Home › Quick Service Restaurant / Coffee & Baked Goods (Co-Branded with Cold Stone Creamery) › Tim Hortons
The real numbers on owning a Tim Hortons franchise
Quick Service Restaurant / Coffee & Baked Goods (Co-Branded with Cold Stone Creamery) · FDD 2026 · from public state filings
FDisclosure honesty
This franchisor discloses little to no earnings data (Item 19).
Investment
$135,300–$1,914,400
Total fees
8.5% of sales
Outlets
693
Closure signals
2 ceased, 10 terminated
Lawsuits
0
What their own earnings claim actually says
No Item 19 financial performance representation is included in these FDD excerpts. No revenue, sales, or income data disclosed. Complete omission; prospective buyers receive zero earnings guidance.
Honesty grade F: the disclosed numbers are incomplete or framed to look better than an owner's real take-home.
Failure & turnover reality (Item 20)
2025: 10 non-renewals, 2 ceased operations, 1 reacquired by franchisor; Co-Brand addendum shows 8 outlets from 16 in 2023, shrinking system.
Get the full Tim Hortons validation report — $149
The franchisor won't put real owner profit in writing. We do — reconstructed from their own FDD.
Franchisor's framing: No Item 19 financial performance representation is included in these FDD excerpts. No revenue, …
🔒 Real estimated owner take-home (low / median / high) — unlocked in the report
Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
Break-even timeline + cash-on-cash ROI on your investment
Full fee stack + required-purchase markups
Decoded real failure / closure rate
How it ranks vs comparable franchises
Validation-call playbook — who to call + the exact questions
The FDD lists a total initial investment of about $135,300–$1,914,400, including a $20,000 initial franchise fee.
How much do Tim Hortons franchise owners make?
Tim Hortons discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
What is the Tim Hortons franchise failure rate?
2025: 10 non-renewals, 2 ceased operations, 1 reacquired by franchisor; Co-Brand addendum shows 8 outlets from 16 in 2023, shrinking system.
Is a Tim Hortons franchise worth it?
It depends on the numbers, not the pitch. Tim Hortons scores F on disclosure honesty, carries about 8.5% of sales in ongoing fees. Get the real owner take-home before you sign.
Own a Tim Hortons? Add your real numbers (anonymous)
We publish only aggregated benchmarks — never your name. Contribute and we'll show you how your numbers compare.
Source: MN CARDS 35506-202603-08 (Clean FDD 2026). FranchiseValidate is independent and not affiliated with Tim Hortons or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.