|
Below is an in-depth analysis and side-by-side comparison of Tim Hortons vs Country Style 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 | $230,000 - $360,000 |
Franchise Fee | $35,000 | $35,000 |
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 |
||
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 | -/- |
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) | - |
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 | Yes |
International Expansion | Yes | - |
At Country Style, we are coffee lovers. We use only 100% Arabica beans -
grown at high altitudes, that makes for a premium blend. We freshly
grind the beans on-site every time a new pot of coffee is brewed. Our
baked goods come straight out of the oven and are made with pride, the
old fashioned way. Our All-Day Breakfast Menu provides customers with a
choice of 12 breakfast sandwiches. We use only real Cheddar, never
processed cheese. For lunch, Bistro Deli offers gourmet sandwiches,
soups, wraps and made-to-order salads. Country Style simply believes in
the best - and this applies to everything - from the smiling faces
behind the counters to the quality of the products we serve. We have
combined innovation, quality, freshness and of course, value.
The estimated total investment of a "turnkeyā€¯ traditional Country Style Franchise representing a typical 2,000 to 2,400 square foot full production, free-standing unit with a drive thru is approximately $325,000 to $360,000; typical 875 to 1,000 square foot limited production free-standing unit drive thru only is approximately $280,000 to $300,000; a typical 1,000 to 1,500 square foot limited production in-line unit is approximately $280,000 to $312,000; and a typical 500 to 700 square foot limited production mall unit is approximately $230,000 to $250,000. The total investment will vary, depending on the size and condition of the premises, among other factors.
Give us a chance to let you know how you can work for yourself, by turning into a Country Style Franchisee!
Is it true that you are a diligent employee?
Is it true that you are an awesome pioneer?
Do you take pride in what you do?
Is it accurate to say that you are money related prepared to claim an establishment?
On the off chance that you replied "YES" to the majority of the above inquiries, what are you sitting tight for?