|
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Duke Sandwich Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $135,300 - $2,068,500 | $150,000 - $1,100,000 |
Franchise Fee | $35,000 | $25,000 |
Royalty Fee | 4.5% | 6% |
Advertising Fee | 4% of Gross Sales | - |
Year Founded | 1964 | 1917 |
Year Franchised | 1965 | 2004 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | *An entrepreneurial drive and ability to build a high performing team. *Prior management experience. Experience in food service and/or restaurant operations is a plus. *A lifestyle that allows for the time commitment required to launch and build a franchise restaurant. *Net worth of $500,000 and liquidity in the amount of $300,000 (The full investment from a Tim Hortons could be over $1,600,000) *A personal passion and commitment to the development of the Tim Hortons brand. *Ability to exemplify and execute the Tim Hortons principles and standards of operation on a daily basis. *Understand the importance of being a community partner that is proud to represent Tim Hortons. | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
||
Training | New franchisees undergo an intensive seven week training program at the Tim Hortons University, located next to the Oakville, Ontario, head office. The facility includes classrooms and a fully operational Restaurant, providing trainees with intensive hands-on experience in the preparation of all Tim Hortons products. Strong emphasis is placed on food handling and hygiene procedures, Team Member relations, equipment maintenance and in-Restaurant security systems. * Seven (7) week training program in the Oakville, Ontario, at Tim Hortons University * A Restaurant opening crew/Manager of Operations Standards (MOS) to assist the opening of the Tim Hortons Restaurant (for a maximum period of two weeks) | - |
Support | * The use of all Tim Hortons Manuals * Support from head office personnel who have vast knowledge in the food service business | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Ad slicks, Regional advertising | Regional advertising |
Operations |
58% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 - 30
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home.
Number of employees needed to run franchised unit: 8 - 8
Absentee ownership of franchise is allowed. |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
The goodness and tradition of Duke Sandwich Co. can be traced back to
Eugenia Duke preparing sandwiches for World War I soldiers - delectably
simple spreads that reminded the doughboys of a taste of home. New
flavors and new traditions are being born every day at Duke Sandwich
Co., yet they’re driven by the same integrity and passion that propelled
the company forward a century ago. Now to celebrate our 100 year
anniversary we introduce a new brand and soon new menu items to follow.
Don't worry your favorites are not going anywhere! Now this family-owned and operated company is sharing its original recipes and time-tested business system-offering franchise opportunities exclusively in South Carolina, North Carolina, Georgia and Tennessee.