Tim Hortons USA Franchise Review 2026: Ratings & Verdict

Product details

Contents

Key facts


The Verdict

Quick Verdict · who it fits

TIM HORTONS USA INC. fits first-time franchise buyers looking for a mature food & beverage concept.

✓ Strengths

Key FDD Facts

The numbers a buyer needs first — straight from the filing.

Initial investment (Item 7)

$148K - $3.3M

Franchise fee (Item 5)

$25K

Royalty (Item 6)

4.5–6% + 3–4% ad

System size (Item 20)

669 +42

Years in business

19+ yrs

Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.

What you'd pay the franchisor

Drag to your projected annual sales. Royalty 4.5–6% + ad fund 3–4% on gross sales.

PROJECTED ANNUAL SALES$500,000

$100k$2M

Royalty (4.5–6%)

Ad fund (3–4%)

Total / year

▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration

Executive Summary

Free AI summary — the first read on the filing.

Key Numbers

669

Total units open

42

Units opened last year

10

Units closed last year

29

Net unit growth

AI Due Diligence Findings PREMIUM

What our analysis flagged across the 2026 filing.

4

Risks to review

3

Strengths identified

5

Questions to ask

Industry Benchmarks

How Tim Hortons USA ranks against 561 Food & Beverage peers we've analyzed.

Initial investment

16th pct · of 561 peers

Franchise fee

14th pct · of 561 peers

System size

89th pct · of 561 peers

Food & Beverage industry averages

Avg investment

$594K - $1.4M

Avg franchise fee

$44K

Avg system size

346

Franchises analyzed

561

How Tim Hortons USA stacks up

Closest concepts by category and investment.

Brand Item 19 Fee Investment Royalty Units
Tim Hortons USA Disclosed $25K $148K - $3.3M 4.5–6% 669
Grna Street Pizza GroupSimilar price Disclosed $50K $1.8M - $3.3M 5% 0
Doctor's AssociatesBiggest system Disclosed $15K $227K - $630K 8% 18,773
Vintage Hospitality GroupTop-rated in category Disclosed $50K $3.5M - $6.4M 5.5% 33

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Frequently Asked Questions

How much does a TIM HORTONS USA INC. franchise cost?

TIM HORTONS USA INC. requires a $25,000 initial franchise fee and a total initial investment range of $148,000–$3,312,500, per the most recent FDD on file.

Does TIM HORTONS USA INC. disclose financial performance (Item 19)?

Yes. TIM HORTONS USA INC. discloses Item 19 financial performance representations in its FDD. See the financials sub-page for the disclosed figures.

What ongoing fees does TIM HORTONS USA INC. charge?

Franchisees pay a royalty of 4.5% to 6% of Gross Sales and an advertising fund contribution of 3.0% to 4.0% on gross sales as defined in Item 6 of the FDD.

How many TIM HORTONS USA INC. locations are there?

As of their 2026 FDD, TIM HORTONS USA INC. has 669 total locations, with 42 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.

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