According to Foodservice & Hospitality Magazine, in 2013 the commercial Canadian Food Service & Restaurant Market has remained on a 4.4-per-cent growth track. With 2013 nearing an end, a number of publications have been forecasting how the 2014 Canadian Restaurant and Foodservice industry will fare. Check out 10 of the most interesting findings we've uncovered!
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Blog posts from November, 2013
Perhaps you’re an equipment rental company, looking for a way to add additional revenue through the expansion of your products and services. Perhaps you’re a catering company looking to service a greater portion of your clients’ needs. Or, perhaps you’re thinking of starting a new Party Rental business and not sure where to start. Whatever the case may be, when looking to expand your revenue there are a number of crucial items that makes sense to begin stocking as additional revenue generators.
Plastic folding tables tend to be one of the top items to stock and rent out. They are a great way for equipment rental companies (for example) to expand their product lines into as there’s typically less competition than most equipment rental companies are used to. Folding tables also are good items to stock as they only require to be rented out approximately 5 -10 times in order to recoup the product cost, representing a great return on investment. Wood folding tables can also be stocked if you prefer – just keep in mind that they tend to cost a little more per table and they are quite a bit heavier than plastic folding tables.
Plastic folding chairs are a close second as a good potential way to earn additional revenue. With a significantly lower cost to purchase they tend to be better for companies that don’t have a large amount of capital to invest. They require a marginally higher turnover with most companies recouping their initial investment after 7-9 times rented out. White resin folding chairs make for an even better item as they tend to hold a higher rental cost and recoup the initial investment after only 5 to 7 times. They are extremely popular for weddings and other special occasions.
Both folding tables and chairs tend to represent large areas for recurring rental revenues as there are a wide range of opportunities available to rent to weddings, universities and other school institutions, golf course and country clubs, churches, recreation centers, office and home Christmas parties, etc.
Special Events Magazine released an insightful article last week that is a must-read piece of party rental and event rental predictions for the upcoming year. As part of their annual Special Events "30 Top Rental Companies" list, the top Party Rental companies across North America commented on the state of the industry and how they believe 2014 bodes for the industry as a whole. With the economy improving on a daily basis it seems the industry has seen year-over-year growth in 2013 with a positive yet conservative outlook for 2014 based on the lack of discounting death spirals occurring in the industry.
You can view the article in its entirety by clicking here. (Note – you will have to have a free membership in order to view the entire article)
What’s flying off the shelves?
A1 Party and Event Rental based in Covina, California noted in the article that “the trend is to provide many more options. People are demanding a much larger selection in all categories of inventory.” With the modern culture one of convenience and consumerism, this doesn’t come as a surprise but I often wonder if a Party and Event Rental company can truly survive by being one of many that offer the one-stop shop for party rental items. Wouldn’t it be better to take what you’re good at and target your customer market based on that? Perhaps you excel in tent, table and chair sales – why not become the best tent, table and chair rental company in your local area, state/province or country?
What Do You Believe?
At National Event Supply for example we’ve seen an uptick in the amount of folding tables and Chiavari chair sales. Our stemware has been gaining additional ground but that could just be because we’ve never stocked glass stemware and crystal stemware before. We’re also seeing larger than normal porcelain dinnerware orders leading us to believe the business forecast as predicted by the big rental companies is correct in its assumptions. If we’re selling more, that means our customers are turning around / renting out their inventory more.
What do you think? Are you seeing overall growth in your business or industry? What event rental items are flying off the shelves for you? Do you disagree with anything in this post? Let us know in the comments!
The National Event Supply team have their bags packed and are heading to Victoria for NGCOA’s Golf Business Canada Conference & Tradeshow. Be sure to stop by our booth #10 to say “hi” and check out what we have to offer your golf course for all your event and restaurant needs.
With warehouses in Vancouver, British Columbia & Mississauga, Ontario, we can quickly and cost-effectively ship our hundreds of products across Canada. Because of this, we’re able to showcase the following items at the show:
- Porcelain Platters
- Porcelain Bowls
- Porcelain Dinnerware
- Stainless Steel Flatware
- Crystal Stemware
- Plastic and Wood Folding Tables
- White Resin Folding Chairs (also known as White Resin Wedding Chairs)
- And much more!
We’re also offering an exclusive show special only available to golf operators that stop by our booth.
SAVE 10% off plastic folding tables, wood folding tables, and folding chairs*.
Want to commit to an order but not accept your shipment until spring? We can help with that. Commit to an order at the show and we’ll ship the products to you in early April – just in time for the season to start!
If you’re interested in learning more about our products, download our Tables & Chairs Catalogue for details such as sizing, weight and pricing.
We look forward to seeing you November 22nd at the show!
* To be eligible for this show special, please stop by booth# 10 and drop off your contact details. To redeem this show special please mention the code NGCOA10E at the time of purchase. Show special valid on all wood folding tables, plastic folding tables and folding chairs and redeemable on or until December 6, 2013 at 5PM ET.
With the age of information upon us, it seems as if not a day goes by without a new smartphone app being released to the market. We're all guilty of going on our smartphones when we're out about town and checking what's around us – be it for a clothing store, a grocery store or a restaurant. Restaurant apps in particular are extremely popular with the masses and a great tool to find the cuisine you want around the area you want. As a restaurant, including your establishment on the top 35 restaurant apps that consumers are using right now – ensures that you’re putting your best foot forward and getting found where consumers are looking for you. We found an infographic on Visual.ly by Pizzamarketplace.com, fastcasual.com and QSRweb.com that summarizes the top 35 restaurant apps consumers are using right now. Check it out below!
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If you’re interested in learning more about folding tables and chairs, download the Tables & Chairs Catalogue to see measurements, weights, and more.