Foodtastic acquires Quebec-based Chocolato

August 21, 2019

Foodtastic Inc., the Quebec-based franchisor of several marquee restaurant concepts, is adding something sweet to its portfolio with the acquisition of Quebec-based Chocolato.
Serving everything from dessert pizzas to fondues, handmade chocolates, drinking chocolate, ice cream and gelato, Chocolato is famous for its 20 dipping choices made from 100% pure high-quality chocolate. The very first Chocolato opened on boulevard du Versant-Nord, in Sainte-Foy (Québec) in August 2015. Now there are 22 locations in Quebec that span stand-alone stores, mall kiosks and express counters.
It’s the ideal partner for Foodtastic, which already operates 58 restaurants under 11 banners, including Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe's, Souvlaki Bar, Nickels, Vinnie Gambini, Blossom, Gatto Matto and Bacaro Pizzeria, as well as Big Rig Brewery and Big Rig Restaurants (Big Rig), which it added to its portfolio earlier this summer.
Founded by entrepreneurs Peter Mammas, Lawrence Mammas and Jacques Gaspo, Foodtastic is a leader in the restaurant franchising business with $125 million in annualized sales. Its recent growth is fuelled by a $47-million investment in December 2018 from Restaurant Royalty Partners and the Chocolato acquisition is part of Foodtastic’s vision to accelerate growth through new and existing brands.
Think Retail is honoured to work with this innovative company as it expands its network of marquee brands across the country. For more information about Foodtastic and its portfolio, visit the Foodtastic website or contact the Think Retail team.