The renowned Canadian coffee chain, Tim Hortons, has initiated its expansion into Greater Philadelphia, debuting a new location in South Jersey and securing a multi-unit development deal for Delaware as part of its quest for additional franchisees to drive regional growth.
Their fifth New Jersey outlet, situated off Route 130 in Cinnaminson, opened on Nov. 30. This store is managed by one of the brand’s leading franchisees in New Jersey, who also owns Tim Hortons’ other South Jersey establishment at 57 N. White Horse Pike in Stratford, as revealed by Ryan Ferranti, head of business development for Tim Hortons’ U.S. operations.
Additionally, Tim Hortons has recently finalized a multi-unit development agreement with a franchisee to launch its inaugural stores in Kent and New Castle counties in Delaware. While specifics regarding the exact number of locations remain undisclosed, Ferranti mentioned that the agreement encompasses multiple stores slated for rollout within the next five years. The earliest of these new locations could potentially open by late 2024.
For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.
Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.