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    Franchise opportunities compared

    Dunkin' vs TIM HORTONS

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Dunkin'2026 FDDTIM HORTONS2026 FDD

    Initial investment · Item 7

    Dunkin'

    $142,000 – $1,832,500

    2026 FDD · Item 7

    TIM HORTONS

    $60,150 – $3,312,500

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Dunkin'

    $40,000

    2026 FDD · Item 5 · PDF p. 35

    TIM HORTONS

    $50,000

    2026 FDD · Item 5 · PDF p. 27

    Royalty · Item 6

    Dunkin'

    5.9%

    2026 FDD · Item 6 · PDF p. 44

    TIM HORTONS

    4.5%

    2026 FDD · Item 6 · PDF p. 29

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Dunkin' and TIM HORTONS disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Dunkin': 13, TIM HORTONS: 4). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Dunkin'

    $142,000 – $1,832,500
    2026 FDD · Item 7

    TIM HORTONS

    $60,150 – $3,312,500
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Dunkin'

    $40,000
    2026 FDD · Item 5 · PDF p. 35

    TIM HORTONS

    $50,000
    2026 FDD · Item 5 · PDF p. 27
    Royalty (Item 6)

    Dunkin'

    5.9%
    Continuing Franchise Fee rate
    2026 FDD · Item 6 · PDF p. 44

    TIM HORTONS

    4.5%
    Franchise royalty range low: Royalty 4.5% to 6% of Gross Sales
    2026 FDD · Item 6 · PDF p. 29
    Brand / advertising fund (Item 6)

    Dunkin'

    2.5%
    Continuing Advertising Fee SDO — 2.5%
    2026 FDD · Item 6 · PDF p. 44

    TIM HORTONS

    4%
    Advertising contribution: 4% of Gross Sales — 4%
    2026 FDD · Item 6 · PDF p. 29

    System scale & health

    Total outlets (Item 20)

    Dunkin'

    Not available
    No reviewed outlet counts

    TIM HORTONS

    693
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 85
    Net outlet change (Item 20)

    Dunkin'

    Not available
    Only one year reported

    TIM HORTONS

    +51
    Calculated: 642 at end of 2023 → 693 at end of 2025
    Outlet exits (Item 20)

    Dunkin'

    Not available
    No complete exit records for a year

    TIM HORTONS

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Dunkin'

    Not available
    Not in reviewed records

    TIM HORTONS

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Dunkin'

    Not available
    Not in reviewed records

    TIM HORTONS

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Dunkin'
    Locations counted not stated in the reviewed record — 2025 Franchised Restaurants; 1st Quartile
    $6,007,706
    other 2025 1st Quartile
    2026 FDD · Item 19 · PDF p. 97
    Locations counted not stated in the reviewed record — 2025 Franchised Restaurants; 2nd Quartile
    50 percent
    other 2025 2nd Quartile
    2026 FDD · Item 19 · PDF p. 97
    Locations counted not stated in the reviewed record — 2025 Franchised Restaurants; 4th Quartile
    $718,088
    other 2025 4th Quartile
    2026 FDD · Item 19 · PDF p. 97
    +10 more groups in the full report
    TIM HORTONS
    Locations counted not stated in the reviewed record — Franchised Standard Shops open as of December 31, 2025 that reported at least 1…
    271 shops
    other Shops meeting/exceeding average: 271
    2026 FDD · Item 19 · PDF p. 82
    Locations counted not stated in the reviewed record — 2025 Shops reporting comparable sales for the same months of 2024 and 2025 and…
    2 percent
    other Same-shop Gross Sales growth: 2.0%
    2026 FDD · Item 19 · PDF p. 83
    Locations counted not stated in the reviewed record — Standard Shops included in the 2025 Shops that supplied cost-of-goods and labor…
    277 shops
    other Shops at or above average labor percentage: 277
    2026 FDD · Item 19 · PDF p. 82
    +1 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Dunkin' vs TIM HORTONS: common questions

    Which costs less to open, Dunkin' or TIM HORTONS?
    Dunkin': $142,000 – $1,832,500 (2026 FDD · Item 7); TIM HORTONS: $60,150 – $3,312,500 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for TIM HORTONS. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Dunkin' and TIM HORTONS royalties compare?
    Dunkin': 5.9% (2026 FDD · Item 6 · PDF p. 44); TIM HORTONS: 4.5% (2026 FDD · Item 6 · PDF p. 29). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Do Dunkin' and TIM HORTONS disclose financial performance (Item 19)?
    Dunkin' has reviewed Item 19 figures for 13 location groups; TIM HORTONS has reviewed Item 19 figures for 4 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full Dunkin' report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full TIM HORTONS report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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