Market Insight: Maintaining Profitability after Ontario Minimum Wage Increase

After the Ontario minimum wage increase announcement, many restaurants are questioning how this increase will affect their business and how much money it will take for their restaurant to get back to their original profit. 

The first step is to start planning now so that when the change does happen you are able to quickly adapt. The profitability chart above, created by David Hopkins, President of The Fifteen Group, clearly outlines and identifies what part of your business will be affected and how much is required to get back to the original profit. 

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