Let’s take a look at four of our favourite opportunities. At Tim Hortons the large is equivlant to McDonalds small and its over 2 bucks with taxes. Sorry missed one The Tim Hortons mobile app must be presented and scanned before paying. Also, there’s no such word as layed. a weekly Royalty fee of 4.5% of gross sales for the term of the License; a monthly Rental fee (which is the greater of a fixed minimum rent or 8.5% of gross monthly sales); a monthly Advertising levy of 4% of gross sales for the term of the License. I don't know where people are getting $1 or $2 million from. I own one location and I am in the process of securing a second location. They really don’t want to raise prices, because raising prices will hurt their bottom line. all equipment, furniture, display equipment and signage, 7-week training program in the Oakville, ON Tim Hortons University, a store opening crew to assist in the opening of a Tim Hortons restaurant (for a maximum period of two weeks), right to use the Trademarks and Trade names. It has a rare opportunity to purchase Tim Hortons Franchise … Walter Gretzky, Wayne’s dad, has kept the autographed napkin for more than 50 years because it meant so much to his son. You will need an estimated investment from $680,900 to $1,906,300. When it comes to owning a TH franchise there most likely is not that much risk (ie. If you have some business sense ( I would recommend some college courses at minimum for business) , a fair amount of capital for start up, and the drive to succeed and have the highest dedication for customer service you can be extremely lucrative. Eventually, Joyce became heavily involved with Tim Hortons operations, but he and Charade did not get along. I like to live in the dream that the owner is giving them a job because they deserve it, not for exploitation because I would get very upset and there’s not much I can do about it. According to Tim Hortons' own documents, the franchise cost is about $500,000. http://www.cbc.ca/news/business/story/2012/02/28/tim-hortons-class-action.html. Horton and Joyce continued to run the company together until Horton died in a car accident in 1974. Owning a Timmies would get you $2 million over the same period, but could you sell your franchise for another $2 million? @Miiockm….no “population” requirement. Franchise with Tims today. Financial requirements may be lower or higher depending on the transaction type. The Standard Shop generally ranges in size from 1,000 to 2,300 square feet, and contains a seating area for customers. I disagree with you…head office profit is directly related to owner profit. -yes they want an active owner, not just an investor…if your an investor and can easily afford it, then you probably have another business or two and won’t focus on Tim’s. As you might know there is a royalty fee also maybe 8-9 % for the Tim Horton head office ? Tim Hortons the corporation makes a profit by selling supplies to its franchises; critically, they make a profit on supplies whether those franchisees turn a profit or not. As I stated, the single biggest factor is your cash-flow vs. un-realized gains. First and foremost, a Tim Hortons franchisee must have a net worth of about $700,000. According to a press release, Gretzky had met Tim Hortons co-founder and hockey legend Tim Horton back in 1968 when he was just a kid. According to Tim Hortons' own documents, the franchise cost is about $500,000. You can get a coffee at McD’s quicker because there is no one there….that’s a fact….my brother does it everyday and gives me the gears…funny actually…, Frozen..sure…just warmed up….not quite right. The population demographics do not support any one particular origin over another. As you might know there is a royalty fee also maybe 8-9 % for the Tim Horton head office ? A bunch of these Tim’s are no more than 5-10 minute drives apart, yet one will have nearly all staff of a particular ethic/racial origin, while the next one will be nearly all staff of a different origin. In a popular and crowded location, Tim … Joyce aggressively expanded Tim Hortons and is credited with the brand’s success. I would rather be “US” ranked 46th with 8.3B than “US” 17th ranked and 893M, no? How does paying interest on 60% of your investment affect your net income? Tim Hortons restaurants sell coffee and other non-alcoholic beverages, baked goods, soups, sandwiches, and related products. Ever been to the US in recent years and orderedâ¦you would have seen the difference. 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. Moreover, this information should not not be considered as the actual or probable sales results that will be realized by any franchisee or Tim Hortons Shop. Tim Hortons has surpassed MacDonald’s as Canada’s largest food service operator with nearly twice as many Canadian outlets as McDonald's. Schwan will continue to report to Macedo. Franchise History. The Franchise Agreement grants franchisees the right to open one of the following two types of shops: Standard Shop: A standard shop is the typical Tim Hortons shop. This is about what you sign when you buy a franchise. Tim Hortons profit rises on franchise revenues and stronger sales Back to video Revenues rose to $785.6-million during the quarter from $702.8-million in the same period last year, as distribution sales climbed more than 11% and franchise fees jumped 18.2%. And I’m not alone in this switch around here. What’s new at Tim Hortons? Tim’s service is abysmal, McDee’s is