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New Tim Hortons Franchise locations for sale in Canada March 2024

Originally started in 1964 in Hamilton, Ontario. Tim Hortons has grown to be known for their top quality, always fresh products along with great service and community leadership. Tim Hortons has gone on to become one of the largest fast-food restaurant chains in Canada specializing in always fresh coffee, baked goods and lunches. Over the years Tim Hortons has established itself as a staple in the Canadian culture and has become a known name all around the country. Tim Hortons provides a variety of menu items including sandwiches, wraps, soups, and other lunchtime-style products. The menu items that truly sets them apart are their famous "Always Fresh Premium Coffee" and the unique shapes and flavours of their donuts.

New Tim Hortons Franchise locations for sale in Canada March 2024

Listings of New Tim Hortons Franchise locations available

Sorry, there are no new location listings available at this time. Please contact the Franchisor or checkout listings of existing Franchises available for resale, below.

Discover a New Tim Hortons Franchisee Location

Becoming a Tim Hortons franchisee partner is seen as a long-term commitment and as such Tim Hortons is looking for partners who embody their mindset and understand their place in the fast-food market. Because of this, the application journey is a thorough and carefully thought-out process. Tim Hortons is an established name and consistently one of the top sought-after franchises in Canada. As such Tim Hortons is currently looking to expand into areas that they deem to be great opportunities. The location you would be looking to build your new franchise will weigh heavily in their decision-making process.

To get started, applicants are required to submit a pre-evaluation questionnaire to Tim Hortons directly from their website. After that, the Tim Hortons team will book a discovery call and conduct a background screening to make sure no criminal records and good credit scores are present.

About Tim Hortons franchisee brand

Tim Hortons is one of the most recognizable names in Canada and has cemented itself as a staple in Canadians morning routines all across the country. The brand's mission is to bring new variants of breakfast and lunch food items available on the go. Featuring a diverse and completely customizable menu ranging from items like salads, wraps, sandwiches, soups, doughnuts, and coffee served in a familiar on-the-go environment, leading to Tim Hortons providing a unique classic experience.

What qualifications does Tim Hortons look for in a franchise applicant?

Tim Hortons looks for candidates who are both financially prepared and aligned with the values that they hold. some of the qualifications Tim Hortons looks for are:

• All partners must meet the initial investment requirements and are willing to commit to the business full time

• Willing to divest of businesses that are direct competition to the Tim Hortons business

• Prior management experience, preferably in foodservice and/or restaurant operations

• Strong communication skills and leadership attributes

• Keen understanding of how to recruit, train and manage staff

• Dependable business judgment

Restaurant experience is helpful but not required. if you have experience running another type of business including working with employees and customers, managing finances and leading teams, this will greatly help in your evaluation. Tim Hortons has a complete training program and manuals as well as field operational staff that can help you learn this business as well as provide ongoing support.

Once you meet the above requirements, Freshii will be able to help you further develop in the following areas:

• Specifications for fixtures, equipment, and leasehold improvements

• Corporate training for Owner/Operator and Director of Operations/General Managers

• Kitchen/Back of the House Workflow design

• Ongoing support from members of the Training and Operations Team

• Ongoing updates for increasing profitability

• Efficiency in all systems

• Favourable contracts with suppliers of goods and services

• Operating manuals, policies, procedures, and business management systems

Contact Franchisor

How much does it cost to become a Tim Hortons franchisee?

Tim Hortons requires potential applicants to have $500,000 in liquid cash, a net worth of at least $1,500,000, and the ability to provide an investment of between $135,300-$2,068,500 for starting your franchise. There is also a franchise fee of $35,000 when opening a new location.

In addition to the above costs, Tim Hortons has a weekly Royalty fee of 4.5% of gross sales for the term of the standard 20-year franchise agreement term. a monthly Advertising levy of 4% of gross sales for the term of the License is also required.

Can I buy an existing Tim Hortons franchisee?

Yes, although this could be limited to very few locations.You can find all available listings here:

Search New Tim Hortons Franchise locations for Resale in Canada.