Hello Guys, Today we will read about the Tim Hortons franchise Business. If you want to start a business in a multinational restaurant chain. Then, you can go for the Tim Hortons franchise. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of a Tim Hortons franchise, Tim Hortons franchise Profit or loss, Space required for the Tim Hortons franchise, and more about how to get a Tim Hortons franchise in India in 2023.
Company Details of Tim Hortons
The Tim Hortons brand was started on 17 May 1964 by Tim Horton, Ron Joyce. Mocha was established on 17 May 1964 in Hamilton, Ontario, Canada.
| Website:- | https://www.timhortons.com/ |
| Founders:- | Tim Horton, Ron Joyce |
| Headquarters:- | Hamilton, Ontario, Canada |
| Product:- | Coffee, Donuts, sandwiches, Soups & ETC |
| Industry:- | Restaurant |
| CEO:- | Joshua Kobza |
Products of Tim Hortons
- Coffee
- Donuts
- Breakfast sandwiches
- Soups
- Wraps
- ETC
Benefits of the Tim Hortons franchise
Tim Hortons is a popular multinational restaurant Franchise in over 15 different Countries in India. There are several benefits to owning a Tim Hortons franchise. Tim Hortons is one of the trusted and low-cost investment Businesses in restaurants. You will get a 100 % guarantee of earning with a good return on investment.
- Tim Hortons is one of the largest multinational restaurant chains in the world.
- Tim Hortons is one of the leading brands and has further than 5000 stores in the world.
- In India, there are more than 5000 Stores in 15 different Countries.
- The company provides all types of marketing and promotional support to the ballot.
Requirements for a Tim Hortons franchise
- Area requirements:- To open a Tim Hortons store Franchise you want a minimum area is 1000-1200 square feet.
- Employer’s requirements:- You need a minimum 8 Employers to operate your store.
- To be Financially strong to invest in the business, Should have basic knowledge of the business.
Eligibility for a Tim Hortons franchise
- The owner should follow all terms and conditions of Tim Hortons company.
- You must have proper money Investment to open this franchise.
- Must have a proper space in a good location for the outlet.
- The owner must have knowledge of running an outlet.
- Applicant should be more than 21 years old.
Tim Hortons Franchise Cost in India
The cost of a Tim Hortons franchise depends on many factors like a franchise fee, location, size of the shop, equipment required, etc. According to Tim Hortons, the total investment is approximately Rs. 70 Lakhs to Rs. 17 Crore.
- Franchise Fee:- The franchise cost of a Tim Hortons franchise is Rs. 20 Lakhs to Rs. 40 Lakhs in India.
- Investment in Store:- The Investment in setting up the store Tim Hortons is Rs. 90 lakhs to Rs. 13 Crore, depending on location in India. It includes the cost of equipment, and furniture, and the investment depends on store size and structure.
- Security Deposit:- The Security Deposit depends on the shop’s location.
- Working capital:- The staff salaries, cost of inventory, and other operational expenses.
Space Required for Tim Hortons Outlet
Tim Hortons store space depends on the size of the store. A minimum space of 1000-1200 square feet space is needed to start the Tim Hortons franchise. If you taking a store on rent then remember the rent of a store in a prime location may be too high.
Documents & Licence
- First, you have to Register your Business with the (Roc) Registrar of Companies and get your certificate of incorporation.
- ID Proof:- Aadhaar Card and PAN card.
- Address Proof:- Ration Card, Electricity Bill.
- Bank Account with Passbook.
- Photo, Email ID, Phone Number.
- Fire safety certificate.
- GST Number.
- Standard franchise agreement.
- Rental agreement.
- In the end, you’ll need to obtain insurance coverage for your business.
Tim Hortons Franchise Profits and Margin
Tim Hortons is one of the largest multinational restaurant Franchises in the World and it’s on trending nowadays. In the future, Tim Hortons can be the First largest multinational restaurant brand in the World. So, Everyone wants to take a franchise of Tim Hortons but they have only one question What will the Profits and Margin of Tim Hortons? So, today we will clarify the margin and profit of Tim Hortons.
A Tim Hortons franchise can generate a net profit margin of 12% to 15%. This means that for every Rs 100 in deals, a franchisee can anticipate earning Rs 12 to Rs 15 in net profit. According to assiduity estimates, the average ROI for a Tim Hortons in India is around 18-24 months. This means that a franchisee can anticipate to break and start earning gains after around 1.5- 2 times of operation.
How to apply for the Tim Hortons Franchise in India?
- First, you have to go to the official site of Tim Hortons India.
- https://www.timhortons.com/
- Then click on the “Contact Us” tab and send a request for a callback.
- Contact and meet the local Tim Hortons Field Development Agent.
- Carefully read all the agreements before doing any signatures.
- After all the processes pay the franchise fee.
- then you will owner of the Tim Hortons franchise.
Tim Hortons Franchise Contact Details
If you are getting any issues or you want to take a franchise Tim Hortons then you can contact them from here. All details are mentioned below:-
Address: 874 Sinclair Road
Oakville, ON L6K 2H3
Canada
India Headquarters Address: 907 B, Mittal Commercia, Asanpada Road, Marol Naka, Andheri (E), Mumbai 400059
Website: https://www.timhortons.com/
Contact No: 1-888-601-1616
Email ID: [email protected]
Frequently Asked Questions of Tim Hortons:
Q 1. What is a Tim Hortons franchise?
Ans : Tim Hortons is a popular multinational restaurant Franchise in over 15 different Countries in India. There are several benefits to owning a Tim Hortons franchise. Tim Hortons is one of the trusted and low-cost investment Businesses in restaurants. You will get a 100 % guarantee of earning with a good return on investment.
Q 2. What is the cost of a Tim Hortons franchise in India?
Ans The cost of a Tim Hortons franchise in India is approximately Rs. 70 Lakhs to Rs. 17 Crore.
Q 3. How to open a Tim Hortons franchise?
Ans : First you have a good investment and patience. Then, some criteria like the need for all documents and the need for space for opening. After this fill out the form and wait 2 days. You’ll get a call back from Tim Hortons. then confirm all the details pay the franchise fee and start your business.
Q 4. Is Tim Hortons a successful franchise?
Ans : Yes, it is a successful franchise at the present time. lots of people want to take the Tim Hortons franchises but they can’t take it due to financial issues. it is based on the multinational restaurant system and business is going in trending nowadays.
Q 5. Who is the Founder of Tim Hortons?
Ans : Joshua Kobza is the Founder of Tim Hortons.
We hope you got all the information about the Tim Hortons. If you think that some more topics can be added or you have your issue then you can comment down| mail us. you can grow with businessuniqueidea. Thanks for visiting our Blog. Have a nice day.
