A lot of success can be found in the franchise business if you know how to do it right. Besides having a good concept and financial stability, having the right resources at your fingertips is crucial if you want to make your franchise a household name.

One important but often underestimated resource is having a franchise consultant on your team of advisors. Whether you are a franchisee or a franchisor, a franchise consultant can help you grow your business more efficiently.

If you are a potential franchisee, then a franchise consultant can help you pick the best franchise to join.

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Whether your dream is to own your own franchise unit or to become a franchisor, making it a reality takes a lot of hard work and dedication. Having the right resources and support structure doesn’t hurt either. No one said you have to do all this on your own.

A franchise consulting company like MBB Management can help you make your dreams a reality. As the top franchise consulting firm in Philadelphia they work with local restaurants like Zac’s Burgers, national ones’ like Famous Chaps Pit Beef and international ones like Tony Lukes, helping them reach their full potential.

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Finding the best the location of your food franchise is probably one of the biggest decision you will make as a new franchise owner. Where you lay down roots in the community can really make you or break you, so it is not a decision to take lightly. If you live in a big college town, then it has probably crossed your mind the idea of setting up shop on a college campus, but is that the smart choice? Are food franchises and college campuses a perfect match?

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One of the biggest franchise success stories has been Papa John’s Pizzeria. Today, it is a well-known brand worldwide with over 4,000 locations and a market capitalization over $2 billion, but it started like all franchises do with just one store and a dream.

For John Schnatter, the founder and CEO of Papa John’s, it all started with a passion for pizza. In high school, he earned spending money by working at Rocky’s, a pizza and sub shop near where he grew up in Jeffersonville, Indiana.

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You’ve decided to take the plunge and become a franchise owner. Now there are so many decisions to make..what type of franchise should I run, what are the options in my price range, and of course what type of location is best for my franchise unit? What you might not think to consider, however, is should you buy three franchise units instead of one?

While this may seem like a way bigger investment especially when you are just starting it out, it may surprise you to know that that it is a growing trend in the franchise world.

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Developing a business plan takes some planning and forethought and entrepreneurs often wonder if one is really necessary. There are a lot of benefits to it though. Here are some reasons developing a business plan from your franchise is a good idea.Developing a business plan takes some planning and forethought and entrepreneurs often wonder if one is really necessary. There are a lot of benefits to it though. Here are some reasons developing a business plan from your franchise is a good idea.

The most important reason to develop a business plan is that it forces you to think about every detail of your franchise and anticipate any problems or issues that might come up.

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It is finally happening. You are making your dreams come true and becoming your own boss by buying into a franchise, but before you get too excited make sure you know exactly what you are getting into.

A franchise agreement is a legally binding agreement between you and the franchisor. It lays out the terms and conditions of what will be expected by both parties. You will be asked to sign a franchise agreement when you officially become a franchisee.

In general the franchise agreement will include an overview of the relationship between you and the franchisor as well as the duration of the agreement.

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If you have hit that sweet spot in your restaurant where your tables are filled every day and you have made a good name for yourself, you might be starting to experience the growing itch. Are you itching to expand your restaurant but not sure what the right way is?

The most common ways to grow your restaurant is to open another location or to franchise. According to a recent PricewaterhouseCoopers study, the franchise industry is a big driver in the economy and restaurants make up a big part of the industry.

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Location. Location. Location. When building your own franchise unit, there are a lot of factors that play a role in a successful franchise, but location is probably one of the most important ones.

Here 9 ways to find the best location for your franchise:

Don’t be afraid to ask for help.

Not all franchisors will include help with location as part of their franchise program, but most will. As part of your franchise agreement, you most likely will get rights to a particular geographic region and you will have to choose a location within those boundaries.

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As a restaurant franchise owner, you want to explore every opportunity for your business to grow, right? That’s a no-brainer, but finding the best ways to encourage growth can be challenging. If you feel like you have perfected the menu and the level of service at your current location, think about expanding your reach with a concession stand.

As a restaurant franchise owner, you want to explore every opportunity for your business to grow, right? That’s a no-brainer, but finding the best ways to encourage growth can be challenging.

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