Tim Hortons ramps up expansion with plans for 80 new locations in Canada
Tim Hortons plans to expand its presence in Canada by opening 80 new locations and renovating 400 existing ones by the end of the year. This initiative represents a significant investment of $130 million from Restaurant Brands International and an additional $270 million from franchisees. The company aims to address underserved communities and capitalize on the growing coffee and breakfast market.
- ▪Tim Hortons will open 80 new locations and renovate 400 existing ones by the end of the year.
- ▪The total investment for this expansion is $130 million from Restaurant Brands and $270 million from franchisees.
- ▪The company is focusing on underserved communities, particularly in Western Canada and Quebec.
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Open this photo in gallery:A Tim Hortons in Toronto on Thursday. The chain’s parent company plans to build 80 new locations by the end of this year.Sammy Kogan/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor many Canadians, it may seem as though their communities are already filled to the brim with Tim Hortons locations. But the chain’s parent company, Restaurant Brands International Inc. QSR-T, believes there is room for more.The Toronto- and Miami-based company plans to build 80 new locations by the end of this year, and to renovate another 400 in that same period – representing a total investment of $130-million by Restaurant Brands and another $270-million by its franchisees.The plan accelerates the pace of restaurant openings for…
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