India is a booming market in terms of economic activity and business opportunities. If you are into getting a franchise, then its definitely one of the more appealing investment areas. Most of the top brands sell franchises to expand their businesses. The food industry, clothing and apparel, medicine, multi-brand shopping malls, etc. are among the most in-demand franchise businesses.
This article is dedicated to one of the food brands named Tim Hortons.
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- Tim Hortons Franchise Cost in India
- About Tim Hortons
- Tim Hortons Application Process | Tim Hortons Approval Process
- Tim Hortons Franchise Profit in India
- Top Benefits of a Tim Hortons Franchise
- Things To Keep In Mind Before Applying for the Tim Hortons Franchise
- List of Tim Hortons Franchise In India
- FAQs on Tim Hortons Franchise Cost in India
Tim Hortons Franchise Cost in India
Explained below in detail is the Tim Hortons Franchise Cost in India:
Financial Resources:
- Franchise candidates and their partners or investors must meet the financial requirements by having a minimum net worth of Rs. 12 crores to Rs. 80 crores and available liquidity of Rs. 4 crores to Rs. 32 crores.
- A minimum initial expenditure of Rs. 70 lacs to Rs. 17 crores and a dedicated floor area of more than 1200 square feet to set up a brick-and-mortar retail space are needed to launch a Tim Hortons franchise. Tim Hortons’ initial investment does include money for the franchise fee, marketing costs, and other necessary expenses.
| Must Note: The aforementioned initial investment may vary according to the model chosen, the city, and the country, as well as additional costs like staff fees, electricity costs, and commercial space costs, which may have an impact on the initial cost to start one. |
- In order to operate and maintain a Tim Hortons location, one often needs to follow their standards and pay a few extra expenses, including royalties, advertising fees, maintenance fees, and a few other investments.
- The Tim Hortons chain charges ongoing royalties between 4.5 and 6% and advertising royalties between 1.5 and 4% of gross sales, with a 20-year agreement period.
Thus, the table below describes the division of the total initial investment of Rs. 70 lakhs to Rs. 17 crores along with other additional fees.
| Name of Fee | Low | High |
| Initial Franchise Fee | Rs. 20 lacs | Rs. 40 lacs |
| Floor area | 1500 sq. ft | 10000 sq. ft. |
| Royalty Fee | 4.5-6% | 4.5-6% |
| Ad royalty Fee | 4% | 4% |
| Equipment | Rs. 16 lacs | Rs. 3 Cr |
| Planning and Developmentand Design Costs | Rs. 10 lacs | Rs. 80 lacs |
| Initial Inventory | Rs. 2.8 lacs | Rs. 24 lacs |
| Additional Funds | Rs. 12 lacs | Rs. 48 lacs |
| Net Worth | Rs. 12 Cr | Rs. 80 Cr |
| Available Liquidity | Rs. 4 Cr | Rs. 32 Cr |
| Total Initial Investment | Rs. 70 lacs | Rs. 17 Cr |
About Tim Hortons
It is the largest quick-service restaurant chain in Canada, with more than 5,352 locations in 15 nations, and future additions will provide exceptional opportunities for those who are interested in joining the rapidly expanding, lucrative industry.
Tim Hortons is also frequently referred to as Tim’s or Timmie’s. Tim Hortons, a Canadian hockey player who was born in Hamilton, founded the famed and rapidly expanding coffee shop and restaurant business in 1964. Apart from selling freshly brewed coffee, Tom-Horton also serves doughnuts, cookies, burgers, and other fast food items.
| S.No | Title | Description |
| 1. | Trade Name | Tim Hortons |
| 2. | Industry | Coffeehouse &Food and Beverages |
| 3. | Founded | 1964 |
| 4. | Founders Or Parent Company | Tim Hortons, Restaurant Brands International |
| 5. | Corporate Headquarters | Toronto, Ontario, Canada |
| 6. | Model | Grab-N-Go, Dine-in, and Drive-thru |
| 7. | Revenue | US$3.34 billion |
| 8. | Services offering | Freshly brewed coffee, Hamburgers, Salads, Small plates, Drink & Shakes, and Desserts |
| Why Choose a Tim Hortons India Franchise in 2023? In 2022, Tim Hortons opened its doors in India. The iconic Tim Hortons beverages, as well as a selection of delectable food options, are now available to Indians. It’s a popular and relatively new market for Tim Hortons in India. |
Tim Hortons Application Process | Tim Hortons Approval Process
Here is the step-by-step process of Tim Hortons’ application and approval process:
Step 1: Apply Online
Provide basic details about yourself, along with when, where, and why you want to operate.
- Visit their official page >> Click on Apply Online >> Fill Details.
- In the next part of the application, you must write a short summary of your professional experience.
Step 2: Confirmation Call
You will get a confirmation call once the registration process has been successful.
Step 3: Application Review
Your application will then be carefully reviewed. This process includes a financial analysis of your business proposal and credit and background checks conducted by the company.
