Closures of Timothy's that I know of in the last year. Bay & Cumberland, Jarvis & Front, Elizabeth & Gerrard, Yonge & St. Joseph, Holt Renfrew Centre, Yonge & Temperance, Bloor & Yonge. What I got from some owners, was that after so many years, they are required to renovate and update the restaurant. This can cost up to $200,000 depending on the size of the place. They either didn't have the $ or didn't think the amount of business justified it, so they just walk away. A very disappointing end for these people. Buying a franchise is really hit or miss.