Japanese restaurant chain plans expansion in Calgary
Mario Toneguzzi , Calgary Herald
Published: Friday, November 30, 2007
An international quick-service restaurant chain has ambitious plans to expand in the Calgary marketplace, buoyed by impressive sales numbers in the food services sector.
Made In Japan Teriyaki Experience
currently has three Calgary locations and its development strategy includes an additional eight franchise locations here in the next five years, including one in 2009 at the future CrossIron Mills shopping centre in the Balzac area.
The Oakville-based company says the local expansion is part of a national growth plan that calls for 60 new Canadian restaurants in the next five years, targeting Vancouver, Calgary, Edmonton, Ottawa and Atlantic Canada.
The company has 420 restaurants in Canada, the Middle East, Italy, Central America, South America, South Africa, the Caribbean and the United States.
On Friday Statistics Canada released its latest data for food services sales showing that total estimated sales of the restaurants, caterers and taverns industry reached $3.5 billion in September, a 4.3 per cent increase over September 2006.
Sales in the limited-service restaurants sector jumped by 3.6 per cent on a yearly basis from $1.3 billion a year ago to $1.4 billion this year.
In Alberta, total sales have increased by 4.6 per cent - $421.5 million in September 2006 to $440.9 million in September 2007.