General Minimum Wage Increase strategies by Tim Horton's founders heirs igniting viral argument on social me

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Banchan

The Most Dangerous Dame
Oct 2, 2017
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It's not a company wide policy change. The media is grossly exaggerating the significance of the owners.
I understand that but when things like this happens it tends to reflect poorly on the company overall. For instance we had those racist incidence at one fast food location but people boycotted the whole chain. That tends to be how people maneuver these things. At the end of the day they blame the headquarters for allowing the greedy scruples of these franchisees instead of revoking the franchise.
 

RaginCajun

The Reigning Undisputed Monsters Tournament Champ
Oct 25, 2015
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Tim Horton’s drive thru girls LOVE to party.
Bro, I have a feeling the girls love to party wherever you go. When you stick that huge muscular arm out the Subaru window holding a handful of Canadian hundreds and say keep the change with that devilish smile, the honeys can't help themselves. :cheers:
 

Greenbean

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Nov 14, 2015
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A busy franchise is a million dollar venture. Even one doing average should be 500,000 and a poorly one 250, 000
What do you mean? The cost of the franchise? I googled Tim Hortons and here’s what it had to say...

“The cost of a Tim Hortons franchise varies depending on the restaurant size and location, along with other factors. You must have $1.5million in net worth and $500,000 liquid assets in order to qualify. Financial requirements may be lower or higher depending on the transaction type.”
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,643
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I understand that but when things like this happens it tends to reflect poorly on the company overall. For instance we had those racist incidence at one fast food location but people boycotted the whole chain. That tends to be how people maneuver these things. At the end of the day they blame the headquarters for allowing the greedy scruples of these franchisees instead of revoking the franchise.
What exactly has the franchise done that's wrong?
 

Greenbean

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Nov 14, 2015
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I understand that but when things like this happens it tends to reflect poorly on the company overall. For instance we had those racist incidence at one fast food location but people boycotted the whole chain. That tends to be how people maneuver these things. At the end of the day they blame the headquarters for allowing the greedy scruples of these franchisees instead of revoking the franchise.
Yeah, that’s true, but most people’s memories are short and getting shorter with social media. The boycotts usually lasts until they get hungry again. Watch for the next big company to make headlines about taking a political position and look at their stock price. It will dip for at most a week depending on how severe the headlines are, but after that they rebound and all is back to normal. Of course this is an extremely simplistic way of viewing it and there’s a lot more to it than that, but on a macro level, it’s a gauge on a companies value and how healthy it is.
 

Banchan

The Most Dangerous Dame
Oct 2, 2017
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What exactly has the franchise done that's wrong?
Nothing imo. However I tend to be conservative thinking. I also dislike their coffee so I don't feel sympathetic either.:) I do think it looks very distasteful because

The fire here is coming from the idea that a regular franchisee is wealthy. They are easily millionaires. These particular franchisee are heirs to a billionaire fortune (their dad's sold the chain for 11 billion) so some people are seeing as the uber wealthy dipping into the pockets of their poor employees. Ultimately they want the headquarters to put pressure on the owners to stop this and the store owners are doing this to pressure the headquarters to let them raise their prices.
 

Banchan

The Most Dangerous Dame
Oct 2, 2017
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What do you mean? The cost of the franchise? I googled Tim Hortons and here’s what it had to say...

“The cost of a Tim Hortons franchise varies depending on the restaurant size and location, along with other factors. You must have $1.5million in net worth and $500,000 liquid assets in order to qualify. Financial requirements may be lower or higher depending on the transaction type.”
That is to finance a typical franchise (a store).
The yearly profits very greatly by location (depending how busy it is) however but even lesser busy stores will still make you a millionaire shortly.
 

Greenbean

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That is to finance a typical franchise (a store).
The yearly profits very greatly by location (depending how busy it is) however but even lesser busy stores will still make you a millionaire shortly.
I think you are wildly inaccurate with this statement.
 

Greenbean

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Banchan @Banchan , do you mean Tim Hortons franchises specifically, or all franchises in general? I may be misunderstanding what you’re saying.
 

