Quick Summary

Tim Hortons is Canada’s largest quick-service restaurant chain, boasting nearly 6,000 stores across 13 countries. Founded in 1964 by NHL player Tim Horton and businessman Jim Charade, the first Tim Hortons store opened in Hamilton, Ontario. Over the years, it has become a cultural icon, known for its coffee, doughnuts, and community connection.

The chain’s menu has expanded to include sandwiches, soups, and specialty drinks, ensuring continued appeal. Despite multiple ownership changes, Tim Hortons remains a strong franchise opportunity backed by over 55 years of brand recognition and customer loyalty.

Key Takeaways

• Tim Hortons operates 5,701 locations worldwide, making it Canada’s largest quick-service restaurant chain.

• Franchise opportunities include single and multi-unit agreements, with investments ranging from $680,900 to $1,906,300.

• Franchisees undergo a 7-week training program at Tim Hortons University, ensuring quality standards are met.

• Ongoing costs include a 4.5%-6% royalty fee on gross sales and a 4% advertising contribution.

Is Tim Hortons A Franchise?

Yes, Tim Hortons operates as a franchise, offering lucrative opportunities for entrepreneurs interested in leveraging its extensive brand recognition.

Franchise models include both single-unit and multi-unit agreements, allowing experienced operators to expand their portfolios. Tim Hortons’ adaptability includes offering traditional storefronts as well as non-standard locations such as kiosks and carts. This flexibility enhances accessibility for potential franchisees.

Tim Hortons’ expansion into the U.S. market includes tailored menu adaptations, emphasizing its commitment to meeting diverse customer preferences while maintaining its Canadian heritage.

How Many Tim Hortons Are There?

As of September 2023, Tim Hortons operates 5,701 locations across 13 countries. These include:

• Traditional storefronts in urban and suburban areas.

• Non-standard locations in airports, military bases, and universities.

Tim Hortons is planning further expansion in the southeastern United States as part of its five-year growth vision (2022-2027). The company’s international footprint continues to grow, with its first location in Seoul, Korea, set to open in 2024.

What Training Is Required To Open A Tim Hortons?

Tim Hortons franchisees must complete an intensive 7-week training program at Tim Hortons University. The program includes:

Initial Training:

• 179 hours of on-the-job training

• 15.5 hours of classroom instruction

Ongoing Training:

• Online courses

• Regional meetings

• Refresher courses

Tim Hortons also assigns Operations Business Consultants to assist franchisees with quality assessments, operational improvements, and adherence to brand standards.

How Much Does It Cost To Open A Tim Hortons?

The initial investment required to open a Tim Hortons franchise ranges from $680,900 to $1,906,300, depending on the size and format of the restaurant.

Cost Breakdown:

• Initial Franchise Fee: $50,000 for a standard shop; $25,000 for a non-standard shop.

• Royalty Fee: 4.5%-6% of gross sales.

• Advertising Fee: 4% of gross sales.

• Additional Costs: Variable maintenance expenses, equipment purchases, and construction costs.

Financial Requirements:

• Net Worth: At least $500,000

• Liquid Capital: At least $250,000

Tim Hortons provides dedicated support to help franchisees meet these financial and operational requirements.

How Much Does A Tim Hortons Make A Year?

While individual earnings vary based on location and performance, Tim Hortons franchise owners typically generate significant revenue. Key metrics include:

• Annual Gross Sales per Location: Between $420,000 and $1,400,000.

• Annual Profits: Franchise owners earn between $84,000 and $280,000 annually, depending on operational efficiency and market demand.

Franchise Empire’s Thoughts

Tim Hortons’ reputation for quality products and community connection makes it a standout franchise opportunity. With its established brand presence, comprehensive training program, and growth potential in the U.S. and beyond, Tim Hortons offers an enticing investment for entrepreneurs ready to join a leading quick-service chain.

Aspiring franchisees should evaluate financial readiness and operational capabilities to ensure success in this competitive market.

Interested in exploring more franchise opportunities? Check out our guide to 5 Low-Cost Franchises That Make $1,000,000 and discover how to maximize your investment potential!