THE FOOD ISSUE
Food, Glorious Food!
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Though the franchise industry is comprised of every sector one can imagine—manufacturing, retail, service, and more—when asked to name a franchise system, those unfamiliar with our community will often point to a quick service restaurant (QSR) they frequent, or their favourite sit-down restaurant where they celebrate all life’s biggest occasions.
That’s because the foodservice sector touches the hearts—and stomachs, and wallets—of consumers more than any other. Restaurants Canada estimates that the country’s foodservice industry pulls in $114 billion in sales each year and employs approximately 520,000 young Canadians. The QSR portion of the sector in particular is a juggernaut: in Canada, the sector is expected to bring in $36.4 billion in revenue by year’s end, according to IBISWorld, which is a seven per cent increase from 2023.
Whether you are a franchisor, a franchisee, or looking to purchase your own franchise location, one thing’s certain: we all have to eat. Foodservice is a category of our industry that not only serves the community but brings it together, in more ways than one. So, pull up a chair, tuck in your napkin, and get ready to feast on all that the Canadian franchise industry has to offer!