Tim Hortons Canada – Locations, History, Wiki, Owner & More
If there is anything in this world that can make a person hungry, it is fast food. Talking about fast food, there are several restaurant chains that specialize in various types of fast foods. You will find Jason’s Deli, White Castle, El Pollo Loco, and Boston Market, to name a few. These restaurant chains specialize in various types of fast foods. Another popular fast food restaurant chain that pops up in your mind is Tim Hortons. They specialize in donut and coffee items.
Headquartered in Toronto, Canada, Tim Hortons is the largest fast food restaurant chain in Canada. The chain was founded by Tim Horton and Jim Charade. The former was a Canadian hockey player and has played for Toronto Maple Leafs, New York Ranger, Buffalo Sabres, and Pittsburgh Penguins. The two ventured initially in hamburger restaurants after which they started the restaurant chain.
Little Bit Into The Past
Tim and Jim started their first store in the city of Hamilton, Ontario on the 17th of May, 1964. It was initially named as Tim Horton Donuts. This name was later shortened to Tim Horton’s, which saw further changes and finally became Tim Hortons. Soon after the first restaurant was started, Horton met Ron Joyce, who was a former Hamilton police constable. In the year 1965, the restaurant chain opened its second shop in Hamilton and Joyce took over the inexperienced shop. By the year 1967, Joyce managed to open 2 more branches of the restaurant chain after which Horton and Joyce became full time partners.
After Tim Horton’s death in the year 1974 in a car crash, Joyce became the sole owner of the restaurant chain, by which it had already opened 40 stores in different cities. Soon Joyce decided to expand the number of stores under the banner Tim Hortons rather aggressively along with the number of choices for a customer. This act of his brought about major changes in the Canadian doughnut and coffee restaurant market. Most of the independent coffee and doughnut shops had to shut down completely. At the same time, the per-capita ratio of doughnut shops in Canada surpassed that of different other countries.
Merged with Wendy’s
It was in the year 1992 that Daniel P. Murphy, the owner of all the Tim Hortons and Wendy’s Restaurants in Prince Edward Island, made a decision to open a brand new franchise outlet for the both the brands in the same building in the small town of Montague. He invited both Joyce and Dave Thomas, the chairman of Wendy’s, to the grand opening of the combined store. The two owners met each other for the first time at the grand opening after which they soon built a good rapport with each other.
Murphy proved that coffee and doughnuts can easily be combined with the fast foods of Wendy’s. This led to the official merger of the two fast food restaurant giants on the 8th of August, 1995. Soon Joyce became the largest shareholder in Wendy’s and he even surpassed Thomas in this matter. The merger of the TDL Group or the retail chain of Tim Hortons and Wendy’s International, Inc. was a successful one. Tim Hortons continued to work as a separate subsidiary from its headquarters in Ontario. Soon, Joyce retired from being an active member of the management team to pursue his own personal interests.
Independent Once Again
The number of Tim Hortons franchises spread like a wild forest fire. It eventually overtook MacDonald’s and soon became the largest fast food service provider of Canada. By the year 2005, Tim Hortons had almost twice as much outlets as that of MacDonald’s. Apart from the number of outlets, Tim Hortons also overtook McDonald’s in terms of system-wide sales by the year 2002. In the year 2005, Tim Hortons accounted for almost 22.6% of the entire fast food industry revenues of Canada.
Due to immense pressure by Nelson Peltz and Peter May, two of the biggest investors, Wendy’s decided to sell off 15% to 18% of its Tim Hortons shares in the public offering. This completed by the 24th of March, 2006 and by the end of the same year Wendy’s decided to sell of its remaining interest in Tim Hortons. With time, Tim Hortons was soon added to Canada’s benchmark stock-market indicator. Although the company maintained its operational headquarters in Oakville, Ontario, they soon incorporated in the city of Delaware.
Merger with Burger King
It was on the 24th of August, 2014 that Burger King, which was a US based fast food chain, announced its negotiations with Tim Hortons to merge. The next day, Burger King confirmed its intent of acquiring Tim Hortons Inc. official. The deal totaled around CDN$12.5 billion. At the same time, 3G Capital offered a price of $65.5 per share to purchase the company. 3G Capital, which had a 71% majority stake in Burger King, was to hold 51% majority stake in the newly merged company.
Although the deal was approved by the Competition Bureau of Canada, it was yet to be approved by Industry Canada. The deal was finally approved on the 4th of December, 2014 by James Moore, the Minister of Industry of the governing Conservative Party of Canada. The two companies had to agree to the terms of Moore that stated that both Tim Hortons and Burger King will retain separate operations and under no situation should they combine their locations. He also went on to state that both the companies will maintain significant employment levels at the Oakville headquarters and the board of directors for Tim Hortons should comprise of at least 30% Canadians.
