Murphy denies rumours of his retirement and business sell off

TC Media
Send to a friend

Send this article to a friend.

Danny Murphy poses outside his Tim Hortons coffee shop on Water Street in Summerside this week. Murphy says rumours that he is looking to sell any or all of his 20 Tim Hortons' operations on P.E.I. are false.

Have you heard Danny Murphy is selling his many Tim Hortons restaurants?

So has he. And he has heard enough.

The province’s best known coffee man wants to quash persistent rumours that he is trying to sell any or all of his Tim Hortons and Wendy’s outlets.

“I’ve never talked to anybody and I have no interest in selling,’’ he says. “I’m going to work for a long time.’’

The 58-year-old businessman started out as a baker at Tim Hortons in 1979. Today, he owns 20 Tim Hortons coffee shops and five Wendy’s restaurants in P.E.I. that employ about 900 people. He also has another five Wendy’s in Montreal.

Murphy says he remains very hands on in the operations, regularly getting in behind the counter of his businesses that dot the Island.

He still relishes the fast pace.

“I really enjoy this business and I have no intention of leaving it. None.’’

He has no plans, though, to add to his current number of shops that serve up double doubles and Timbits. He notes the coffee market is “pretty much’’ saturated in Prince Edward Island.

However, he is pumping money into giving his stores fresh, new exteriors.

Murphy is also concentrating expansion to the hotel portfolio of his business empire.

Organizations: Tim Hortons

Geographic location: Prince Edward Island, Montreal

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments