Shake Shack announces it is finally coming to Canada
The burger chain will open a flagship location in Toronto in 2024
Attention burger lovers – Shake Shack is coming to Canada.
More than five years after it launched a one-day pop up restaurant in Toronto, Shake Shack (SHAK) announced Wednesday that it will officially enter the Canadian market in 2024, starting with the opening of a flagship location in Toronto. While the company did not disclose other location plans, it said it will open 35 Shake Shacks by 2035.
“We have been eyeing this incredible opportunity in Canada for quite some time and are elated to have found exceptional partners to serve Shack classics and bespoke Canada-exclusive items to our sophisticated neighbours to the north,” Michael Kark, Shake Shack’s chief global licensing officer, said in a statement.
The U.S. burger chain said it will collaborate with local producers “to create a special Shack experience unique to the Toronto community.” The menu will also feature signature Shake Shack items, including the ShackBurger, Chicken Shack, crinkle cut fries, beer, wine and frozen custard.
Shake Shack is partnering with two Toronto-based private equity firms for its Canadian expansion. Osmington Inc., a private commercial real estate and investment company owned and controlled by David Thomson, and Harlo Entertainment, a division of Harlo Group that operates and invests in hospitality properties including several restaurants in Toronto, will be Shake Shack’s partners in Canada.
“Together with Osmington Inc. and Harlo Entertainment, we plan to open 35 Shacks in Canada by 2035 starting with the flagship location in Toronto in 2024,” Kark said.
“We can’t wait to be a part of the city’s bustling energy and innovative food scene.”
Shake Shack opened a one-day pop-up restaurant in Toronto in 2017 at the now-closed Momofuku restaurant.
Shake Shack is one of many American fast food chains to expand into the Canadian market in recent years. Chick-fil-A said in October that it will expand its long-term investment in Canada, growing from six to 20 locations by 2025, with plans to open seven to 10 restaurants per year after. Chipotle Mexican Grill has 32 locations across Canada, and plans to open 10 new restaurants in 2023, marking the fastest growth rate since the chain entered the country in 2018.
Shake Shack first opened in New York City in 2004 and has 440 locations around the world, including 290 in the United States. The company’s average weekly sales per location in the fourth quarter of 2022 were US$76,000.
Alicja Siekierska is a senior reporter at Yahoo Finance Canada. Follow her on Twitter @alicjawithaj.
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