The application procedure has been given below stepwise:
- Visit the official website of the company and read the terms and conditions about the franchise process.
- Fill out the application form with basic details like name, address, investment amount, etc. and submit it.
- Relevant documents will also have to be uploaded, such as Aadhar, PAN, etc.
- After this, verification will be done by Wow! Momo, which can take a few days.
Full Answer
Do Wow Momo give franchise?
The amount of initial investment depends on various factors. Some of which are- where the store is located, area, employees, etc. That said, you can start a Wow! Momo franchise with an initial investment of INR 5 Lakh to INR 10 Lakh.
How much is a wow Momo franchise?
Wow! Momo has a franchise fee of up to INR 25,000 + GST, with a total initial investment range of Rs 1 Lakh to Rs 8 Lakhs. All inquiries for the royalty fees, ad fees, net worth requirements, and liquid cash requirements can be submitted to Wow Momo Foods Pvt.
How many Wow Momo franchises are there?
Wow! Momo is an Indian chain of fast food restaurants headquartered in Kolkata.TypePrivateNumber of locations25 citiesArea servedIndiaKey peopleSagar J. Daryani (CEO) Binod K. Homagai (COO) Shah M. Rahman (CFO) L Muralikrishnan (CMO)ProductsMomo Burger Dessert9 more rows
Who is the owner of Wow Momo?
Having done his schooling from St. James's School, Kolkata & Graduation from St. Xaviers Kolkata, Sagar Daryani & Binod Homagai started Wow! Momo immediately after completion of 3rd Year Final Exams (Even before the results were Out) at the age of 21.
How do I start a momo shop?
Steps to set up a Momo stall BusinessMake a Promising Business Plan. The first thing that you should do is to make a solid business plan for your momo stall. ... Secure your financing. ... Choose the Location. ... Design the Space Layout. ... Determine your Suppliers.
How much a momo stall earn?
Is it lucrative to run a momo stall?Number of momo plates sold~ 35Daily RevenueRs 2000 – 2100Daily Expenses~ Rs 1500Daily ProfitRs 500 – 600Monthly ProfitRs 15,000 – 18,0005 more rows•Aug 31, 2020
Which is the most profitable franchise in India?
Top 10 Profitable Franchise Business Opportunities in IndiaDomino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.Delhivery.Lakme Salon Franchise.More items...•
How much do Chai Sutta bars make?
Chai Sutta Bar Franchise Details For an initial investment of ₹16 lakh, the franchiser anticipates a quick 15 month payback period, and an average of ₹90,000 pm returns every month.
How much does it cost to get KFC franchise?
To start a KFC franchise in India, you may require an investment of 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that meets their guidelines. And there will be a 4-5% royal commission on the actual sales.
Is Wow Momo and wow China the same?
Momo has launched its sister brand Wow! China, a fast-food Chinese cuisine format. The brand opened its first outlet in Kolkata in December.
What does momo company do?
Hello Group Inc (NASDAQ:MOMO) operates as a mobile-based social networking platform.
Who invented momos?
The history of momo in Nepal dates back to as early as the fourteenth century. Momo was initially a Newari food in the Katmandu valley. It was later introduced to Tibet, China and as far away as Japan by a Nepalese princess who was married to a Tibetan king in the late fifteenth century.
How much do Chai Sutta bars make?
Chai Sutta Bar Franchise Details For an initial investment of ₹16 lakh, the franchiser anticipates a quick 15 month payback period, and an average of ₹90,000 pm returns every month.
How much does it cost to get KFC franchise?
To start a KFC franchise in India, you may require an investment of 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that meets their guidelines. And there will be a 4-5% royal commission on the actual sales.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost for Domino's franchise?
Initial franchising fee: The Domino's initial franchise fee is $10,000 for building a new store or refranchising a closed store. Do note that Domino's sometimes charges a "reservation fee" of $25,000. The franchise disclosure document that you receive will have more details on this additional fee.
How to Get Wow Momo Franchise?
The first thing you have to do is, you have to visit the company’s official website.
What are the benefits of owning a WoW Momo franchise?
One of the other major benefits of a wow momo franchise owner is that they get full company support. The company makes sure you learn the tactics of business and run the store properly , which most of the companies do not provide. Additionally, these little initiatives help in drawing more customers and enhance the sales of your wow momo outlet.
How many square feet does a WoW Momo franchise need?
The area you have shortlisted to set up the franchise must be around 250 to 300 square feet. They need sufficient space for the workers to work and roam freely while working.
How many outlets does Momo have?
The company has about 200 outlets across the country covering cities like Delhi, Mumbai, Gurgaon, Bangalore, Kochi, Chennai, Noida, and more. Wow, momo came into existence under the initiative of Binod Homagai and Sagar Daryani in 2008, who are also the alumni of St. Xaviers College, Kolkata.
How many different flavors of momos are there?
Wow! Momo serves tasty momo to its customers. In addition, the brand name justifies the estimated service they provide. Further, they have a menu of 12 different flavor momos including steamed, pan-fried & fried, veg, non-veg, and cheese momos.
What is the name of the fast food center that sells mouthwatering dishes in affordable price range?
If there is one fast food center, all across the country which sells mouth-watering dishes in affordable price range, Wow! Momo is the place that satisfies every need.
Where did Momo start?
The two college friends started their business at Springdale Spencer by selling steamed momos in a 6 by 6 kiosk. The business then flourished to Big Bazaar, then slowly to Spencer’s and other reputed shopping centers of Kolkata. As the company grew, food outlets grew in number and the love for momo spread wholeheartedly among the Indians. Additionally, today, Wow! Momo has over 200 stores in India intending to open over 300 brand new wow momo franchises.
