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ASK THE EXPERT: April Fast Facts

Foodservice is a good business Good business attracts competition. Foodservice units in Canada grew 7.9% in the last three years! That $5B in sales from new entrants alone…. and another $1.5B in new jobs payroll. Low unemployment is good Where there is employment there are restaurants; Canada’s unemployment rate is falling. What is good for sales makes it harder to keep talent. Well trained employees who stick around can be paid more than ones that run for the next 25 cents an hour. Innovation, quality and convenience are a winning formula Foodservice operators have regained market share they lost to grocery stores since 2006. This despite most foodservice customers outside of BC and Alberta paying a sales tax on their food. Raising the bar on Innovation, quality and convenience have been a big part of the “return of restaurants.”  For a good location follow the money Households are 70% of…