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30 kwi 2022 · The table reflects the results of 572 franchised shops that were open for all of 2020 and reported at least 10 months of sales to Tim Hortons for the year (which includes Tim Hortons Shops operating under a Franchise Agreement and under an Operator Agreement).
For franchises like Tim Hortons, an annual sales growth rate of 5% to 10% is generally considered healthy, depending on the market conditions and location. How to Improve. Improving the Sales Growth Rate can be achieved through several strategies: Introducing new products or seasonal items to attract customers.
29 maj 2023 · Tim Hortons’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Initial Franchise Fee: $50,000. Royalty: 4.5% to 6% of Gross Sales. Advertising Contribution: 4% of Gross Sales.
13 wrz 2024 · The average gross sales for a Tim Hortons franchise are approximately $1.16 million per location. Assuming a 15% operating profit margin, $1.16 million yearly revenue can result in $174,000 EBITDA annually.
26 cze 2020 · The table reflects the results of 489 franchised Standard Shops (which includes Tim Hortons Shops operating under a Franchise Agreement and under an Operator Agreement), or 68% of all Tim Hortons Shops.
1 mar 2024 · Tim Hortons is the largest fast-food chain in Canada, with more than three and half thousand stores there in 2013 – more than twice as many as the world’s largest fast-food brand, McDonald’s.
Tim Hortons franchise owners have a choice between a standard 1000 -2400 sq. ft. typical Tim Hortons shop or a non-standard kiosk-type location. Franchisees are also responsible for ongoing royalty fees, which are 4.5-6% of gross sales and a brand fund fee of 4% of gross sales.
