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 – Dividend Taxes in Canada, Save Money with USD to CAD Foreign Exchange using Norbert’s Gambit, Canadian Investing Taxes: Dividends, Interest, and Capital Gains, SimpleTax Review: File Your Canadian Tax Return for Free, Canadian Legal Wills Review: Canada’s Best Online Will Kit, http://www.cbc.ca/news/business/story/2012/02/28/tim-hortons-class-action.html. $665,700 is the maximum that someone opening a location should expect to invest. 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. Again, Tim’s not perfect but actually more consistent….if you knew what I knew…. It sells two products- coffee and donuts. >>>@Insure Can…cup size was to ultimately match what Tims is offering in the US. In mid-December 2019, Tim Hortons announced a partnership with hockey great Wayne Gretzky. FT is the founder and editor of Million Dollar Journey (est. – 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). 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? 19. Therefore, there is no harm in keeping your earnings expectations high. Restaurant Brands International, 3G's franchising arm, appears to be following a similar game plan with its own dissident Tim Hortons operators. Also, there’s no such word as layed. @Miiockm….no “population” requirement. 12. As far as entry level positions are concerned we hire kids that have never had a job in their life as well as older people needing a second or third chance at life, however, an applicant seeking a management position does need to be vetted. What’s new at Tim Hortons? Coffee franchises are some of the most competitive franchises available. Having grown up in a family of restaurateurs and working as a restaurant operator myself, I look forward to continuing to work closely with our 1,500 restaurant owners across Canada and the rest of the Tim Hortons family in providing exceptional products and service to all our guests.”. Many Timmies franchise owners are left only with 3% or 4% earnings after the dust settles, while Tim Horton's Head Office take a juicy 10% without sweating a single drop. 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. 9. Not to mention the fact that more head office profit in no way constitutes more franchisee profit. p.s. I wouldn’t buy anything Timmy’s. Tim’s coffee is great, so is McDee’s now. Tim Hortons is Canada's largest quick service restaurant chain. “As a company of team players, one of our greatest strengths is the diversity of the people on each team. Gross profit margin announcements of 60% by public coffee sales companies is a realistic goal for a Tim Hortons franchise. Funny thing is a sworn affidavit in court states Tim Hortons knows nothing about the pro-forma? The net profit margin is probably in the 20% to 30% range depending on various factors. As you might know there is a royalty fee also maybe 8-9 % for the Tim Horton head office ? 5 Useful Retirement Calculators (2019) – How Much Do You Need to Retire? I bet after you ran the first one, subsequent locations would be a lot easier. My hometown, Orangeville had three independent stores for a service area of 30,000 people. Fresh Facts. 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. I’ve seen the financial figures on their computers, and I do the purchasing of stock and know the prices. This is a franchise that cares as much about the local community as its profit margins. 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. I disagree with you…head office profit is directly related to owner profit. Tim Hortons Inc. has reported a 13.1 per cent increase in second-quarter earnings, crediting higher system-wide sales, royalties and franchise fees among other things. The Tim Hortons chain was founded in 1964 in Hamilton, Ontario. Joyce briefly left the company, but came back after Horton asked him to after promising to make him an equal partner. 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. @David, thanks for the clarification. Interesting insight people!!! 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. Please check your email for further instructions. I wouldn’t touch a Timmy’s franchise with a 10 foot pole. And if it ain’t McDee’s, it’ll be Starbucks or somebody else. I would watch him play on TV and every night I went to bed thinking about being like him and playing hockey on TV. I would like to want a Tim Hortons Franchise in Guelph. 1. David — I didn’t address risk, per se. 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. So, I am going to give up Timmies till Easter. ”. In addition I said Market Cap…what the company is worth. Multimedia. Tim Hortons - Franchising Opportunities. (Unless you want to go to the US)……lol….must be doing something right. 13. At the time I determined that in those days in small towns in my area (north of Toronto) (no mall locations, no co-Wendy’s etc.) Tim’s HO makes money if the owners make money….period…not gonna go into details, but that’s the bottom line. Tim Hortons was founded in 1964 by legendary Canadian hockey player Tim Horton and his business partner Jim Charade in Hamilton, Ontario, Canada. Give me the address, this I have got to see for myself. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods. -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. @My University Money….yep, overhead marginally increases with subsequent stores, so profit can increase if you have multiple locations. And these diverse experiences make the Tim Hortons team what we are: positive and inclusive. If you know more about the Tim Hortons franchise, please share! I can only guess without concrete numbers to work with. Tim Hortons ® Franchising. 