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Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs The Salad Bowl Cafe 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 | $100,000 - $250,000 |
Franchise Fee | $35,000 | N/A |
Royalty Fee | 4.5% | - |
Advertising Fee | 4% of Gross Sales | - |
Year Founded | 1964 | - |
Year Franchised | 1965 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
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 |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
As a franchisee, you have buying power, the power not of one, but of all The Salad Bowl franchisees around the country. Your contracts for the freshest produce, the best ingredients for soups, the finest quality wholesale providers for uniforms, equipments and signage are in place and ready for you to benefit from immediately. When you open the doors to your new The Salad Bowl, you will have been trained in every aspect of the business. Our training takes place at our corporate headquarters and in our company owned stores allowing you to receive hands on training. In addition, our staff with be with you when the doors open to make sure your investment moves in the right direction from day one. It is our belief that your success is our success and not vice versa. Our success in offering the very freshest ingredients at a very competitive price has won the praise of our customers and corporate entities wanting to have access to quality healthy food for their employees at corporate luncheons, business meetings and other company functions. Our high standards have solidified ongoing working relationships with high profile hotel chains offering The Salad Bowl and or its franchisees the opportunity to locate within or adjacent to their hotels to provide a healthy alternative for their hotel guests. Give us a call to see what prime locations may be available in your market that could increase your opportunity for rapid success. Franchises are available throughout the U.S. and abroad o Individual franchise ownership o Area development opportunities o Master license opportunities