Item 7 in this filing is presented by format, so the 2025 and 2026 ranges are not directly comparable. 2026: $988,000–$3,312,500. 2025: $978,000–$1,772,500.
Source: MN CARDS & WI DFI state filings · Updated April 2026 · Clearly FDD
Item 7 — Estimated Initial Investment
2025 FDD
2026 FDD
Change
Low end of range
$978,000
$988,000
High end of range
$1,772,500
$3,312,500
Full range
$978,000–$1,772,500
$988,000–$3,312,500
Item 7 in this filing is presented by format, so the 2025 and 2026 ranges are not directly comparable. 2026: $988,000–$3,312,500. 2025: $978,000–$1,772,500.
Item 20 — System Size (Outlet Count)
2025 FDD
2026 FDD
Change
Total outlets (Item 20)
693
693
unchanged
Tim Hortons reports 693 US restaurants in both the 2025 and 2026 filings — system size is unchanged year-over-year.
Item 19 — Financial Performance Representations
Tim Hortons included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
2025 FDD
2026 FDD
Change
Royalty rate
6%
6%
unchanged
The ongoing royalty rate remains 6% of Gross Sales between filings; the initial franchise fee structure moves from a $25,000–$50,000 range in 2025 to a flat $50,000 in 2026.
Frequently asked questions
Did the cost to open a Tim Hortons franchise change in the 2026 FDD?
The 2026 FDD for Tim Hortons states an Item 7 estimated initial investment of $988,000–$3,312,500, against $978,000–$1,772,500 in the 2025 filing. The filings present Item 7 by format, so no single percentage change is shown.
How many locations does Tim Hortons have?
The 2026 FDD for Tim Hortons reports 693 outlets in Item 20, against 693 in the 2025 filing — unchanged year-over-year.
Did Tim Hortons change its royalty rate?
No. Both the 2025 and 2026 filings for Tim Hortons state a standard royalty of 6%.
Does Tim Hortons disclose financial performance in its FDD?
Tim Hortons included an Item 19 financial performance representation in both the 2025 and 2026 filings.