Banchan

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Banchan @Banchan , do you mean Tim Hortons franchises specifically, or all franchises in general? I may be misunderstanding what you’re saying.
Tim Horton's but I assume any big name franchise would receive the same backlash if they did this.
 

Yossarian

TMMAC Addict
Oct 25, 2015
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Is what the owners are doing illegal? Its called cause and effect. The lawmakers were told what would happen and chose to only see one side. Good thing is there will be more people sucking off the government teat and voting liberal now.
And now the owners are the bad guy, not the government. Boom badabing.
 

Greenbean

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Tim Horton's but I assume any big name franchise would receive the same backlash if they did this.
My source on page one shows that only the top 7% of franchisees make 250k annually and the median net profits are ~$90k. I don’t know how busy Tim Hortons is near you or what it’s like up in Canada, but it’s not all that around my parts. Would definitely not rank them in the top 10% performing franchises in my area. Going just by the traffic I see in their Parkin got lot.
 

jason73

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Jan 15, 2015
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My source on page one shows that only the top 7% of franchisees make 250k annually and the median net profits are ~$90k. I don’t know how busy Tim Hortons is near you or what it’s like up in Canada, but it’s not all that around my parts. Would definitely not rank them in the top 10% performing franchises in my area. Going just by the traffic I see in their Parkin got lot.
Tim hortons is Canadian mcdonalds.there is one on every corner and the line up for the drive thru goes out the patking lot and around the corner before work and at lunch time.easily the busiest drive thru place in canada
 

jason73

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This one group of owners is problematic.they have been fighting with the corporation of tim hortons for years.they are a hold over from when their father owned the company.the othe 5 million tim hortons stores are not taking away breaks from their employees.just the ones owned by the former owners family
 

Greenbean

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Tim hortons is Canadian mcdonalds.there is one on every corner and the line up for the drive thru goes out the patking lot and around the corner before work and at lunch time.easily the busiest drive thru place in canada
Interesting. I used to pass a Tim Hortons on my way to work 6 days a week and it isnt at all like what you describe here. Here, the major juggernaut is chic fil a and no one comes close. There is a McDonald’s directly across the street from the tim Hortons here and it is as you describe Tim Hortons there. I believe what you say. The average Tim Horton franchisee may very well be pulling in a quarter million if that is the case, but in no way is that the norm for a majority of franchises.
 

jason73

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I drive by 9 tim hortons on my way to work .all of them are busy as hell.
 

Banchan

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My source on page one shows that only the top 7% of franchisees make 250k annually and the median net profits are ~$90k. I don’t know how busy Tim Hortons is near you or what it’s like up in Canada, but it’s not all that around my parts. Would definitely not rank them in the top 10% performing franchises in my area. Going just by the traffic I see in their Parkin got lot.
No


In 2008, the average Tim Hortons franchisee profited $265k after all expenses. We don’t know the actual average revenue numbers for 2008 to earn the $265k, but they disclose that between 2002 and 2008, the average franchise earned (before interest and taxes) $1.5M which fits franchisee profit range of 16%-20%.


This was back in 2008. The figure should be higher now than 10 years ago as they sell more, gain market and raise prices due to inflation.
 

Greenbean

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I drive by 9 tim hortons on my way to work .all of them are busy as hell.
Then I would say that my estimate for an average of 4 employees is on the extremely conservative side for busy locations such as the ones you describe. I would imagine if it is as busy as a McDonald’s or Chick-fil-A here is, then that number would likely double as well as cost of goods sold and all overhead. The law of diminishing returns applies, the busier you get.

If you were to take a business doing a million a year gross and then suddenly double gross sales to 2 million, you won’t be walking away with an extra million in your pocket at the end of the year. You’d spend more in inventory, probably need bigger coolers/freezers to store said inventory, require more electricity, more gas, more waste, hire more employees which is a massive cost In itself and also opens you up to more possibility of employee theft etc.. you’d be taxed higher, and probably a bunch of other things I’m overlooking at the moment, which is why it’s so rare to see franchisees breaking the $250k mark. You gotta be doing insane volume to hit that number and why only 7% of franchisees do.
 

