CURRENT ISSUE: SPECIAL FRANCHISE FOCUS
Quick Service Restaurants: A Fast, Fresh Future
Though the pandemic is in our collective rearview mirror, the foodservice industry is still retuning in full force. Quick service restaurants (QSRs) have continued to see steady growth thanks to consumers’ shift to drive-thru and delivery orders. In fact, in November 2023, QSRs surpassed the monthly revenue of full-service restaurants ($3.6 billion versus $3.5 billion, respectively).
Looking ahead, Restaurants Canada reports that annual commercial foodservice sales are expected to rise by 3.4 per cent this year; however, real foodservice sales are forecast to grow by only 0.4 per cent. This doesn’t mean that holding off on investing until the country weathers its impending recession is the soundest idea. In reality, times of economic downturn are often the best environment in which to start a business, as you will be ahead of the curve once inflation steadies again.
In this special section, Franchise Canada is focusing on several emerging and established brands that are offering strong QSR opportunities for ambitious franchisees, as well as the stats and facts that will help you inform your own franchise journey.