Investing in a Momomia franchise can be a rewarding opportunity for aspiring entrepreneurs looking to enter the thriving food and beverage industry. Momomia, known for its delectable momo offerings, has carved out a niche in the fast-casual dining sector. If you're considering this venture in 2024, it's crucial to understand the costs, profit potential, and the application process. In this blog, we'll provide a comprehensive overview of these aspects and explain how Tradesworld can support you throughout the franchising journey.
Opening a Momomia franchise involves various costs, from the initial franchise fee to ongoing operational expenses. Here’s a detailed breakdown of the costs associated with starting this franchise, with support from Tradesworld:
Franchise Fee-2.5 lakh+GST
Estimated setup cost-2.4 lakh
Kitchen Equipment-1.44 lakh
Royalty Fee-5%
Staff Salary-58,000 per month
Working Capital-2 Lakh
Franchise Agreement-5 years
Total Investment-7.5 Lakh
The total investment required to start the QSR model of the Momomia Franchise is 10 lakhs, including a franchisee fee of 2.5 lakhs, a setup cost of 4.3 lakhs, kitchen equipment costs of 1.85 lakhs, working capital costs of 3 lakhs, and other costs.
Franchise Fee-2.5 Lakh +GST
Estimated setup cost-4.3 lakh
Kitchen Equipment-1.85 lakh
Royalty Fee-5%
Staff Salary-73,000 per month
Working Capital-3 lakh
Franchise Agreement-5 years
Total Investment-10 lakh
The profitability of a Momomia franchise can be substantial, given the brand’s popularity and high demand for quality momos. Here’s an overview of the potential financial performance:
Sales per month-2.4 lakh to 6 lakh
Net Profit Margin-45%
Net Profit profit per month-65,000 to 2.65 lakh
Return on investment Period-8 to 12 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 Momomia 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:
Momomia 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.
Momomia 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 Momomia 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.
Ideal locations include areas with high foot traffic such as shopping malls, commercial districts, and urban centers.
In conclusion, is a Momomia franchise worth the investment? Cost and profit in 2024: The Momomia Franchise is the finest franchise opportunity for people who want to step into the business world as freshmen. The franchise of Momomia is affordable for every entrepreneur and provides a 45% net profit margin, two chefs, training for the staff, the freedom to add other fast food items to the menu, an FSSAI license, and within 8 months, the franchisee can recover the initial investment. Before making a decision, also consider the computation for Momo fast food in your area and the brand charging a 5% royalty for support.
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