Tim Hortons Inc. is a Canadian multinational fast food restaurant chain. Based in Toronto, Tim Hortons serves coffee, doughnuts and other fast food items.It is Canada’s largest quick-service restaurant chain, with 4,846 restaurants in 14 countries as of December 31, 2018
The company was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton and Jim Charade, after an initial venture in hamburger restaurants. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multi-billion dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996.
Tim Hortons Franchise is Canada’s largest chain of 4,613 restaurants in nine countries. Its menu includes coffee and tea, hot and cold beverages, snacks and donuts. Hortons restaurant franchise provides exciting opportunities for running a successful business. Buying a Tim Hortons franchise, an entrepreneur receives the assistance of the franchisor, a package of trainings, franchise cost and profit balance tips and proven marketing and management approaches. How to open one of Tim Hortons franchises available for sale? Check out our list of Tim Hortons franchise requirements and investment information which includes all possible franchise fees, and choose the format that suits you.
Why Tim Hortons Franchise
Tim Hortons is the QSR leader in Canada, and is experiencing rapid growth in the US. Our brand is known for offering high-quality products, providing a great experience for our franchisees and for the impact we have in the community.
We are the third largest coffee chain in the world further proving that the Tim Hortons concept resonates globally.
ICONIC BREAKFAST, AMAZING LUNCH
We have created a competitive menu that satisfies Guests 24/7. Tim Hortons has extensive breakfast, lunch and dinner offerings, and we are always innovating with new products to satisfy our Guests and franchisees.
We provide our franchisees with guidance and support throughout the entire process, including support during the site selection, construction, and design phases. Our job is to help you succeed.
The final step of the process involves a seven-week training program in our head office of Oakville, Ontario, where you will meet fellow franchisees and learn the ins-and-outs of running a successful Tim Hortons.
Tim Hortons has established a strong presence in many states. The potential for qualified franchisees is as limitless as the potential of the Tim Hortons brand, with several markets currently under development and many more soon to come.
What Is Tim Hortons Franchise Cost
|Liquid capital required||₹60,000|
|Investment||₹60,000 – ₹665,700|
The capital required to open a unit is ₹60,000. The minimum you would expect to invest in a Tim Hortons location is ₹60,000. ₹665,700 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a ₹35,000 franchise fee for the rights to open their own location. Today, the location count for this franchise has reached 3800.
What Are Things Required For Tim Hortons Franchise
Ensure you have adequate capitalization.
In order to open a Tim Hortons restaurant franchise, you must have a net worth of more than $700,000.
Appreciate the investment required for a franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Tim Hortons franchise owner.
Assess market availability.
You will want to look at the market availability for Tim Hortons franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
Submit your application.
Your application will be reviewed by the Tim Hortons franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
Receive approval & opening your Tim Hortons franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How To Apply For Tim Hortons Franchise
1. Candidate Inquiry
Candidate completes the Pre-Qualification Questionnaire.
Candidate receives an automated email prompting them to “opt-in” to receive future communications from Tim Hortons®.
Minimum financial requirements:
Net worth – $500,000
Unencumbered funds – $100,000
2. Discovery Call and Background Screening
Once Pre-Qualification Questionnaire is complete and if the candidate meets initial requirements, the franchising team will contact the candidate for a Discovery call
Qualified candidates will be invited to complete credit and criminal checks, an Asset Verification letter and sign a Non-Disclosure Agreement (NDA)
3. Operations Interviews
Two or more interviews are scheduled with Operations Representatives
Candidates prepare and complete a business case presentation
4. Restaurant Experience Days
Candidate participates in 2 experience days at a Tim Hortons® restaurant (registration fee required).
5. Senior Leadership Team Interview
Candidate interviews with a member of the Senior Leadership (Head of Operations or President of Tim Hortons® Canada)
6. Final Approval and Training
Candidates who complete all steps successfully, will considered for future franchising opportunities
Prior to operating a restaurant, applicants are required to complete 3-5 weeks of Tim Hortons® training.