Are you looking for a business opportunity in the fast-food industry? Are you confused about which company you should join to make an early profit with a low investment? Look no further. Earlier, Momo was very famous in North India. For the last few years, Momo has become very famous all over India through brands like Wow Momo, Momomia, and others. Now you can partner with Momomia by utilizing the franchise opportunity. Is a Momomia franchise worth the investment? Cost and Profit in 2024: In this, we will discuss how much a Momomia franchise costs, what the profit margin is, what the requirements are, how to get a Momomia franchise, and Momomia the pros and cons.
Table of Contents
About Momomia
Momomia is an Indian fast food brand specializing in momo. Established by Debasish Majumder in 2018. He was working at a bank with a handsome salary. He left his job, followed his passion, and established Momomia as a small food outlet in Guwahati, Assam, within an area of 110 sq ft.
Momomia now has more than 200 food outlets in India and serves delicious, authentic, and unique momos to its customers. It serves a wide variety of momos at affordable prices ranging from Rs 60 to Rs 200 per plate. Now you can be the partner of a well-known brand by following our guidance.
Key Details of Momomia Franchise
- Brand Name: Momomia
- Industry: Fast Food
- Number of Outlets: 200+
- Franchise cost: 7.5 to 10 lakh
- Net Profit Margin: 45%
- Space required: 150 to 300 sq ft
- Royalty Fees: 5%
- Franchise Agreement: 5 years
- Official Website: https://momomiafood.com/
Are Momomia Franchise Costs Within Your Budget?
Momomia is offering franchise opportunities with two franchise models. With the aim of people who have less space and a smaller budget, can afford this business opportunity. Brands offering franchise models are Take Away and Quick Service Restaurants. Let’s break down how much investment is required to afford each model.
Momomia Take Away Franchise Model Investment
Franchise Fee: To acquire the rights to open the takeaway franchise model of Momomia with a brand name and operate franchise outlets under brand support, the franchisee needs to pay 2.5 lakh plus GST to the brand.
Estimated setup cost: To set up a franchise outlet of the Take Away model, it requires 2.4 lakhs and includes interior and exterior design, among other things.
Kitchen Equipment: To set up a kitchen with machinery equipment, it requires 1.44 lakh.
Royalty Fee: For branding, marketing, and ongoing support, Momomia charges a 5% royalty fee.
Staff Salary: To run A take-out outlet requires 3 to 4 employees. The franchisee needs to allocate Rs 58,000 per month for salary.
Working Capital: Until you start making a profit from the franchise outlet, you need to allocate Rs 2 lakh. To cover day-to-day expenses.
Franchise Agreement: Once you become the franchisee of Momomia, you will work under brand support for 5 years.
Total Investment: The total investment required starts The take-away model of the Momomia franchise is 7.5 Lakh. It includes a franchise fee, initial inventory, working capital, setup costs, and others.
| Franchise Fee | 2.5 lakh+GST |
| Estimated setup cost | 2.4 lakh |
| Kitchen Equipment | 1.44 lakh |
| Royalty Fee | 5% |
| Staff Salary | 58,000 per month |
| Working Capital | 2 Lakh |
| Franchise Agreement | 5 years |
| Total Investment | 7.5 Lakh |
Momomia QSR Franchise Model Investment
The total investment required to start the QSR model of the Momomia Franchise is 10 lakhs, including a franchisee fee of 2.5 lakhs, a setup cost of 4.3 lakhs, kitchen equipment costs of 1.85 lakhs, working capital costs of 3 lakhs, and other costs.
| Franchise Fee | 2.5 Lakh +GST |
| Estimated setup cost | 4.3 lakh |
| Kitchen Equipment | 1.85 lakh |
| Royalty Fee | 5% |
| Staff Salary | 73,000 per month |
| Working Capital | 3 lakh |
| Franchise Agreement | 5 years |
| Total Investment | 10 lakh |
Is a Momomia Franchise Worth the Investment?
Sales per month: Momomia ensures each outlet can make sales between 2.4 lakhs and 6 lakhs per month. The sales of each outlet are totally based on the franchise model, operational efficiency, and location of the outlet.
Net Profit Margin: Franchisees of Momomia can expect a net profit margin of 45% on total sales. It means franchisees can earn 45 rupees on rs 100 sale.
