# TIM HORTONS USA INC.

> TIM HORTONS USA INC. (founded 2007) is a Food & Beverage franchise with 669 units. Franchise fee $25,000, total investment $148,000–$3,312,500, royalty 4.5% to 6% of Gross Sales, Item 19 financial performance disclosed.

**Last updated**: 2026-06-13
**URL**: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md

## Quick Verdict

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

**Strengths**

- Discloses Item 19 financial performance
- 669 units — strong system scale
- Strong unit retention (1.9% closure ratio)

## Key Facts

- **Industry**: Food & Beverage
- **Year founded**: 2007 (19 years in business)
- **FDD year on file**: 2026
- **Units (Item 20)**: 669 total franchised; 42 opened in most recent year; 13 closed in most recent year
- **Closure ratio**: 1.9% (annual closures ÷ current franchised units — this is a system-level signal, not a cohort survival rate)
- **Item 19 (financial performance representation)**: Yes

## Investment

- **Franchise fee**: $25,000
- **Total initial investment**: $148,000 – $3,312,500
- **Royalty**: 4.5% to 6% of Gross Sales
- **Ad fund**: 3.0% to 4.0%

## Item 19 Financial Performance

- **Sample size**: 585 units
- **Reporting period**: 2025
- **Unit segment covered**: franchised Standard Shops
## Direct Competitors

| Metric | **TIM HORTONS USA INC.** (this brand) | GRNA Street Pizza Group LLC (Similar price) | DOCTOR'S ASSOCIATES LLC (Biggest system) | Vintage Hospitality Group, LLC (Top-rated) |
| --- | --- | --- | --- | --- |
| Franchise fee | $25K | $50K | $15K | $50K |
| Total investment | $148K–$3.3M | $1.8M–$3.3M | $227K–$630K | $3.5M–$6.4M |
| Royalty | 4.5% to 6% of Gross Sales | 5% | 8% | 5.5% of Gross Sales |
| Total units | 669 | 0 | 18,773 | 33 |
| Item 19? | Yes | Yes | Yes | Yes |


## Risk & Legal Signals

- **Item 4 bankruptcy**: none disclosed

## Frequently asked questions

**Q: How much does a TIM HORTONS USA INC. franchise cost?**
A: 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.

**Q: Does TIM HORTONS USA INC. disclose financial performance (Item 19)?**
A: Yes. TIM HORTONS USA INC. discloses Item 19 financial performance representations in its FDD. See the franchise's financials sub-page for the disclosed figures.

**Q: What ongoing fees does TIM HORTONS USA INC. charge?**
A: 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 or revenue as defined in Item 6 of the FDD.

**Q: How many TIM HORTONS USA INC. locations are there?**
A: TIM HORTONS USA INC.'s most recent FDD reports approximately 669 total franchise units in the system. See the franchise's growth sub-page for the full opens/closes breakdown and year-over-year trend.

## Source

Data on this page is extracted from TIM HORTONS USA INC.'s 2026 Franchise Disclosure Document, filed under FTC Rule 16 CFR 436.
- **Filing regulator**: Wisconsin Department of Financial Institutions (WI)
- **Regulator search URL**: https://apps.dfi.wi.gov/apps/FranchiseEFiling/activeFilings.aspx
- **FDD year**: 2026
- **Extraction pipeline**: pdfplumber text extraction + Claude AI structured field extraction, validated against the canonical Item 5/6/7/19/20 sections.

## Available Reports

- **Free Tier 1 summary**: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- **Tier 2 personalized 12-section deep-dive report**: $4.99 (or $9.99 for a 3-pack of 3 reports — purchased on the franchise page)

## Related

- Browse other Food & Beverage franchises: https://vetmyfranchise.com/franchises/food-and-beverage?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- Compare side-by-side: https://vetmyfranchise.com/compare?slugs=tim-hortons-usa-inc&utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- Fees deep dive: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc/fees?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- Item 19 financials: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc/financials?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- Growth & Item 20: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc/growth?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md
- Industry benchmark: https://vetmyfranchise.com/franchise/tim-hortons-usa-inc/vs-industry?utm_source=claude&utm_medium=ai_referral&utm_campaign=vmf_agent_md