Banchan

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Interesting. I used to pass a Tim Hortons on my way to work 6 days a week and it isnt at all like what you describe here. Here, the major juggernaut is chic fil a and no one comes close. There is a McDonald’s directly across the street from the tim Hortons here and it is as you describe Tim Hortons there. I believe what you say. The average Tim Horton franchisee may very well be pulling in a quarter million if that is the case, but in no way is that the norm for a majority of franchises.
Tim Horton's does extremely well in Canada. Lineups clogging roadways and out the doors.

Canadians have some mediocre taste in coffee and pastries because neither is good. McDonald's is much better. I will only go to Tim's in time and location crunches and only if i'm desperate for coffee.
 

Greenbean

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No


In 2008, the average Tim Hortons franchisee profited $265k after all expenses. We don’t know the actual average revenue numbers for 2008 to earn the $265k, but they disclose that between 2002 and 2008, the average franchise earned (before interest and taxes) $1.5M which fits franchisee profit range of 16%-20%.


This was back in 2008. The figure should be higher now than 10 years ago as they sell more, gain market and raise prices due to inflation.
Wow, I would not have guessed that. I used to go to the one I was talking about on my way to work, and really liked their breakfast sandwiches, but then I started to get sick every time I ate there so I stopped going. This was probably 3 years ago and at most there would be a car or two in the drive thru in front of me. Nothing earth shattering at all and that would work well for me if I was in a hurry because I knew I could get in and out quickly.

As a side note, a lady who was a manager at that location ended up being a regular customer of ours. She hated working there and said that to save money, the owner had them stop using soap (diluted bleach or sanitizer solution) on the clean up towels and just used water. She said the place was fucking disgusting in the kitchen. Needless to say I don’t go there anymore.
 

Banchan

The Most Dangerous Dame
Oct 2, 2017
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Wow, I would not have guessed that. I used to go to the one I was talking about on my way to work, and really liked their breakfast sandwiches, but then I started to get sick every time I ate there so I stopped going. This was probably 3 years ago and at most there would be a car or two in the drive thru in front of me. Nothing earth shattering at all and that would work well for me if I was in a hurry because I knew I could get in and out quickly.

As a side note, a lady who was a manager at that location ended up being a regular customer of ours. She hated working there and said that to save money, the owner had them stop using soap (diluted bleach or sanitizer solution) on the clean up towels and just used water. She said the place was fucking disgusting in the kitchen. Needless to say I don’t go there anymore.
Tim H. Did not do well in US so if the locations you refer are American, they may not earn this much but in Canada people see Tim Horton's as a proud Canadian business more than an evil corporation (they used to anyway but this fiasco may change that for many) and so many people go out of their way to patronize this business as It's seen as part of the Canadian identity - going to Tim's for coffee is a Canadian thing to do etc. so That's why this story trending huge here because this is not the way people see Tim's (a huge evil corporation) but now it's becoming apparent they are no different than a McDonald's.
 

RaginCajun

The Reigning Undisputed Monsters Tournament Champ
Oct 25, 2015
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Tim H. Did not do well in US so if the locations you refer are American, they may not earn this much but in Canada people see Tim Horton's as a proud Canadian business more than an evil corporation (they used to anyway but this fiasco may change that for many) and so many people go out of their way to patronize this business as It's seen as part of the Canadian identity - going to Tim's for coffee is a Canadian thing to do.
So where are you from again?
 

Greenbean

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Nov 14, 2015
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Tim H. Did not do well in US so if the locations you refer are American, they may not earn this much but in Canada people see Tim Horton's as a proud Canadian business more than an evil corporation (they used to anyway but this fiasco may change that for many) and so many people go out of their way to patronize this business as It's seen as part of the Canadian identity - going to Tim's for coffee is a Canadian thing to do.
Wow, I did not know all of that. Yes, I’m in the US of A. And it’s mind blowing that they’re as busy as y’all say they are up there. At any given time of day you could literally watch traffic at both McDonald’s and Tim Hortons and it is not even close.