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Tim Hortons Inc. (TSX: THI, NYSE: THI) is a Canadian
fast casual restaurant known for its coffee and doughnuts. It is also
Canada's largest fast food service with over 3000 stores nationwide. It was
founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton and
Jim Charade, after an initial venture in hamburger restaurants. In 1967
Horton partnered with investor Ron Joyce, who assumed control over operations
after Tim Horton died in 1974, and expanded the chain into a multi-million
dollar franchise. Charade left the organization in 1966 and briefly returned in
1970 and 1993 through 1996.
Tim Hortons franchises spread rapidly and eventually
overtook McDonald's as Canada's largest food service operator. The company
opened twice as many Canadian outlets as McDonald's and system-wide sales
also surpassed those of McDonald's Canadian operations as of 2002. The chain
accounted for 22.6% of all fast food industry revenues in Canada in 2005. Tim Hortons commands 76% of the Canadian market for baked goods (based on the
number of customers served) and holds 62% of the Canadian coffee market
(compared to Starbucks, in the number two position, at 7%).As of 1 July 2012, Tim Hortons has 4,071
restaurants, including 3,355 in Canada, 745 in the United States, 20 in United
Arab of Emirates and 3 in Oman.
Tim Hortons' international presence includes outlets
in the United States (including one opened in Detroit and owned by former NBA
player Derrick Coleman) and one that was on a military base outside Kandahar,
Afghanistan. Two more outlets are located in military bases at Fort
Knox, Kentucky, and Naval Station Norfolk, Virginia. Tim Hortons' other
international expansions include a small outlet at the Dublin Zoo. Tim Hortons
also made a deal with the Spar convenience store chain in the UK and Ireland,
resulting in Tim Hortons coffee and doughnuts being sold at small self-service
counters in 50 Spar stores as of 30 April 2007.
Guelph, Ontario
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Guelph, Ontario
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Oakville, Ontario
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Calgary, Alberta
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Guelph, Ontario
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Oakville, Ontario
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Vancouver, British Columbia
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Calgary, Alberta
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Guelph, Ontario
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Guelph, Ontario
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Oakville, Ontario
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Oakville, Ontario
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Calgary, Alberta
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Calgary, Alberta
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Quebec, Quebec
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Columbus, Ohio
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Lachine, Quebec
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Lachine, Quebe
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Montréal, Quebec
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