outstanding. We typically go with our ‘gut’ feeling of the applicant during the first interview. ...Executive Summary(1-2 pages) Tim Hortons, Inc. is positioned within the market as a mature company with a strong consumer franchise.Broadly, the entity enjoys a strong brand, very profitable franchise income, strong cash flow, high returns, strong same … Tim Hortons has been eyeing the US quick service restaurants (QSR) market for the past decade, but only recently has Tim Hortons started pushing more aggressively into the US. Tim Hortons Inc. is a Canadian multinational fast food restaurant chain. Tumblers were also available at participating restaurants for $17.99 and only while supplies lasted. – Timmie’s head office has the power to come in and tell you “You need a second iced cap machine” and bam – you have to dish out x-thousand dollars for a new machine just like that. Hello joe, nice clarification comments. The true story about the meeting between a Canadian hockey icon and a young boy who we would one day call The Great One was the start of something bigger than great – it was the start of something legendary. Let us consider a Tim Hortons franchise as an example of the latter. To create the spot, the team recreated a 1960s Tim Hortons restaurant, accurately replicating every detail from the sign outside to the napkins used at the time. Gretzky’s mother, Phyllis, took him to meet Tim Horton at a local restaurant opening. I’m sure most would be just fine, but man, dealing with the constant learning process and high staff turnover would not be my cup of tea. 19. Our team members represent a variety of backgrounds, experiences, and personalities. Today, the location count for this franchise … I would like to want a Tim Hortons Franchise in Guelph. Franchise Cost: $480,000 to $510,000* plus all applicable taxes (this includes a drive-thru) 5-year contract = ~100% total return; 20% annual yield. p.s. If you owned a Tim Hortons, your profits can on ly come from the day to day operations and not the resale of the business. Over the next few decades, Tim Hortons continued to expand all across Canada. Part of this competition is due to the loyalty which many shoppers develop with their preferred coffee franchise once they identify a coffee franchise they prefer. Do you know how much average Tim Hortons store makes in the USA? 20 minutes? Yes tht is written right in thee contract. The total investment necessary to begin operation of a Tim Hortons franchise under a Franchise Agreement (excluding real property) ranges from $298,650 to $1,394,000 for a Non-Standard Shop/Kiosk, and from $1,009,000 to $2,068,500 for a Standard Shop. Perhaps you should try “yes there are standard models and itâs LAID out a certain way”. Manager, Franchise Performance Tim Hortons September 2016 – Present 3 years 1 month. Tim Hortons profit up 13%. The meeting ignited Gretzky’s passion for hockey and inspired him not just to become a professional hockey player, but eventually The Great One. 12. Not long after opening the first Tim Hortons, Horton met Ron Joyce, a former Hamilton police constable, and offered Joyce one of the first franchises. Describe strategy and the 4 generic strategies in the context of the case company (Tim Horton) - Business Model: The Company’s main business is franchising and collecting royalty revenues from Tim Hortons restaurants located in Canada and the USA.The franchised restaurants serve a broad menu of drinks (premium coffee, smoothies, tea, espresso-based hot and cold specialty … @Insure Can…cup size was to ultimately match what Tims is offering in the US. Making our communities better places to live in. Your control is limited in how the store is set up, though you have a lot of control over production (making sure you make the right stuff in the right quantities without waste, to maximize profits) and staffing. It is ‘casual dining’. Tim Hortons is Canada's largest quick service restaurant chain. Actual results vary from Tim Hortons Shop to Tim Hortons Shop and Tim Hortons cannot estimate the results of any specific Tim Hortons Shop. I interviewed a Timmies franchise owner one when researching whether I wanted to try to become one.. He has been essential to our work underway today on our core product innovation pipeline in breakfast, donuts and baked goods and has led our efforts in brand-based advertising. While it’s apparent that owning a Tim Hortons is like having a money printing machine, most do not realize the costs involved, and how much an owner really takes home. When doing my research on the costs, I was surprised with how much the parent company takes off the top. I always thought that franchises had to pay in about 8%-9% royalty which includes marketing. But the numbers that I’ve been coming up with is in the range of 17% – 19% on gross sales! Then I realized that the Tim Hortons parent company actually builds the property and owns the land, so a large portion of the total royalty expenses is the rent charge. Asia Lifestyle Companies . This company is the biggest scam, read how Tim Hortons owns all the goodwill in the business and how you have to make your profits from the day to day operations and not the sale of the store! 