How much does a Tim Ho Wan franchise cost?
Opening a Tim Ho Wan franchise takes a total initial investment of $3,195,009 to $3,825,209, according to the brand's 2025 Franchise Disclosure Document. That FDD makes no Item 19 financial performance representation, so it discloses no earnings figures at all.
Tim Ho Wan franchises Restaurants. Category: Food & Beverage.
Item 7
What it costs to open a Tim Ho Wan franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $3,195,009 to $3,825,209. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Leasehold Improvements; Furniture, Fixtures, and Equipment; Signage ($1,600,000 to $1,920,000), Staff – Pre-Opening and Three Months ($663,000 to $796,000), and Additional Funds - 3 months ($300,000 to $360,000). Together they make up about 80% of the high-end estimate.
The initial franchise fee is $86,009, about 2.7% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial Franchise Fee2025 FDD, Item 7, p. 8 | $86,009 | $86,009 | 2025 FDD, Item 7, p. 8 |
| Security Deposit2025 FDD, Item 7, p. 8 | $63,000 | $75,600 | 2025 FDD, Item 7, p. 8 |
| Leasehold Improvements; Furniture, Fixtures, and Equipment; Signage2025 FDD, Item 7, p. 8 | $1,600,000 | $1,920,000 | 2025 FDD, Item 7, p. 8 |
| Rent – Three Months2025 FDD, Item 7, p. 8 | $95,000 | $114,000 | 2025 FDD, Item 7, p. 8 |
| Staff – Pre-Opening and Three Months2025 FDD, Item 7, p. 8 | $663,000 | $796,000 | 2025 FDD, Item 7, p. 8 |
| Opening Inventory and Supplies2025 FDD, Item 7, p. 8 | $285,000 | $342,000 | 2025 FDD, Item 7, p. 8 |
| Grand Opening Advertising2025 FDD, Item 7, p. 8 | $15,000 | $18,000 | 2025 FDD, Item 7, p. 8 |
| Insurance2025 FDD, Item 7, p. 8 | $40,000 | $48,000 | 2025 FDD, Item 7, p. 8 |
| Licenses and Permits2025 FDD, Item 7, p. 8 | $10,000 | $20,000 | 2025 FDD, Item 7, p. 8 |
| Computer System2025 FDD, Item 7, p. 8 | $38,000 | $45,600 | 2025 FDD, Item 7, p. 8 |
| Additional Funds - 3 months2025 FDD, Item 7, p. 8 | $300,000 | $360,000 | 2025 FDD, Item 7, p. 8 |
| Total estimated initial investment2025 FDD, Item 7, p. 8 | $3,195,009 | $3,825,209 | 2025 FDD, Item 7, p. 8 |
Source Tim Ho Wan, 2025 FDD, Item 7, p. 8, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 19
What Tim Ho Wan franchisees actually report earning
This brand's FDD publishes no Item 19.
We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet.
Source Tim Ho Wan, 2025 FDD, Item 19, p. 25, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 20
How many Tim Ho Wan outlets there are, and how many closed
Tim Ho Wan ended 2024 with 6 franchised outlets and no company-owned outlets. No franchised outlets opened or left the system that year.
Three years at a glance
From 2022 through 2024, Tim Ho Wan opened 0 franchised outlets and no outlets left the system. The franchised system ended the period the same size it started.
With fewer than 10 outlets, one closure moves the numbers a lot, so we do not calculate a yearly rate.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | 2025 FDD, Item 20, p. 26 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | 2025 FDD, Item 20, p. 26 |
| 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | 2025 FDD, Item 20, p. 26 |
Source Tim Ho Wan, 2025 FDD, Item 20, p. 26, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Compare
How Tim Ho Wan compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Tim Ho Wan's estimated range is $3,510,109. It costs more to open than 96% of Food & Beverage franchises here.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Tim Ho Wan is not one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Tim Ho Wan files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Tim Ho Wan's updated numbers when the next document is published, plus the brand-comparison worksheet.
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