Growing Restaurant Chain joins the VetFran Veterans Franchise Initiative; Offers Reduced Franchise Fee Incentives
DUBLIN, OH, Sept. 13, 2012 /PRNewswire/ - Tim Hortons, one of the fastest growing restaurant chains in North America, is proud to announce it is now participating in the International Franchise Association's (IFA) Veterans Franchise Initiative (VetFran), which provides financial incentives to qualified veterans to help them acquire franchised businesses.
As part of its commitment to the VetFran program, Tim Hortons will waive a qualified veteran's initial franchise fee for his or her first restaurant, and reduce monthly royalty payments by 2.5 percent for the first 12 months of operation. For veterans franchising under a Tim Hortons Operator Agreement, Tim Hortons will waive the security deposit for the first restaurant and reduce the monthly operator fee by 2.5 percent for the first 12 months of operation.
The bakery-cafe chain believes that military experience can provide the discipline, commitment and a strong work ethic that are part of the winning formula for operating a successful restaurant franchise." Tim Hortons has always believed in supporting our troops and veterans. We also believe that a significant amount of military training, skills and experiences are transferable into the business world. It's no coincidence that many of the most successful restaurants operate with 'military precision,' including Tim Hortons. We think it's a win-win situation," said Mike Meilleur, Executive Vice President, Tim Hortons U.S. In fact, Tim Hortons currently operates six restaurants on five military bases in the United States, including:
- Naval Air Station Norfolk
- Naval Air Station Oceana
- Fort Knox
- Aberdeen Proving Grounds (two locations)
- Dover Air Force Base
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV