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2024 Franchise 500 Rank
N/R Ranked #145 last year
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Initial investment
$247K - $2.2M
Units as of 2022
5,291 Increase 9.0% over 3 years

Company Overview

About Tim Hortons

Industry Food
Related Categories Coffee, Baked Goods, Doughnuts
Founded 1964
Parent Company Restaurant Brands Int'l.
Leadership Jose Cil, CEO
Corporate Address 5707 Blue Lagoon Dr.
Miami, FL 33126
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 1965 (59 years)
# of employees at HQ 100
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 5,291 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Tim Hortons franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$50,000
Initial Investment Information Circle
$246,500 - $2,162,500
Net Worth Requirement Information Circle
$1,500,000 - $10,000,000
Cash Requirement Information Circle
$500,000 - $4,000,000
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
4%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Tim Hortons has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 179 hours
Classroom Training 15.5 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Tim Hortons landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022