Net profit per month: Momomia ensures each outlet can earn a minimum of Rs 65,000 per month and a maximum of Rs 2.6 lakh. It may reach 3 lakh, it depends on your ability.
Return on Investment Period: Within 8 to 12 months, the franchisee can recover the initial investment.
Yes, the Momomia franchise is worth the investment, with the ability to make sales of 2.4 lakhs to 6 lakhs per month and to provide a 45% net profit margin. However, the franchisee can recover the initial investment in 8 to 12 months.
| Sales per month | 2.4 lakh to 6 lakh |
| Net Profit Margin | 45% |
| Net Profit profit per month | 65,000 to 2.65 lakh |
| Return on investment Period | 8 to 12 months |
Requirements to Open Franchise
Investment: The franchisee needs to be financially strong enough to arrange a mid-range investment of 7 to 10 lakhs.
Business Experience: Previous experience in the food industry is beneficial to finding early success in the Momomia franchise. Also, the brand provides complete training for the franchisee and team to operate the franchise outlet.
Required Space: The space required to set up the takeaway model franchise is 120 to 150 sq ft, and the QSR model outlet is 250 to 300 sq ft.
Location: Momomia Franchises can make a profit not only in fashion malls and commercial areas; they can also make a decent profit on the roadside, near schools, colleges, and market areas. Franchisees are free to choose whichever location they want with decent foot traffic.
Required Staff: The take-away model of Momomia requires 4 employees, including 1 front desk executive, 2 chefs, and 1 helper.
The QSR model requires 6 employees, including 1 front desk executive, 2 chefs, 1 helper, 1 waiter, and 1 dishwasher.
Documents and Licenses: For applying for a franchise, the applicant needs to gather identity proof, address proof, financial statements, and others. Also requires some licenses (trade license, shop and establishment, GST registration), and Momomia provides FSSAI licenses.
How do I apply for a Momomia franchise?
Visit the official website: First step, visit the official website of Momomia. Gather details regarding brand and franchise opportunities.
Locate the Franchise Section: Look for the franchise section in the menu bar of the official website. Read the details about what is supported by the franchisee and why to choose the Momomia franchise.
Locate Contact Us: Click on the Contact Us section to find the contact form. Get an answer to your franchise query by filling out that form.
Also, you can directly contact Momomia through a phone call and also through her email address. Phone number: +91-8920246280, and mail ID: info@momomiafood.com.
Momomia Franchise Pros and Cons
Pros
Established Brand: Momomia is a Northeast fast food brand established with 200+ outlets in India. It maintains the same healthy, authentic, and spicy taste all over the outlets.
No need for skilled labor: Momomia supplies all raw materials to each outlet. If you hire a normal chef, it also provides training.
Outlet Setup: Momomia provides a setup manager. The brand takes care of setting up franchise outlets within the setup fee.
Freedom to sell other food products: Franchisees can sell other fast food items along with momos. But Momomia provides raw materials only.
2 Chefs: Momomia provides two well-trained chefs to each franchise outlet.
Tie up with food delivery platforms: Brands can help you tie up with food delivery platforms like Zomato and Swiggy.
FSSAI license: Momomia provides a food and safety license.
Affordable investment: You can start the Momomia franchise with an investment of 7 lakhs, including all costs.
Net Profit Margin: The franchisee can expect a 45% net profit on each sale. So a franchisee can make Rs. 1 lakh per month.
Quick ROI: Within 8 to 12 months, the franchisee can recover the initial investment.
Cons
Royalty Fee: The brand charges 5% on a monthly basis. For branding, marketing, and advertising support.
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Conclusion
In conclusion, is a Momomia franchise worth the investment? Cost and profit in 2024: The Momomia Franchise is the finest franchise opportunity for people who want to step into the business world as freshmen. The franchise of Momomia is affordable for every entrepreneur and provides a 45% net profit margin, two chefs, training for the staff, the freedom to add other fast food items to the menu, an FSSAI license, and within 8 months, the franchisee can recover the initial investment. Before making a decision, also consider the computation for Momo fast food in your area and the brand charging a 5% royalty for support.
FAQ
How much does the Momomia franchise cost?
To start a franchise, Momomia requires an investment between 7.5 and 10 lakhs, including the franchise fee, setup cost, working capital, initial stock, and others.
What is the net profit margin of the Momomia franchise?
As a franchisee of Momomia, you can expect a net profit margin of 45% on each sale.
