Meet Edmonton’s Thriving Hospitality Industry
-
Upload
edmonton-economic-development -
Category
Documents
-
view
214 -
download
1
description
Transcript of Meet Edmonton’s Thriving Hospitality Industry
ALL THINGS FOOD
FOR
EDMONTON’S PASSION
On behalf of City Council and the people of Edmonton, Alberta’s Capital City, I welcome all vendors from the 2014 National Restaurant Association Show to consider our great city as a prospective place to start or expand your company.
With an $81-billion gross domestic product, Edmonton is an economic powerhouse and anchors one of the most dynamic economic development corridors anywhere. Higher-than-national-average household incomes, a young well-travelled population with high disposable incomes and an insatiable appetite for culinary adventures — all combine to make Edmonton a desirable destination for investment.
Forecasts project Edmonton to be Canada's fastest-growing city in 2015-18 with continued significant population growth, creating limitless opportunities for new hospitality ventures. Edmonton is a vibrant and dynamic city with a strong, multicultural community and a thriving arts scene. With year round festivals, endless green spaces and state-of-the-art sports and entertainment facilities, Edmonton is a great place to live, work and play.
Edmonton stands ready to welcome you. How can we help you?
Yours truly,
Don Iveson Mayort
MAYOR’S MESSAGE
Photo: What the Truck?! events gather a number our city’s 30+ mobile eateries in one place throughout the year.
MEET EDMONTON’S THRIVING HOSPITALITY INDUSTRYFrom fine dining to food trucks, our
city has a passion and a talent for
wining and dining.
Photo: The Common is a gastro-lounge offering seasonal menus with an aim to create a community based upon experiencing new food, music and culture in Edmonton.
Edmontonians have the highest disposable income in
Canada and Albertans eat out more than anyone in Canada.
EDMONTON ALBERTA CANADA
Population 1,241,933 3,897,557 35,332,670
Median Age 36.4 36.4 40.2
% with Bachelors Degree or Higher 23% 22% 22%
Average Persons per Household 2.53 2.57 2.46
Average Household Income $103,668 $108,874 $86,661
Average Disposable Income $62,270 $65,408 $53,093
Average Annual Spending on
Food at Restaurants $2,329 $2,363 $2,017
Average Annual Spending on
Alcohol at Restaurants and Bars $477 $466 $357
Source: PCensus Online 2013 Estimates
TOTAL EXPENDITURE (IN MILLIONS)
EDMONTON ALBERTA CANADA
Food purchased from restaurants $1,126 $3,514 $28,488
Alcohol purchased from restaurants
and bars $231 $693 $5,043
Source: PCensus Online 2013 Estimates
EXPENDITURE PER HOUSEHOLD
EDMONTON ALBERTA CANADA
Food purchased from restaurants $2,329 $2,363 $2,017
Alcohol purchased from restaurants
and bars $477 $466 $357
Source: PCensus Online 2013 Estimates
Photo: The 8,000 square foot Ranch Roadhouse features seven full service bars and a full service patio bar to entertain country music fans.
$1.5 Edmonton combines one of the strongest local economies in North America
and a business-friendly tax environment, with a fast-growing population of
young, high-income professionals. With close to $1.5 billion in annual spending
in restaurants and bars, and a planned downtown arena and entertainment
district that will drive that spending to new heights, Edmonton represents an
unparalleled investment opportunity for the hospitality industry.
BILLION SPENT IN RESTAURANTS AND BARS
ANNUALLY
Greater Edmonton is home to over 1.1 million people, making
us Canada’s sixth-largest metropolitan area, and we are one
of the fastest growing large municipalities in Canada.
Edmonton features a growing population of young,
high income professionals. Edmonton households spend,
on average, 3.9% or $2,329 of their disposable income
on restaurants.
POPULATION GROWTH 2013-2016
AVERAGE FOOD SPENDING
OF EDMONTON HOUSEHOLDS EDMONTON POPULATION BY AGE
POPULATION GROWTH 2016-2018
Alberta EdmontonCanada
3.5%
4.4%
4.9%
Alberta EdmontonCanada
5.6%
7.2%7.8%
FOOD PURCHASED FROM STORES
FOOD PURCHASED FROM RESTAURANTS
25%
75%OVER 30
UNDER 30
40%
60%
Image: courtesy of Martin Male
Edmonton has national recognition as a city
where new hospitality concepts are born and flourish.
