The franchisor does not guarantee a franchisees notes, leases, or obligations to third parties.Tim Hortons Inc. is a Canadian-based multinational fast food restaurant known for its exquisite coffee and doughnut offerings.It is also one of Canadas largest quick service restaurant chain.As of December 31, 2016, it was recorded to have had a total of 4,613 restaurants in nine countries.
![]() Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multimillion-dollar franchise. Tim Hortons agreed to a sale in 2014 to Burger King who purchased it for US11.4 billion, and the chain became a subsidiary of the Oakville-based holding company Restaurant Brands International on December 15, 2014, which is majority-owned by Brazilian investment firm 3G Capital. Buying a Tim Hortons Franchise and How Much It Cost Details to Note When Intending to Acquire a Tim Hortons Franchise Restaurant Types Tim Hortons grants its franchisees the right to open one of the following three types of retail stores: a. Standard Shop: This is the typical Tim Hortons restaurant that can be seen in most locations. It produces, merchandises, and sells a variety of baked goods such as donuts, cookies, muffins, tarts, as well as coffee and other beverages. Most Standard Shops also offer a variety of soups, chili, and sandwiches The Standard Shop generally ranges in size from 1,000 to 2,300 square feet, and contains a seating area for customers. The Standard Shop also typically includes a drive-thru facility and may be a stand-alone or an in-line Shop. Non-StandardKiosk: This king of store can be installed in almost any type of location or area. Tim Hortons In Usa Full Service CartThe non-StandardKiosk comes in two forms namely; a built-in kiosk a full service cart The kiosks are usually found within another facility or institution such as retail stores, universities, gas stations, hospitals or airports. The built-in kiosk is designed to accommodate any product format but is best suited for a full menu line, including coffee, baked goods, soups, sandwiches, and chili. The dimensions of a built-in kiosk vary depending on the proposed location. The full service cart is modular and can be modified to suit the size, location and consumer demand of its location. It can accommodate one or more coffee stations andor a limited menu. In certain limited circumstances, kiosk owners may be required to supply kiosks with all necessary products or make arrangements to obtain their goods from a local franchisee. Territory Offered Franchisees are usually not given an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that it controls. Tim Hortons In Usa License Others ToThe franchisor or any affiliate may establish, andor otherwise license others to establish, at any location other than the Shops premises, regardless of its geographic proximity to or impact on the Shop, other outlets under the same or different Tim Hortons Trademark. Table of Content Financial Assistance to Tim Hortons Franchisees Tim Hortons Franchisee Training Financial Requirements for a Tim Hortons Franchise 6 Steps to Acquire a Tim Hortons Franchise A Brief Overview of Tim Hortons Franchise Financial Assistance to Tim Hortons Franchisees In a situation where franchisees leasesublease their Shop premises location from the franchisor or an affiliate, the terms of the lease or sublease will be site-specific. If the franchisor constructs the leasehold improvements and installs all necessary fixtures, furnishings, signs, and equipment, the rent may reflect the cost of leasehold improvements. Except as described, neither the franchisor nor any affiliate offers financing or arranges for financing from other sources.
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