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Franchising Program
| The information in this section should prove helpful to a prospective restaurant owner in understanding and evaluating the purchase of a Tim Hortons Franchise. This information is not intended to supersede information contained in the Franchise Agreement or in the Franchise Disclosure Document (FDD) or other legal agreements. This FDD will be delivered at, or before, the initial meeting with the qualified perspective restaurant owner.
If you are interested in applying for a Tim Hortons Franchise after reading this information, kindly fill out an application, and return it the address shown on the last page of the application. THE INFORMATION IS APPLICABLE TO A STANDARD TIM HORTONS RESTAURANT WITH A DRIVE THRU (I.E. RANGING IN THE AREA OF 1,000 SQ. FT. TO 3,080 SQ. FT.). ALL DOLLAR AMOUNTS ARE IN US FUNDS. |
The initial investment required for a Tim Hortons franchise will vary, depending on your particular needs and choices. If the complete franchise package for a standard restaurant is purchased through Tim Hortons and if the restaurant owner leases the premises from Tim Hortons, the total initial investment will typically vary between approximately $340,000 to $511,097 for the equipment cost (plus sales tax if applicable), approximately $2,400 to $38,000 for real property cost, and a franchise fee of $35,000. There are also additional required pre-opening expenses that range between approximately $47,000 to $85,400. Please see additional information below regarding LOWER INITIAL INVESTMENT opportunities and FAQs.
LOW INITIAL INVESTMENT OPERATOR AGREEMENT
In addition to our franchise program, our belief in the ability of the Tim Hortons concept to make a positive impact on consumers in the U.S. has prompted us to make a substantial investment to encourage qualified individuals to join our franchise family. An operator agreement is available to qualified applicants in most markets, except Buffalo. The operator agreement is intended to attract appropriate franchise candidates for the Tim Hortons concept for the United States.
. The operator agreement allows the restaurant owner to rent equipment, trade fixtures, furniture and interior signs from us.
. A security deposit towards the equipment package (i.e. equipment, furniture, trade fixtures and sign) of $10,000 to $20,000 U.S. would be payable when you sign the Operator Agreement.
. ZERO franchise fee is due with an operator agreement.
. Additional required pre-opening expenses range between approximately $27,500 to $90,400 (i.e. living expenses through training, start-up supplies & initial inventory, professional license fees, insurance & workers compensation coverage, security deposits, initial ad & promotion, and additional funds for such things as first initial payroll and register til).
In SUMMARY: Operator Agreement
*These numbers do not include moving costs or immigration costs
Projected Cash Required by Takeover: $37,500 to $110,400* Security Deposit to THUSA $10,000 to $20,000 Additional Required Pre-Opening Expenses $27,500 to $90,400 Franchise Fee: ZERO Operator Fee: 20% of sales (includes your store rent, equipment rent, and royalties) Advertising: 4% of sales
Click here to download an application
If you are not a U.S. citizen you will need to comply with United States immigration laws and regulations, and additional investment requirements.
ALL COSTS ARE IN U.S. FUNDS.
*This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of those states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.
