Changes in PST taxation in Saskatchewan have put the crunch on local restaurants and bars, reports a recent CBC News article. A six percent increase in taxation on restaurant meals has caused a decline in food sales over the course of the past year. Local taphouse owner Tim Rogers noted in the article that for most Regina casual dining restaurants, “it’s been a tough nine months or so”.
One business that has not yet seemed affected by the changes is MR MIKES Steakhouse Casual, a franchised casual dining restaurant with two locations in Regina. Many industry insiders note that the reason for this is that the MR MIKES Steakhouse Casual dining experience in Regina is unparalleled — with takeout readily available, an urbanLODGE social dining concept that is unique to the area, and a varied menu with quality options, MR MIKES Regina appeals to a wide variety of consumers.
A spokesperson for the company recently noted that they “understand that the tax has put pressure on consumers to watch their spending” but that MR MIKES Steakhouse Casual Regina is “focused on making an affordable dining experience for Saskatchewan consumers while still respecting the quality and atmosphere that MR MIKES is so well-known for”.
The CBC News article surveyed Regina casual dining restaurant owners like MR MIKES Steakhouse Casual and found that “84% say the new tax is hurting business”. It is clear that with MR MIKES Regina thriving despite the new strictures in the provincial taxation scheme, those 16% of businesses that have not felt impacted are garnering the lions share of consumers’ business. Initiatives like coupons, happy hour, and quality food for reasonable prices surely all have contributed to the continued success of these businesses, and will be a part of the strategy for many more restaurants in the months to come. Until the province backs down on this new harsher taxation program, casual dining restaurants in Regina like MR MIKES Steakhouse Casual will need to adapt to survive and thrive.
To learn more, interested parties can visit https://www.mrmikes.ca/locations/regina-eastgate or https://www.mrmikes.ca/locations/regina-grasslands
Source: CBC News
Release ID: 253143