QUICKBITE Redefines Canada's QSR Landscape with Triple-Brand Power Move
TORONTO, June 10, 2025 /CNW/ - A bold new force is making waves in the Canadian foodservice industry. QuickBite Collective, a dynamic quick-service restaurant (QSR) startup, has captured attention with a high-impact, triple-brand acquisition completed within just six months of launching.
QuickBite is quickly establishing itself as a key player in Canada's franchising scene, targeting over 82 locations by the end of 2025. With a veteran QSR leadership team at the helm, the company is also stepping into the spotlight as the Presenting Sponsor of the upcoming National Franchise Shows in Toronto, Calgary, Halifax, Edmonton, Winnipeg, and Vancouver.
"This isn't just about growth," said Hadi Chahin, President of QuickBite Collective"We're building the most dynamic, culturally relevant, and operationally excellent food portfolio in the country - one that empowers our franchisees to succeed and thrive in an ever-evolving market.
With a sharp focus on cultural relevance and operational excellence, QuickBite is now the proud parent company of three powerhouse brands:
Teriyaki Experience – A 40-year-old Canadian icon with global reach, now undergoing its most ambitious transformation yet. The Japanese-inspired teppanyaki concept is unveiling a refreshed brand identity, modernized menu, and a renewed focus on hospitality and store experiences—reclaiming its place as a staple of Canadian dining.
Burgers n' Fries Forever (BFF) – Toronto's cult-favorite halal smash burger brand with over 64,000 followers and deep Gen Z appeal. Known for its bold flavors, edgy branding, and social media buzz, BFF is preparing to open 12 new locations in the next 6 months, rapidly expanding its footprint across Ontario and beyond.
Maverick's Donut Company – Maverick's Donut Company completes the trio with a unique twist as Canada's fastest-growing donut brand. Known for its Instagram-worthy appeal, Maverick's offers exciting flavours, creative combinations, and customizable treats. With QuickBite's leadership, the brand is perfectly positioned for major expansion.
About QuickBite Collective
QuickBite is one of Canada's fastest-growing QSR parent companies, uniting Teriyaki Experience, Burgers n' Fries Forever (BFF), and Maverick's Donut Company under one bold vision. Focused on innovation, scalability, and franchisee success, QuickBite is rewriting the rules of quick-service dining—one bold bite at a time.
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The below-described non-GAAP and other financial measures do not have a standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other issuers and should be considered as a supplement to, not a substitute for, or superior to, the comparable measures calculated in accordance with GAAP. (A) Non-GAAP Financial Measures EBITDA EBITDA represents net earnings plus income taxes, net financing costs and depreciation and amortization and includes the Corporation's share of net earnings of its equity-accounted investment. Management believes EBITDA measure represents a supplemental metric to assess the operational profitability of the underlying core operations. The Corporation has revised its reconciliation approach for EBITDA by beginning with net earnings, rather than operating income as in prior periods. 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A reconciliation of net earnings to EBITDA is included below: Total debt Total debt represents the sum of long-term debt (including unamortized debt issue costs, accrued interest and fair value hedge – basis adjustment), short-term borrowings under the US commercial paper program, long-term financing arrangements and other bank indebtedness (if any). Management believes Total debt is a measure that is useful to facilitate the understanding of the Corporation's corporate financial position in relation to its financing obligations. A reconciliation of long-term debt to total debt is included below: Net debt Net debt represents total debt minus cash and cash equivalents. Management believes Net debt represents a useful additional measure to assess the financial position of the Corporation by showing all of the Corporation's financing obligations, net of cash and cash equivalents. A reconciliation of total debt to net debt is included below: (B) Non-GAAP Ratios Adjusted net debt to EBITDA ratio Adjusted net debt to EBITDA ratio is a ratio calculated using adjusted net debt over consolidated EBITDA for the last twelve months. Management uses this ratio to partially assess the financial condition of the Corporation. An increasing ratio would indicate that the Corporation is utilizing more debt per dollar of EBITDA generated. A calculation of adjusted net debt to EBITDA ratio is included below: EBITDA margin EBITDA margin represents EBITDA divided by sales. Management believes that this measure is useful in assessing the performance of ongoing operations and efficiency of operations relative to its sales. 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