If you are looking for low budget investment, but chief return values then wow momo franchise is an ideal investment option for you. Fast food is the biggest growing chain in the food business. And with the widening fame of Momos, corporations like Wow! Momo is making exceptional capacity in the field.
People in India receive their affection for a diversity of meals. Among the boundless spectrum of cuisines, the Chinese menu is exceedingly popular among Indians. Also, People love eating all Chinese food items like noodles, chow, Manchurian, etc. But specific Chinese food that experiences exceptional attention is Momo. Momos are the absolute end for any food lover. As a result, you will not encounter any individual indifferent towards Momo—it is consistently a cherishable preference!
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.
Wow! Momo is a quick-service restaurant (QSR) based on Kolkata, West Bengal. It specializes in selling momos, also called dumplings in regions of Nepal, Bhutan, and Tibet. The company has gained enormous popularity among the momo lovers with its authentic taste and high-quality customer service.
However, in today’s article, we will take a thorough analysis into specializing business with the Wow momo franchise.
Benefits of Starting Wow Momo Franchise
There are a lot of profits to spend in a wow momo franchise. Choosing a business with an established brand name is a beneficial step towards entrepreneurship. It has a unique brand of identity in the market. Compared to other fast-food restaurants in India, the wow momo franchise requires low investments. The return policy for wow momo franchise is much high in compared to other fast food companies in India.
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.
The Demand for WOW MOMO
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.
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.
WOW Momo Menu
Wow! Momo has a wide range of momos for momo lovers. Starting at regular steamed and pan-fried momos, they have stretched their range to burger momo, cheese and chicken momo, chocolate momo over the years.
The list doesn’t end here. Other varieties of Tibetan food like Thukpa, soup, and noodles also is a part of their menu to serve the cravings of Wow! Momo customers.
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Why Start WOW MOMO Franchise
Since the inception of wow momo is 2008, the company has received various awards for vigorous service in the field. It received the Best Dim-sum Product Chain at the Indian Restaurant Congress Award. Besides that, the company won the Best Unique retail Concept Award at the Image retail award in the year 2017. It has also received Quick Service restaurant award Indian origin in the year 2018 at the Coca-Cola Golden Spoon award. At the same award function, the company also won the Best Innovation in Store Design award.
With all these achievements, investing for wow momo franchise is a grand opportunity for a businessman. The love for Momo will never decrease among the customers, so the investment is never really going to be in vain. However, if you are planning to invest for a franchise, close your eyes and go for a wow momo franchise.
How to Get Wow Momo Franchise?
To own a wow momo franchise, go through certain steps that are below:
- The first thing you have to do is, you have to visit the company’s official website.
- You will find a franchise guideline there. Go through the terms and conditions. This will help you get a fair idea of learning about the company and its franchising process.
- Now, submit your name, email ID, phone number on the wow momo website.
- Finally, the company office staff will contact you to get in touch with the details you have given.
#1. Eligibility Criteria
However, to become a wow momo franchise owner, there is a certain requirement from the company. 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.
Besides the sufficient working space, the wow momo franchise needs over 3 to 5 employees to work for a store.
#2. Investment Required
Another equally important factor is the starting investment for any franchise. The total investment of a person for wow momo franchise outlet is from 8 lakhs to 20 lakh rupees. Also, the investment depends on the city location and size of the outlet.
#3. The Profit Potential of Wow Momo Franchise
When talking about popular and pre-established brands like wow momo, franchisors will have a certain amount of monetary benefits? Also, the owner of a wow momo franchise can expect a profit of 95,000 rupees per month. Moreover, it will take 8-9 months in total to earn back the initial investment money for the wow momo franchise.
Let’s do a fair calculation to understand the profit of the wow momo franchise clearly.
|The total investment needed||Rs. 8,00,000|
|Monthly rent for a 300 sq. Ft area||Rs. 10,000|
|The total salary paid to 4 employees||Rs. 40,000|
|Other expenses–||Rs. 5000|
|Total monthly expense =||Rs. 55,000|
|No. of customers each day–||50|
|Average amount order for 1 customer–||Rs. 200|
|The total investment needed—||Rs. 8,00,000|
|Daily income from wow momo franchise–||Rs. 10,000|
|Total monthly income from the outlet =||Rs. 3,00,000|
|Gross Profit||Rs. 1,50,000 (50% of Rs. 3,00,000)|
|Total profit||(Rs. 1,50,000 – Rs. 55,000) – Rs. 95,000|
If you think of talking to a company official for some special or any detailed inquiry, we have the contact information for you. Also, the company staff is always happy to help!
The contact number for Wow! Momo – 09830744776
The official address of Wow! Momo is –
29A/2E/1, Raja Subodh Chandra Mallik Road, Jadavpur, Kolkata.
Wow! Momo serves its customers in the form of mini stalls, maxi stalls. Cloud kitchens and outlets in different food courts.
With its immense successful business, Wow! Momo is allowing you to be a part of this community and grow your roots in their fertile soil. Therefore, the company provides a lot of ease to their employees and franchisors in minimum investment and high, everlasting return policy.
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.