Growing Restaurant Chain joins the VetFran Veterans Franchise
Initiative; Offers Reduced Franchise Fee Incentives
DUBLIN, OH, Sept. 13, 2012 /CNW/ - Tim Hortons, one of the fastest
growing restaurant chains in North America, is proud to announce it is
now participating in the International Franchise Association's (IFA)
Veterans Franchise Initiative (VetFran), which provides financial
incentives to qualified veterans to help them acquire franchised
As part of its commitment to the VetFran program, Tim Hortons will waive
a qualified veteran's initial franchise fee for his or her first
restaurant, and reduce monthly royalty payments by 2.5 percent for the
first 12 months of operation. For veterans franchising under a Tim
Hortons Operator Agreement, Tim Hortons will waive the security deposit for the first restaurant
and reduce the monthly operator fee by 2.5 percent for the first 12
months of operation.
The bakery-cafe chain believes that military experience can provide the
discipline, commitment and a strong work ethic that are part of the
winning formula for operating a successful restaurant franchise.
"Tim Hortons has always believed in supporting our troops and veterans.
We also believe that a significant amount of military training, skills
and experiences are transferable into the business world. It's no
coincidence that many of the most successful restaurants operate with
'military precision,' including Tim Hortons. We think it's a win-win
situation," said Mike Meilleur, Executive Vice President, Tim Hortons
In fact, Tim Hortons currently operates six restaurants on five military
bases in the United States, including:
Naval Air Station Norfolk
Naval Air Station Oceana
Aberdeen Proving Grounds (two locations)
Dover Air Force Base
Life after the military fits with the current Tim Hortons franchise
culture. Many existing restaurant owners sought a franchise as a second
career. Some of the chain's newest franchisees are trading up from
careers in the police force, professional services or restaurant
operations, either as a result of the current economy or a personal
pursuit to be an entrepreneur and run their own business.
As of July 1, Tim Hortons had 734 U.S. restaurants. The chain plans to
continue to expand in markets where they currently have a presence,
primarily in the north and central U.S. For more information on Tim
Hortons U.S. franchising opportunities, visit www.timhortons.com/franchise.
To learn more about Tim Hortons Cafe & Bake Shop, visit www.timhortons.com or follow on Facebook (www.facebook.com/TimHortonsUS) and Twitter (www.twitter.com/TimHortonsUS).
About Tim Hortons Cafe & Bake Shop
Tim Hortons is one of the largest publicly-traded restaurant chains in
North America based on market capitalization. Operating in the quick
service segment of the restaurant industry, Tim Hortons Cafe & Bake
Shop appeals to a broad range of consumer tastes, with a menu that
includes premium coffee, espresso-based beverages, specialty teas,
home-style soups, fresh sandwiches, grilled paninis, wraps, hot
breakfast sandwiches and fresh baked goods, including our trademark
donuts. As of July 1, 2012, Tim Hortons had 734 restaurants in the
United States and 4,071 restaurants systemwide. For more information,
SOURCE: Tim Hortons Inc.
For further information:
Manager, Public Relations U.S.
Tim Hortons Cafe & Bake Shop