4- MashaGhol restaurant
The restaurant industry in Canada has seen steady growth and profitability in recent years. The industry’s revenue has been steadily increasing due to Canada’s strong economy and growing tourism sector, which has led to more consumers paying to eat out.
In 2019, the restaurant industry in Canada generated $93.6 billion in revenue, a 5.1% increase over the previous year, making it one of Canada’s largest economic sectors.
Despite the challenges the industry has faced due to the coronavirus pandemic, it has shown resilience during that time by offering takeout, delivery and outdoor dining options.
The Canadian government has also provided financial assistance such as wage subsidies to support struggling businesses. As the pandemic ends and restrictions ease, the restaurant industry is expected to grow at an estimated rate of 8% in 2023.
- Profit for 2023: $1 billion
- Profit margin: 2.4 percent
- Barriers to market entry: Easy
Examples of successful restaurant businesses include:
- Pizza Delight (Pizza Delight)
Revenue (2022): $160-189 million
Headquarters: Moncton, New Brunswick
Field of activity: a chain of pizza restaurants
- Juicy Booster (Booster Juice)
Revenue (2022): $105-118 million
Headquarters: Edmonton, Alberta
Field of activity: specialized in providing juice, smoothies and other nutritious drinks in its famous juice shops
Earnings (2022): $15-22 million
Headquarters: Toronto, Ontario
Field of activity: serving delicious food in beautiful chain restaurants
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