Quote:
Originally Posted by grumpy
tim horton
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to franchise a Tim Hortons in Canada the initial cost varies from $430,000 to $480,000. Alo, Every month about 30% or so of your gross monthly sales goes to pay fees.
a weekly Royalty fee of 4.5% of gross sales for the term of the License;
a monthly Rental fee (which is the greater of a fixed minimum rent or 8.5% of gross monthly sales);
a monthly Advertising levy of 4% of gross sales for the term of the License.
at the end of each five (5) year period of the License term, at the sole discretion of The TDL Group Corp., an obligation to refurbish the restaurant to meet current Tim Hortons standards.
And you have to be hands on operators. They will deny you application if you're just some not to corporations or passive investors. There may be other fees or rules that I miss, but that's the jist of it.
oh, this is for a Tim Hortons in canada