PepsiCo selects ten startups for nutritious food and beverage brand incubator

Press Release PepsiCo announced the ten emerging food and beverage brands that will join its first collaborative accelerator program in North America. Each of the ten participating startups will receive $20,000 in grant funding and participate in a 6-month business optimization program. The Nutrition Greenhouse program is designed to accelerate the growth of these startups with personalized mentorship […]

Silver Chef announces $500 million to back Canadian hospitality businesses

Press release Silver Chef, Canada’s leading dedicated hospitality funding partner, recently announced $500 million dollars to provide to Canadian hospitality businesses, to help them grow and achieve their potential over the next five years. The $500 million investment is open to all Canadian hospitality businesses, including restaurants, coffee shops, pubs, clubs and franchises. This financing […]

Canadian trailblazer: Peter Karamountzos, The Obsidian Group

By Sean Moon For Obsidian Group’s Peter Karamountzos, success in the foodservice business has been based on a combination of finding the right people, providing outstanding service and creating great value for the customer, all built on a solid foundation of strong family ties. As vice-president of Obsidian Group, Karamountzos oversees operations for the company’s […]

Institutional foodservice: One-tenth of Canada’s foodservice industry

In its recently released 2017 Canadian Institutional Foodservice Market Report, fsSTRATEGY estimates total gross revenues in institutional foodservice in Canada in 2016 to be $8.5 billion or 10 per cent of total Canadian foodservice industry sales. Approximately 54 per cent of the institutional foodservice market is operated by management and staff directly employed by institutions. […]

Alternative financing: Know your options when it’s time to borrow

By Jeff Mitelman Growing a restaurant business at a stable pace throughout the year can be challenging, even for the most experienced restaurant owner. The seasonality and competitive nature of the industry, changing consumer eating trends, and the ramp up costs for expansion all require savvy planning – and often an infusion of capital to […]

Is having a cocktail or wine with dinner in danger?

By Jeni Marinucci There are some changes brewing in the Canadian restaurant industry and as of now, few owners seem happy about it. Come to think of it, many patrons aren’t going to like it either. What could make each group equally as frustrated? Yes, it’s regarding alcohol rules and regulations. This time around, it […]

How to run a better hospitality business

By Matt Rolfe Whether you’re part of a large national multi-site operation or a single location operator, the facts show that running a healthy and successful operation is simply getting harder with each month and year that passes. Costs are rising, great management and staff are increasingly difficult to find and even harder to retain, […]

Meat prices to increase after minimum wage announcement, along with restaurant bills

By David Hopkins With the announcement of minimum wage increasing to $15 by 2019, restaurant owners in Ontario, Alberta and potentially British Columbia will not only see higher rent and utility costs, but also increases in meat prices. The surge in meat prices will add yet another level to profit challenge, making it harder for […]

How staff training and technology can help you better manage the cost of labour

By John Clausen In the service industry, people seem to have the greatest impact on costs and on revenue — costs such as the efficient use of resources and providing high-quality service at a reasonable price; and revenue generated by repeatable business and positive customer referrals. Technology, meanwhile, can also be used to enhance the […]

The AODA: Is your business compliant with accessibility laws?

By Jennifer Mathers McHenry and Lesley Campbell The Accessibility for Ontarians with Disabilities Act (“AODA” or “the Act”) became law on June 13, 2005, but has been and continues to be phased in over time with the Ontario government mandating that all businesses in the province must be accessible for persons with disabilities no later […]