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Yolks

Full company profile

uuid006ba7p

Namestring
Yolks
Legal namestring
Yolks
Websiteurl
yolks.ca
Company typeenum
Private
Founded yearint
2012
Descriptiontext

Yolks is a Canadian full-service breakfast, brunch, and lunch restaurant concept founded in 2012 by Chef Steve Ewing as a food truck in Vancouver, British Columbia. The brand operates a scratch-kitchen model built around signature items including Perfectly Poached™ eggs, house-made hollandaise, spicy house-made ketchup, and truffle lemon potatoes, with free-range eggs sourced from Coligny Creek Eggs in Abbotsford, BC. Yolks is a portfolio brand under Happy Belly Food Group Inc., which is executing an asset-light franchising strategy to scale the concept across Canada. Yolks runs every unit on a daypart-restricted schedule (7am–4pm) in 2,300–2,600 sq ft footprints designed for efficient buildout.

As of mid-2026, Yolks operates seven restaurant locations across British Columbia (Broadway, Davie, Hastings, Tsawwassen), Ontario (Bloor West Toronto, Glebe Ottawa), and Quebec (DDO, Dollard-des-Ormeaux), and has 76 contractually committed franchise units across 9 Canadian provinces, including 25 in Ontario and a 15-unit area development agreement in Alberta. The company monetizes through restaurant sales (dine-in, takeout, catering) and franchise fees/royalties of $25K–$75K per unit with total per-unit franchise investment of $350K–$900K. Additional revenue streams include catering services (minimum $400 order) and online gift card sales. Marketing relies on the yolks.ca website, an active Instagram presence, and content marketing through the brand blog, while online ordering is delivered through the Toast Tab platform.

The target customer base is horizontal: local residents, commuters, and travelers seeking quality breakfast and brunch, supplemented by corporate event planners for catering and multi-unit franchise investors for expansion. In June 2026, Yolks extended its menu into lunch (smash burgers, fried chicken sandwiches), bowls, and smoothie bowls, broadening ticket size beyond traditional breakfast. No public revenue, headcount by role, or same-store sales data is disclosed, and the company is privately held with no funding rounds reported in the available data.

Short descriptiontext

Yolks is a Canadian full-service breakfast, brunch, and lunch restaurant concept owned by Happy Belly Food Group, operating seven locations across BC, Ontario, and Quebec with 76 committed franchise units across nine provinces, built around scratch-made signature dishes and an asset-light franchising model.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices7 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
breakfast restaurants, brunch dining, franchise breakfast, scratch-made breakfast, breakfast catering
Product category
Breakfast and Brunch Restaurants
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Restaurant Sales
TypeOne Time License
Description

Revenue from breakfast, brunch, and lunch sales at company-owned and potentially future corporate locations

yolks.ca
2Franchise Fees and Royalties
TypeLicensing Royalties
Description

Initial franchise fees and ongoing royalties from franchisee network. Investment range: $350,000 to $900,000 total, with franchise fees between $25,000 and $75,000

yolks.ca
3Catering Services
TypeProfessional Services
Description

Corporate and event catering with minimum order of $400. Menu options include Breaky Sando's, Pancake Platters, The King's Buffet, and Chicken Waffle Deluxe

yolks.ca
4Gift Cards
TypeOne Time License
Description

Gift card sales through online platform

yolks.ca
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Pricing details2 tiers
1Full-Service Breakfast, Brunch & Lunch Restaurant
ModelOne time/ perpetual licenseBilling cadenceMulti-year contract
Notes

Total investment range: $350,000 - $900,000+ including franchise fee ($25,000-$75,000), build-out and equipment ($250,000-$600,000), initial inventory and staffing ($25,000-$75,000), and working capital ($50,000-$150,000). Operating daily from 7am to 4pm. Optimized layouts between 2300-2600 sq ft.

yolks.ca
2Catering Services
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Minimum order of $400 required for catering services. Options include individually packed meals, family-style platters, and full buffet setups. 72 hours advance notice for small events, one week for larger gatherings.

