Restaurant chains - additional information
Overall restaurant industry sales in Canada have been increasing year-on-year. Just like the greater industry, sales in quick service restaurants in Canada have increased annually and are predicted to surpass 26 billion Canadian dollars in 2015.
The restaurant chain with the greatest number of restaurants in Canada is Tim Horton’s Inc. The QSR chain was founded in 1964 in Ontario, Canada and is known for selling coffee and donuts. In December 2014, Tim Horton’s became a subsidiary of Restaurant Brands International as a result of a merger with the American restaurant chain Burger King. Tim Horton’s has had a stable growth in revenue worldwide, in addition to expanding its number of restaurants in both the U.S. and Canada. Tim Horton’s also topped the list of chain restaurants in Canada in terms of gross sales, making over eight billion Canadian dollars in 2016. Its closest competitor is McDonald's which grossed 4.5 billion Canadian dollars in 2016. Of the leading five restaurant chains with the highest gross sales, four of these (Tim Horton’s, Subway, McDonald's and Starbucks) are also ranked in the top five chain restaurants in terms of sales per restaurant unit.
The fourth largest chain in terms of units and gross sales is Starbucks. The American style coffeehouse was first opened in 1971 in Seattle. In the years leading up to 2016, its number of company-owned stores in Canada increased annually, although this figure decreased in 2015. Canada has the largest number of Starbucks stores per million people worldwide, with about 41.1 stores per million people.