Tim Ho Wan franchise
2025 filing · July 2, 2025
Tim Ho Wan at a glance
A Hong Kong dim sum restaurant known for baked barbecue pork buns. At the end of 2024 there were 6 Tim Ho Wan locations in the US, all franchised.
The business
- Franchisor
- Tim Ho Wan International Pte. Ltd
- The company that sells the franchises
What you pay
- Cost to open
- $3.2M–$3.83M
- A restaurant under a multi-unit development agreement
- Franchise fee
- $86,009
- S$110,000 Singapore dollars per restaurant
- Royalty
- 3%
- 3% of gross sales, paid monthly
Where it is
- US locations, 2024
- 6
- Franchised and company-owned
- Franchised
- 6
- Company-owned
- 0
From Tim Ho Wan International Pte. Ltd’s 2025 filing; revenue and net income from its audited financial statements, page 78; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Tim Ho Wan among all franchises with the same figure.
| Figure | Tim Ho Wan | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $3,510,109 | Costs more than 96% of franchises |
| Franchise feePaid once, when you sign | $86,009 | Higher than 97% of franchises |
| RoyaltyShare of sales paid to the franchisor | 3% | Lower than 98% of brands with a set rate |
| US locationsFranchised and company-owned | 6 | Fewer than 69% of franchises |
How much a Tim Ho Wan franchise costs
Opening a restaurant under a multi-unit development agreement costs an estimated $3,195,009 to $3,825,208. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, page 1
Tim Ho Wan franchise fee
The franchise fee is $86,009, S$110,000 Singapore dollars per restaurant. You pay it when you sign the franchise agreement.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, page 12
Royalty and ongoing fees
| Royalty | 3% of gross sales, paid monthly. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, page 12
Sales and earnings
No figures Tim Ho Wan does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, page 31
- Estimate Estimated yearly sales per location
- $2.8M–$5M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Tim Ho Wan compares
Of the 813 restaurant franchises on this site, Tim Ho Wan is the 798th cheapest to open and the 520th largest by number of locations.
| Figure | Tim Ho Wan | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $3.2M | $408K | $222K |
| Cost to open, high end | $3.83M | $866K | $477K |
| Franchise fee | $86K | $35K | $40K |
| Royalty | 3% | 5% | 6% |
| US locations | 6 | 14 | 21 |
| Change in franchised locations, 0 yrs | 0% | +1.8% | – |
| Shares earnings figures | No | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2022 | 6 (0) | 0 |
| 2023 | 6 (0) | 0 |
| 2024 | 6 (0) | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, page 32
Who owns Tim Ho Wan?
Tim Ho Wan franchises are sold by Tim Ho Wan International Pte. Ltd.
From Tim Ho Wan International Pte. Ltd’s 2025 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 97–111. |
|---|
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Tim Ho Wan International Pte. Ltd, 2025 filing, litigation on pages 97–111
Tim Ho Wan filings
The figures on this page come from Tim Ho Wan International Pte. Ltd’s 2025 filing, issued July 2, 2025, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | July 2, 2025 | NASAA depository | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other restaurant franchises
All restaurant franchises
Tim Ho Wan is also on these lists: food franchises.