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Curious about restaurant business, book a free consult with Lakshay - https://bit.ly/15-mins-free-consulting 🍁This comprehensive analysis explores the profitability of the restaurant business in Canada. It begins by outlining the essential steps involved in opening a restaurant. 🍽️ The video then delves into a comparative examination of three live business models: franchise restaurants, catering services, and family-owned establishments, highlighting their respective advantages and disadvantages. 🔍Viewers can gain insights into the potential of established brand recognition in franchise restaurants, the flexibility and lower overhead costs associated with the catering model, and the unique appeal of family-owned restaurants.📊 The final analysis and conclusion aim to guide aspiring restaurateurs in making informed decisions about entering the Canadian culinary scene.👩🍳👨🍳 #restauantbusinesses #profitablebusinesses #openarestuarant #registerhst #franchisemodel #cateringmodel #familyownedrestaurant #soleproprietor #incorporation #restauantmanagement #restauantbusinessplan #bookkeepingservices #startupscanada #taxrefundscanada Take the free resource for the whole video - https://bit.ly/restaurant-businesses-... Top insights from this video: 1. Steps involved in opening an restaurant 2. Compare three live businesses and their profitability a. Franchise restaurant b. Catering model c. Family-owned restaurant 3. Conclusion and final analysis Timestamp: 0:00 Intro 1:13 Steps involved in opening an restaurant 2:50 Incorporating your business 3:42 Municipal level regulations 6:04 Franchise Restaurant 6:39 Catering business 9:01 Family-owned restaurant 11:24 Family-owned restaurant has highest profitability Follow Lakshay Gandhi on Social Media – Facebook – / realestateandtaxeswithlakshay Instagram - / taxants Website: https://accountingops.ca/ Disclaimer- ''The content, information, and material (whether or not it states any opinions) for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinions given in the material constitute a recommendation by LGCPA Professional Accountants or any of its affiliates. Although the information set out in this marketing communication is obtained from sources believed to be reliable, neither LGCPA Professional Accountants nor the author guarantees accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time. Neither LGCPA Professional Accountants nor the author shall be responsible for any loss that you may incur, either directly or indirectly, arising from any investment or financial decision that is made based on any information contained herein. "