The three main takeaways for this month:

1.We see a total of 3,642 permanent closures in the US in November 2020

• • Q1 = 12,931
  • Q2 = 10,179
  • Q3 = 20,726
  • Q4 = 4,742 -> What will December bring us?

2. In November the 5 main states who closed permanently their doors (#of permanently closures vs. # of total restaurants):

• • DC – DE – HI – LA – CA
  • The biggest market is of course CA representing 11.6% of the total market
  • Whereas DC – DE – HI only represents 1,1% for the 3 together
  • LA represents 1.4% on its own

3. In November the 5 main market segments that closed permanently their doors (#of permanent closures vs. # of total restaurants):

• • Buffet – Fine Dining – 5*Luxury hotel with Restaurant – Upscale Dining – Casual Dining
  • Buffet – Fine Dining – 5* – upscale dining only represents 4% of the total market
  • Casual dining, represents a big pie of the market with a marketshare of 26%

For the Canadian market, we see the next three takeaways:

1.Total of 773 permanent closures in Canada in November 2020

• Q1 = 2,947
• Q2 = 958
• Q3 = 3,702
• Q4 = 935 -> What will December bring us?

2. In November the 3 main states with the highest permanently closures (#of permanent closures vs. # of total restaurants):

• Alberta – Representing 11.6%
• Ontario – Representing 40.6%
• Nova Scotia – Representing only 3%

3. In November the 3 main market segments that closed permanently their doors (#of permanent closures vs.  # of total restaurants):

• Buffet Restaurants – LSR, a very small segment only representing 0.3%
• Coffee shops & Tea houses – LSR, representing almost 10%
• Smoothie, Juices – LSR, representing only 0.75%

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