Franchises · 2026 FDD · Wisconsin DFI filing 640330
Tim Hortons franchise cost, unit revenue and closures
Opening a Tim Hortons cost $988,000 to $3,312,500 in the 2026 FDD; the median unit sold $1,237,464 in the franchisor's calendar 2025 (monthly averages) figures; 6.9% of franchised units closed over three years.
Franchisor: Tim Hortons USA Inc.. FDD issued 2026-03-13. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
Standard Shop, New Model; Standard Shop Other $427,500 to $1,573,500; Non-Standard Shop $913,000 to $3,013,500; a fourth table $148,000 to $802,700.
What a unit pays the franchisor
| Initial franchise fee | $50,000 | Item 5, p. 27 |
|---|---|---|
| Royalty | 4.5% to 6% of Gross Sales, weekly | Item 6, p. 29 |
| Advertising fund | Advertising Contribution 4% of Gross Sales, monthly | Item 6, p. 29 |
Standard Shop; $25,000 Non-Standard Shop; Operators pay none.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
| Measure | average monthly Gross Sales of the 2025 Shops; the franchisor reports monthly figures, so annual is monthly × 12 as site arithmetic | |
|---|---|---|
| Sample | 585 units: franchised Standard Shops open at 2025-12-31 that reported at least 10 months of 2025 sales (10 operator-agreement shops, 52 with under 10 months and 12 with inconsistent data excluded); 17 New Model shops included. High and low are the monthly extremes × 12 | |
| Period | calendar 2025 (monthly averages) | |
| High / low | $5,259,840 / $126,312 | |
annualized from monthly (× 12) by the site, not printed by the franchisor.
Revenue to investment
Formula: annualized Item 19 median monthly Gross Sales (× 12) / Item 7 Standard Shop New Model total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 636 | 642 | 640 |
| Opened | 26 | 33 | 42 |
| Terminated | 0 | 0 | 0 |
| Not renewed | 11 | 7 | 10 |
| Reacquired by franchisor | 0 | 23 | 1 |
| Ceased, other reasons | 9 | 5 | 2 |
| End of year | 642 | 640 | 669 |
| Company-owned, end of year | 0 | 23 | 24 |
Item 20, Table 1 p. 85; Table 3 totals p. 87.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
all three rows sum; year-end figures carry footnotes.
Source and method
Every figure above comes from the Tim Hortons Franchise Disclosure Document issued 2026-03-13, as filed with the Wisconsin Department of Financial Institutions (filing 640330, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.