MTY Food Group

Name

MTY Food Group

Legal name

MTY Food Group Inc.

Website

https://mtygroup.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Restaurant Franchising

NAICS

Special Food Services (7223)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)

akta.pro primary industry

Coffee Chains & Franchise Cafes (THAFADAB)

Keywords

• Restaurant franchising
• Multi-brand franchise operator
• Quick-service restaurants
• Franchise royalty fees
• Casual dining chains

Headquarters

HQ city

Saint Laurent

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Franchise Royalties and Fees: MTY generates revenue primarily through royalties and fees from its franchise network. The company collects ongoing royalties from franchisees based on system sales, plus initial franchise fees.
2. Company-Operated Restaurants: Revenue from company-operated restaurants within the portfolio. The company operates some locations directly in addition to franchising.
3. System-Wide Sales: Total system sales across all 7,034 locations reached $1.3 billion in Q1 2026, with $5.6 billion CAD in annual system-wide sales. MTY takes a percentage of these sales through royalties.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MTY Food Group is a multi-brand restaurant franchisor that acquires and franchises quick-service, fast-casual, and casual dining restaurant brands. The company earns revenue primarily through franchise royalties and fees from a network of 7,034 locations across 90+ brands, while also operating select company-owned restaurants. Its portfolio spans pizza (Papa Murphy's, Pizza Delight), frozen desserts (Cold Stone Creamery, Sweet Frog), snacks (Wetzel's Pretzels), Mexican (Mucho Burrito, Taco Time, Baja Fresh), Asian (Thai Express, Manchu Wok, Sushi Shop, Yuzu Sushi), BBQ (Famous Dave's), and other cuisine categories.

Product overview

MTY Food Group is a Canadian fast-food franchisor operating a diverse portfolio of 90+ restaurant brands across quick-service and casual dining segments. The company operates an asset-light franchise model, with 7,034 locations across Canada (35%), the U.S. (57%), and internationally (8%). Key brands include Papa Murphy's (take-and-bake pizza), Cold Stone Creamery (ice cream), Wetzel's Pretzels (snacks), Thai Express (Asian), Mucho Burrito (Mexican), BBQ Holdings/Famous Dave's (BBQ), Taco Time, Manchu Wok, Sushi Shop, and many others spanning pizza, sushi, Mexican, Asian, breakfast, and casual dining categories. The company generates revenue through franchising fees, royalties, and food processing, with approximately $5.6 billion CAD in system-wide sales and $1.3 billion in quarterly system sales.

Differentiator

Problem solved

Functional benefit

Brands

• Papa Murphy's: Pizza chain offering take-and-bake pizzas
• Cold Stone Creamery
• Wetzel's Pretzels
• Thaï Express
• Sweet Frog
• Taco Time
• Sushi Shop
• Toujours Mikes
• Mucho Burrito
• Bâton Rouge
• Manchu Wok
• Baja Fresh
• Mr. Sub
• Yuzu Sushi
• Allô Mon Coco
• Pizza Delight
• Scores
• Ben & Florentine
• The Counter
• Planet Smoothie
• Kahala
• BBQ Holdings
• Big Smoke Burger
• Bakers Square
• Jugo Juice
• Craft Republic
• Real Urban BBQ
• Famous Dave's
• Blimpie
• Champs
• Tahoe Joe's
• Madisons
• Casa Grecque
• Surf City Squeeze
• Tikiming
• Café Dépôt
• Thaizone
• Samurai Sams
• PinkBerry
• NRGize
• La Diperie
• Maui Wowi
• La Salsa
• Great Steak
• Granity City
• Grabba Green
• Ginger Sushi
• Built Custom Burgers
• Villa Madina
• Valentine
• Turtle Jack's
• Tutti Frutti
• The Works
• Tandoori
• Sushi Man
• Muffin Plus
• Mr. Souvlaki
• Kim Chi
• Extremepita
• Cultures
• Country Style
• The Coop
• Village Inn
• Timothy's
• Van Houtte
• South Street Burger

