Arby's Canada Menu Prices - March 2023 - Cost Finder Canada (2023)

Arby's has a menu full of delicious sandwiches for you to try. These are the most recent menu prices for Arby's in Canada, as well as a bit of its history.

Here are the latest Arby's menu prices in Canada:

When people think of large fast food franchises, Arby's doesn't always come to mind. That must change, however.

The company has performed remarkably over the past decade and is currently worth around$1.7 billion.

So how did Arby's go from a small restaurant in Ohio to the second largest sandwich chain in America (after Subway)? Keep reading and we'll walk you through the history of Arby's and go over their prices too!

Arby's Story

Like McDonald's before it, Arby's was founded by two brothers. Let's first take a look at who these brothers are and what made them successful.

the raphael brothers

Forrest "Fuzzy" Raffel and Leroy Raffel were born in 1922 and 1927, respectively. Both brothers served in World War II. Forrest was in the Air Force while Leroy was in the Naval Reserve.

In college, Leroy graduated from the University of Pennsylvania at the Wharton School of Finance. Forrest went to Cornell University's School of Hospitality and Restaurants.

After graduation, the brothers went ahead and bought their uncle's restaurant equipment business. They changed the company name to Raffel Brothers, Inc.

The company has become one of the largest food service consultancies in the country. He specializes in restaurant equipment for operators.

The 1950s were a revolutionary time for the food service industry. The brothers recognized the profitability of the Ray Kroc franchiseinternship at mcdonaldsas well as the assembly line style of the “Speedee service system“.

While McDonald's andking of burgersthey were dominating the hamburger market, the brothers thought they would do well selling roast beef sandwiches.

The birth of Arby's

On July 23, 1964, Forrest and Leroy Raffel opened Arby's in Boardman, Ohio. They were originally going to call their new restaurant "Big Tex", but that name was already in use.

Instead, the brothers opted for the name "Arby's", inspired by the Raffel Brothers initials "R" and "B". Many peoplemistakenly believethe "R" and the "B" are for "roast beef".

#InitialsOfSomeoneSpecialR.B.: the initials of our founders, the Raffel brothers.pic.twitter.com/g6vAyBfbj2

— Arby's (@Arbys)July 15, 2013

Arby's tried to market itself as a slightly more upscale fast food restaurant. They did this by pricing their sandwiches at 69 cents instead of McDonald's 15 cent hamburgers.

The original Arby's was a huge success. The Raffel brothers, business savvy, saw the franchise opportunity ahead and quickly began to expand.

In just a few years, they opened over 300 stores in nearly 40 states.

arby bankrupt

To expand as quickly as the Raffel brothers did, a significant amount of working capital was needed. The brothers took advantage of share capital and bank loans as a way to pay for their growth in the late 1960s.

Unfortunately, the growth wasn't fast enough to sustain all the debt they took on. To raise funds, the brothers decided to take the company public in 1970.

Unfortunately, the timing couldn't have been worse. Changes were taking place at the SEC and this was causing major delays in IPOs.

When they were finally able to go public, it was too late. The brothers had to abandon the plan.

This caused significant financial problems for the company. They also had several issues with franchise partners and banks.

In the late 1970s, the Raffel brothers filed for Chapter 11 bankruptcy.

the return

Fortunately, Raffel's story doesn't end there.

During the bankruptcy process, the brothers regained control of their organization. They would spend the next few years returning it to a profitable business.

By the end of 1975, Arby's had grown even larger and had over 500 locations across the country. Just like a few years earlier, a lot of money was needed to sustain this growth.

But rather than try to go public again, the brothers decided to sell Arby's to RC Cola for $18 million in 1976. That's worth about $80 million today if you take inflation into account.

Under ownership of RC Cola, the brothers would continue to run the company. By the late 1970s, Arby's had over 800 restaurants. At that point, the Raffel brothers would finally step down from their positions and retire as billionaires.

After the brothers Raffel and RC Cola

Arby's suffered a lot with the departure of its founding brothers. By the early 1980s, Arby's was selling fewer and fewer sandwiches.

Fortunately, things changed in 1984 when RC Cola was bought by the notoriously ruthless businessman Victor Posner through his DWG Corp. Posner hired Leonard Roberts to serve as CEO of Arby's.

Roberts was just 40 when he took over the struggling company. His goal was to change the company in a number of ways, most notably by tweaking its menu.

Under RC's direction, Arby's began selling hamburgers to compete with other fast food restaurants. Seeing this as a failed strategy, Roberts cut back on hamburgers and pushed for roast beef sandwiches.

He also raised the company's quality standards and began looking for new franchisees.

These tactics have proven to be quite successful. In the mid-1980s, Arby's was one of the top performing fast food restaurants. They have established hundreds of other locations across the US and even a few in Europe.

They were also one of the first fast food restaurants to accept credit cards and allow customers to order from a computer. Arby's had grown to over 2,100 locations by 1989 and was earning over $1 billion a year.

Arby's in the 90's

While Arby's was proving to be a great customer success story, there was another story behind the scenes. Posner was facing financial problems personally and was receiving money from Arby's to stay afloat.

Roberts was dissatisfied with the way Posner was running things, and Posner ended up firing Roberts.

After his departure, Arby's once again began to struggle. In 1991, many executives jumped ship, causing Arby's to take off even faster.

Posner's massive financial problems meant that Arby's would have to find a new owner. The company was purchased by Triarc Companies Inc. Arby's itself was then run by Don Pierce, who had previously overseen operations at Taco Bell.

He helped redesign Arby's to give it a more Old West feel. He then moved headquarters from Miami to Fort Lauderdale.

And despite Posner's foray into Arby's finances, the company continued to do very well. By 1993, they had grown to over 2,600 locations. Now they were in the United States, Canada, the Caribbean, Latin America, the Middle East, Europe, Mexico and Asia.

The following year, Don Pierce helped open another 200 stores. Total sales soared to more than $1.8 billion.

In 1995, Arby's opened its largest store in Tulsa. The 3,000-square-foot store is estimated to generate around $1.5 million a year in sales.

Arby hoy

In 2008, Triarc purchasedWendy´sand renamed Wendy's/Arby's Group. In 2011, Roark Capital Group acquired a majority stake in Arby's and continues to own the company to this day.

And in 2017, Arby's acquired Buffalo Wild Wings for over $2 billion.

Enjoying Arby's

Sure, going to an Arby's, having a roast beef sandwich, and then getting on with your day is all well and good. But it's interesting to read some of the history and learn how Arby got to where he is today. In our opinion, this makes everything much tastier.

Are you interested in finding out more about the people providing the latest prices in Canada?Ache-nos¡hoy!