How Much Does A Tim Hortons Franchise Cost?

05.10.2019
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How Much Does A Tim Hortons Franchise Cost?

In this article we will talk about tim hortons franchise profit and tim hortons franchise application conditions. More information about Tim Hortons franchise transactions that coffee enthusiasts know very well can be found in this article.

When it comes to Canada, the first thing that comes to mind after the cold is Tim Hortons. Tim Hortons, who is indispensable for Canadians and who are very popular, is a very successful business in the field of coffee. Tim Horton’s is a very popular restaurant, serving coffee as well as food such as donuts and sandwiches.

Tim Hortons franchise application

Tim Hortons franchise application

You can find the conditions for getting a franchise from a business that is so popular and admired in the continuation of this article. What you should know about Tim Horton’s franchise, which is quite interesting and a wise investment:

Tim Hortons Benefits

  • Very strong and well-known brand. You have a very low probability of failure. Because the brand you work under the name has a very high value and customer potential.
  • Not only coffee but also breakfast sandwiches and snacks.
  • Tim Horton’s values ​​franchise owners very much to maintain their success. For this reason, it educates and supports franchisees with very high level trainings.
  • Currently a continuously developing company and preparing to open up to foreign markets.

How Much Does A Tim Hortons Franchise Cost?

In fact, the initial costs of Tim Hortons are slightly higher than you might think. Because in this franchise system, there is something different from the others. Normally the equipment from the establishment stage meets the business from which you receive the franchise. But Tim Horton’s is the opposite. You receive all starting equipment.

Tim Hortons franchising

Tim Hortons franchising

  • Costs may vary depending on the location of the restaurant and the size of the restaurant. But if you want to apply for a franchise, you must have $ 1.5million in net worth and $ 500,000 in liquid assets in order to qualify. This information is taken from the Tim Horton’s website.
  • To reach a 20-year franchise agreement, the franchise fee is $ 35,000.
  • A weekly Royalty fee of 6% of gross sales for the term of the License;
  • A monthly Advertising levy of 4% of gross sales for the term of the License.

Personal Qualification Requirements

Just having your money doesn’t make you have Tim Horton’s franchise. Tim hortons franchise owners to be able to enter a list, you must have certain personal attributes.

Tim Hortons franchise owners

Tim Hortons franchise owners

• Commitment to brand value and name is the most important point.

• Business ethics and strong character

• Ambitious candidates are waiting for full-time and continuous work.

• It would be a great advantage to have been at a managerial level in a similar job.

• Strong leadership qualities and team spirit

• Be able to provide the necessary personnel training and be in a position to be responsible for selecting the right personnel.

• Practical and robust business intelligence

You need to prove to the company yourself and how much you want this job. Otherwise, no matter how much money you cannot get franchise. Adherence to the brand and the adoption of the brand principles is very important. Also, if you live in Canada or outside the US and want to buy franchises in these areas, unfortunately this is not possible at this time. They do not yet offer franchise services in the foreign market.

How Much Money Can You Make?

Tim Horton’s has made a name and is a pretty popular restaurant. Therefore, there is no harm in keeping your earnings expectations high. Your profits will be high as the potential of the customers is very high and perhaps the only place where Canadians like to drink coffee.

Tim Hortons franchise

Tim Hortons franchise

In a popular and crowded location, Tim Horton’s can profit up to $ 50,000 per month. You have an average annual profit of $ 600,000. This is also quite satisfactory.

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