One of the most profitable industries in India today is the food industry. In fact, people today are crazy for momos. But, keeping in mind the hygienic condition and good quality food, they prefer to buy from brands. So, one of the best opportunities is to get the WOW momo franchise.
Requirements for Wow Momo Franchise
Space Requirement: The minimum area required to set up a WOW momo franchise is 200-250 sq ft. as prescribed by the company. But make sure that the location you select has a good footfall of youngsters.
Investment Required: The minimum investment required to buy a WOW Momo Franchise is Rs.5 Lacs to Rs. 10 Lacs. Further, it can even range up to 25 lacs if you want to do it on a large scale.
Worker Requirement: You will need at least 2-3 helpers because the franchise has a very good name in the market and the business will have continued orders. Therefore, it can become hard for you to manage it alone without any help.
- ID Proof: Aadhaar Card, Pan Card, Voter Card
- Address Proof:- Ration Card, Electricity Bill
- Bank Account With Passbook
- Photograph Email ID, Phone Number
- GST Number
Steps to Apply for WOW Momo Franchise
To apply online for the WOW Momo Franchise, follow the steps given below:
- Firstly, you have to get the business registered under your name on MCA to buy a franchise. It helps with opening a business bank account and buying the franchise easily. Therefore, you must first go for Company Registration.
- After that, go to the official website of WOW Momo Franchise.
- Secondly, Scroll down and you will find an option to apply online for WOW Momo Franchise.
- Thirdly, fill the form with all the relevant details asked. For example, name, email, phone number, pin code, state, investment estimate and anything else you want to add to your query.
- After that, click on submit.
- Next, an executive will call and reach you via the contact details provided. They will further help you with the procedure to buy the WOW Momo Franchise.
Earning Within WOW Momo Franchise
Suppose, on average 60 people are going to order per day and the average selling price of your item is Rs.150.
So, the total selling price of 60 × Rs. 150 = Rs.9000 in a day. Meanwhile, Rs 9000x 30 days = Rs 270000 a month.
- So your monthly gross income will be 135000 INR (50% of 270000)
- The actual profit will be Rs.135000 – Rs.50000 = Rs. 85000 per month.
As a franchise owner in this business, you can recover your entire investment amount within a time frame of 9 to 10 months maximum.
WOW Momo restaurants Franchise India Expansion Location
- North: Delhi, Uttar Pradesh, Haryana, Himachal Pradesh, Punjab, and Uttaranchal
- South: Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
- East: Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
- West: Gujarat, Rajasthan, Maharashtra, Goa
- Central: Chattisgarh, Madhya Pradesh, Bihar, Jharkhand
- Union Territories: Pondicherry, Chandigarh, Lakshadweep, Daman, and Diu Jammu, and Kashmir.
Benefits of WOW Momo Franchise
- It is a budget-friendly eatery.
- Requires less investment and has high-profit potential.
- The company has a good name and therefore has a large consumer base from the start.
- The investment can be recovered within 8-9 months.
- WOW, Momo is a first-of-its-kind brand that promotes street food.
- WOW, Momo keeping in mind the overall hygiene and health factors.
- The company differs in views, market dynamics and Provides food according to consumer sentiments.
- From a single outlet to 200 plus outlets, the journey speaks volumes about the hard work, business acumen, and insight of its founders.
- The company works with a workforce of 2000 plus employees,
- The company has fourteen food items on its menu, which are much liked by the customer.
- WOW, Momo Foods Pvt Ltd has expanded not only through its self-owned outlets but also through a franchise model,
- Wow! Momo aims to do a Rs 1000 crore business in the future and penetrate deeper into the consumer market.
Mandatory Skills Requirement
WOW Momo Franchise requires the bare minimum skills. There are very few severe circumstances.
The WOW Momo franchise requires the below-mentioned details to pass the application:
- Somebody with powerful communication and interpersonal abilities.
- You will be preferred if you have worked with other diners or have a culinary background.
- One must have completed secondary education.
- Should be passionate about food and have a firm urge to be part of a multinational brand.
The WOW Momo Franchise provides sufficient on-the-job activity training. Particularly in areas like soft agilities, customer relationship and how to meet your sales targets.
They train all franchise employees for 2 months.
Moreover, they swear 24*7 aid and training to sustain your daily processes.
Above all, all these training and support costs are included in the franchise cost itself.
Thus, you will not have to pay anything additional for training and help. It is actually a great quality of this franchise model.
For your help, here we have also mentioned down the contact details below.
Therefore, if the WOW Momo franchise cost is satisfactory and you are inquisitive in the WOW Momo franchise, we recommend you contact them via email.
- Email: support@Wow!momofoods.co.in
- Mobile: +91 9831621886
- Address: Raja Subodh Chandra Mullick Road, 24 Shyama Pally Kolkata, West Bengal – 700032 India
History of WOW Momo Franchise
WOW! Momo is an Indian chain of fast-food restaurants headquartered in Kolkata. It was founded in 2008 by St. Xavier’s College alumnus Sagar Daryani and Binod Homgai. As of March 2021, the company has around 350 outlets in 17 cities in India. The company also aims to have an IPO in a few years with Plans to establish a global foothold.
And the company has to give good competition to a company like Domino and McDonald’s. To increase its network, the company is opening more and more branches, for which the company is giving its franchise. If any person wants to open fast-food restaurants. So that’s Wow! You can take Momo Franchise and can earn good money in this business.
Frequently Asked Questions
- How plenty earnings can I assume to earn?
The real earnings might rely on your location, employees, lease and different expenses. That said, a properly operated WOW Momo franchise can earn around INR eleven Lakh- to twelve Lakh earnings in keeping with the year. This more or less interprets to INR 1 Lakh of earnings in keeping with the month. Also, profitability in large part relies upon the franchise price that has been incurred at the Wow! Momo outlet.
- Is there any registration fee?
Yes, Wow! Momo prices a registration rate of INR 25,000 + GST. This rate isn’t the same as the franchise price of Wow! Momo.
To conclude, you can go for company registration in Mumbai or Bangalore.