| ||||
Updated RecentlyChock full o' Nuts vs Tim Hortons Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Chock full o' Nuts vs Tim Hortons including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $272,500 - $425,900 | $135,300 - $2,068,500 |
| Franchise Fee | $3,000 - $20,000 | $35,000 |
| Royalty Fee | 5% | 4.5% |
| Advertising Fee | - | 4% of Gross Sales |
| Year Founded | 1990 | 1964 |
| Year Franchised | 1993 | 1965 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 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/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
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 |
| 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 |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
Company Overviews
About Chock full o' Nuts
Flexibility! Scalability! Vertically Integrated from Our Plantations to Your Cup! The Chock Retro Coffee Shop is a cross between a NY Coffee Shop and the Classic NY Diner, offering Breakfast, Lunch and Dinner served throughout the day. The famous Date Nut Bread Cream Cheese Sandwich, Muffins, Bagels, Donuts, Famous Burgers, Frankfurters, Pastrami Sandwiches, Lemon Pies etc make the Chock Coffee Shop a destination for all times of the day. Chock Classic's The Chock Full Kiosk can adapt to any location. From Malls and Airports to Office Buildings and Hospitals to Grocery and Convenience Stores. You can offer our fresh baked goods and a variety of high quality Beverages from a small footprint. The Chock Cafe' is Chock Full o'Value with a full line of Quality Breakfast Baked Goods and Beverages in a Comfortable Setting. Long before pricey coffee bars dotted every city block, there were Chock Full o'Nuts Cafes. (We started our coffee shops way back in 1932!) The cafes are the one spot where consumers know that they can sit and relax while they enjoy the best cup of coffee that NY has to offer! Chock Full o'Nuts is part of the largest privately held Coffee Company in the world. We own 100% Arabica the Plantations, 10 roasteries, warehouse and distribution facilities, a factory that builds the finest espresso machines available, and over 700 international coffee shops worldwide. We sell over 120 thousand tons of coffee annually and process over 2.5 million bags of green coffee per year! Our program is a turnkey, branded coffee and beverage concept, featuring the finest blends of 100% Arabica Coffee beans, roasted to our own exacting standards, for the distinctive aroma and unparalleled full-bodied taste, demanded by coffee consumers everywhere. Chock Full is famous for Quality and Consistency. We offer unique packages, custom fit to every operator's needs. Marketing Partnerships with NY Icons: New York Yankees West Point Military Academy Madison Square Garden Radio City Music Hall The New York Improv Official Coffee served to all guests of the NBC Today Show, CBS Early Show, David Letterman Show, Regis and Kelly and The View Pricing Minimum requirement: $40,000 (Includes 2 Cafes or 1 Cafe and 2 Kiosks or 4 Kiosks) AreaDeveloper/Master: Minimum $125,000 Huge territories, Lowest Royalties in Coffee Franchise Industry No ad fees.
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.
!["Top]("https://www.betheboss.ca/images/top-100-logo.final%202020.png"){kind=logo}
![""]("https://static.franchisedirect.ie/dims4/default/9cfe0cd/2147483647/crop/454x434%2B0%2B0/resize/200x191/quality/95/?url=http%3A%2F%2Fd1imm0s6tc8o7m.cloudfront.net%2F1f%2F1f%2F47018bb74550b92351e946038cf1%2Ftop100-big-2020.png")
!["franchiserankingscom"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")