Investment Opportunity — Canada

A 30-Year QSR Concept.
A Wide-Open
Canadian Market.

The Carvery is expanding nationally. We are looking for aligned capital partners to fund the rollout of Canada's only carved roast QSR food court concept.

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Investment Thesis

Why Now.
Why The Carvery.

The Canadian food court landscape has no equivalent to what The Carvery does. Slow-roasted, freshly carved meats served fast — it is a format that has performed consistently in New Zealand's Westfield network for three decades and does not exist in a single Canadian mall today. Post-pandemic, enclosed malls are recovering aggressively, food precincts are being repositioned upmarket, and operators are actively seeking premium QSR concepts that justify higher basket sizes. The window to enter as the category-defining brand is now.

The numbers are not projections. They are outcomes from comparable operating locations. $1.2 million in average annual revenue per site. Thirty percent EBITDA. A format that runs at 400 to 800 square feet, meaning lean capital requirements and faster payback periods relative to most food service investments. The Westfield New Zealand estate validated the model. The Well in Toronto validates the demand in Canada. What follows is replication — disciplined, market-by-market — with capital as the primary constraint on pace.

We are raising expansion capital to fund the rollout of multiple Canadian locations beyond our Toronto proof-of-concept. Investors are not buying a concept. They are buying into a system that has operated continuously for thirty years, refined itself across two countries, and now faces a market in which no direct competitor exists. The ask is straightforward: fund the sites, scale the system, capture the category.

Investment Highlights

Investment Highlights

$0M
Average Annual Revenue Per Location
NZ comparable locations
0%
EBITDA Margin
vs. 10–15% food court industry avg
0
Square Feet Per Location
Lean capex model
0+
Years Operating History
Westfield & premium mall environments
Direct Canadian Competitors
No equivalent in Canadian food courts
0
Tier 1 Target Markets
Toronto · Vancouver · Calgary · Edmonton · Ottawa

Revenue and margin figures based on New Zealand comparable locations. Past performance does not guarantee future results. Forward-looking statements involve risk and uncertainty.

Partner Criteria

The Right Capital Partner

01

Patient Capital

A 3–5 year growth horizon aligned with a measured national rollout. We are building for lasting category dominance, not a short-cycle exit.

02

Real Estate Networks

Mall access is a critical expansion constraint. Partners with retail property relationships — in Cadillac Fairview, Oxford, Ivanhoé Cambridge, or Morguard networks — are particularly valued.

03

QSR or Consumer Expertise

Operational or brand-building knowledge in food service or retail accelerates the rollout and reduces execution risk. We are receptive to genuinely active partners at the right scale.

04

Brand Alignment

Premium, quality-first, heritage positioning. We have built a 30-year brand on the integrity of the product. This is not a race to the bottom on price or a cost-out growth story.

The Process

From First Contact
to Partnership

1
Submit Expression of Interest
Complete the short enquiry form at /partners/apply/ — takes two minutes. Tell us who you are and what you're looking to explore.
2
Introductory Call With Founders
A 30-minute call with the founding team. We'll answer your initial questions and establish whether there's a basis for moving forward.
3
Execute NDA
A standard mutual non-disclosure agreement covering confidential business information, financial data, and expansion plans.
4
Full Investor Deck + Financial Model
Receive the complete investor presentation, operating financials from comparable NZ locations, and the Canadian expansion financial model.
5
Site Visit: The Well, Toronto
Visit the live Canadian operation at The Well. See the format, the throughput, and the team in action during a lunch service.
6
Term Sheet Discussion
Outline investment structure, size, governance rights, and timeline expectations. We aim to keep terms straightforward.
7
Due Diligence
Full access to operational records, legal structure, leases, supplier agreements, and team documentation. We operate an open book.
8
Close
Finalise documentation, transfer capital, and begin the site pipeline for the next Canadian location.
Questions

Common Questions

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