Tim Hortons
Who are we
What to know about Tim Hortons franchise? You will operate a restaurant specializing in the sale of coffee and other non-alcoholic beverages, baked goods, soups, sandwiches and related products, under Tim Hortons USA Inc.’s distinctive format and operating system, including the TIM HORTONS marks (the “Franchised Restaurant”) Tim Hortons is based in Miami, FL. Scroll down to learn more!How much does a Tim Hortons franchise cost?Are you wondering how much is a Tim Hortons franchise? Before starting a Tim Hortons franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Tim Hortons franchise is $94,000 and can go all the way up to $2,162,500. Keep in mind, you should also allocate additional funds to live off of while the Tim Hortons business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Tim Hortons franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Tim Hortons business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Tim Hortons franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Financial Performance
Financial metrics highlight the strong performance and potential of owning a franchise.
Why we do it
Tim Hortons USA Inc.
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Franchisees
Updated on Mar 13, 2024Reviews
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There's no point in having a business if there is no margin to be made, so that should have been priority, instead of a reactionary response to increasing commodity prices. If a margin was threatened in a way that corporate was affected, I bet that would be addressed immediately.
Menu innovation/new menu offerings have been good, but our menu is still pretty complex
The delay in increasing prices after the pandemic was devastating to my business. Nobody likes to work for free. We had to operate for many months with no margin. I'm glad it's since been addressed but the ball was dropped regarding how long it took to improve profitability. It was as if Corporate waited for the outcry of Owners before anything was done. Commodity prices kept going up with no action. Owners take on the financial risk of business ownership, corporate staff earn a salary no matter what, so I believe our interests should have been taken care of better than they were.
YesPositiveApproveshorrible
nothing
everything
NoNegativeDisapprovesI wish that RBI and the franchisee could stand together and face the uncertain future together and share in either it's prosperity or in it's burdens so that there would be better balance rather than putting everything solely on the franchisee.
I do appreciate the expanded menu to help generate sales, leaning into community initiatives and looking forward to winter cookie
That we are doing pricing tests versus the actual costs and making sure there is a acceptable margin on products (products cost+fanchise and marketing cost+ labor costs+overhead+avialible profite)We the franchisee's have been expected to absorb the backdoor pricing increases the government increases of costs and labor and interest rates on loans. Yes we have been inventive to continue moving forward and still keep our business healthy but my biggest worry is that with the increased pressure on labor and our bottom line we will eventually lose the guest as we can't preform at that level for ever. We are doing more business with 20-30 hours of less labor, there is only so much you can squeeze before there is nothing left, we could increase sales even further if we had the ability to invest some labor into expanding sales. Increased cost of renovations topped with high interest rates pose our franchises to start loosing money and we are fortunate to have 4 locations in the top 5-10% and we work on our floors 5 days a week min.
NoNegativeNeutralI am extremely happy and proud to be a part of this brand. I feel very lucky. I do have ongoing concerns with climate change generally and how it will impact our business on a number of fronts. I'd like to close at 10pm!
constant iterations and development of new products. New innovations with limited and long term products, app etc. Huge recognition in the canadian landscape. Part of Canadian history
concerns about the long term viability of coffee products, not just brand specific. I would like, for my location specifically, to be able to close at 10.
YesPositiveApprovesTim Hortons was and still is the best Franchise in Canada,but, with our shoulders to the Timbit, we are challenged by some very high inclines.Stay the course!
Synonymous and Iconic Name and Brand in Canada.
As a Franchisee we once were referred to as Partners with TDL, not any more.
YesPositiveApproves