yolks.ca
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Yolks is a Canadian breakfast, brunch, and lunch restaurant brand operating full-service locations that serve scratch-made dishes including Perfectly Poached™ eggs, eggs benedict, chicken and waffles, pancakes, and house-made hollandaise and condiments. The brand operates through a mix of company-owned and franchised restaurants across British Columbia, Ontario, and Quebec, supplemented by a corporate catering service and an asset-light franchise program with 76 contractually committed units across nine Canadian provinces.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Breakfast category outperforms traditional restaurant models with high customer frequency and strong margins
+2 more records
Product and service3 records
1Yolks Breakfast Restaurant Experience
CategoryRestaurant dining service
Description

Full-service breakfast, brunch, and lunch restaurant concept serving scratch-made dishes including Perfectly Poached™ eggs, eggs benedict, chicken and waffles, pancakes, breakfast sandwiches, and an expanded lunch lineup of smash burgers, fried chicken sandwiches, salads, smoothies, and bowls. Open seven operating locations across BC, Ontario, and Quebec with daytime hours (typically 8am–3pm).

2Yolks Catering
CategoryCatering service
Description

Breakfast and brunch catering service offering individually packed Breaky Sando's, Pancake Platters, the King's Buffet, and Chicken Waffle Deluxe options for offices, events, and special occasions. Minimum order of $400; 72-hour advance notice for small events and one week for larger gatherings.

3Yolks Franchise Program
CategoryFranchise program
Description

Asset-light franchising program for entrepreneurs and investors to open Yolks Breakfast locations across Canada. Total investment range of approximately $350,000–$900,000+, franchise fees of $25,000–$75,000, footprint of 2,300–2,600 sq ft, daily operations 7am–4pm. Includes site selection, training, supply chain, and marketing support. Development agreements active across BC, Alberta, Ontario, Quebec, and Atlantic Canada.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

White Spot is a BC-based family restaurant chain serving breakfast, lunch, and dinner; comparable to Yolks in BC market overlap, full-service casual dining model, and locally-rooted brand positioning.

TypeDirect peer
Description

De Dutch is a Western Canadian breakfast and brunch chain specializing in Dutch-inspired breakfast dishes; comparable to Yolks in geographic focus (BC, Alberta) and breakfast-specialist positioning.

3Cora's
TypeDirect peer
Description

Cora's is a Quebec-founded breakfast and brunch restaurant chain with strong Canadian presence; comparable to Yolks as a breakfast-specialist full-service chain targeting similar brunch enthusiast customer segments.

TypeBroad incumbent
Description

IHOP is a large US-headquartered breakfast and brunch franchise chain with Canadian presence; comparable to Yolks as a national-scale breakfast franchise serving similar menu categories, though much larger and broader.

TypeBroad incumbent
Description

Denny's is a US-headquartered family dining and breakfast chain with Canadian locations; comparable to Yolks in breakfast daypart and casual dining positioning, though operating at much larger scale.

TypeBroad incumbent
Description

Tim Hortons is Canada's largest QSR chain with a dominant breakfast daypart; relevant peer given overlap in Canadian breakfast consumer demand, though operating at vastly larger scale and QSR format.

TypeBroad incumbent
Description

Recipe Unlimited is a major Canadian multi-brand restaurant operator (parent of Harvey's, Swiss Chalet, etc.); comparable to Yolks as a Canadian restaurant consolidator with brand portfolio strategy similar to Happy Belly Food Group.

TypeBroad incumbent
Description

A&W Canada is a major Canadian QSR chain with a strong breakfast daypart offering; comparable to Yolks as a breakfast-emphasizing Canadian brand, though operating in QSR rather than full-service casual dining.

TypeDirect peer
Description

Sunset Grill is a Canadian breakfast-focused franchise chain with multiple Ontario and Western Canada locations; directly comparable to Yolks in breakfast specialization, franchise growth model, and Canadian footprint.

TypeDirect peer
Description

Eggspectation is a Canadian breakfast and brunch restaurant chain offering a similar full-service breakfast menu; directly comparable to Yolks in daypart focus, customer base, and dish categories.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Yolks

Breakfast and Brunch Restaurantsyolks.ca

Yolks is a Canadian full-service breakfast, brunch, and lunch restaurant concept owned by Happy Belly Food Group, operating seven locations across BC, Ontario, and Quebec with 76 committed franchise units across nine provinces, built around scratch-made signature dishes and an asset-light franchising model.

