from a simple coffee and ring for various food products
Tim Horton's franchise network started with one location in Hamilton, Ontario in 1964. The restaurant is actually named after one of its owners, Tim Horton, National Hockey League stars. Originally, Tim Horton's franchises sold donuts and coffee. Restaurant has become very popular with Canadian customers, following the introduction of its two specialty donuts, Dutchie and Apple fritter. During the 1970s and the 1980s, more and more items are added to the menu, most are treated, but the sandwiches and soup at the end were included. Tim Horton died from a car accident in 1974, but the franchise is still very spread and develop in honor of his name. More concessions were opened in the U.S. and Canada over the years.
Learn from Tim Horton's franchise review
In the U.S. alone, there are about 350 Tim Horton's franchises in Canada, there are over 2750 operational sites. The company has operations in the past more than 95% franchise owned, but have the same goal in mind for operations in the south of the border. In 1995, Tim Horton has agreed to the merger with Wendy's International, Inc. The move helped boost company growth and expansion in the United States. Almost all US-based Tim Horton's franchise is located east of the Mississippi, New York, Michigan, Ohio, New York, Massachusetts, and Pennsylvania.Tvrtka consistently shown strong growth over the past few years. In the first quarter of 2009, the company has a corporate show in the amount of $ 507 million. This is a positive 10 percent over the same period in 2008. In addition, same-store sales also rose by 3.4 percent in Canada and 3.2 percent in the United States. There are 28 new franchises that opened in the first quarter of 2009, 20 which are located in Canada.
Tim Horton's franchise costs and other details of
Tim Horton's franchise to sell a franchise in the initial amount of 35,000 dolara.Procijenjene total investment ranges between $ 400,000 and $ 675,000. To acquire a franchise, one must have at least $ 144,000 available for an additional $ 50,000 for capital management. Included in the franchise details, information about their franchise incentive program. This program provides short-term financing for equipment, indoor signage, furniture and store fixtures. The program is designed to offer the franchise financially break.Tim Horton need $ 20,000 down payment obligations, and the remainder listed on the bill. For the first two years of operation, compensation fees were reduced from 4.5 percent to 2.5 percent of gross income of the trade. Rent is reduced by half a percent. By the end of two years, and the bill matures and demands payment. It is expected from a franchise owner extract money from two moment decreases, and use that money to pay bills. Furthermore, there is a four-percent advertising fee, which remains the same throughout the franchise agreement imposes kontakt.Franšizni 10-year contract, and the option to renew for another 10 godina.Franšize can not be given a place of exclusion, but the parent company ensures that any old or new operations in this area will impact on sales and growth of existing sites.
extensive training for the Tim Horton's franchise
company's training center is located in Oakville, Ontario. This is where franchisees receive extensive training on how to start or run their business. All new members undergo training franchise for eight weeks. The facility includes classrooms in Ontario, and a fully operational store. During exercise, proper food, hygiene, process, store maintenance equipment, and employee relations are given emphasis. After training is completed, the corporate office will send the store opening crew will remain on hand with a franchise business for two weeks.