Korean Job Discussion Forums

[Gideon]

Good choice? Should I cash in all my saving and invest into a Tim Hortons franchise?

Actually i know quite a lot about this business and the hospitality industry in general. I've met the co-founder of Tims, Ron Joyce during a sailing race in Marblehead, Boston a few years back. A lot of owners were at this event and Ron's 30 + million $ sailing yacht was the eye catcher. I remember when the race started I saw Ron sitting in the hot tub on his boat waving people off.. It was a great time to say the least.

I've been thinking about this for quite a long time. I know of others who own Timmys on the east coast, and they are doing very VERY well to say the least.

Info for anyone how is interested :


How much does it cost to purchase a Tim Hortons franchise?

The cost of a full Canadian franchise varies from $420,000 to $450,000* (CDN$) (plus all applicable taxes). At least $135,000 of the franchise cost must be unencumbered (cash or liquid assets), in addition to $50,000 in working capital (also unencumbered). The remaining amount may be financed through the chartered banks, upon 'approval' of a franchise.

* The cost of a Tim Hortons license may exceed $450,000 in certain locations due to higher development costs.

NOTE: Satellite franchisees (i.e. kiosks, malls, petroleum sites, airports, universities) are not available to a franchisee as their first location.


What is included in the cost of the franchise?

Included in the cost of a franchise is the following:

-all equipment, furniture, display equipment and signage
-8-week training program in the Oakville, ON Training Centre
-a store opening crew to assist in the opening of a Tim Hortons restaurant (for a maximum period of two weeks)
-the use of all Tim Hortons Manuals
-right to use the Trademarks and Trade names
-support from the head Office personnel

And i know all you canadians love your timmys eh!!

Something to think about.. for me its the driving force that gets me up every morning to work those long tedious hours

[Poktanju]

Unrelated to Korea. Thread in progress in OT:
http://www.eslcafe.com/forums/korea/viewtopic.php?t=85050