What Yolks does

Yolks is a Canadian full-service breakfast, brunch, and lunch restaurant concept founded in 2012 by Chef Steve Ewing as a food truck in Vancouver, British Columbia. The brand operates a scratch-kitchen model built around signature items including Perfectly Poached™ eggs, house-made hollandaise, spicy house-made ketchup, and truffle lemon potatoes, with free-range eggs sourced from Coligny Creek Eggs in Abbotsford, BC. Yolks is a portfolio brand under Happy Belly Food Group Inc., which is executing an asset-light franchising strategy to scale the concept across Canada. Yolks runs every unit on a daypart-restricted schedule (7am–4pm) in 2,300–2,600 sq ft footprints designed for efficient buildout.

As of mid-2026, Yolks operates seven restaurant locations across British Columbia (Broadway, Davie, Hastings, Tsawwassen), Ontario (Bloor West Toronto, Glebe Ottawa), and Quebec (DDO, Dollard-des-Ormeaux), and has 76 contractually committed franchise units across 9 Canadian provinces, including 25 in Ontario and a 15-unit area development agreement in Alberta. The company monetizes through restaurant sales (dine-in, takeout, catering) and franchise fees/royalties of $25K–$75K per unit with total per-unit franchise investment of $350K–$900K. Additional revenue streams include catering services (minimum $400 order) and online gift card sales. Marketing relies on the yolks.ca website, an active Instagram presence, and content marketing through the brand blog, while online ordering is delivered through the Toast Tab platform.

The target customer base is horizontal: local residents, commuters, and travelers seeking quality breakfast and brunch, supplemented by corporate event planners for catering and multi-unit franchise investors for expansion. In June 2026, Yolks extended its menu into lunch (smash burgers, fried chicken sandwiches), bowls, and smoothie bowls, broadening ticket size beyond traditional breakfast. No public revenue, headcount by role, or same-store sales data is disclosed, and the company is privately held with no funding rounds reported in the available data.

Yolks firmographics

Firmographics
Name
Yolks
Legal name
Yolks
Website
https://yolks.ca
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
101–250 employees
Short description
Yolks is a Canadian full-service breakfast, brunch, and lunch restaurant concept owned by Happy Belly Food Group, operating seven locations across BC, Ontario, and Quebec with 76 committed franchise units across nine provinces, built around scratch-made signature dishes and an asset-light franchising model.
Ownership category
akta.pro rank

Where Yolks is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Offices7 records

Markets served

Yolks business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

  1. Restaurant Sales: Revenue from breakfast, brunch, and lunch sales at company-owned and potentially future corporate locations
  2. Franchise Fees and Royalties: Initial franchise fees and ongoing royalties from franchisee network. Investment range: $350,000 to $900,000 total, with franchise fees between $25,000 and $75,000
  3. Catering Services: Corporate and event catering with minimum order of $400. Menu options include Breaky Sando's, Pancake Platters, The King's Buffet, and Chicken Waffle Deluxe
  4. Gift Cards: Gift card sales through online platform

Pricing tiers

ModelBillingPrice
One time/ perpetual licenseMulti-year contractFull-Service Breakfast, Brunch & Lunch Restaurant
Unit PricingPay-as-you-goCatering Services

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Yolks product offering

Product offering

Core offering

Yolks is a Canadian breakfast, brunch, and lunch restaurant brand operating full-service locations that serve scratch-made dishes including Perfectly Poached™ eggs, eggs benedict, chicken and waffles, pancakes, and house-made hollandaise and condiments. The brand operates through a mix of company-owned and franchised restaurants across British Columbia, Ontario, and Quebec, supplemented by a corporate catering service and an asset-light franchise program with 76 contractually committed units across nine Canadian provinces.

Differentiator

Problem solved

Functional benefit

Products and services

  • Yolks Breakfast Restaurant Experience Full-service breakfast, brunch, and lunch restaurant concept serving scratch-made dishes including Perfectly Poached™ eggs, eggs benedict, chicken and waffles, pancakes, breakfast sandwiches, and an expanded lunch lineup of smash burgers, fried chicken sandwiches, salads, smoothies, and bowls. Open seven operating locations across BC, Ontario, and Quebec with daytime hours (typically 8am–3pm).
  • Yolks Catering Breakfast and brunch catering service offering individually packed Breaky Sando's, Pancake Platters, the King's Buffet, and Chicken Waffle Deluxe options for offices, events, and special occasions. Minimum order of $400; 72-hour advance notice for small events and one week for larger gatherings.
  • Yolks Franchise Program Asset-light franchising program for entrepreneurs and investors to open Yolks Breakfast locations across Canada. Total investment range of approximately $350,000–$900,000+, franchise fees of $25,000–$75,000, footprint of 2,300–2,600 sq ft, daily operations 7am–4pm. Includes site selection, training, supply chain, and marketing support. Development agreements active across BC, Alberta, Ontario, Quebec, and Atlantic Canada.

