| ||||
Updated RecentlyTim Hortons vs Aroma Espresso Bar Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Aroma Espresso Bar 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 | $527,500 - $1,495,000 |
| Franchise Fee | $35,000 | $55,000 |
| Royalty Fee | 4.5% | 7% |
| 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 |
||
| 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. | We are seeking franchise candidates who demonstrate a commitment to the aroma espresso bar brand values, help maintain and improve the quality of our products, provide excellent customer service, and strengthen our brand name and company standards. Previous experience in the food service or management industry is welcome, but not required. |
Financing Options |
||
| 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 |
||
| 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) | Previous experience in the food service or management industry is welcome, but not required. aroma espresso bar’s comprehensive training program attempts to ensure all our franchise partners are confident in their own abilities to run a successful franchise upon completion. |
| 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 | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
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.
!["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")
About Aroma Espresso Bar
Franchise partners play a significant role in the success of Aroma Espresso Bar. As we continue to expand, the need for responsible, driven, and passionate business people to join our family of franchise partners grows.
If you are interested in becoming an Aroma Espresso Bar franchise partner, please read the information provided to gain a better understanding of our franchise process, from initial application to grand opening.
Our values at Aroma Espresso Bar have helped ensure our success in Canada since our inception in 2007.
- Stellar service and friendly, knowledgeable staff
- Nutritious salads and sandwiches prepared to order with fresh ingredients
- Bread and pastries freshly baked in-store throughout each day
- A wide range of premium signature hot and cold beverages carefully prepared by expertly-trained baristas
- Vibrant atmosphere and striking modern decor
- Innovative catering
- Reasonable prices
- Community involvement