Alberta’s restaurant-friendly atmosphere is spurred by many factors. The province has a young population, plenty of disposable income and no provincial sales tax – a “huge, huge” help, [said Earls proprietor, Stan Fuller]. And Albertans favour chains. The split between independents and chains is 50-50, whereas Canada has twice as many independent outfits, said Mark von Schellwitz, vice-president of Western Canada for the Canadian Restaurant and Foodservices Association. “If you’re going to be successful, Alberta is probably your best chance at being successful with a new concept,” he said.
Josh Wingrove, “Alberta: A restaurant entrepreneur’s heaven,” Globe and Mail
This page top: The first Earls restaurant opened in Edmonton in 1982, and has since expanded to 65 locations in Canada and the United States.This page bottom: Wok Box started as a single store in downtown Edmonton in 2004, and can now be found across Canada and the United States with plans for international expansion. Next page top: The Marc serves delicious French dishes to an eager downtown lunch crowd, softening its atmosphere and expanding its menu in the evening.Next page right: Famoso Pizzeria, first offered its fire-roasted Neapolitan pizza in Edmonton, and now has 27 locations across Canada.Next page far right: A single Booster Juice smoothie store in Sherwood Park in 1999 has grown into 295 stores in six countries.
Edmonton’s record speaks for itself.
Boston Pizza, Earls, Pizza 73, Booster Juice, Wok Box, Famoso, Sorrentinos and Cafe Sorrentinos are among the region’s best-known success stories, but there are plenty of other homegrown businesses, in various stages of growth, such as Twisted Yogurt, Burrito Libre and Oodle Noodle, to name a few.
“ To set the stage for this, you have to understand that Albertans eat out more than anybody else in Canada, and that’s reflective of the perception of a better economy than anywhere else,” [says Paul McElhone, executive director of the University of Alberta School of Retailing].
Bill Mah, “Hungry for Chains,” Postmedia
WELCOME TO EDMONTON, A RESTAURANT ENTREPRENEUR’S DREAM.
Chefs have access to superior local producers and growers surrounding Edmonton. From free range pork at Irvings Farm Fresh, exceptional Alberta beef at Capital City Packers and exotic meats at Wild Game Consultants to exceptionally fresh produce straight from the Fraser Valley, Edmonton offers chef’s the opportunity to prepare a truly remarkable menu.
Photo to left and this page top: Brad Smoliak owns KITCHEN, a culinary studio in downtown Edmonton where he develops, tests and brings to life new menus, recipes and food products for restaurants, food manufacturers and foodservice providers. This page middle left: Irvings Farm Fresh specializes in delicious, nutritious, free range and locally sourced pork, and keeps a herd of Berkshire pigs year round. This page middle right: Fraser Valley. Image courtesy of Sam ChuaThis page left: Family owned Acme Meat Market supplies our city with top quality meats and seafood.
The information within these pages is only a sampling.
Connect with us to learn more about Edmonton’s exciting
opportunities and tour our city’s hospitality landscape.
Jimmy Shewchuk
Manager, Entertainment & Hospitality
780-969-0437
enterpriseedmonton.com
I am excited to help companies bring new hospitality experiences to Edmontonians. I draw upon my experience as a consultant, concept-developer, trend expert, owner and operator in various hospitality outlets in Edmonton and across parts of Western Canada.
D’Arcy Vane
Director, Business Development
780-969-0429
enterpriseedmonton.com
With a clear understanding of Edmonton’s unique economic position and expertise in strategic planning, market entry strategies, business model development and operations management, I offer a wealth of knowledge and experience to restaurant entrepreneurs looking to find success in Edmonton.
INTRIGUED?
