Tim Hortons vs Chicken Salad Chick Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Chicken Salad Chick 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 | $562,000 - $740,000 |
Franchise Fee |
$35,000 | $50,000 |
Royalty Fee |
4.5% | 5% |
Advertising Fee |
4% of Gross Sales | 2% |
Year Founded |
1964 | 0 |
Year Franchised |
1965 | 0 |
Term Of Agreement |
10 years | 10 years |
Term Of Agreement |
10 years | 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) | Ten days of training at Corporate Training Facility in Auburn, Alabama for three key franchise employees |
Support |
* The use of all Tim Hortons Manuals
* Support from head office personnel who have vast knowledge in the food service business | *Opening support for ten days at your location, coordinated around the store’s grand opening.
*Restaurant opening guide.
*Training manuals for franchise staff.
*Accounting applications training.
*Comprehensive decor package for interior design of restaurant.
*Marketing, public relations and promotion plans for use by each franchisee.
*Access to our in-house team of trainers, public relations and marketing professionals and business experts.
*Periodic visits to each of your locations to provide support and counsel.
*Site selection counsel and approval, working together to identify appropriate demographics, traffic patterns, ingress and egress, and more.
*Additional real estate site support includes:
Architectural drawings of a typical floor plan with a finishing schedule.
General data for plumbing and electrical in partnership with equipment vendor.
|
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 | Yes |
International Expansion |
Yes | 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.
Tim Hortons is the # 1 Canadian franchise for 2020.
#44 on Franchise Rankings.com
About Chicken Salad Chick
Simply Southern Restaurant Group is proud to serve as the exclusive franchisor of the freshest, most unique lunch and dinner concept in the industry today.
Chicken Salad Chick is an exciting concept, one that allows us to offer our franchisees an opportunity to build a business in a virtually untapped market. We offer customers a "custom-fit" Chicken Salad Experience, with 15 original flavors to choose from, as well as gourmet soups, flavorful side salads and freshly-baked desserts. There's truly something for everyone!
The minimum financial requirements to own a Chicken Salad Chick is $125,000 liquid capital and $500,000 net worth per location.
If you enter into an Area Development Agreement for multiple
restaurants, you will be required to pay the initial franchise fee for
the first location and a non-refundable development fee of $20,000 for
each additional Chicken Salad Chick restaurant to be developed. The
remaining $25,000 of the franchise fee for subsequent locations is paid
to the franchisor and a $10,000 grand opening marketing fee is paid to
our Affiliate, upon signing the franchise agreement for each additional
location.
#18 in Gator's Top franchises.
#322 in Franchise 500 for 2021. Not in Franchise 500 for 2020.