Investing in a franchise like The Craving Momo can be a lucrative opportunity, especially given the rising popularity of momos among food enthusiasts. If you're considering venturing into the food franchise business in 2024, it's essential to understand the costs involved, the potential profits, and the application process. In this blog, we'll provide a comprehensive overview of these aspects and explain how Tradesworld can support you through your franchising journey.
Opening a franchise involves several cost components, from the initial franchise fee to the daily operational expenses. Here's a detailed breakdown of the costs associated with starting The Craving Momo franchise, with support from Tradesworld:
Franchise Fee-1 lakh
Kitchen Equipment-2 lakh
Marketing Cost-5%
Working Capital-4 lakh
Area Required-100 sq ft
Franchise Agreement-Life Time
Total Investment-8 to 12 lakh
The profitability of The Craving Momo franchise can be substantial, thanks to the brand’s strong market presence and high demand for quality momos. Here’s an overview of the potential financial performance:
Revenue Per Month-10 to 15 lakhs
Profit Margin-30 to 40%
Return on Investment018 to 24 months
Tradesworld specializes in facilitating franchise setups, providing comprehensive support throughout the process. Here’s how Tradesworld can assist:
Tradesworld helps identify prime locations for your Craving Momo franchise, ensuring high foot traffic and visibility. Services include:
Tradesworld offers support in securing financing through:
Tradesworld manages the project from start to finish, ensuring timely and cost-effective completion. Services include:
Franchisees typically need to pay ongoing royalty fees, which are a percentage of the monthly gross sales. These fees support the brand’s national marketing efforts and ongoing operational support.
The Craving Momo offers comprehensive support to its franchisees, including initial training, marketing support, ongoing operational support, and access to a dedicated franchisee support team.
Yes, Tradesworld can assist in establishing multiple Craving Momo franchise locations, offering the same level of support and ensuring consistency across all outlets.
The timeline can vary, but typically it takes about 3 to 6 months from initial inquiry to the grand opening of the franchise outlet.
In conclusion, can you make a profit with the Craving Momo franchise? In 2024, The Craving Momo is an excellent franchise opportunity where anyone can make a profit. With a low investment of 8 lakhs, you can start the business with no royalty fees, a 30 to 40% profit margin, a chef-less outlet, raw material supply, complete training for the employees, exterior and interior design, and help in tying up with online food delivery platforms. With all these benefits, it is a must-choice for those who want to start their first business. Also, consider competition for fast food in your location.
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