How many TIM HORTONS franchise locations are there?

As of the 2026 FDD, TIM HORTONS has 669 franchise locations. The company has been franchising since 1984.

Can you get an SBA loan for a TIM HORTONS franchise?

Yes, SBA loans are available for TIM HORTONS franchises. Historical data shows 31 SBA 7(a) loans have been approved for TIM HORTONS franchisees, with an average loan amount of $496,894. The historical default rate is 0.0%.

Is TIM HORTONS a good franchise to buy?

TIM HORTONS shows several positive indicators: established brand with 669+ locations, low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

TIM HORTONS

FDD Year:

Tim Hortons USA Inc. franchises restaurants specializing in coffee, non-alcoholic beverages, baked goods, soups, sandwiches, and related products under the Tim Hortons brand and system. They offer Franchise Agreements for Standard and Non-Standard Shops, Operator Agreements, Development Agreements, and limited Co-Branded options with Cold Stone Creamery, targeting quick-service consumers in various locations like standalone sites, drive-thrus, retail centers, and non-traditional venues. The business model involves initial franchise fees, ongoing royalties, and support for franchisees operating in compliance with brand standards in the competitive fast-food and coffee shop market.

669

Locations

$988K–$3313K

Investment

Since 1984

Franchising

Food & BeverageMiami, FLRestaurant Brands International Inc.www.timhortons.comDisclaimer

Franchise Costs

Franchise Fee

$50,000

Item 5 of FDD

Initial Investment Range

$988,000 – $3,312,500

Low: $988,000High: $3,312,500

Item 7 of FDD

Royalty Rate

6.00%

of gross sales

Brand Fund

4.00%

Item 6 of FDD

Fixed Monthly Fees

$450 – $1,400

Item 6 of FDD

6% royalty + 4% ad fund + $450-$1,400/mo restaurant technology fee

How TIM HORTONS Compares

Key Insights

Higher investment than 82% of Fast Food franchises
Higher than average SBA loan default rate in Fast Food

Franchise	Investment	Fee	Royalty	Locations
TIM HORTONS Current	$988K – $3.3M	$50K	6.0%	669
MCDONALD'S	$1.5M – $2.6M	$45K	N/A	12,772
AFC	$45K – $151K	$6K	9.5%	3,572
KFC (NON-TRADITIONAL)	$1.2M – $4.2M	$45K	N/A	3,404
SONIC DRIVE-IN	$1.5M – $2.5M	$15K	5.0%	3,120
JIMMY JOHN'S	$366K – $734K	$35K	6.0%	2,737
Fast Food Average 129 franchises	$608K – $1.6M	$35K	6.1%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 129 Fast Food franchises by location count.

SBA Loan History

Historical SBA 7(a) loan data for TIM HORTONS franchisees (2013 – 2025)

Total Loans

Average Loan

$496,894

Total Volume

$15.4M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

284 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active

284 Contacts Available

Unlock all TIM HORTONS franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases6

Primarily class actions by franchisees alleging breaches related to advertising fund mismanagement and interference with franchisee association rights (settled 2019), along with individual disputes over franchise terminations, non-renewals, failure to pay fees, and breaches of good faith, duty of assistance, pricing control, and retaliation on renewals/transfers.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

The total initial investment to open a TIM HORTONS franchise ranges from $988,000 to $3,312,500. This includes a franchise fee of $50,000. Ongoing royalty fees are 6.0% of gross sales.