While restaurant owners and operators — like their suppliers, their staff, and their customers — are facing severe price pressures in all areas of life, a new report suggests restaurant values themselves are also soaring. The latest BizBuySell Insight Report found that the value of U.S. restaurants being sold increased 51 per cent year-over-year in the […]
By Christian Petronio When they are searching for the perfect location to put down the roots of their foodservice business, many restaurateurs want an area that vibrates with energy, vitality, and enthusiasm. University and college towns or districts are becoming increasingly more attractive as the number of students enrolled in Canadian post-secondary institutions continues its […]
By Mark Plumlee It’s been a tough 16 months for restaurateurs. The COVID-19 pandemic pushed the industry to the brink, accelerating technological trends and forcing restaurants to adopt to-go business as a foundational revenue stream. As we come out of the pandemic into the “new normal,” get ready to see an explosion of new ventures […]
By Ori Grad The current market trends in commercial and restaurant real estate have proven to be truly unique as the hospitality industry continues to be impacted by COVID-19 and as local/provincial legislations maintain strict regulations on hospitality operations. As a team of hospitality business brokers helping clients buy and sell restaurants and commercial properties, our […]
Rents are rising, labour is more expensive and the cost of food continues to grow. Canada’s next wave of food halls may be the answer. By Gregory Furgala There’s no singular concept for a food hall. It’s a broadly interpreted term inclusive of countless norms and concepts. Some have full service restaurants in them, while […]
By Caileen Kehayas Every neighbourhood has a dead spot, a space where restaurant after restaurant cycles through, each attempting to overcome the curse that did in the last before succumbing to the sea of red ink that’s formed beneath them. It’s both unfortunate and probable: the median lifespan of a restaurant is a scant 4.5 […]
