Share on facebook
Share on twitter
Share on linkedin

Curious About Buying a Restaurant in Canada Soon? Four Searing-Hot Cities to Consider for Your Next Investment

What’s not to love about Canada? This famously friendly country is also incredibly welcoming to business, so it’s no wonder that it boasts the ninth-largest GDP in the world. With such a large and growing population, demand has never been higher for delicious restaurant food, especially as the world comes to a new normal after the Covid-19 pandemic.

If you love to provide world-class experiences to happy customers, you might have considered opening your own restaurant before, but have been concerned about the investments necessary to start a business. However, there’s a much easier solution than building from the ground up: buying an existing business and turning it into a foodie hotspot.

Business marketplace sites make it easy to jump into the Canadian restaurant scene

Before we discuss the four best cities to buy a restaurant, it’s important to consider how to do this – and why a business marketplace site is your best bet.

For obvious reasons, business owners are secretive about selling their companies: they don’t want to scare away employees or customers, who may take such a move as a sign that the company isn’t doing well. However, owners sell their businesses for many reasons, plenty of which have nothing to do with profitability. This is why a business marketplace site is one of the best ways to hear about these hush-hush opportunities and find the perfect restaurant to purchase.

Using a business marketplace site lets you find out about opportunities all across Canada, including in these four cities that have boundless potential. With that in mind, let’s get into why these marketplaces are a golden opportunity for the right restaurateur who wants to get a slice of that Canadian pie.

Join Our Small Business Community

Get the latest news, resources and tips to help you and your small business succeed.

Edmonton, Alberta

Located in beautiful Alberta, Edmonton is a quirky city with much to love. The fifth largest city in Canada, the “Gateway to the North” hosts endless festivals throughout the year, which draws enormous crowds all eager to try something unique. Its sizable immigrant population means that restaurants serving cuisine from nearly any nationality will have an eager fanbase of newcomers excited to enjoy some familiar comfort food. You have innumerable options for what path to take for your restaurant, and taking a look at the available restaurants in Edmonton only emphasizes the incredible diversity on display.

Chilliwack, British Columbia

Chilliwack is a jaw-droppingly gorgeous city in the North Cascades mountain range, with stunning natural scenes all year round. It’s especially known for summer tourism, which includes all manner of outdoor activities like fishing, rock climbing, horseback riding, boating, and hiking, but don’t think it’s only a seasonal opportunity! Plenty of tourists come to visit for exciting winter sports, and it has a sizable population of over 90,000 individuals. Chilliwack has boasted speedy population growth throughout the past few years and is ranked as the third-fastest Canadian growing city.

Halifax, Nova Scotia

If coastal glory is more to your taste, Halifax on the Atlantic Coast is your best bet. Halifax was the second fastest-growing metropolitan area during 2022, ensuring that there will be plenty of hungry customers ready to try your dishes.

While Halifax’s charms are multitudinous, some of its most important elements are a close-knit community, rich history, and incredible coastal views. Seafood restaurants do especially well here, but careful branding will make any restaurant a raving success in this land of plenty.

Kelowna, British Columbia

No discussion of Canadian restaurant opportunities is complete without discussing the hottest and fastest-growing marketplace, Kelowna. This beautiful city is a jewel in Okanagan Valley, boasting remarkable sandy beaches, majestic mountains, and plentiful outdoor recreation. The locals here are fiercely protective of their city’s natural beauty, and they will delight in any restaurant that aims to be sustainable and environmentally friendly. Some of the best opportunities here are in cafes, wineries, and seafood, but with Kelowna’s natural diversity and outgoing populace, the possibilities are endless.

Final thoughts

Whether your expertise is in Canadian comfort food or fine dining, there’s a market for you out there, and these four cities are enjoying some of the fastest growth in the entire country. Each of these is only projected to grow in influence and size throughout the coming years, so your best bet is to begin your restaurant purchase search today through business marketplace sites that collate all this information for your convenience.

Those with a passion for dining and hospitality often dream of opening their own restaurant but are scared away by the idea of starting from scratch, unaware that there are even better options available. However, the idea of becoming an entrepreneur doesn’t need to be just a fantasy if you take advantage of any aspiring restaurateur’s secret weapon: a business marketplace site. Using a business marketplace site allows you a faster way to accomplish your goal of owning your own restaurant. Faster investment and pre-existing infrastructure mean you can get right into what you really want to do: providing sparkling service to happy customers.

Join Our Small Business Community

Get the latest news, resources and tips to help you and your small business succeed.