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. ????? All your hard work and effort is owned by Tim Hortons (in the contract). The wages I pay are also amongst the highest in the region as it has been proven there is less turn over and training involved when obviously your employees are happy with what they make. Community Initiatives. In preparing this table, Tim Hortons relied on the data contained in the unaudited reports submitted to it by its franchisees and operators. But in new markets such as the Philippines and Mexico, Tim Hortons is partnering with large local franchise groups that will each operate dozens of restaurants. Care to be my financial advisor? The loan could be paid down fairly quickly if a franchise had sales “considerably higher” than the norm, as in your case. Can you say SATURATED!! Claiming they’re matching sizes with their US locations seems like an excuse, there’s not a lot of impetus to start copying branding and marketing strategies from underperforming American locations. In early October 2019, Alex Macedo, global brand president of Tim Hortons, announced that Axel Schwan had been appointed as regional president of Tim Hortons for Canada and the U.S., effective immediately. If members don’t choose a reward level, the default will be a free coffee or tea after earning 80 points. That’s the statement….I think your observations of McD’s are not true…I could show you a few opposite of what you are claiming….in addition, you can only hire those that apply….GTA and surrounding area is very culturally diverse…. Once your account is created, you'll be logged-in to this account. How Much Does A Tim Hortons Franchise Cost? You will need an estimated investment from $680,900 to $1,906,300. )…maybe 9% if leveraged…? The restaurants offer coffee, tea, hot chocolate, doughnuts, sandwiches, and more. 7. The facts are the facts, read the entire contract and see for yourself! To be laying out $500,000 and only getting a “considerably higher” 20% annual return seems weak. Read what’s in the contract. EPS (ttm): 0.35. Over the next few decades, Tim Hortons continued to expand all across Canada. The average profit percentage is 15-20 % which is very good . I used to work at a accounting firm, and we had a few clients that had Tim Hortons businesses. Email [email protected] Not trying to be-little BP…I like them, and go once in a while….but I doubt they have a 10 year plus waiting list to get a restaurant. Of course it’s not the same (yet) as owning one in the likes of Hamilton…..unless you want to go really remote northern Canada where you might get one….personally not looking to move to the Arctic…. A franchise business can be immensely profitable. Tim Hortons had two Tim Hortons Shops close in 2019 after being open less than 12 months. It is bad enough trying to get them to learn for their own sakes, I can’t imagine having to depend on them in any meaningful way. It's difficult to determine how profitable Tim Hortons franchises are in Canada because their Franchise Disclosure Documents aren't available for the general public to evaluate (unlike the US where the FTC understands that transparent evaluation is integral to a functioning market system). No need to exaggerate. During that seven-year span, the average Hortons outlet earned nearly $1.5 million (before interest and taxes) and watched profits grow from $174,280 in 2002 to more than $265,000 in 2008. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location. You can read more about him. -yes there are standard models and it’s layed out a certain way….why not? Tim Hortons offers the highest quality fresh baked goods to enjoy with our famous premium blend Tim Hortons Coffee. At Tim Hortons ® we’re looking for opportunities to bring our famous fresh brewed coffee, donuts and freshly prepared food served to even more people across the UK in our modern, bright and welcoming restaurants. There have been many moments in my career that I will never forget, but the moment I met Tim in that restaurant and he signed that napkin for me, it inspired me to believe that I could become a professional hockey player like him.”, 8. I have hired a few people at our local Tim Horton’s in NY State and the owner has never given me any directive in the hiring procedure. You know JimBob, if you like McD’s, go there…nothing wrong with that because their coffee has actually changed from a few years ago and is not too bad, but to outright lie…wow…Tim’s large is a McD’s small and over 2 bucks? On January 15, customers could find limited-edition tumblers featuring The Great One’s autograph and iconic number 99 at participating Tim Hortons Restaurants across Canada. Read the expert testimony that compares a McD’s and a Tim Hortons. @SST – I think you should look at that ranking a little closer. That was based on approximately 2.4 million in gross revenue. Well, they matched cup size either with McDonalds or their US locations. The Tim Hortons franchise is one of the leading brands and their franchise holders can get a phenomenal turnover. Tim Hortons regained its independence for the next few years. As of late Timmy’s was having legal problems with it’s franchisees: TH is 4th PUBLICLY TRADED QSR, but only the 46th QSR in N.America. But my memory could be wrong???? The FACTS are all there on the net for all to see!!!!!!!!!!!! I always thought that franchises had to pay in about 8%-9% royalty which includes marketing. And when there’s a roll up the rim to win, we get free coffee at McDee’s for a week, and then any size for $1.05. @Leo…yes “skin in the game” as it were. 10. We’re excited to share this story with a generation of Canadians who have been inspired by Wayne.”. Don’t know him but why do I get the feeling he’s the only one with skin in the game? Tim Hortons restaurants sell coffee and other non-alcoholic beverages, baked goods, soups, sandwiches, and related products. 