News

Tim Hortons planning 150 units throughout Cincinnati area

Restaurant Brands International Inc and Seven Invest announced the establishment of an area representative and developer agreement to bring the Tim Hortons brand to the Cincinnati area.

October 9, 2015

Restaurant Brands International Inc and Seven Invest have made an area representative and developer agreement to bring the Tim Hortons brand to the Cincinnati area. Under the terms of the agreement, Seven Invest will be the exclusive Tim Hortons area representative in Cincinnati, responsible for managing the market and sourcing third-party franchisees to develop more than 150 Tim Hortons restaurants over the next 10 years, according to a company press release.

"We are very excited to announce our aggressive expansion efforts in Cincinnati, a market close to our core Tim Hortons markets and where we think the brand and product offerings will strongly resonate with guests," said Elías Díaz Sesé, president of Tim Hortons. "Cincinnati boasts a fast-growing economy and is home to many large corporate headquarters and universities."

"Furthermore, in Seven Invest we have a strong operator with meaningful franchise experience that is fully committed to propelling Tim Hortons development in the U.S.," continued Díaz Sesé. "Seven Invest will work with local entrepreneurs and prospective franchisees to grow the Tim Hortons presence in the Cincinnati area. This marks the first accelerated expansion agreement for Tim Hortons since the creation of RBI in December 2014, and reflects the model that we expect to use going forward as we rapidly expand the presence of the brand in the largest QSR market in the world."

Tim Hortons opened its first restaurant in the U.S. in 1984 and its first restaurant in Ohio in 1996, the release stated. Today, the brand maintains restaurants across Canada, the U.S. and the Gulf Cooperation Council, with U.S. restaurants primarily located in Michigan, Ohio and New York.

"We are confident that this agreement will accelerate our expansion of Tim Hortons in the U.S., further bolstering the system-wide growth and solid results for both of RBI's iconic brands, Tim Hortons and Burger King," said Daniel Schwartz, CEO of RBI.

Restaurant Brands International, owner of Tim Hortons and Burger King, operates more than 19,000 restaurants in approximately 100 countries and U.S. territories.

Tim Hortons has more than 4,700 restaurants in Canada, the U.S. and the Gulf Cooperation Council.