2. You will need an estimated investment from $680,900 to $1,906,300. If you put the $500,000 buy-in costs into FT’s Non-Reg fund, you could sell in five years for $4 million. You will be required to pay an initial franchise fee of $35,000, which gives you the license to use the Tim Hortons name. Joyce's son, Ron Joyce Jr., is married to Horton's eldest daughter, Jeri-Lynn Horton-Joyce; the couple own Tim Hortons franchises in Cobourg, Ontario. He then joined Tim Hortons as global CMO in 2017. Boston Pizza provides the worst value for your money in comparison to all similar chains. If you know more about the Tim Hortons franchise, please share! So why not enhance your business by joining us on this journey as a franchise partner? Members who access their Tims Rewards account through the mobile app and have selected a reward level will be able to unlock exclusive benefits and receive a reward on their birthday. An example right now would be the new store in Estevan SK, Tims has been running ads in the local rag every week trying to find a franchisee. in 2009 I think Tim’s was the only one with positive growth when all others were closing stores Tim’s forged ahead…and continue to open about 200 stores per year…. Funny thing is a sworn affidavit in court states Tim Hortons knows nothing about the pro-forma? You calculated the 16% roi based on 400k/2.4 million. Tim Hortons - Franchising Opportunities. @SST…Boston Pizza, really? This is a franchise that cares as much about the local community as its profit margins. I agree, in sales the $439.2M is accurate and Tim’s is ranked 46th….in the US!!!! the company has been building stores for almost 50 years and to everyone’s acknowledgement….they make money…so who knows better? As with any franchise, since the franchisee is getting a business that has track record of success, there is an added layer of cost. Not only do they need to cover typical operating expenses, Tim Hortons franchises need to pay a weekly royalty, monthly marketing fee (similar to royalty), and monthly rent. If that wasn’t enough, the start up costs are quite high. As mentioned, Tim Hortons will build the location, but the franchisee is responsible for the startup equipment and the initial franchise fee. Today, there are Tim Hortons shops all across North America and a few locations in the United Kingdom. 75 of the Tim Hortons Shops that were excluded closed during 2019. The average profit percentage is 15-20 % which is very good . Just last year (2009), Riese Organization, a restaurant franchisee and real-estate company, approached Tim Hortons with a contract to open 12 new locations in and around the New York area. Mmmm…frozen doughnuts. Multimedia. I can only guess without concrete numbers to work with. In mid-December 2019, Tim Hortons announced a partnership with hockey great Wayne Gretzky. Franchise Cost: $480,000 to $510,000* plus all applicable taxes (this includes a drive-thru) 5 Useful Retirement Calculators (2019) â How Much Do You Need to Retire? Withdrawing from your RRSP, TFSA, and Non-Registered Accounts for Retired Canadians, How I Plan to Withdraw from my RRSP/TFSA to Fund Early Retirement, Early Retirement (FIRE) on Dividend Income â Dividend Taxes in Canada, Save Money with USD to CAD Foreign Exchange using Norbertâs Gambit, Canadian Investing Taxes: Dividends, Interest, and Capital Gains, SimpleTax Review: File Your Canadian Tax Return for Free, Canadian Legal Wills Review: Canadaâs Best Online Will Kit, http://www.cbc.ca/news/business/story/2012/02/28/tim-hortons-class-action.html. If your 16.5% is is on the high end, an average franchise might take in 12%(? All my advice is free…and you get what you pay for. On a similar note, you can’t help but notice McDonalds franchises figured out long ago that your get better repeat store sales if the workers are young girls who are very skinny (not waitress skinny, I’m talking beanpole skinny). Read the entire contract at Tim Hortons Lies website and see what the real numbers are. I wouldn’t mind a franchise… Especially a Tim Hortons, but I tend to drink at Starbucks, because Timmies never have wifi. An owner could, for example, have a reduced annual profit of 3% due to loan repayments. 1. Speaking as a Tim Hortons owner myself, I will attest that a lot of the facts you are saying are indeed correct. The net profit margin is probably in the 20% to 30% range depending on various factors. Background checks, references and resume have little influence sometimes. At the end of a successful day, It's a great living but busy ! Tim Hortons Franchise Information. Boston Pizza on the other hand…there’s a real franchise operation. What’s new at Tim Hortons? Interesting how minimum wage is more or less the same though across the country (low of $9.00, high of $11.00) considering the difference i cost of living (I’d rather be making $10/hr in St.John’s than $9.50 in Vancouver!). But if you expect to sit on a beach and have your businesses run themselves and send you a cheque every month, a fast food franchise isn’t really going to achieve that for you. We’re proud to offer a respectful, friendly environment where enthusiastic people enjoy working together to meet our guests’ needs. Does anyone know what the minimum population required for a franchise is or if there even is one? I honestly do not know why people line up for over 20minutes to get only a coffee. 15. Axel has been an advocate for advancing our sustainability initiatives and has also led our work to redesign our restaurants and our packaging for a better guest experience.”