Franchise opportunities compared
Matari 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.
Initial investment · Item 7
Matari
$20,000 – $468,500
2025 FDD · Item 7TIM HORTONS
$60,150 – $3,312,500
2026 FDD · Item 7Initial franchise fee · Item 5
Matari
Not available
TIM HORTONS
$50,000
2026 FDD · Item 5 · PDF p. 27Royalty · Item 6
Matari
5%
2025 FDD · Item 6 · PDF p. 16TIM HORTONS
4.5%
2026 FDD · Item 6 · PDF p. 29Before you compare
- Matari figures come from its 2025 FDD and TIM HORTONS figures from its 2026 FDD, so the years differ.
- Matari 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 (Matari: 1, TIM HORTONS: 4). Different groups are not directly comparable.
Financial commitment
TIM HORTONSMatari
TIM HORTONS
Matari
TIM HORTONS
Matari
TIM HORTONS
Matari
TIM HORTONS
System scale & health
TIM HORTONSMatari
TIM HORTONS
Matari
TIM HORTONS
Matari
TIM HORTONS
Matari
TIM HORTONS
Matari
TIM HORTONS
Financial performance (Item 19), by location group
TIM HORTONSItem 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.
Matari vs TIM HORTONS: common questions
- Which costs less to open, Matari or TIM HORTONS?
- Matari: $20,000 – $468,500 (2025 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 Matari. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- How do Matari and TIM HORTONS royalties compare?
- Matari: 5% (2025 FDD · Item 6 · PDF p. 16); TIM HORTONS: 4.5% (2026 FDD · Item 6 · PDF p. 29). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Which has more locations, Matari or TIM HORTONS?
- Matari: 2 (2025 FDD · Item 20 · PDF p. 53); TIM HORTONS: 693 (2025 FDD · Item 20 · PDF p. 83). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Matari and TIM HORTONS disclose financial performance (Item 19)?
- Matari has reviewed Item 19 figures for 1 location group; 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.
Keep researching
Full Matari 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




