Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!!
In year 2002 for an average Tim Horton’s outlet:
Gross earning: $1.5Million before interest and taxes
Net earning: $174,280 after taxes and overhead expenses.
In 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 net profit almost $400,000!!!
In year 2011 (three years from 2008), well, you can guess the number will only go in one direction: UP!
Now, does your heart feel kinda itchy and would like to become an owner of Tim Hortons franchise?
Insider Info: Set Up Your Own Tim Hortons Franchise Business?
12 Responses to How much do Tim Hortons Owners earn annually?
So how much I could make if I bought one exactly.
I like to buy one in Montreal. please let me know that all the expenses and fees that I should pay.
Do all these estimates including what doctors make a year include HOW MUCH they get back in income tax every year OR is all this AFTER they include 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?
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”. Business don’t magically make more money than they make due to tax write-offs. Those don’t generate free money. They simply make it possible to run a business. Without tax write-offs the profits wouldn’t cover the expenses and taxes.
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 franchisee fees??? that is an astronomical drop !!! 😐
they pay around 480k-510k in franchising fees, additional 50k as startup(one time payment), royalties and adv fees that add upto 18% of gross sales
35k is the franchise fee 4.5% of gross sales go to royalties and the 480-510k goes towards equipment and buildout
Thank you! This is great info and exactly what I have book looking for! Not sure why Tim’s don’t just put it up on their website.
thanks you i agree with you !!! this dose not help me at all i think tim’s dose not want anyone to know do you know how much they make in a year ??……. i can’t find any websites that tell me ……
I have read up on the Tim Hortons franchise opportunity. I feel they do not post it because it can very quite alot from location to location. If you go to Tim Hortons website they have posted their annual reports. This is public information because it is a publicly traded company.
Thanks for this start-up information. This is exactly what I’ve been looking for. On the side note, though, unless you’re the sole owner of a Tim Hortons franchise, the revenue is split among your partners through parternship business format.
I would like to buy a Tim Hortons.
There is a successful one for sale in Norfolk, Virginia on the Norfolk Naval Station.