In addition to the initial investment required to open a Tim Hortons Restaurant in the US, what ongoing payments am I required to make during the term of the Franchise Agreement?
In addition to other expenditures, you are required to make the following payments on an ongoing basis during the term of the franchise agreement: • a weekly royalty of 4 1/2% of your restaurant’s gross sales; • typically the rent during the initial term (usually 10 years) is 8 1/2% of monthly gross sales. Rent for the renewal term(s) will typically be computed on a percentage rent basis, subject to a minimum base rent; • a monthly advertising fee of 4% of gross sales from your restaurant. * Please read more about our Franchise Incentive Program under “Franchising Program” (especially relating to a lower unencumbered capital requirement of $55,000 to $82,900), available in select markets.
Related Questions
- In addition to the initial investment required to open a Tim Hortons Restaurant in the US, what ongoing payments am I required to make during the term of the Franchise Agreement?
- In addition to the initial investment of a Joeys Only / Tennessee Jacks franchise, what on-going payments am I required to make during the term of the License?
- Can periodic contributions be made in addition to an initial investment?
