Food & Drink

How to Evaluate a Franchise Investment

franchise investment

The best thing about any franchise investment is the convenience that it affords any up-and-coming business owner. For most franchise opportunities, the groundwork has already been laid, the business has been tested and improved through time, and operational requirements are easy to prepare.

However, with the sheer number of franchising opportunities abound, you need to evaluate a franchise if it’s worth your time, effort, and money. In short, choosing the best franchise requires careful assessment and evaluation in order to fit your business needs.

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How to Start a Small Restaurant

start-a-small-restaurant

There’s nothing small about putting up a small restaurant. You may be looking at a conservative startup with a limited budget, but the amount of planning and preparation needed to pull it off may overwhelm you.

If you’re eager to start a new food business at a small scale, let the following strategies lead you to succeed in your small restaurant venture.

Here are 8 Tips to consider on how to start a small restaurant business.

1. Decide on the kind of restaurant that you will run.

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How MBB Management Helped Grow Tony Luke’s From 4 to 24

tony lukes franchising

As a premier business consulting company, MBB Management has helped many businesses reach their potential whether that means growing their one business or becoming a franchisor. One example of such success is Tony Luke’s, an iconic Philly cheesesteak brand and franchise. When Tony Luke’s came to MBB Management, they had four locations. In just a short time, MBB Management helped Tony Luke’s grow from four to twenty-four franchise locations!

How did they do it?

John Moser, founder of MBB Management, explains the core steps they follow to scaling franchise businesses like Tony Luke’s to success.

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Top 8 Qualities to Look for in a Hospitality Employee

The hospitality industry is booming so there is an increasing need for skilled hospitality employees. The customer is always the central focus for the hospitality employee so they really need to be passionate about giving the ultimate customer experience.

Finding the perfect employees can be challenging for your restaurant, hotel or resort, but there are certain qualities you should always look for. Here are the top 8 qualities to look for in a hospitality employee:

1. Total Commitment

Hospitality work can feel like a thankless job, with the long hours, hard work, and dealing with difficult customers, so you want staff who are truly committed and passionate about providing the best customer experience possible.

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“Zac’s Burger Bus” – The Ultimate Mobile Business

Philadelphia, June 12, 2017. – In a bold move to be the pioneer of a new concept for the food truck industry, Zac’s Hamburgers has created the “Zac’s Burger Bus”, which offers mobile food truck licensing opportunities that offer a heaping of benefits. The new food truck trend has created a frenzy. This trend has been growing in strength over the past five years and is one of the best performing segments in the broader food-service sector.  Furthermore, the Zac’s Burger Bus provides affordability for many individuals to take advantage of this growing trend and become a food truck licensee.

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9 Tips on How to Run My Restaurant Better

Run My Restaurant

Being a restaurant owner is hard work. The long hours and the many hats you have to wear can really take a toll on you and your business. When you are stressed out and exhausted, you might let things start to slip affecting the quality of your food and service. It can feel like a thankless job at times, but if you have the passion and drive to make your dreams come true then you will find a way to balance it all.

Here are some tips on how to run your restaurant better.

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How to Franchise a Bakery

Bakery

Fresh percolating coffee, the scent of warm bread baking in the oven. Who doesn’t love stopping in a bakery for some warm treats? As a bakery owner, you know what a smart business it is to focus on baked goodies like bread, cakes, croissants, pastries and pies, but did you know that you can grow your bakery even more by becoming a franchisor?

The baking industry is popping with an estimated annual revenue of $3 billion and other bakery companies have found success as franchisors like Great Harvest Bread, Gigi’s Cupcakes or Corner Bakery.

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4 Ways Philadelphia Restaurants Can Deal With The Soda Tax

Recently a number of cities and counties have become victim to taxes on sugary beverages, especially soda. As a Restaurant owner you must know how these taxes are affixed and how to protect your bottom line from them.

Philadelphia recently levied a 1.5-cent-per-ounce tax on sweetened beverages that took effect in January. This makes Philadelphia the first large city to have an actual soda tax enforced. So, how can restaurants in Philadelphia mitigate the effects of these taxes?

  1. Clean it UP! – Spilled soda is still taxed.

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The Successful Bar Owner’s Manual

Success or failure is always almost related to an operator’s capability or inability to focus on labor cost, beverage cost and food cost. Corporate operators have organized ways and steps to follow to keep an eye on these costs. These systems are highly constructive in providing up-to-date information. Even with the high- tech systems and the data they create, the management team must always continue to manage.
Many self sufficient operators still have issues with controlling their labor, food and beverage cost. Many do not have these systems. The struggle is a bit harder than that of the multi-unit operator.

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Restaurant Franchising: A How-to Guide

Restaurant Franchising

So you own or manage a restaurant. It has been going strong, and you are starting to wonder what to do next. Cash flow is good, reviews are positive, and overall, things are looking great. You are more than likely going to start thinking about opening a second location, or possibly even a third. 

What you’re thinking about is restaurant franchising.  If so, we have a great little primer on getting the franchise process started.

Opening just another restaurant would be the path towards becoming a chain, which could be what you want.

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How Can We Help You?

MBB has the tools and experience to set your business up for success.

Contact us to set up an introductory meeting.