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Updated RecentlyTim Hortons vs Salad Creations Inc. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Salad Creations Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $135,300 - $2,068,500 | $200,000 - $225,000 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 4.5% | 6% |
| Advertising Fee | 4% of Gross Sales | - |
| Year Founded | 1964 | 2002 |
| Year Franchised | 1965 | 2004 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | - | $5000 |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| 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 | The Salad Creations marketing team maintains a full calendar of promotions and local store marketing support to maximize new guest traffic, encourage dining frequency and increase average check. Franchisee marketing support begins with a standard grand opening package design to provide a strong initial impact in each new franchisee's market and deliver incentive for guest trial. Throughout the year, franchisees are provided with turn-key corporate promotions that support brand initiatives as well as seasonal and holiday opportunities. Franchisees also receive year-round marketing support through such foundational programs as the frequent dinner card, customer e-mail communications and persuasive in-store displays. Throughout the year, franchisees also participate in ready-made local store marketing programs tailored for their particular guest demographic or specific neighborhood profile. Salad Creations utilizes a company-wide communication intranet system that enables efficient communication throughout the organization. We provide up-to-date information that is easily accessible at your fingertips. The Salad Creations Team is committed to maintaining personal relationships with each franchisee, area developer, employee and vendor associated with Salad Creations. |
| Marketing | Ad slicks, Regional advertising | Salad Creations is dedicated to providing franchisees with the tools they need to prosper in their local markets. The Salad Creations marketing team also aggressively promotes the brand on a nationwide level to increase awareness of the concept and fuel growth of the chain. |
| 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) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Tim Hortons
The total investment necessary to begin operation of a Co-Branded Restaurant franchise under a Franchise Agreement (excluding real property) ranges from $695,500 to $1,837,400 for a newly-built Co-Branded Restaurant and from $135,300 to $219,600 for a Tim Hortons restaurant that is renovated to become a Co-Branded Restaurant. This includes $466,000 to $686,500 for a newly-built Co-Branded Restaurant and $5,500 to $177,600 for a Tim Hortons restaurant that is renovated to become a Co-Branded Restaurant that must be paid to the franchisor or an affiliate.
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About Salad Creations Inc.
What if you could make the world around you a better place? Seems like a tough challenge. And yes, it is. But just like every endeavor, you have to start somewhere and from there things, well, just gain momentum. Well, at least that’s what we, at Salad Creations, believe. That’s why we pride ourselves on creating great tasting, fresh, chopped salads that are healthy for you. But, for us, those salads are just the beginning of what we truly create.
We believe that the goodness we create makes your world a better place. That’s because every time you walk through our doors, you’ll feel better about yourself and the decision you made. And we hope you’ll share this newfound happiness with those around you. From there, this goodness will spread throughout your community, inspiring and exciting others to do good things for themselves and their world.
Salad Creations was developed to meet the growing needs of the lifestyle minded consumer who desires a great, fresh, delicious meal as an alternative to the typical fast food available today.If you have ever dreamed of owning your own business with a low investment, ease of operation and reasonable hours, consider Salad Creations.
Salad Creations offers exceptional quality and value. From our innovative look to our unique selections and exceptional customer service, our customers enjoy a unique, fresh dining experience.
Salad Creations is committed to growth and has plans to bring the Salad Creations experience to consumers across North America. To ensure your success, we offer:
Training and support
Continuing operational support
Investment and financing assistance