WOW MOMO BRAND OVERVIEW:
In this blog we are going to answer how to get Wow Momo Franchise about This is an Indian fast food restaurant retain chain started by two co-founders Binod Homagai and Sagar Daryani in the year 2008, they introduced various types of momos the first outlet was opened at Springdale Spencer market at Kolkata, India with expanding wow momos outlets in crowded places like malls, retail markets, domestic tourist attraction locations and other commercial places in the city.
|S.No||Table Of Content|
|WOW MOMOS BRAND OVERVIEW:|
|WHY YOU SHOULD OWN A WOW MOMO FRANCHISE IN INDIA|
|LIST OF CITIES|
|TYPE OF PROPERTY SUITABLE|
|LIST OF AWARDS WOW MOMO HAVE WON|
|USP OF WOW MOMO|
|SKILL REQUIRED FOR RUNNING OUTLET|
|TERMS AND CONDITIONS OF FRANCHISE|
|SOME FACTS ABOUT|
|LIST OF SERVICE OFFERED|
|WOW MOMO FRANCHISE VIDEO|
AREA REQUIREMENTS FOR WOW MOMO FRANCHISE
To open a wow momo franchise a commercial shop with area 250-300 Square feet and its front should be road facing.
a sum of ₹8,00,000 to ₹20,00,000 is required for establishing shop interiors and buying basic equipment for starting wow momos franchise I tried my best to find out the actual franchise fees but not relevant information is available on the internet.
As depending upon the working capacity an average of 2 to 5 well-trained staff members should be appointed to maintain smooth functioning.
WHY YOU SHOULD OWN A WOW MOMO FRANCHISE IN INDIA:
- The average price of each food item is 50-300 which may be affordable by everyone.
- The main benefit is that it was able to generate overall sales of 100-120 crore in the previous year and currently they are estimating sales of 200 crores.
- Your chances of recovering the whole investment are really high.
- All of their food items are acceptable by the Indian audience.
- You don’t need to invest money for marketing your shop a those who have previously tasted this brand’s food will automatically come to your store.
An average restaurant staff member can acquire basic knowledge in just 2 months of on the job working and training. which include customer handling, ability to increase overall sales while maintaining reduced cost and high-quality food.
LIST OF CITIES WHERE WOW MOMO FRANCHISE STORES ARE AVAILABLE:
Delhi, Kolkata, Bangalore, Lucknow, Chennai, Pune, Kanpur, Gurugram, Noida, Bhubaneswar, Kochi, and Cuttack.
TYPE OF PROPERTY SUITABLE FOR WOW MOMO FRANCHISE
If you are the rightful owner of the property then you must the details such as Complete Address, is it commercially approved or not and in case of rented or leased accommodation franchisee is required to submit a copy of the agreement between him and landlord.
LIST OF AWARDS WOW MOMO HAVE WON
Following is the list of 3 awards which wow momos have won
- Best Unique Retail Concept Award
- Best Dim-sum product chain
- Coca Cola Golden Spoon Award
USP OF WOW MOMO
Indian people love eating fast food in each and every corner of the country and momos is a type of food item which can be served in just one minute only because it is prepared before serving wow momos offer a wide range of unique types of momos to its customers and one of the best selling are steamed momos, deep-fried momos, tandoori momos, etc depending upon the customer preference.
They are also famous for offering a hybrid type of dish called momo burger, with continuous development and innovation its food item’s taste is common at all outlets.
If your franchise is situated a good location where is a high possibility of earning sales around ₹3,00,000 to ₹4,00,000 in a month.
Following are the expenses for running Wow Momo Franchise
- RENT: For a decent shop having area 200 sq ft is ₹15,000 to ₹25,000 depending upon market rates.
- SALARIES: The starting pay for a well-trained employee in the hotel industry is ₹10,000 PM accordingly salary for 4-5 staff members is ₹40,000 to ₹50,000
- ELECTRICITY: The commercial rate for calculating electricity is ₹11 per unit and an average of 273 units will be consumed costing ₹3000 only.
SKILL REQUIRED FOR RUNNING WOW MOMO OUTLET
A Restaurant business will be a success only when the owner has sufficient cooking, administrative, and financial skills to run the enterprise. and its employees should be well qualified. along with they should use other resources effectively and efficiently.
TERMS AND CONDITIONS OF FRANCHISE
Generally wow momo offer franchise for 3 years and maximum 5 years and after the franchise duration is over you can also renew it
SOME FACTS ABOUT WOW MOMOS
- The company is currently employing 3500 employees as 2019
- Annual Sales of ₹1,30,00,00,000(135 Crore Rupees)
- The Companies Net Worth is around 860 Crores
- Headquater is situated at Kolkata.
- Tiger Global has invested 130 crores in this brand.
LIST OF SERVICE WOW MOMO OFFER
The following is the list of services which wow momo can offer to its customers Delivery, Catering, birthday and anniversary parties, etc with flexible modern ways of payments such as Paytm, PhonePe, Debit and credit card swipe.
WOW MOMO FRANCHISE VIDEO
I hope your query is solved by reading this blog and if you want to give any suggestions tell us in the comment section
Last Updated: 11 May 2020,Time: 12:9:45 PM
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