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.
How much does it cost to open a Tim Hortons?
Name of Fee Low
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Initial Franchise Fee $25,000
Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges $1,000
Equipment $18,000
Real Estate Varies
Is a Tim Hortons franchise profitable?
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 profit does Tim Hortons make?
Canadian quick service restaurant (QSR) chain Tim Hortons generated revenue of approximately 2.81 billion U.S. dollars, down from 3.34 billion U.S. dollars the previous year.
Do franchise owners make good money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much does it cost to franchise a Tim Hortons?
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