2013 HOUSEHOLD SPEND SUMMARY
Edmonton Canada
Total Per Household % Total Per Household %
2013 Estimated Household Income $50,108,570,439 $103,668 $1,224,099,345,647 $86,661
Total Expenditure $48,319,016,451 $99,965 $1,176,715,578,023 $83,306
Total Current Consumption $33,933,185,777 $70,203 70% $835,975,815,216 $59,183 71%
Food $4,509,871,883 $9,330 9% $121,812,390,808 $8,624 10%
Shelter $9,447,208,236 $19,545 20% $229,142,832,704 $16,222 19%
Household operation $2,235,224,983 $4,624 5% $55,326,379,758 $3,917 5%
Household furnishings and equipment $1,436,927,804 $2,973 3% $33,163,408,824 $2,348 3%
Clothing $1,996,676,343 $4,131 4% $49,383,832,848 $3,496 4%
Transportation $6,549,831,039 $13,551 14% $158,732,972,514 $11,238 13%
Health care $1,173,744,932 $2,428 2% $32,379,816,352 $2,292 3%
Personal care $761,900,955 $1,576 2% $19,535,195,698 $1,383 2%
Recreation $2,952,468,186 $6,108 6% $67,730,743,629 $4,795 6%
Reading Materials and Other Printed Matter $170,510,711 $353 0% $4,350,492,156 $308 0%
Education $759,654,558 $1,572 2% $16,843,091,906 $1,192 1%
Tobacco products and alcoholic beverages $1,049,146,664 $2,171 2% $25,405,653,311 $1,799 2%
Games of chance (net) $169,170,200 $350 0% $4,162,236,596 $295 0%
Miscellaneous expenditures $720,849,281 $1,491 1% $18,006,768,109 $1,275 2%
Total Additional Expenses $14,385,830,674 $29,762 30% $340,739,762,809 $24,123 29%
Personal taxes $10,562,941,739 $21,853 22% $245,022,538,033 $17,346 21%
Personal insurance payments and pension contributions $2,582,831,421 $5,344 5% $66,087,369,161 $4,679 6%
Gifts of money and contributions $1,240,057,515 $2,566 3% $29,629,855,614 $2,098 3%
Food purchased from restaurants $1,125,839,176 $2,329 $28,487,912,476 $2,017
Alchohol purchased from licensed establishments $230,574,414 $477 $5,043,039,939 $357
Source: PCensus Online 2013 Estimates
EDMONTON DEMOGRAPHIC SNAPSHOT
EDMONTON DEMOGRAPHIC SNAPSHOT
INCOME TRENDS
Edmonton Canada
Average household income
2008 estimated $98,019 $79,061
2013 estimated $103,668 $86,661
2016 projected $117,863 $98,380
2018 projected $125,173 $104,419
2023 projected $145,711 $121,403
Aggregate household income ($000)
2008 estimated $43,151,444 $1,041,942,430
2013 estimated $50,108,570 $1,224,099,346
2016 projected $60,630,000 $1,455,235,694
2018 projected $67,002,305 $1,591,149,785
2023 projected $85,434,731 $1,965,533,551
Change in average household income
2008 to 2013 $5,649 $7,600
2013 to 2016 $14,195 $11,719
2016 to 2018 $7,310 $6,039
2018 to 2023 $20,537 $16,984
Change in aggregate household income ($000)
2008 to 2013 $6,957,126 $182,156,916
2013 to 2016 $10,521,430 $231,136,348
2016 to 2018 $6,372,305 $135,914,091
2018 to 2023 $18,432,426 $374,383,767
Source: PCensus Online 2013 Estimates
EDMONTON DEMOGRAPHICS
Edmonton Canada
% %
Total Population 1,241,933 35,332,670
2008 estimated 1,127,655 33,309,353
2008-2013 % Pop. Change 10.10% 6.10%
2013-2018 % Pop. Change 8.10% 5.80%
2013 Total Population by Age
0 to 4 years 78,202 6.30% 1,947,617 5.50%
5 to 19 years 209,738 16.90% 5,945,944 16.80%
20 to 24 years 95,943 7.70% 2,459,664 7.00%
25 to 34 years 211,108 17.00% 4,900,093 13.90%
35 to 44 years 177,056 14.30% 4,723,834 13.40%
45 to 54 years 179,775 14.50% 5,372,851 15.20%
55 to 64 years 144,839 11.70% 4,615,031 13.10%
65 to 74 years 80,505 6.50% 2,986,345 8.50%
75 years & over 64,767 5% 2,381,291 7%
Median Age 36.4 40.2
Top 3 visible minorities Chinese, South Asian, Black South Asian, Chinese, Black
Family Types
2013 Total Census Families 323,645 9,455,607
Average Persons Per Family 3 3
Children Per Census Family 1.1 1.1
Total Couples 272,389 84.20% 7,924,238 83.80%
Without children at home 114,052 35.20% 3,501,714 37.00%
With children at home 158,337 48.90% 4,422,524 46.80%
Lone-parent families 51,256 15.80% 1,531,369 16.20%
Education
2013 Educational Attainment (15 years+) 1,010,696 28,971,114
Less than a bachelor degree 775,563 76.70% 22,712,218 78.40%
Bachelor degree & higher 235,133 23.30% 6,258,896 21.60%
2013 Households 483,358 14,125,191
Persons per household 2.53 2.46
Average household income $103,668 $86,661
Housing
2013 Occupied Dwellings 483,358 14,125,191
Owned dwellings 349,161 72.20% 9,784,089 69.30%
Rented dwellings 133,558 27.60% 4,276,900 30.30%
Dominant building type Houses Houses
Dominant period of construction 1971-1980 1971-1980
Source: PCensus Online 2013 Estimates
EDMONTON DEMOGRAPHIC SNAPSHOT
enterpriseedmonton.com