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Built with precision for the QSR industry

The Database/COFFEE

Tim Hortons

Restaurant Brands International · QSR · EST. 1964 · Toronto, Ontario

+ CompareFDD notes
US UNITS648+2.0% YOY
GLOBAL UNITS5,600
AUV (US)$1.9M
INVESTMENT RANGE$163K–$522K
FRANCHISED %90%

01The Read

Canadian coffee and donut chain with growing US presence

FIG 1 — US UNIT COUNT, 2019–2025
618
2019
609
2020
613
2021
615
2022
631
2023
635
2024
648
2025

SOURCE: QSR PRO ESTIMATES

02Our Coverage

6 STORIES
Popeyes Appoints Chris Padoan as COO, Expands Field Team 75% in Turnaround PushMAR 24, 2026RBI Insiders Dump $32 Million in Stock as QSR Hits 12-Month HighMAR 24, 2026Wonder's $7 Billion Bet: How Marc Lore's Food Hall Model Is Rewriting the Multi-Brand PlaybookMAR 24, 2026The Restaurant CEO Pay Gap: What Top Chain Executives Earn vs. the Workers Serving the FoodMAR 24, 2026Smithfield Foods Acquires Nathan's Famous for $450 Million: What Vertical Integration Means for QSR Supply ChainsMAR 24, 2026Applebee's and IHOP Under One Roof: Inside Dine Brands' 900-Location Dual-Brand GambleMAR 24, 2026
FDD Fact Sheet · 2025
FRANCHISE FEE
$25K
ROYALTY
4.5%
AD FUND
—
TERM
10 YRS
LIQUIDITY
$50K
NET WORTH
$250K

Segment Peers

StarbucksDunkin'Panera BreadAuntie Anne'sThe Coffee Bean & Tea Leaf
QSR Pro Advisory

Evaluating a Tim Hortons franchise?

Our advisory desk models unit economics, territory, and FDD terms before you sign anything.

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