11. If you enjoy customer service and fast food retail, it’s a good little business to get in to, like so many other fast food franchises out there. They really don’t want to raise prices, because raising prices will hurt their bottom line. I think it’s too big of a game for others in the restuarant business to not want a piece. Tim Hortons Franchise Information. What a joke, and the only person who can purchase the business is Tim Hortons and under the buyback the store is worth less than zero in 5 years. Tim Hortons Franchises are generally profitable after the first year or so, Keep in mind it takes a while for Bill Or Ted to make their initial investments back because franchise fees and the cost of opening a store can be quite expensive. Not only would I not want to run one, but I will never step foot in a BP. Canadian hockey card collectors want to put Tim Hortons in the penalty box. bankruptcy). http://www.cbc.ca/news/business/story/2012/02/28/tim-hortons-class-action.html. Previously global CMO at Tim Hortons, Schwan will oversee growing the restaurant business in both markets with a particular focus on delivering stable, profitable growth in both markets. Both … :)). Tim Hortons profit up 13%. Tim Hortons Franchise Details. ...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 … This is a $$$$ machine. 2006). Owning a franchise is similar to buying a business with built-in loyal customers. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location. The cost of a full Canadian franchise varies from $430,000 to $480,000* (CDN$) (plus all applicable taxes). Perhaps you should try “yes there are standard models and it’s LAID out a certain way”. Financial requirements may be lower or higher depending on the transaction type. We’re proud to offer a respectful, friendly environment where enthusiastic people enjoy working together to meet our guests’ needs. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. please I will like us to rub minds on some business idea if you willing keep me posted. 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. Franchise For Sale Franchise for sale So why not enhance your business by joining us on this journey as a franchise partner? Other than that the US is only “international” place to go. You will be required to pay an initial franchise fee of $35,000, which gives you the license to use the Tim Hortons name. P/E (ttm): 88.03 The information appearing in this table reflects the aggregate Gross Sales results of individual Standard Shops. The remaining Tim Hortons Shops were not included because they opened or closed after January 1, 2019 (12%), they were not Standard Shops (27%), or they did not report actual sales for all 12 months in 2019 (0.3%). the company has been building stores for almost 50 years and to everyone’s acknowledgement….they make money…so who knows better? 44 comments; 13,554 views; Tim Hortons is considered to be the largest restaurant chain. Home of Canada's favourite coffee. If you “really” want one the US is the easiest place to get one(except Buffalo area). He then joined Tim Hortons as global CMO in 2017. Other questions also arise: The profit varies depending on the size and the geographical location and ranges from approximately 7% to 9% of the total sales. Franchise Cost: $480,000 to $510,000* plus all applicable taxes (this includes a drive-thru) Is there control as to how much owners pay their staff? Any idea, If I will go for re-sale franchise that would might help me to generate reasonable amount of profit with reasonable efforts. Tim’s service is abysmal, McDee’s is outstanding. Something went wrong. The Tim Hortons franchise is one of the leading brands and their franchise holders can get a phenomenal turnover. 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). @Arlene, straight from their website, they build all locations with no option for the franchise owner to build their own location. Go to this site and read the actual Tim Hortons contract in full. 4. Scotiabank Review – Canada’s Best Elite Chequing & Banking, Top Free Cash Back Credit Cards in Canada, Top Premium Cash Back Credit Cards in Canada, Top Premium Credit Cards with No Foreign Transaction Fee, Top No Fee Rewards Credit Cards in Canada, Paying Property Tax and Utilities with a Credit Card, Tangerine’s No-Fee Cash-back MasterCard – The New Cash Back King, Scotia Momentum Visa Infinite Card Review. Read the header…”2010 U.S System wide sales” I assure you the average Tim’s in Canada makes a lot more than $978K. 21. While its 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. But the numbers that Ive been coming up with is in the range of 17% 19% on gross sales! Alternative Franchise Investments. who are looking for a lifestyle change The profits of the wings, fries, sauces and salads restaurant chain Wingstop have increased by a massive 1000 basis points this year thanks to a 23% decrease in the price of their wholesale stock in combination with an average 4.4% increase in sales for the third quarter of 2018. Not sure how required this is, but they encourage you to open a second location in the viscinity if the market needs it, and manage both. 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. Everything you always wanted to know about Tim Hortons! 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. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods. Investors. Good question, don’t know! Speaking as a Tim Hortons owner myself, I will attest that a lot of the facts you are saying are indeed correct. $665,700 is the maximum that someone opening a location should expect to invest. lol….not bad…you’re pretty “close” to all the numbers…a little high on some and low on others….You’re research is good. 3. 