Quantifiable outcome

  • Breakfast category outperforms traditional restaurant models with high customer frequency and strong margins
  • +2 more outcomes

Companies that use Yolks

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Yolks technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Yolks partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Yolks competitors and assessment

Company assessment

Broad incumbents

  • White Spot: White Spot is a BC-based family restaurant chain serving breakfast, lunch, and dinner; comparable to Yolks in BC market overlap, full-service casual dining model, and locally-rooted brand positioning.
  • IHOP: IHOP is a large US-headquartered breakfast and brunch franchise chain with Canadian presence; comparable to Yolks as a national-scale breakfast franchise serving similar menu categories, though much larger and broader.
  • Denny's: Denny's is a US-headquartered family dining and breakfast chain with Canadian locations; comparable to Yolks in breakfast daypart and casual dining positioning, though operating at much larger scale.
  • Tim Hortons: Tim Hortons is Canada's largest QSR chain with a dominant breakfast daypart; relevant peer given overlap in Canadian breakfast consumer demand, though operating at vastly larger scale and QSR format.
  • Recipe Unlimited: Recipe Unlimited is a major Canadian multi-brand restaurant operator (parent of Harvey's, Swiss Chalet, etc.); comparable to Yolks as a Canadian restaurant consolidator with brand portfolio strategy similar to Happy Belly Food Group.
  • A&W Canada: A&W Canada is a major Canadian QSR chain with a strong breakfast daypart offering; comparable to Yolks as a breakfast-emphasizing Canadian brand, though operating in QSR rather than full-service casual dining.

Direct peers

  • De Dutch: De Dutch is a Western Canadian breakfast and brunch chain specializing in Dutch-inspired breakfast dishes; comparable to Yolks in geographic focus (BC, Alberta) and breakfast-specialist positioning.
  • Cora's: Cora's is a Quebec-founded breakfast and brunch restaurant chain with strong Canadian presence; comparable to Yolks as a breakfast-specialist full-service chain targeting similar brunch enthusiast customer segments.
  • Sunset Grill: Sunset Grill is a Canadian breakfast-focused franchise chain with multiple Ontario and Western Canada locations; directly comparable to Yolks in breakfast specialization, franchise growth model, and Canadian footprint.
  • Eggspectation: Eggspectation is a Canadian breakfast and brunch restaurant chain offering a similar full-service breakfast menu; directly comparable to Yolks in daypart focus, customer base, and dish categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Yolks social profiles

Digital presence

Yolks financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Yolks leadership team

Management profile

Number of profiles

Profiles2 records

Yolks funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Yolks M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Yolks

What does Yolks do?

Yolks is a Canadian breakfast, brunch, and lunch restaurant brand operating full-service locations that serve scratch-made dishes including Perfectly Poached™ eggs, eggs benedict, chicken and waffles, pancakes, and house-made hollandaise and condiments. The brand operates through a mix of company-owned and franchised restaurants across British Columbia, Ontario, and Quebec, supplemented by a corporate catering service and an asset-light franchise program with 76 contractually committed units across nine Canadian provinces.

Is Yolks a public or private company?

Yolks is a private company. It is classified as corporate owned and is currently operating.

When was Yolks founded?

Yolks was founded in 2012. It employs 101 to 250 people.

Where is Yolks based?

Yolks is headquartered in Vancouver, Canada, in the North America region.

How does Yolks make money?

Four revenue lines are on record. Restaurant Sales are the primary driver. The others are franchise Fees and Royalties, catering Services and gift Cards.

Who are Yolks's main competitors?

Broad incumbents on record are White Spot, IHOP, Denny's, Tim Hortons, Recipe Unlimited and A&W Canada. Direct peers are De Dutch, Cora's, Sunset Grill and Eggspectation.

Does Yolks have an API?

No public API is recorded for Yolks.