When did Wow Momo start?
They are one of the most popular momo outlets in Nepal and all over India. The company was established in 2008 by Sagar Daryani and Binod Homagai.
How long is a franchise agreement good for?
You get standard franchise agreement at the initial stage. The standard franchise agreement is valid for 3 years or maybe a maximum 5 years.
Is Momo expanding in India?
They are expanding their outlets in each city of India rapidly. Joining their Momo outlet or taking a franchise from them is a lucrative business. Wow momo offers a variety of momos like fried momos pan-fried momos,Thukpa’s, Fish Fingers, Fresh Fruit Juices, Ice -Tea and Peps.
Does Wow Momo have a franchise?
Wow Momo still doesn’t have the direct franchise application platform . But you can reach them via social platform.Please click the social link and send message directly via messenger.They will respond you shortly regarding franchise opportunity. Https://www.facebook.com/WowMomos/.
When was Momo founded?
Momo was established in 2008 by Sagar Daryani and Binod Homagai, graduates of St. Xavier’s college back then. • It started as a 36 sq Ft kiosk in Spencer’s supermarket in Kolkata, turning in monthly revenue of ₹60000 in the first month.
What is a momo?
ABOUT WOW! MOMO. Wow! Momo is an Indian chain of fast-food restaurants specializing in momos, dumplings, the delicacies of Tibet and Nepal, headquartered in Kolkata, West Bengal, India.
How many momos are there in India?
The quality of momos this fast-food restaurant provides has been wanted more than ever by the Indian population, which made it establish 318 outlets in over 16 cities in India, valued at ₹ 860 crores.
Is Wow Momo gluten free?
2) Perks of varying consumer tastes: Wow momo has a vibrant menu for each of its types of consumers from gluten-free, vegetarian to non-vegetarian, so the demand is always met and rising.
What will be the investment for setting up the WOW Momo Franchise?
The total investment for setting up the outlet and the franchise fee ranges from INR 8 Lakhs to INR 20 Lakhs. The range differs from location to location. It also depends on the built-up area as well as the cost associated with that. The staff salary is inclusive in the revenue generated every month. On calculating the revenue every month and deducting all the expenses, you can recover the investment in 9 months. It requires you to be consistent and diligent during the process.
What is the success of Wow Momo?
It is a noticeable thing that Wow Momo’s success is in its innovation. This innovation coupling with the effort and precise execution has made them come a long way. Momo’s different varieties, the quality food ingredients, and fantastic hospitality are key to their success.
Why is Wow Momo named?
Wow, Momo is named for its tasty Momo, they have a lot to be done at the backend to achieve this feat. Success never comes easy, but once achieved, it is better to be a part of the success team, so now go ahead, be a Wow Momo franchise partner.
Where is Wow Momo located?
Starting the first kiosk in Kolkata, Wow Momo has a franchise in Kochi and Chennai. The word spreads, the restaurant is growing day by day. Become a part of it to be the nation’s best fast-food chain of restaurants. Further, the factor that we will see now is not a unique feature but a mantra.
When did Momo start?
It all started in 2008 when two friends thought to create a change in the restaurant industry. Their idea emerged the best. The idea was to make Momo and offer it with a great variety to people. The appealing factor was, it was filling and was also offered at good speed so that the customers saved time. It started in Kolkata first, because that is where they belong. Sagar Daryani and Binod Homagai started this small venture with INR 30000/- as an investment. They worked hard in delivering Momo in a kiosk that worked 6 to 6.
How many outlets does Momo have?
Aim to Increase Outlets: The company is operating in 13 different states in India. They have 200 outlets right now and are looking to expand it further and make 300+ outlets by the end of this year. It means to say; the company is looking at wise and intelligent partners who can run the business successfully. It is a golden opportunity; not many companies offer franchise. Wow, Momo has come up with a massive plan. Be a part of the success team.
How many staff are there in a city?
The minimum count of staff starts from 2 to 5 depending on the locality and the crowd.
About Wow! Momo
Two college friends founded the Wow! Momo chain in Kolkata. Interestingly, the first Wow! Momo was set up with a mere Rs 30,000. To encourage similar budding entrepreneurs, the franchise cost of Wow! Momo is kept low.
Estimated investment and profit margins
The profit margins of a Wow! Momo franchise is dependent on various factors. Some of them are the amount invested, staff employed, rent, etc. Do refer to the below table to know more. Also, it is important to note that these calculations are merely illustrative.
Space required and employees
A typical Wow! Momo outlet would require an area of about 250 to 300 sq ft. Thus, as a franchise owner, your rent outflow is economical. This is the main reason why the franchise cost of Wow! Momo is low. That said, this area should include a kitchen and a counter. Ideal locations include malls, kiosks, tech parks, etc.
Skills required
Wow! Momo has kept the skill-set required to a bare minimum. There are very few strict conditions. For every applicant, the Wow! Momo franchise cost checks for the below skillset:
On-the-job training
Wow! Momo provides adequate on-the-job training. Especially in areas like soft skills, how to deal with customers, how to meet your sales targets, etc. This training is provided to all franchise employees for 2 months. Moreover, they promise 24*7 support and training to support your daily operations.
Benefits of Wow! Momo franchise
The Wow! Momo franchise model offers tons of benefits. The major benefits are listed below:
Enquiry details
We have also listed down their contact details below. If the Wow! Momo franchise cost is acceptable and you are genuinely interested in the Wow! Momo franchise, we suggest you reach out to them via email.