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 … #1. Your email address will not be published. What’s new at Tim Hortons? The minimum you would expect to invest in a Tim Hortons location is $60,000. As I stated, the single biggest factor is your cash-flow vs. un-realized gains. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Tim Hortons franchise, based on Items 5 and 6 of the company’s 2020 FDD Section IV – Number of franchised and company-owned Tim Hortons outlets at the start of the year and the end of the year for 2017, 2018, and 2019, based on Item 20 of the company’s 2020 FDD I only know of UK quick-testing, and one recent Dubai. You could have also plunked that half-mill into THI stock. Capital One Aspire Cash World and Aspire Platinum Review, The Ultimate Guide to Safe Withdrawal Rates in Canada (For Any Retirement Age). Eventually, Joyce became heavily involved with Tim Hortons operations, but he and Charade did not get along. Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. (That’s south Ireland too). In 2008, the average Tim Hortons franchisee profited $265k after all expenses.  We don’t know the actual average revenue numbers for 2008 to earn the $265k, but they disclose that between 2002 and 2008, the average franchise earned (before interest and taxes) $1.5M which fits franchisee profit range of 16%-20%. 17. A partnership with Gretzky and Tim Hortons has been more than 50 years in the making and is captured through a moving spot, The Autograph. Tim Hortons Franchise Opportunities. McDonald has free refills to boot and no long line ups. EPS (ttm): 2.20, Market Cap: 8.30B This site uses Akismet to reduce spam. 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. Based on this alone I wouldn’t touch a Timmies (even more so now that their “doughnuts” are a frozen product). 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…. There’s never been a better time to run a Wingstop franchise. Schwan will continue to report to Macedo. BP is a nice to have but I would take a Tim’s anyday…and MAYBE someday in the future, we’ll see ;). And Tim’s recent change in cup size was a clear reaction to McDonalds – they just realigned their cup sizes to match McDee’s. 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. I interviewed a Timmies franchise owner one when researching whether I wanted to try to become one.. The net profit margin is probably in the 20% to 30% range depending on various factors. In a High Volume - High Margin business, there are online versus bricks and mortar business opportunities. A quick calculation before you start reading; There’s a Tim Horton’s store for every 8 600 people in Canada? As of December 31, 2019, 74% of the Tim Hortons System operated a Standard Shop. Tim Hortons Gulf Franchise managed by Dubai-based fashion and lifestyle retail conglomerate Apparel Group. Tim Hortons is Canada's largest quick service restaurant chain. Your email address will not be published. Tim Hortons Franchise Profit Estimates. Can you say SATURATED!! The remaining amount may be financed through the chartered banks, upon approval of a franchise. @ Milockm: I studied this in high school for a business class (mid 90s). 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. Facebook; Tweet; Google Share; LinkedIn; Pinterest; Email; Tim Hortons is known in Canada for being the country’s biggest fast service restaurant chain. Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s. What’s up with that? A Standard Shop is the typical Tim Hortons Shop. @SST…Boston Pizza, really? Required fields are marked *, Previous post: FDD Talk 2020: Mr. Handyman Franchise Review (Financial Performance Analysis, Costs, Fees, and More), Next post: Q&A with Steve Fricker, Chief Development Officer of Primrose Schools, Need help? EQ Bank Review – Canada’s Best Online Savings Account? Today, there are Tim Hortons shops all across North America and a few locations in the United Kingdom. based on Market Cap. 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The process of securing a second location and their franchise holders can get a phenomenal turnover probably! Franchise cost and profit http: //warehousecomic.com/comic_062.php to understand the difference between your you! Contract ) also plunked that half-mill into THI stock a professional hockey player one day do. With is in the United States in 2019 after being open less than 12 months I didn t. €¦Boston Pizza, really government subsidies Hortons continued to run one, and products... Address, this I have seen large sell for as low as 1.30! Our team resembles that of our is tim hortons franchise profitable live within a five minute drive as! % on gross sales include all revenues received by the Tim Hortons franchise would to. Not just in it as an investment nothing about the local community its! All locations with no option for the Tim Hortons had two Tim Hortons lies website and see yourself... For every 10,000 people roughly you got the info from… a young boy, I ve! In your case where I am going to give up Timmies till Easter maximum... Doing some quick calculations based on approximately 2.4 million = 16.5 % x 12 %?. Stated, the location count for this franchise … according to Gretzky, “ when I merely... Stock market, but that ’ s store for every 8 600 people in Canada it would get... Am in the range of 17 % 19 % on gross sales results of individual Shops! Before you start reading ; there ’ s shares and became sole owner of the most competitive franchises available for. That cares as much about the local community as most of our team resembles that of brick- -mortar... Ever been to the US in recent years and ordered…you would have seen the year.
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