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Live signals
NewsfileHappy Belly Food Group's Yolks Breakfast Secures Real-Estate Location in Edmonton's Brewery DistrictHappy Belly Food Group Inc. has secured a real-estate location for its Yolks Breakfast franchisee in Edmonton's Brewery District, marking a key step in the brand's entry into the Alberta market. The location was selected for its visibility, daytime traffic, and proximity to downtown offices and residential areas. Yolks now has 76 contractually committed locations across nine Canadian provinces, with Happy Belly's total portfolio reaching 686 contractually committed retail franchise locations.Stock TitanHappy Belly Secures Yolks Edmonton Expansion SiteHappy Belly Food Group has secured a real-estate location in Edmonton's Brewery District for its Yolks Breakfast franchisee, marking the brand's entry into the Edmonton market. Yolks now operates with 76 contractually committed locations across nine Canadian provinces, contributing to Happy Belly's broader portfolio of 686 contractually committed retail franchise locations. The company continues to execute its dual expansion strategy of franchised growth combined with targeted corporate store openings to build its national footprint.NewsfileHappy Belly Food Group's Yolks Breakfast Announces the Grand Opening of Its Newest Location in the City of Tsawwassen, British ColumbiaHappy Belly Food Group announced the opening of its seventh Yolks Breakfast restaurant location in Tsawwassen, Delta, British Columbia, with a soft opening on June 18, 2026 and a grand opening scheduled for July 3rd. The new location, the fourth Yolks in Western Canada, follows an asset-light franchising model near the BC Ferries Tsawwassen terminal, targeting local residents, commuters, and travelers. Happy Belly's portfolio now includes 686 contractually committed retail franchise locations across Canada and the United States.Stock TitanHappy Belly Yolks signs 15-unit Alberta dealHappy Belly Food Group Inc. has signed an area development agreement to open 15 new Yolks Breakfast locations in Alberta, bringing the total contractually committed Yolks units to 76 across 9 Canadian provinces. The company's emerging brand portfolio now has 681 units under development agreements, supporting its strategy to become Canada's leading restaurant consolidator through organic growth. The expansion leverages strong franchising interest across Canada, with the company targeting national brand recognition for Yolks in every province.Stock TitanHappy Belly inks Yolks Vaughan deal, targets 25 in Ont.Happy Belly Food Group Inc. announced that its Yolks Breakfast brand signed a franchise agreement and secured a real-estate location in Vaughan, Ontario, with the new location anticipated to open in summer 2026. This will be the third Ontario location as part of a broader plan for 25 contractually committed Yolks locations across the province. Yolks currently has 61 units under area development across key Canadian provinces and is part of Happy Belly's portfolio of 666 contractually committed retail franchise locations.NewsfileHappy Belly Food Group Portfolio Company Yolks Breakfast Promotes Christoph Barrow to Brand PresidentHappy Belly Food Group Inc., a Canadian company acquiring and scaling emerging food brands, announced the promotion of Christoph Barrow to Brand President of Yolks Breakfast, effective immediately. Yolks is a boutique restaurant brand in Happy Belly's portfolio that has development agreements across British Columbia, Alberta, Ontario, Quebec, and Atlantic Canada. The company reported it now has 666 contractually committed retail locations across its portfolio of emerging restaurant brands, with the CEO describing Yolks as hitting an inflection point with stepped-up franchisee and landlord interest.NewsfileHappy Belly Food Group's Yolk's Breakfast Announces Grand Opening of Newest Location in Toronto's Bloor West VillageHappy Belly Food Group Inc. announced the grand opening of a new Yolks Breakfast location in Toronto's Bloor West Village on November 7, 2025, marking the brand's second Ontario location and fifth operating location nationwide. The opening aligns with the company's asset-light franchising strategy, with several more locations in development and planned to open in 2026. CEO Sean Black emphasized the expansion will strengthen Yolks' position as the company leverages growing interest from potential franchisees to accelerate its footprint in the breakfast category.NewsfileHappy Belly Food Group's Yolks Breakfast Signs Franchise Agreement for the City of Edmonton, AlbertaHappy Belly Food Group Inc. announced that its subsidiary brand Yolks Breakfast has signed a franchise agreement for the City of Edmonton, Alberta, marking the brand's entry into the market. The agreement aligns with Yolks' Western Canada growth plan, with site selection already underway focusing on high-visibility corridors and daytime traffic generators. Happy Belly operates an asset-light franchising model and currently has 626 retail locations secured across Canada under Multi-Unit and Area Development Agreements.