Step 4: In-Person Interview
If all goes well, you’ll be invited to an interview where you’ll meet and speak with representatives of the Tim Hortons franchise team.
Step 5: Final Approval
Your final evaluation process for approval will then continue. If your application is accepted, you will need to sign a contract, start the franchise training process, and submit a website for approval.
Tim Hortons Franchise Profit in India
By owning a Tim Hortons franchise, one can expect to make a net profit margin of 12-15% based on our estimation and norms for the food sector.
Given Tim Hortons’ quick expansion plans in India, the franchisee owner could generate an impressive profit margin with the help of brand recognition. With stable growth prospects, rising customer demand, a strong network of outlets with a solid supply chain, and exceptional marketing support using cutting-edge innovation, Tim Hortons will surely make its presence felt.
Top Benefits of a Tim Hortons Franchise
By joining the Tims franchise family, you gain access to more than 55 years of brand history, restaurant management experience, and guest satisfaction expertise.
Other than these, here are the top benefits of taking a franchise with Tim Hortons:
- Get instruction and knowledge about all the different aspects of the company.
- Numerous funding options are available.
- Robust business community with more than 100 active franchisees.
- Support for ongoing operations is already there.
- Backing of Restaurant Brands International
Things To Keep In Mind Before Applying for the Tim Hortons Franchise
Here are some general key points you must know before applying for the Tim Hortons franchise.
The candidate must:
- Keep in mind the budget, qualification background, prior work experience in the field, and availability of the space and commercial area for the Tim Hortons franchise.
- Be willing to commit to a full-time business opportunity. Other working models like part-time, rental, etc. are strongly discouraged.
- Have the ability and desire to open and operate multiple restaurants.
List of Tim Hortons Franchise In India
| City | Location |
| New Delhi | Netaji Subhash Place, Pitampura, New Delhi |
| New Delhi | Green Park, Main Market, New Delhi |
| Chandigarh | Elante Mall, 178-178A, Industrial and Business Park, Phase-1, Chandigarh |
| Gurugram | DLF Cyberhub DLF Cyber City, DLF Phse 2, Gurugram, Haryana |
| New Delhi | Select CityWalk Saket, New Delhi |
| Chandigarh | Sector 35C, Chandigarh |
| New Delhi | Club Road, Punjabi Bagh Extension, New Delhi |
| Noida | Skymark, Noida |
| New Delhi | Vegas Mall, Dwarka, Delhi |
| Ludhiana | Malhar Road, Ludhiana |
| Ludhiana | Sunview Plaza, Ludhiana |
| Bathinda | Bhucho Main Road, Bathinda |
| New Delhi | Basant Lok Community Centre, New Delhi |
| Mumbai | Lokhandwala, Mumbai |
| Mumbai | Bandra, Mumbai |
| Patiala | Bhupindera Road, Patiala |
| New Delhi | T3 Delhi Airport |
| Mumbai | Kurla, Mumbai |
| Chandigarh | Mohali, Chandigarh |
| Bangalore | Koramangala, Bangalore |
| Bangalore | Kempegowda International Airport, Bangalore |
FAQs on Tim Hortons Franchise Cost in India
Here are some frequently asked questions on Tim Hortons Franchise Cost in India:
How much does a Tim Hortons franchise cost in India?
A minimum initial expenditure of Rs. 70 lakhs to Rs. 17 crores is required for a Tim Hortons franchise in India. However, to apply the candidate must have prior experience running a business and must meet the financial requirements by having a minimum net worth of Rs. 12 crores to Rs. 80 crores and available liquidity of Rs. 4 crores to Rs. 32 crores.
Is the Tim Hortons franchise profitable?
Yes, it is. By owning a Tim Hortons franchise, one can expect to make a net profit margin of 12% based on estimation and norms for the food sector.
How to get a Tim Hortons franchise in India?
Click on “Apply Now” on the franchising website to start the application process.
What is the typical size of a Tim Hortons restaurant in India?
In order to better serve customers, Tim Hortons offers a variety of development options, such as freestanding drive-thrus with or without seating areas, urban in-lines, and foodcourt-style sites. The size of a typical shop is between 1,000 and 2,300 square feet. The most recent free-standing drive-through models, range in size from 1,380 to 1,600 square feet and have a seating area. A Non-Standard Shop includes Kiosks and Carts and is for specific development opportunities.
What is on Tim Hortons India’s menu?
In order to serve Indian customers, Tim Hortons has a customised menu with Indian flavours and spices. Choose from a wide range of made-to-order sandwiches, wraps, flatbreads, and more. Tim Hortons menu is packed with flavours!
Who is the owner of the Tim Hortons franchise in India?
Tarun Jain is the CEO of Tim Hortons Franchise in India.
How much is the waiting time for setting up a Tim Hortons Franchise?
Tim Hortons receives a lot of applications, considering how big a player it is in the market. Overall, the who registration process will take about 40-60 days to get completed.
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