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Thursday, March 23, 2006

Own a Piece of Tim Hortons

Today, Tim Hortons goes public.

As you may recall, about 10 years ago, Tim Hortons merged with Wendy's. Here we are now, 10 years later, and Tim Hortons has gotten so big that it competes with Wendy's. Rather than continue competing with themselves, Wendy's is selling off Tim Hortons. And, today, Tim Hortons goes on the market.

I heard that on the radio this morning, and then they shared a couple of interesting stats about Tim Hortons:

- In 1995, the average profit at the average Tim Hortons was $800,000. Today, it's $1.7 million.

- There are 2600 Tim Hortons in Canada, and 300 in the USA.

- As you can imagine, most of Tim Hortons expansion is in the States. They're having the most difficult time breaking into New York and the New England area.

- In Canada, there's 1 Tim Hortons for every 10,000 people. There's 1 McDonald's for every 22,000 people. That's right, there's twice as many Tim Hortons as there are McDonald's!

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