How much does a Tim Hortons franchise make a month?
30k gross per month is more realistic which means your friend makes about 8 dollars an hour after all the hours a typical franchisee in QSR puts in especially on 7500 dollars a week store at 7 days a week.
How much is Tim Hortons franchise worth?
The initial investment for setting up a Tim Hortons franchise is as follows: Initial Franchise Fee: $25,000 to $50,000. Equipment: $18,000 to $435,000. Professional and License Fees: $1,500 to $10,000.Nov 3, 2021
How much does it cost to own a Tim Hortons?
Name of Fee Low High
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Initial Franchise Fee $25,000 $50,000
Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges $1,000 $70,000
How much do Store franchise owners make?
Franchise Business Review reports that the average franchise owner makes around $80,000 per year. However, this number is merely an average, with many people making below and above that figure.Dec 4, 2021
How much does a Tim Hortons franchise owner make?
But a nasty court battle in Ontario has provided a rare glimpse of exactly how much cash the average Hortons store owner pockets in a year: $265,558. That's 170,000 large cups of profit. Or, more fittingly, 332,000 frozen donuts.
Is Tim Hortons a good investment?
It is a considerable investment, and Returns on Investment in the first few months is not known to be very good. It can get hard to profit in the first few years unless your branch becomes one of the most successful franchises. Tim Hortons has been facing legal allegations of a business scheme from its US franchisees.Nov 3, 2021
How much is a Tim Hortons franchise worth?
In the United States, the total investment to start the Tim Hortons Restaurant is somewhere around $680,900 to $1,906,300. It is a considerable investment, and Returns on Investment in the first few months is not known to be very good.Nov 3, 2021
How much does it cost to open a Tim Hortons in Canada?
We provide estimated franchise costs for some countries: - In the United States, the total investment to start the Tim Hortons Restaurant is around $680,900 to $1,906,300. - In Canadian currency, the investment comes around Can$871,600 to Can$2,440,300.
How much does a Tim Hortons owner make in Canada?
Tim Hortons Salary FAQs How does the salary as a Franchise Owner at Tim Hortons compare with the base salary range for this job? The average salary for a Franchise Owner is $40,480 per year in Canada, which is 60% lower than the average Tim Hortons salary of $101,333 per year for this job.