When you talk about the original Tim Hortons, it was largely concentrated in Atlantic Canada and Ontario. However, in recent times, the fast food restaurant chain has expanded manifolds into Western Canada and Quebec. By the year 2010, the northernmost store of Tim Hortons was in Iqaluit, Nunavut. Apart from its domestic presence, Tim Hortons also has a big international presence. It has numerous outlets in the US and also has an outlet that is located on a military base outside the city of Kandahar, Afghanistan. However, this outlet in Kandahar was mainly meant for the Canadian Armed Forces, as well as, allied military personnel.
Talking about Tim Hortons outlets on military grounds, there are 2 more such outlets in the US. The first is located in the military bases of Fort Knox, Kentucky and the second is in Naval Station Norfolk, Virginia. By the year 2005, Tim Hortons recorded a total of $1.48 billion in their sales. By the following year, their products also became available in Scotland and Ireland at some certain Tesco supermarkets and SPAR convenience stores. Tim Hortons also opened a small outlet at the Dublin Zoo and soon it struck a deal with SPAR that resulted in Tim Hortons doughnuts and coffee being sold at self-service counters across 50 different SPAR stores by the 30th of April, 2007. The company also entered into a partnership with Top Markets in the US.
By the month of March, 2010, Tim Hortons decided to expand further in both Canada and the US which was supposed to be completed by the year 2013. It planned to open another 600 different outlets in Canada, especially in Western Canada and Quebec and 300 new outlets in the US, mainly in New York, Michigan, and Ohio. The expansion plans of the company also included non-standard stores across various places such as in universities, hospitals, and various airports. By the end of June 30th, 2013 Tim Hortons had 3802 outlets in Canada, 807 in the US, and 29 in the Middle East. Soon it opened its first Southeast Asian branch in Manila, Philippines by the 28th of February, 2017.
Tim Hortons signed up a franchise partnership with Apparel Group, which was a Dubai –based company. It entered the United Arab Emirates market in the year 2011 and opened its stores in the cities of Dubai, Abu Dhabi, and Fujairah. By the month of December 2013, Tim Hortons had opened 19 different stores in the UAE, 2 in Saudi Arabia, and 2 in Oman. The company’s plan is to open a total of 120 stores over the time span of 5 years in the Persian Gulf region. Their primary focus shall be Bahrain, Qatar, Kuwait, UAE, and Oman.
After the merger of Tim Hortons with Burger King, the former decided to expand its business in Asia. They started their expansion plan in the year 2017. Their primary objective behind this expansion was the increasing demand for coffee and the large scale population in the region. Their first Asian restaurant branch opened in Philippines on the 28th of February, 2017 at the Uptown Mall in Bonifacio Global City, Taguig. By the month of February 2018, 11 different Tim Hortons branches opened up in the country and they have plans for opening 23 more branches there. The company announced their plan of opening 1500 branches in China in the month of July 2018. They opened their first branch in the country on the 26th of February, 2019 in the Hangpu District, Shanghai.
In the year 2016, the company announced their plans of venturing into the European market. Tim Hortons opened their first branch in Glasgow on the 2nd of June, 2017. That same year they also opened their second branch in Bishopbriggs in the month of November. They also opened two more branches that same month in Cardiff and Dunfermline. The next month they opened their branches in other parts of Europe such as Sale and Altrincham in Trafford and in Golden Square Shopping Center in Warrington.
The next year Tim Hortons opened its new branches in Northern Ireland, one in Belfast city center and the other in East Belfast. By the month of December 2018 Tim Hortons had 21 different branches in various parts of the United Kingdom. They also ventured to Spain where they opened 2 branches, one in central Madrid and the other in the city of Pozuelo, which is located close to Madrid. Their menu includes the traditional Tim Hortons drinks along with typical Mediterranean drinks.
Partnerships of Tim Hortons
After successful tests in 2 different locations in Rhode Island, Tim Hortons decided to open close to 100 stores across the US in partnership with the parent company of Cold Stone Creamery, Kahala. The most notable amongst the several co-branded stores were the 3 branches that opened in New York City, including one at Times Square location.
Tim Hortons also has several branches that are located in multiple military bases including 7 in Canadian Forces Bases. The company has a branch in Kandahar, Afghanistan in the Canadian Forces base. It opened on the 1st of July, 2006 in a 40 feet trailer. However, this branch closed down on the 29th of November, 2011 after having served close to 4 million cups of coffee and almost 3 million doughnuts in its life span of 5 years.
Menu of Tim Hortons
The first few stores of Tim Hortons used to sell just doughnuts and coffee to its customers. However, their menu looks a lot different than how it looked almost a decade ago. Apart from their traditional doughnuts, tea, coffee, and hot chocolate, they also have a wide array of baked goods such as different types of bagels, which is rather popular in their Canadian branches. Tim Hortons also makes the nutritional information of most of their food items available for their customers online or on a 2-page brochure.
You will notice that most often than not, Tim Hortons’ menu features the same food items across its different branches. However, when it comes to the price, it may vary. The sole reason behind this is that the various branches are franchises so the pricing of the various food items may differ from each other depending mainly on the owner of the branch. Thus, the next time you wish to have a coffee at Tim Hortons, chances are that you will find a branch close to your location.