Tim Hortons will be the next big franchise in India. We will discuss Tim Horton Franchise Cost, Profit Margin and other terms and conditions in India.
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Tim Horton Franchise In India Overview
Tim Hortons Franchise in India is a renowned Canadian restaurant chain that is well-known for its wide range of beverages including coffee, hot chocolate, tea bags, cappuccinos, as well as its selection of donuts. It is a subsidiary of Restaurant Brands International, a prominent Canadian-American holding company that also owns the globally recognized burger brand, Burger King.
Tim Hortons was established in 1964 by Tim Hortons, a popular hockey player, and later expanded through franchising with the assistance of Ron Joyce, a significant investor in the company. Presently, Tim Hortons operates over 5000 outlets across more than 15 countries worldwide, and its footprint continues to grow rapidly.
Tim Horton Franchise Cost
Tim Horton Franchise cost in India range between 75 lakhs Rupees to 2 crores Rupees is required, The minimum area required to open the franchise is 1200 square feets. The initial investment encompasses the franchise fee, marketing fee, and other necessary expenses. The Royalty charged by the brand is not yet disclosed.
AG Cafe has successfully obtained an exclusive master franchise agreement with Tim Hortons to introduce its outlets in India.
The objective is to open over 120 outlets in various cities across India within the next 36 months.
|Particulars||Amount (in Rupees)|
|Franchise fee initially||17 lakh to 35 lakh Rupees|
|Equipment||20 lakh to 40 lakh Rupees|
|Building cost||20 lakhs to 1 crore Rupees|
|Training||5 lakh Rupees|
|Initial inventory and startup supply||2 Lakh to 5 Lakh Rupees|
|Insurance||1.5 Lakh Rs to 4 Lakh Rs.|
|Security deposit||upto 1.5 Lakh Rs.|
|Other Expenditures||10 Lakh to 30 Lakh Rupees|
|Total investment estimated||75 Lakh To 15 Crore Rs.|
Tim Horton Franchise Profit
We will analyze Tim Horton Franchise Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 15,00,000 Rupees i.e. 50,000 Rupees per day.
|Gross Sales||15,00,000 Rupees|
|Food Cost @40%||(6,00,000) Rupees|
|Electricity and Water Supply||(25,000) Rupees|
|Salary of Workers and their Expenses||(1,00,000) Rupees|
|Aggregator Commission (Zomato, Swiggy)||(60,000) Rupees|
|Royalty and Advertisement Fee @9.5%+GST||(1,50,000) Rupees|
|Other expenses (Software, Maintenance and Misc)||(75,000) Rupees|
|Net Profit||4,00,000 Rupees|
We can conclude that the Profit Margin of the Tim Horton Franchise is 26.66% for the Sales of 15,00,000 Rupees. The outlet may have less profits in the initial days, but Indian food will eventually gain high popularity and have great demand in the market.
Location plays a very crucial factor in determining the success rate of a franchise along with food quality and service.
The location should have a very high footfall. It should be in the main market of that area. A corner outlet is the most preferable option.
You can open the outlet nearby colleges, corporates, or any place where young people love to have Pizza and fast food.
How to get Tim Hortons Franchise?
To get the Tim Hortons Franchise, you have to fill out the Form on their official website or you can contact any of your nearby outlet for further process. We are not the franchise givers of this brand.
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