Tim Hortons store owner pockets $265,558 and more (after tax & interest)!
In the year 2002 for an average Tim Horton’s outlet:
Gross earning: $1.5Million before interest and taxes
Net earnings: $174,280 after taxes and overhead expenses.
In the year 2008, for an average Tim Hortons franchisee:
Net profit: $265,000 after taxes and expenses
** Tim Hortons franchisees in Saskatchewan were even more lucrative, with a net profit of almost $400,000!!!
In the year 2011 (three years from 2008), well, you can guess the number will only go in one direction: UP!
Now, does your heart feel itchy, and would you like to become an owner of the Tim Hortons franchise?