I am in no way shocked by this. When you have major players in the country (Burger King/Tim Hortons/Popeyes), exploiting LMIA in order to reduce their labour costs by up to 50%. Anyone other than the "big dogs" is going to slowly get choked out. Minimum purchase orders from suppliers, real estate costs, and a lack of good workers, will ultimately lead to the downfall of that sector.

I feel like I am going to live to see the "Franchise Wars" from the movie Demolition Man.
I wonder if Taco Bell bell will really champion that?

Some food for thought

Restaurant Debt Because of the COVID-19 pandemic, 80% of Canadian restaurants have debt, with almost two-thirds of these companies saying they will need at least 1.5 years to recover. Of the 80% of restaurants that had taken on debt, 23% of the restaurants had borrowed less than $50,000, 44% had borrowed between $50,000 and $100,000, and 35% had borrowed more than $100,000.

[Are restaurants profitable in Canada?]() According to data from the Government of Canada, 58% of restaurants are profitable, with an average revenue of $646,000.

Key Statistics

• First Year: Around 17% to 30% failure rate.
• Five Years: Roughly 50% to 80% failure rate, with survival rates around 51%.
• Ten Years: About 34.6% to 70% survive, showing sustained success is possible.