MONTREAL — Competition is heating up for foodservice operators north of the border who are dealing with a incoming supply of U.S. fast-casual chains and the introduction of novel restaurant concepts, according to the second-annual survey of Canadian foodservice executives by FsStrategy Inc., a Toronto-based foodservice consulting group, on behalf of GE Capital.
“Due to the slow economic recovery in the U.S., we’sre seeing chains from south of the border kicking the tires here, including Five Guys Burger and Fries, Buffalo Wild Wings and P.F. Chang’s,” said Edward Khediguian, SVP of GE Capital’s Franchise Finance business in Canada.
In addition to incoming U.S. chains, the report predicts intensifying price competition and the addition of healthy food options to menus.
The survey will be included in the Canadian Chain Restaurant Industry Review, which will be released at the fourth-annual Canadian Restaurant Investment Summit, running from May 29 to 30 in Toronto. [restaurantinvest.ca]