8 Jul 2011

Canada’s restaurant industry sees sales increase

Canada enjoys going out to eat, as a recent study makes clear.

According to Technomic, a research and consulting firm for the food industry, the top 200 Canadian restaurant chains raked in $741 million in total sales last year, a 3 percent increase when compared to 2009.

“The industry is continuing to grow,” said Darren Tristano, executive vice president at Technomic. “The key for operators is to understand where that growth is occurring and implement lessons learned throughout the industry into their own business models.”

While earnings were higher, the number of new restaurants in Canada did not grow at the same rate it did in 2009. The report states just 73 new eateries were built in 2010, down from the 290 units built in 2009.

The survey also detailed what food chains are most prolific, finding that Tim Horton’s led in both sales and number of restaurants, followed by McDonald’s and Subway.

While the quality of food and service are crucial to a restaurant’s success, equally important is how efficiently it functions. Chain and independent restaurants often rent out storage units, or purchase portable storage containers, so they can house paper goods, napkins and utensils. This way, the items are at the ready when they’re needed.

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