Tim Hortons UK & Ireland (UK&I) has renewed its master franchise development agreement with brand owner Restaurant Brands International (RBI), extending the arrangement until 2045, according to a report in The Scotsman.
Holding exclusive master franchise rights for the brand in the region, Tim Hortons UK&I has also raised £26.7m ($35.3m) through an equity issue.
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The capital is earmarked to support operations and provide a platform for the next phase of expansion across both markets.
The move is expected to facilitate more Tim Hortons openings in Scotland and across the UK.
The coffeehouse and restaurant chain currently operates 69 outlets in the UK.
The new agreement comes after Tim Hortons UK&I reported a strong performance in 2025, with system-wide sales increasing to £105m ($139.2m), up from £99m ($131.2m) in 2024.
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By GlobalDataLike-for-like (LFL) revenue from the restaurants rose by 9% over the same timeframe.
The group also reported positive festive trading, with LFL sales over the Christmas period up 10% year-on-year.
Tim Hortons UK&I chief executive Deepinder Batth was quoted by The Scotsman as saying: “Deep work was completed in 2024 and 2025 to triangulate core brand positioning, gap in market and the brand’s right to win in a very competitive coffee shop segment in the UK.
“This agreement is an important milestone as we continue to scale the Tim Hortons brand in the UK market. Both shareholders have shown deep commitment to the opportunity and are fully aligned on the long-term potential of the brand in the market.
“This agreement demonstrates our shared vision and commitment between RBI and ourselves as we work closely together to build success in the UK and Ireland. Capitalising on the momentum achieved in 2025, this investment will enable us to put our ambitious growth plans into action.”
Earlier this year, Tim Hortons US expanded its spring menu with three new additions to its bakery range.
