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?
Insider Info: Set Up Your Own Tim Hortons Franchise Business?
12 Reader Comments on How much do Tim Hortons Owners earn annually?
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So how much I could make if I bought one exactly.
I like to buy one in Montreal. please let me know all the expenses and fees that I should pay.
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Do all these estimates, including what doctors make a year, including HOW MUCH they get back in income tax every year, OR is all this AFTER they retain all their BUSINESS TAX WRITE OFFS? Have we all forgotten that there is an income tax act in which businesses get to deduct almost all of their expenses in doing business in this country so are all these quotes including what they write off or get back each year?
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It clearly states “after taxes,” which anybody who is not a conspiracy theorist would understand means “after paying the taxes on all non-tax-deductible income.” Businesses don’t magically make more money than they make due to tax write-offs. Those don’t generate free cash. They make it possible to run a business. Without tax write-offs, the profits wouldn’t cover the expenses and taxes.
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However, if they only net around $176,000 after interest and taxes from the original gross amount of 1.5 million dollars…that would leave me with the question….how much do they pay in franchise fees??? that is an astronomical drop !!! 😐
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they pay around 480k-510k in franchising fees, an additional 50k as a startup(one-time payment), royalties, and adv fees that add up to 18% of gross sales
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35k is the franchise fee, 4.5% of gross sales go to royalties, and the 480-510k goes towards equipment and buildout
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Thank you! This is excellent info and exactly what I have a book looking for! Not sure why Tim’s doesn’t just put it up on their website.
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thanks, you. I agree with you !!! This does not help me; I think Tim does not want anyone to know. Do you know how much they make in a year ??……. I can’t find any websites that tell me ……
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I have read up on the Tim Hortons franchise opportunity. I feel they do not post it because it can go quite far from location to location. If you go to Tim Horton’s website, they have published their annual reports. This is public information because it is a publicly-traded company.
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Thanks for this start-up information. This is exactly what I’ve been looking for. On a side note, though, unless you’re the sole owner of a Tim Hortons franchise, the revenue is split among your partners through a partnership business format.
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I want to buy a Tim Hortons.
A successful one for sale in Norfolk, Virginia, on the Norfolk Naval Station.