Tim Hortons, Inc. is a quick service restaurant chain company. Its primary business model is to identify potential restaurant locations, develops suitable sites, and makes these new restaurants available to approved restaurant owners. It owns and operates a small number of corporate-run locations in U.S. and Canada. The company's business model also includes vertically-integrated businesses, including warehouse and distribution operations that supply goods to a substantial majority of Canadian restaurants. It currently operates distribution centers that supply paper and dry goods to Canadian restaurants, and one facility that also provides frozen and some refrigerated products, as well as paper and dry goods. Tim Hortons restaurants offers premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including its trademark donuts. The company operates through two regional segments: Canada and United States. It was founded by Tim Horton & Ron Joyce in May 1964 and is headquartered in Oakville, Canada.