Tim Hortons vs New York Bagel Cafe and Deli Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs New York Bagel Cafe and Deli including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Tim Hortons Franchise
New York Bagel Cafe and Deli Franchise
Investment $135,300 - $2,068,500$142,000 - $224,000
Franchise Fee $35,000$29,500
Royalty Fee 4.5%$750 - $950/ Mo.
Advertising Fee 4% of Gross Sales$250 - $500/ Mo.
Year Founded 1964-
Year Franchised 1965-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Tim Hortons Franchise
New York Bagel Cafe and Deli Franchise
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.

Prior experience is not required. N.Y. Bagel Cafe� & Deli will provide you with both pre-opening and operations training to run your store and to train others to assist you. This training will take place both in an existing N.Y. Bagel Cafe� & Deli location and �hands-on� in your store.

Financing Options

 
Tim Hortons Franchise
New York Bagel Cafe and Deli Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Tim Hortons Franchise
New York Bagel Cafe and Deli Franchise
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-
Marketing Ad slicks, 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)

-

Expansion Plans

 
Tim Hortons Franchise
New York Bagel Cafe and Deli Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

Company Overviews

About Tim Hortons

Tim Hortons is one of North America's largest developers and franchisors of quick service restaurants and one of the largest publically traded restaurant chains in North America based on market capitalization. Founded in 1964 in Hamilton, Ontario, Canada, Tim Hortons is one of the fastest growing coffee and bakery franchises in America and an industry leader in same stores sales with more than 4,000 restaurants worldwide (as of April 1, 2013). Today, our U.S. restaurants are primarily located in New York, Michigan, Ohio, Indiana, Pennsylvania, West Virginia and Maine. We have plans to grow our franchise opportunities throughout the U.S. in the coming years. We are far beyond coffee and donuts.Tim Hortons Cafe & Bake Shops is proud to serve "Always Fresh Premium Coffee," the coffee that has made us famous, as well as our always fresh baked goods, home-style soups, fresh sandwiches and wraps, hot breakfast sandwiches and specialty teas. We offer a variety of menu items that entice guests to visit our restaurants during all day parts including breakfast, lunch, dinner and the fastest growing category is the QSR category, late night snacking. From full-service restaurant franchises, to custom-built kiosks and a wide range of non-traditional venues, we build our restaurants to fit anywhere while maintaining the exceptional quality, freshness, convenience customers expect. Tim Hortons Cafe & Bake Shops have become a daily ritual in the lives of our guests through the quality and value of our products. This brand loyalty has been earned in partnership with franchisees, which we call our restaurant owners, by delivering superior products and services to our guests and communities through leadership, innovation and partnerships.

The total investment necessary to begin operation of a Tim Hortons franchise under a Franchise Agreement (excluding real property) ranges from $298,650 to $1,394,000 for a Non-Standard Shop/Kiosk, and from $1,009,000 to $2,068,500 for a Standard Shop. This includes $103,100 to $496,400 for a Non-Standard Shop/Kiosk and $389,600 to $511,400 for a Standard Shop that must be paid to the franchisor or an affiliate.
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.
"Top  ""

Tim Hortons is the # 1 Canadian franchise for 2020.


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So you can determine if a Tim Hortons Cafe & Bake Shop franchise opportunity is right for you, please fill out our form http://www.thefranchisemall.com/request/

About New York Bagel Cafe and Deli

Looking for a food franchise that has incredible growth potential and success since 1994? Well look no further. New York Bagel Cafe' & Deli, the #1 bagel franchise in the country could be the opportunity you have been looking for!! At New York Bagel Cafe' & Deli we take great pride in our food and our exceptional franchise opportunity. We strive to provide our franchisees with the best tools and knowledge to run a successful local business, and we encourage owners to learn the skills that will allow them to own multiple units. Why is N.Y. BAGEL the Top Bagel Franchise? * No other bagel can compare to our original New York bagel. * Simplicity: We have an easy to run operation with minimal space needs. * Support: We have proven systems in place to assist all of our franchisees 24/7. * Control: We teach our owners to use our detailed control and inventory methods. Why are the Bagels So Good? * Bagels are delivered to your store par-baked, so you don't have to make them, just bake them. * Fresh Baked Bagels. Each store bakes the bagels fresh daily so you always have that fresh baked hot bagel! We at N.Y. BAGEL also take great pride in our people, especially our growing team of franchise owners. Here's why franchisees join N.Y. BAGEL: * Great Food * Location Flexibility * Low Investment * Proven Operational and Control Systems So come join us-we're looking to spread the wealth!
NY Bagel Cafe & Deli is the brainchild of Joe Smith, an enterprising upstate New Yorker who saw the opportunities back in 1994 for making inroads in the franchise fast-food market.
Take a proven commodity �" everyone’s favorite "light” meal, the bagel �" and then take it one step further. Offer the original New York bagel, and create a cornerstone for a bagel franchise … without the typical franchise bagel taste.
Then structure the business for ease of investment and operation, and "spread the wealth” with other motivated self-starters … like you, perhaps?