encourage franchisees to expand their operations.
- Financial Rewards: Owning a Tim Hortons franchise can be a profitable venture, with franchisees benefiting from the company's strong brand, multiple revenue streams, and ongoing support. However, like any business venture, success is not guaranteed, and profitability depends on several factors, including location, competition, and management.
Tim Horton’s Franchise Fee
The capital required to open a Tim Hortons franchise is $60,000. The minimum you would expect to invest in a Tim Hortons franchise 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 Tim Hortons Franchise. Today, the location count for this franchise has reached over 5,000.
Benefits to becoming a Tim Horton’s franchise owner
Overall, owning a Tim Hortons franchise can provide a rewarding and profitable business opportunity for entrepreneurs who are willing to invest time, effort, and resources into building a successful operation.
