Toronto-based Joyful Stomach stated the deal covers the whole province and provides to an current franchise dedication of 25 shops in British Columbia. The monetary phrases of the brand new growth settlement weren’t disclosed.

Smile Tiger is the primary espresso enterprise within the Joyful Stomach portfolio, which incorporates ideas in burgers, breakfast and Greek fast-casual, and spans greater than 640 places throughout Canada.

“As we proceed to scale Joyful Stomach by an asset-light franchising mannequin, extending Smile Tiger’s footprint in Ontario is a pure subsequent step,” Joyful Stomach Chief Govt Officer Sean Black stated in an announcement. 

Black later added, “We’re simply getting began.”

Smile Tiger in Kitchener. Joyful Stomach Meals Group press launch photograph.

Joyful Stomach, which is publicly traded on the Canadian Securities Change below the image HBFG, acquired Smile Tiger and its lone location in Kitchener, Ontario, earlier this 12 months in a deal value roughly $173,000 USD. 

The specialty espresso roaster and wholesale supplier with a single location in Kitchener was based by Tony Rubino and Steve Sittler in 2015.

“Smile Tiger’s in-house roasting capabilities, mixed with its consumer-packaged items (CPG) and white-label choices, place the model as a platform asset that may assist each its personal retail development and broader espresso wants throughout the Joyful Stomach portfolio,” Joyful Stomach said. “Because the Smile Tiger footprint expands in British Columbia and Ontario, Joyful Stomach intends to additional combine the model into its current breakfast, lunch and dinner ideas.”