Due to the COVID-19 outbreak, business closures are arising, and it has wreaked havoc on the franchise industry. It is unknown for us how long it does will take to return “usual” life. Even restrictions are expected to be released in the coming days and months, it is unclear on customer volume will be returning to pre-COVID-19 levels while businesses are reopened.
Other than that, franchising has seen many positives come out of the crisis. Optimists by nature, franchise leaders have moved mountains in the record time to keep their businesses alive and to support their franchisees. New concepts and ideas have emerged, and many have started to innovate, discovered some better ways of doing things. We will see more positive changes in the coming months, and it will be clearer for the franchises industry. Historically, the economic downturn has been among the best time for people to start franchising.
But during this period, Myeongdong Topokki is expanding as well. The differences with others are we keeping the innovative and business concept and mindsets to put our feet into customers’ shoes and attractions for the millennial. MyeongDong Topokki has always grabbed many loyal fans’ recognitions to our stores. MyeongDong Topokki also received a halal certificate by JAKIM in 2019. Ensure our FPC adhere to JAKIM standards and requirements on the food handling and production process.
As the brand growing, CEO of MyeongDong Topokki, Vincent Lua saw the steady growth of the client base and the positive responses from the market. This gave MyeongDong Topokki the impetus to begin offering a franchise program to share along with this wonderful and sumptuous business model and concept to those who are interested to venture into the world of gastronomy and Korean street food business.
Not only in Malaysia, recently MyeongDong Topokki has been successfully expanded to Indonesia by signing a Master Franchisee in Jakarta, Jabodetabek area. This is the first move of the brand expansion to the oversea market and there are a few upcoming projects ready for the brand’s expansion plan.
MyeongDong Topokki also expanding in collaboration with PNS and is moving forward to grow our market to the other part of the country and globally. our CEO, Vincent Lua will be one of the panelists on Sinar Harian on 11th June 2020 from 5 pm-7 pm together with the professionals from the franchise world. Love to know more about it. Click the link for registration. Interested to be part of us? Hit up +6012 245 2189 to find out more!