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Wow Momo Franchise: Let’s Break Down the Cost, Profit in 2024

Wow Momo, India's leading fast-food chain specializing in momos, has captured the hearts of food lovers across the country. If you are considering investing in a Wow Momo franchise in 2024, this blog will provide you with essential information on costs, profit potential, and how to get started. Additionally, we'll discuss how Tradesworld can assist you throughout the process, ensuring a smooth and successful franchise setup.

Why Choose a Wow Momo Franchise?

Benefits of a Wow Momo Franchise

  1. Established Brand: Wow Momo is a well-recognized and beloved brand in the fast-food industry.
  2. Popular Product: Momos have a wide appeal across various demographics, ensuring a steady customer base.
  3. Proven Business Model: Wow Momo has a successful and replicable business model that minimizes risk.
  4. Comprehensive Support: The franchisor provides extensive support, including training, marketing, and ongoing assistance.

Cost of Opening a Wow Momo Franchise

Starting a Wow Momo franchise involves several key expenses. Here’s a detailed breakdown of the estimated costs:

 

Franchise Fee-25,000 +GST

 

Estimated setup cost-5 to 10 lakh

 

Initial inventory-1 to 5 lakh

 

Working Capital-5 lakhs

 

Royalty fees-No

 

Franchise Agreement-3 years

 

Total investment-8 to 20 lakhs

 

Detailed Cost Explanation

  1. Franchise Fee: This fee grants you the rights to operate a Wow Momo franchise, including initial training and ongoing support.
  2. Infrastructure Development: Costs for setting up the store, including construction, decor, and furnishings.
  3. Equipment and Furnishings: Essential equipment such as kitchen appliances, counters, and seating.
  4. Initial Inventory: Initial stock of ingredients and packaging materials needed to start operations.
  5. Initial Marketing and Promotion: Initial marketing efforts to create brand awareness and attract customers.
  6. Working Capital: Funds to cover operational expenses during the initial months of business.
  7. Tradesworld Service Fee: Charges for Tradesworld’s comprehensive services, including site selection, financing assistance, and project management.

Profit Potential in 2024

A Wow Momo franchise offers significant profit potential due to its popular product and efficient business model. Here’s an overview of the potential financial performance:

 

Total investment-8 to 20 lakh

 

Profit margin-40 to 50%

 

Profit per month-1 to 2 lakh

 

Return on investment-8 to 10 months

 

Profit Calculation

  • Annual Revenue: Total income generated by the franchise in a year from sales of momos and other products.
  • Gross Profit Margin: Percentage of revenue remaining after deducting the cost of goods sold (COGS).
  • Net Profit Margin: Percentage of revenue remaining after all operating expenses, taxes, and interest are deducted.
  • Payback Period: Time it takes to recover the initial investment from the profits generated.

How Tradesworld Can Help

Tradesworld specializes in facilitating franchise setups, providing comprehensive support throughout the process. Here’s how Tradesworld can assist:

Site Selection

Tradesworld helps identify prime locations for your Wow Momo franchise, ensuring high visibility and accessibility. Services include:

  • Market analysis
  • Demographic studies
  • Lease negotiations

Financing Assistance

Tradesworld offers support in securing financing through:

  • Bank Loans: Assistance with loan applications and negotiations.
  • Government Schemes: Guidance through the application process for various government funding schemes.
  • Investor Networks: Connecting franchisees with potential investors.

Project Management

Tradesworld manages the project from start to finish, ensuring timely and cost-effective completion. Services include:

  • Overseeing store setup and installations
  • Coordinating with vendors for equipment and inventory
  • Ensuring compliance with local regulations and franchise standards

How to Apply for a Wow Momo Franchise

Step-by-Step Application Process

  1. Research and Initial Inquiry: Visit the Wow Momo brand's official website or contact their franchise department to gather information. Tradesworld can assist with this initial inquiry.
  2. Submit Application: Fill out the franchise application form available on the Wow Momo brand’s website. Tradesworld can help ensure your application is complete and accurate.
  3. Initial Meeting: Attend an initial meeting with the Wow Momo brand’s franchise team to discuss your interest, experience, and financial capability.
  4. Review and Approval: The Wow Momo brand reviews your application and conducts background checks. Upon approval, you will receive a franchise agreement.
  5. Sign Franchise Agreement: Review and sign the franchise agreement. Tradesworld can provide legal assistance to ensure you understand all terms and conditions.
  6. Training and Setup: Attend the training program provided by the Wow Momo brand. Start the setup process for your store with Tradesworld’s project management services.
  7. Grand Opening: Launch your Wow Momo franchise with marketing support from both the Wow Momo brand and Tradesworld.

Frequently Asked Questions (FAQs)

What are the ongoing fees associated with a Wow Momo franchise?

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.

How much does it cost to open a Wow Momo franchise in India?

The total investment required to start a franchise of  Wow Momo is Rs. 8 to 20 lakhs, covering the franchise fee, store setup, and operating capital.

conclusion:

 

In conclusion, according to  Wow Momo Franchise: Let’s Break Down the Cost and Profit in 2024, the total investment required to open the franchise outlet is 8 to 20 lakhs, with a profit margin of 40 to 50%. Within a year, you will recover the initial investment. For an open franchise outlet, you need to have 250 to 300 square feet of space. The brand will support you in choosing the location and effective marketing. It is a tried-and-true business plan for over 300 organizations operating successfully in India. 

 

Trades World

Joined on 03, Jan 2024  

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