Top Tim Hortons Competitors & Similar Companies
Tim Hortons is a café chain famous for its coffee and donuts. It was founded in 1964, by the hockey player Tim Horton and his friend Jim Charade in Hamilton Canada where initially it started as a hamburger joint but later was changed into a café. It was acquired by Burger King in the year 2014 for 11.4 billion dollars.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 5 competitors of Tim Hortons.
1. Dunkin Donuts:
Dunkin Donuts is an American company based in Canton. William Rosenberg in Quincy founded it in the year 1950. The company since then has expanded and grown into an excellent coffee and food chain.
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2. Starbucks:
Starbucks is a prime coffee shop chain located in different parts of the world. Starbucks has approx. 24500 with major outlets in USA, China, Canada, Japan, and South Korea.
3. Krispy Kreme:
Krispy Kreme is one of the biggest competitors of Tim Hortons.
4. McDonald's:
McDonald's was founded in 1940 by Richard and Maurice McDonalds and primarily sells hamburgers, chicken products, cheese burgers, breakfast items, soft drinks, milkshakes and desserts. The restaurant has also included salads, smoothies, fish wraps and fruits. The mode of operation is either franchise based, an affiliate or by the corporation itself.
5. KFC:
KFC is an American Fast food chain earlier called as Kentucky Fried Chicken. It was established in Colonel Harland Sanders with humble beginning in a roadside stall during great depression. KFC is one of the largest fast food chain in world along with McDonalds.
To conclude, the above article highlights the various competitors which compete with Tim Hortons. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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