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Restaurants

Tim Hortons franchise

Coffee, baked goods and quick-service restaurants.

Opening investment
$60,150–$3,312,500

2026 FDD · Across 5 disclosed formats

U.S. locations
693

2025

Worldwide locations
6,209

June30,2026 · franchised and company-owned restaurants

Systemwide sales
$8.2 billion

FY2025 · worldwide systemwide sales · issuer-reported

Opening costs and fees

$60,150–$3,312,500

Opening costs vary by format, location and lease terms.

Operating formats

Standard Shop: New Model

$988,000–$3,312,500

2026 FDD Item 7

Includes $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Standard Shop: Within Petro Locations (Convenience Store / Gas Station)

$427,500–$1,573,500

2026 FDD Item 7

Includes $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Standard Shop: Other (Urban In-Line / Traditional Models)

$913,000–$3,013,500

2026 FDD Item 7

Includes $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Non-Standard Shop (Kiosk / Cart / Institutional)

$148,000–$802,700

2026 FDD Item 7

Includes $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Operator Agreement (Franchisor-Equipped Restaurant)

$60,150–$217,500

2026 FDD Item 7

Includes $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Revenue and performance

Worldwide Tim Hortons systemwide sales
$8,248 million ($8,248,000,000 normalized whole USD) in reported worldwide systemwide sales for fiscal 2025. This is systemwide sales, not average unit revenue, franchisor revenue, profit or owner income.FY2025 ended 2025-12-31

Revenue is sales before expenses, not owner income. Compare matching periods, formats and location samples.

Locations

693 U.S. locations (2025).

Existing locations do not establish that a new territory is available. Confirm your market with the franchisor.

Sources and figure notes

Reporting periods and scope

U.S. locations

2026 FDD Item 20 Table 1 reports 669 franchised and 24 company-owned U.S. outlets (693 total) at fiscal year-end 2025.

Worldwide locations

6,209 restaurants worldwide as of June 30, 2026, including franchised and company-owned restaurants. Snapshot at June30,2026; restaurant count is not pipeline, franchise agreements, rooms, territories, annual openings or individual franchise owners. Combined franchised and company-owned restaurants. The parent’s over95% franchise share is not assigned to any individual brand; brand-specific ownership split stays null. Brand worldwide figure is stated literally in Note1. TH/BK/PLK/FHS financial segments describe U.S./Canada; INTL aggregates brands outside U.S./Canada with stated exclusions, and RH separately reports company operations. Do not add overlapping segment figures. Key Operating Metrics includes Carrols BK KPIs in BK and BK China/PLK China/FHS Brazil KPIs in INTL, although their financial segments differ. The Note1 count avoids financial/KPI segment double counting. Restaurant definition considers scope of operations, format/image, separate franchise agreement and minimum sales thresholds. Alternative formats failing that definition are not normalized into restaurant counts. Source is an unaudited interim Form10-Q statement. No original HTML or full-document authenticity certification. Older FY2025 worldwide and regional rows are retained separately as historical context, not revised. Systemwide sales are not annual unit means or owner income.

Systemwide sales

$8,248 million ($8,248,000,000 normalized whole USD) in reported worldwide systemwide sales for fiscal 2025. This is systemwide sales, not average unit revenue, franchisor revenue, profit or owner income.

Opening investment

$988,000–$3,312,500 for Standard Shop: New Model; $427,500–$1,573,500 for Standard Shop: Within Petro Locations (Convenience Store / Gas Station); $913,000–$3,013,500 for Standard Shop: Other (Urban In-Line / Traditional Models); $148,000–$802,700 for Non-Standard Shop (Kiosk / Cart / Institutional); $60,150–$217,500 for Operator Agreement (Franchisor-Equipped Restaurant) in the 2026 FDD Item 7 tables, including $50,000 (Initial Franchise Fee (Standard Shop: New Model)) and $25,000–$42,000 (Additional Funds - 3 mos (Standard Shop: New Model)).

Research snapshot: . Sources and methodology

Compare independent startup vs. franchise economics

Compare Tim Hortons’s franchise model against starting or buying an independent business in coffee and beverages (line-item CapEx, 0%-royalty owner SDE margins & SBA resale multiples):

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