Products and services

• Papa Murphy's Take-and-bake pizza franchise concept offering fresh, never-frozen pizzas that customers bake at home. Operates over 1,300 locations primarily in the US market.
• Cold Stone Creamery Ice cream and frozen dessert franchise known for hand-crafted ice cream made fresh daily and custom cake creations.
• Wetzel's Pretzels Soft pretzel franchise concept operating in the snack category.
• Thai Express Asian quick-service restaurant concept specializing in Thai cuisine, one of MTY's established brands in the Canadian market.
• BBQ Holdings BBQ restaurant holdings including Famous Dave's and other BBQ concepts, with over 200 franchised and 100 corporate restaurants.
• Sweet Frog Premium frozen yogurt franchise concept offering self-serve frozen yogurt with various toppings.
• Taco Time Mexican-style quick-service restaurant concept available in both U.S. and Canadian markets, featuring tacos, burritos, and related Mexican cuisine.
• Sushi Shop Sushi restaurant and franchise concept offering Japanese cuisine including sushi, sashimi, and other Asian dishes.
• Mucho Burrito Fast-casual Mexican restaurant concept specializing in burritos, bowls, and tacos with fresh ingredients.
• Baja Fresh Mexican grill restaurant concept offering fresh, made-to-order Mexican food including tacos, burritos, and salads.
• Manchu Wok Asian quick-service restaurant concept specializing in Chinese-style wok dishes.
• Mr. Sub Submarine sandwich franchise concept operating primarily in Canada.
• Yuzu Sushi Sushi restaurant concept offering Japanese cuisine.
• Allô Mon Coco Breakfast and brunch restaurant concept.
• Pizza Delight Pizza restaurant chain operating primarily in Atlantic Canada, offering pizza, wings, and related items.
• The Counter Custom burger restaurant concept allowing customers to build their own burgers with various toppings and ingredients.
• Planet Smoothie Smoothie and health-focused beverage franchise concept.
• Kahala Brands Multi-brand restaurant franchising platform managing various quick-service restaurant concepts.
• Bâton Rouge Casual dining restaurant concept offering American cuisine with a focus on ribs and grilled items.
• Ben & Florentine Breakfast and brunch restaurant concept offering eggs, pancakes, and related breakfast items.
• Scores Chicken franchise concept specializing in fried chicken and related items.
• Famous Dave's BBQ restaurant chain operating under BBQ Holdings, featuring signature ribs and smoked meats.
• Turtle Jack's Muskoka Grill Casual dining restaurant concept, acquired along with Coop Wicked Chicken and Frat's Cucina.
• Big Smoke Burger Gourmet burger restaurant concept.
• Küto Comptoir à Tartares French-Canadian poutine and fries restaurant concept.

Quantifiable outcome

• Dividend yield of 3.5% with 20% payout ratio of free cash flow
• +3 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Partnerships

Four partnerships are on record, tiered minor and core.

• BMO (Bank of Montreal)minorGTM or Marketing Partner · 2 June 2026MTY Group restaurant chains are integrated into BMO's Blue Rewards loyalty program, allowing cardholders to earn rewards at MTY restaurants as part of BMO's comprehensive loyalty ecosystem that also includes travel bookings, hotel stays, and everyday spending.
• Ueat, Tacit, Mobi2Go, Lanla, Libro, Mail Chimp, Cake Mail, Paystone, SpendgocoreTechnology or IntegrationThird-party service providers performing services on MTY's behalf including newsletter mailing list management, online food take-out/delivery orders, online surveys, restaurant bookings, and loyalty programs management.
• MoneriscoreTechnology or IntegrationThird-party payment service provider that securely processes payments made through MTY's websites, including gift card purchases and donations. MTY does not collect, handle, or store credit card information directly.
• Accor (Fairmont, Novotel, SLS Hotels)minorGTM or Marketing PartnerMTY restaurant chains are included alongside Accor hotel brands in BMO's Blue Rewards loyalty program, enabling cross-promotional opportunities with the hospitality sector.

Scale indicators12 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Yum! Brands: Franchisor of KFC, Pizza Hut, Taco Bell and Habit Burger — a direct competitor operating multi-brand QSR franchising at much greater global scale than MTY.
• Restaurant Brands International: Owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs — the closest multi-brand QSR franchisor comparable to MTY, with a similar asset-light franchise model and global footprint.
• Jack in the Box: QSR franchisor of Jack in the Box and Del Taco — directly comparable asset-light franchise model with overlapping customer demographic.
• Wendy's Company: QSR franchisor of Wendy's hamburgers with a heavily franchise-led business model — comparable to MTY's QSR franchise structure, although narrower in brand scope.
• Dine Brands Global: Franchisor of IHOP and Applebee's — a multi-brand restaurant franchisor of similar scale to MTY with comparable asset-light economics and franchise royalty model.
• Inspire Brands: Multi-brand restaurant holding company (Arby's, Dunkin', Baskin-Robbins, Buffalo Wild Wings, Sonic, Jimmy John's, Firehouse Subs) — directly comparable multi-brand franchising platform to MTY's portfolio.
• Domino's Pizza: Largest pizza franchisor globally with an asset-light, royalty-driven model — directly comparable to MTY's Papa Murphy's and pizza concepts on franchise economics and unit-level economics.

Broad incumbents

• Bloomin' Brands: Casual dining operator (Outback, Carrabba's, Bonefish, Fleming's) — broader incumbent in the casual dining segment, relevant for MTY's casual dining brands such as Bâton Rouge and BBQ Holdings/Famous Dave's.
• Darden Restaurants: Large multi-concept casual dining operator (Olive Garden, LongHorn, Cheddar's, Yard House) — broader incumbent offering relevant comparison for MTY's casual-dining franchise brands.

Regional players

• Yum China Holdings: Operator of KFC, Pizza Hut and Taco Bell in China — relevant peer for evaluating MTY's international (only 8% of system) and Asian concept expansion potential (Manchu Wok, Thai Express, Sushi Shop).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mty-food-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MTY Food Group