Tim Hortons mentioned Friday that its Canadian restaurant homeowners are footing a $270-million invoice to construct or renovate eating places throughout the nation, on high of an extra $130-million funding from the corporate.
The long-lasting espresso chain mentioned the mixed $400 million will probably be used to construct or renovate 480 new and current eating places throughout the yr.
Out of its 1,500 restaurant homeowners who personal and function 4,000 areas throughout Canada, 280 are renovating 400 eating places and 60 are constructing 80 new eating places.
“Tim Hortons was inbuilt Canada by Canadians, and we’re proud to proceed investing in Canada to offer our company lovely, fashionable eating places to take pleasure in,” Axel Schwan, president of Tim Hortons, mentioned in a press launch. “These are Canadian households investing their very own cash in their very own communities – and that’s one thing we’re pleased with.”
The chain mentioned renovation and building materials will probably be sourced by means of Canadian-owned companies, with most objects manufactured on Canadian soil, as “each greenback of those investments stays near residence.” For instance, it mentioned customized restaurant furnishings is hand made in Montréal from 100 per cent Canadian-sourced maple.
It mentioned 26 new eating places will probably be inbuilt Ontario, 17 in Alberta, 14 in Quebec, 8 in British Columbia, three every in Manitoba, New Brunswick and Saskatchewan, two every in Newfoundland and Labrador and Nova Scotia, and one every within the Northwest Territories and Prince Edward Islands.
Among the many upgrades to renovated eating places are higher lighting, layouts and design, in addition to improved digital ordering and pick-up, and upgraded kitchen gear, it mentioned.
The funding announcement comes simply 10 days after Dunkin’ Donuts mentioned will probably be increasing into the Canadian market, with a whole bunch of shops set to open throughout the nation on the finish of the yr and into 2027.
The return of Dunkin’ is heating up the quick espresso and baked items market, lengthy dominated by Tim Hortons, in addition to McDonald’s.
Whereas Tim Hortons has its roots in Canada, it turned one thing of a twin citizen after merging with Burger King in 2014, and is now a subsidiary of Restaurant Manufacturers Worldwide Inc., a world holding firm with operations around the globe.
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