Right now it might seem like not the best time to invest or start something new. However, right now is the best time to open a new business! With a recession, it seems like it would not be a good choice, but it is the opposite.

Looking to learn how to find a franchise investor during a recession? This guide has got you covered.

Need Business Management Help?

MBB Management is there for you if you need help with redesigning your business for the better.

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Have you been considering getting into the restaurant franchise business, but not sure if this is the right time to do it? Is restaurant franchising on the rise in 2019? Are you primed for success?

According to the International Franchise Association’s latest report which was in 2018, the overall franchise industry is expected to continue to do well all throughout 2019. They projected that the number of franchise establishment would increase by 2.6 percent this year. And all signs so far point to a successful year not only for all franchises, but restaurant franchises in particular.

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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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MBB Management, the Philadelphia-based franchising consulting partner and operations manager for Tony Luke’s, has just inked a deal to open seven new Tony Luke’s franchise locations throughout New York City, Long Island and Yonkers.

Philly icon and international brand Tony Luke’s is best known for its award-winning South Philly Style cheesesteaks. Tony Luke’s has 22 stores open across the country, and has been featured in GQ Magazine, Gourmet Magazine, The New York Times, and is a member of Philadelphia Magazine’s Hall of Fame.

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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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Franchising your business is a great way to expand your business and make more money, but not every business is meant to be franchised. Your business model must easily be replicable and your brand must be strong enough to bring in the customers for all your franchisees.

There are also a lot of other factors that go into franchising your business. Check out these 10 most common mistakes when franchising your business:

1. Giving too much leeway when it comes to site selection

One common mistake new franchisors make is giving their franchisees to much leeway when it comes to the site selection process.

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When you go into the franchise business, one of the big decisions you will have to make besides what type of franchise to join is whether to invest in single-unit franchises or multi-unit franchises. While multi-unit franchises require more money and more work upfront in the long run they can give you a better, faster return on your investment.

First, it is important to understand what multi-unit versus single-unit means. Multi-unit franchises are when a franchisee purchased the rights to develop and multiple units in a particular territory.

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Franchise consulting can be a big help whether you are franchising your business for the first time or if you are already franchising and are simply looking to recruit new franchisees.

Not every franchise consulting company offers the same services so make sure you research exactly what services a particular franchise consulting comany can provide. Common franchise consulting services include development of new franchise programs, assistance with legal documentation as well as the development of all operations and training documentation and strategic planning to grow your franchise business.

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You have put your heart and soul into your restaurant, painstakingly growing it from a just an idea in your head to a thriving business concept. If you are now considering franchising your restaurant to help your brand grow even more, there are a lot of things you need to consider.

Is your restaurant model a good fit for franchising? Do you really want to be removed from daily operations? Is there enough customer potential to warrant the expansion into new territories?

Luckily, hiring a consultant company who specializes in restaurant consulting can help you franchise your restaurant in a smart, effective way.

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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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