franchisedata.io/brands/tim-hortons
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Tim Hortons logo

Tim Hortons

Top 500 #71Coffee, Timbits & BakeryNYSE: QSR
683 Units•HQ: Toronto, ON•Est. 1964•Official Website •Verified: Sep 10, 2026 16:01:08 UTC

“Always Fresh”

Key Institutional Metrics

Verified commercial performance, store unit economics, and official regulatory disclosures

Systemwide SalesANNUAL
$3.1B
↑+2.5% 3-Yr CAGR

Total annual gross sales across all US franchised & company stores combined.

Source: CA DFPI / FDDFY2025
Total Store Fleet
683 Units
92% Franchised•8% Company

Standardized brick-and-mortar store count with verified GPS coordinates.

Source: Brand Directory2026
Store Volume (AUV)
$4.61M
Top 25%: $6.28M

Annual average sales for a single mature franchised store location.

Source: FTC Item 192025
Royalty & CapitalITEM 5/6/7
4.5% Royalty
Ad Fund: 3%

Initial investment: $2.20M – $4.80M.

Source: FDD Item 72025

Executive Intelligence Brief

Official Site

Tim Hortons (NYSE: QSR) is a publicly traded enterprise founded in 1964 and headquartered in Toronto, ON. Ranked #71 in US restaurant systemwide sales, it stands as a premier flagship in the Coffee, Timbits & Bakery category, maintaining a physical footprint of 683 store locations (92% franchised). The brand generates an average unit volume (AUV) of $4.61M per store, backed by enterprise in-store technology and multi-platform digital delivery distribution.

Coffee, Timbits & BakeryLimited-Service (LSR)92% Franchised
Ownership StructurePublic
HeadquartersToronto, ON
Founded1964 (62 yrs)
Executive LeadershipJoshua Kobza
Live Disclosures & Wire1 Active Records
distress3d ago
Tim Hortons franchisee wins more time to sell restaurants in NOI proceeding

Tim Hortons franchisee wins more time to sell restaurants in NOI proceeding. Verified commercial disclosure for Tim Hortons.

Source: Insolvency Insider CanadaRead on Insolvency Insid

Commercial Index

100% VERIFIED
FDD Item 19 Filing Indexed (2025)
Geocoded Locations683 Units
POS ArchitectureNCR
Delivery Multi-HomingDoorDash · Uber Eats
SBA Solvency RatingLow Risk (2.8% default)
API Standardx402 / REST / MCP
View JSON

Three Pillars of Commercial Health

Standardized unit economics based on FDD Item 19 filings and SBA lending solvency benchmarks

Unit Profitability
Tier-1
Average Unit Sales$4.61M
Store EBITDA Margin15.5%
Food & Paper Cost31.5%
Labor Cost Ratio29%
Commercial Economics Insight:Tim Hortons maintains standardized unit economics typical of Tier-1 Coffee, Timbits & Bakery franchise networks with disciplined prime cost management.
System Expansion
+2.5% CAGR
Systemwide Sales$3.1B
Net Additions+20 Units
3-Yr Unit CAGR2.5%
International Share8%
Expansion & Scale Insight:Targeted footprint expansion in high-density suburban corridors and digital drive-thru pickup configurations.
Franchisee Solvency
Low Risk
SBA Default Rate2.8%
Capital Payback3.9 Yrs
Agreement Term10 Yrs
Renewal Rate94.5%
Lender Risk & Solvency:Historical SBA loan performance reflects solid debt service coverage (DSCR > 1.35x) across seasoned multi-unit operators.

5-Year Performance & Footprint Trend

Historical progression of total units, average unit volume (AUV), and systemwide sales

$3.87M
2020
$4.2M
2021
$4.43M
2022
$4.56M
2023
$4.61M
2024
2024 Total Fleet683 Units
2024 Average AUV$4.61M / yr
2024 System Sales$3.1B

Developer & Agent Endpoint

curl -s "https://franchisedata.io/api/brands/tim-hortons/locations?limit=25"

Queries up to 50 store locations with GPS coordinates, POS hardware, delivery links, and operational status. Supports ?state=CA, ?city=..., ?zip=..., ?drive_thru=true.