. But my memory could be wrong???? This heartwarming piece tells the true story of how a young Gretzky visited a newly-opened Tim Hortons to meet his hockey hero – Tim Horton. The Tim Hortons franchise is one of the leading brands and their franchise holders can get a phenomenal turnover. First and foremost, a Tim Hortons franchisee must have a net worth of about $700,000. I have always wondered about the numbers though. Email franchisechatterblog@gmail.com. Walter, the ultimate hockey dad, is featured in the spot alongside Wayne sharing the napkin he has kept for over 50 years. This statistic shows the annual revenue of Tim Hortons from 2015 to 2018. 44 comments; 13,554 views; Tim Hortons is considered to be the largest restaurant chain. EPS (ttm): 2.37, Market Cap: 3.73B Gains @ 15.5%/yr + 1% dividend = 16.5% annual yield (sound familiar?) Walmart Credit Card Review (Canada) â How Does it Stack Up? 17. 10,000 people spread across farming communities don’t need a tim hortons, but a town of 8-10,000 always have one. I forecast an increase of about 8-12% gross for 2013 just based on the numbers thus far. – Franchise locations in high-rent areas like shopping malls have high revenue but very little profit due to high overhead (don’t know the exact figures). A McDonald's average net profit is around 10% depending on whose statistics are cited. I’m a big supporter of getting as close to the profit as possible, of which you are a prime example. @Leo…yes “skin in the game” as it were. A franchise business can be immensely profitable. If you’re hoping to launch a business in the coffee sector but don’t access to the capital investment the Tim Hortons asks for, we have plenty of other coffee shop franchises to choose from. At least $144,000 of the franchise cost must be unencumbered (cash or liquid assets), in addition to $50,000 in working capital (also unencumbered). Other questions also arise: This is from people who owned one. 9. While many Canadians were upset by the merger, the two companies remained partnered until 2006. Makes Improvements to Elevate Coffee Experience for Customers 1. The franchisee for the existing store in town doesn’t want to take on a second location due to poor health and you should be able to do a deal to pick up both stores. It achieved revenue of $2,8521 million and net profit of $382 million for the financial year of 2011. I don’t know how its possible but the entire agreement is actually on the site and so is the breakdown of sales that potential store owners receive prior to purchase. You are right the two are not comparable in terms of casual dining and QSR….and I’ll take you at your word that BP has SSS of 6%…last year…Tim’s has had positive growth of 3-8% for I don’t know how many years straight and counting….I don’t believe any one has done that. The loan could be paid down fairly quickly if a franchise had sales âconsiderably higherâ than the norm, as in your case. 1,454 Number of Organizations • $5.1B Total Funding Amount • 943 Number of Investors. In 1995, Tim Hortons merged with American fast-food chain Wendy’s. Paloma Azulay, chief marketing officer of Tim Hortons, said, “To us, the story of Tim Horton and a young Wayne is extraordinary – when I heard it, I knew it was a beautiful and touching story. This is an interesting topic with so many meaningful replies. BP is a nice to have but I would take a Tim’s anyday…and MAYBE someday in the future, we’ll see ;). FT is the founder and editor of Million Dollar Journey (est. I teach a bunch of students who work at Timmys. Profits. And if it ain’t McDee’s, it’ll be Starbucks or somebody else. ????? Look forward for your help regarding above queries and keep in mind that I am not resident of BC therefore this deal ultimately going to make my PR as well. There’s never been a better time to run a Wingstop franchise. It produces, merchandises, and sells a variety of baked goods, such as donuts, cookies, muffins, tarts, as well as coffee and other beverages. Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. 11. You need to review your findings or throw them out all together. P/E (ttm): 22.32 Today, the location count for this franchise … What about Tim Hortons hospital locations, they are losing millions each year and the taxpayers of Canada are on the hook subsidizing a publicly traded company? What are the Tim Hortons Franchise Opportunities The Tim Hortons is one of the world’s 100 most beloved brands, with over 5,000 units in Canada and 900 units in the United States. please I will like us to rub minds on some business idea if you willing keep me posted. Your email address will not be published. 23. Salaries are not regulated – during the last boom here in Calgary, some Timmies were offering staff $15-$18/hr. Section V – Presentation and analysis of Tim Hortons’ financial performance representations, based on Item 19 of the company’s 2020 FDD, including information on the: 60 points: Classic Cookie, Classic Donut, Specialty Donut, 80 points: Brewed Coffee, Tea (Specialty or Steeped), 120 points: Hot Chocolate, French Vanilla, Regular Iced Coffee, 160 points: 10 pack Timbits, Original Iced Capp, Regular Hot or Iced Lattes, 200 points: Biscuit or English Muffin Breakfast Sandwich, Breakfast Wraps, 240 points: Turkey Bacon Club, Ham and Swiss, Chicken Wraps. And what is the re-sale valuation of TH franchises? Schwan first joined Restaurant Brands International eight years ago as marketing director in Germany, Austria, and Switzerland and later became the VP of marketing and communication in Europe before advancing to the role of global CMO for Burger King in over 100 countries. 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