Tim Hortons Franchise | FAMOUS Canadian Coffee Chain ⭐

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Tim Hortons is a Canada-based company that sells coffee and other non-alcoholic beverages as well as baked goods, soups, and sandwiches. They were founded in 1984 in Ontario and have since grown, with 5,291 stores currently operating in the United States. Tim Hortons has recently pursued expansion into international markets, with 42 additional franchised locations in Latin America. With a large presence in North America, Tim Hortons is Canada’s largest quick-service restaurant chain.

This video was based on an exclusive Vetted Biz analysis, click here for the full report:

Tim Hortons Franchise Cost Detailed For 2022

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00:00 Introduction
00:15 About Tim Hortons
01:06 Two Different Concepts
02:04 Tim Hortons Growth
02:28 Franchise Gross Sales
02:48 Time to Recoup the Initial Investment
03:42 Conclusion

#TimHortonsFranchise #VettedBiz

Tim Hortons is a subsidiary of Restaurant Brands International (RBI), a Canadian Corporation. Notably, RBI also owns Burger King, Popeyes Louisiana Kitchen, and Firehouse of America.

Stepping into the beverage industry
A particular form or branch of economic or commercial activity. Subindustries are often referred to as categories on Vettedbiz.com
– and more specifically the quick service coffee industry – can be a daunting task, considering the significant start-up costs and the increasingly competitive nature of the industry. This article will break down the Financial Disclosure Document for Tim Hortons and provide all the information that prospective franchisees should know before making an investment decision.

Tim Hortons offers two types of franchises: the “Standard Shop” – a typical Tim Hortons shop – and the “Non-Standard Shop”– generally a built-in kiosk or full-service cart. The Standard shop typically contains seating for customers, has drivthruru, and is between 1,000 and 2,300 square feet, although some Standard shopmaybebdrivthruru only and others may be locateinsidedf malls and airports. The Non-Standard shop may either be a built-in kiosk, which varies by size, oa r fulservicece cart, which is generally smaller and has a limited menu. QUICK-SERVICE COFFEE INDUSTRY IS WELL-ESTABLISHED AND HIGHLY COMPETITIVE IN AMERICA. TIM HORTONS EXPECTS ITS FRANCHISES TO COMPETE WITH NATIONALLY ESTABLISHED CHAIN STORES, SUCH AS STARBUCKS, PEET’S COFFEE, AND DUNKIN DONUTS, AS WELL AS LOCAL STORES AND INDEPENDENT RESTAURANTS.

The estimated cost of a Tim Hortons franchise depends on a variety of factors; namely, whether you choose to franchise a Standard shop or a Non-Standard shop and whether the Standard shop follows the new model or is a “within petro” location. To break it down,

A Standard shop under the new model costs $1,044,000 to $1,441,500.
A “within petro” Standard shop – a shop in partnership with a gas station – costs $246,500 to $641,500.
A Non-Standard shop costs $94,000 to $270,000.
A breakdown of the costs is shown below. Note that an initianonrefundablele franchise fee of $50,000 is due upon signing the Franchise Agreement for Standard Shops and a fee of $25,000 is due for Non-Standard shops.

Note that a majority of the costs for each of the three types of shops come from the line items “Planning and Development Costs”, “Site Development Costs”, and “Building Costs”. The first two costs only apply to newly constructed Franchised Restaurants, so existing restaurants would not need these costs. Building Costs are estimates to construct a building’s structure and systems; for those that don’t need to be built from the ground up, these costs include refurbishment costs, such as the installation of a drive-thru.

The Tim Hortons Franchise must be operated in compliance with the Franchise Agreement. Tim Hortons will provide a Confidential Operations Manual that will contain standards that must be followed. These standards include what proprietary items may be sold and restrictions on store build-out, computer software, and supplier and product approval.

Additionally, Tim Hortons expects new franchisees to participate in the Tim Hortons Training Program before opening their shop. This training program, based in Columbus, Ohio, provides the skills necessary to properly operate a Tim Hortons shop, and takes approximately 20 business days over a 1 to 6 week period.

This video was based on an exclusive Vetted Biz analysis, click here for the full report:

Tim Hortons Franchise Cost Detailed For 2022

Want to have a franchise specialist support you day-to-day in your franchise search/ analysis? Click here for more information:

How We Help Franchise Buyers Find The Right Franchise



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