Are you looking to start a fast-food franchise in India with an affordable investment? Everyone likes to eat healthy, hygiene-friendly, and low-priced momos. By considering this query, The Craving Momo is fulfilling this wish. Now you can be a part of this. Yeah, you are right. The Craving Momo is offering a franchise opportunity. Now you can be a partner of this brand by following this article. “Can You Make a Profit with The Craving Momo Franchise? In 2024” in this we discuss How much does The Craving Momo franchise costs, what is the profit margin, What are the requirements to start, How to get The Craving Momo franchise, and The Craving Momo Franchise Pros and Cons.
Table of Contents
About The Craving Momo
The Craving Momo Indian Fast Food Brand was established by Aditya Naringrekar. With 5 years of
experience in the fast-food industry. It is recognized and loved by customers across various regions and ensures a hugely loyal customer base.
The Craving Momo menu offers a variety of Momos, it also serves pizza, burgers, French fries, sandwiches, and shakes. The Craving Momo is not only serving delicious fast food; it is also encouraging and supporting entrepreneurship. With that aim, it creates business opportunities by providing franchise opportunities with an affordable investment that even middle-class people can afford. Be the next boss of the Craving Momo franchise outlet.
Key Details of The Craving Momo Franchise
- Brand Name: The Craving Momo
- Industry: Fast Food
- Franchise cost: 8 to 15 lakhs
- Profit Margin: 30 to 40%
- Space required: 100 to 250 sq ft
- Royalty Fee: Zero
- Franchise Agreement: Life Time
- Official Website: https://thecravingmomo.in/
The Craving Momo Franchise Cost and Area Requirement
The Craving Momo is offering two franchise models while keeping location in mind. These two franchise models are budget-friendly and set up outlets with less area. Franchise models are the take-away model and the dine-in model. Let’s break down the required investment and area.
The Craving Momo Take-Away Franchise Model
Franchise Fee: The brand charges a 1 lakh franchise fee to provide the rights to open a franchise outlet with the brand name and complete support from setting up the outlet to making your business profitable.
Kitchen Equipment: The franchisee needs to allocate Rs. 2 lakhs for setting up the kitchen with machinery equipment.
Marketing Cost: The brand charges a 5% monthly marketing fee for helping with branding, marketing, ongoing support, national ad campaigns, and local advertising.
Working Capital: You need to allocate Rs. 4 lakhs for day-to-day operations and employee salaries. This investment is required until the 3- to 4-month breakeven point. After this franchise, the outlet will be profitable.
Area Required: Set up The Craving Momo Take Away model requires a small area of 100 sq ft.
Franchise Agreement: Once you become the franchisee of The Craving Momo, you will be working under brand support for a lifetime.
Total Investment: The total investment required to start the Craving Momo Take Away franchise is 8 to 12 lakh, including the franchise fee, setup cost, kitchen equipment, working capital, and others.
| Franchise Fee | 1 lakh |
| Kitchen Equipment | 2 lakh |
| Marketing Cost | 5% |
| Working Capital | 4 lakh |
| Area Required | 100 sq ft |
| Franchise Agreement | Life Time |
| Total Investment | 8 to 12 lakh |
The Craving Momo Dine In Franchise Model
Franchise Fee: To acquire the rights to open the Craving Momo Dine-in Franchise model and operate franchise outlets under brand support, you need to pay 1 lakh as franchise fees.
Kitchen Equipment: For setting up the kitchen and purchasing machinery equipment to cook momo, pizza, and franchise fries, a 2 lakh investment is required.
Marketing Cost: For branding, marketing, local advertising, and ongoing support, The Craving Momo charges 5% marketing fees on a monthly basis.
Working Capital: To cover day-to-day operations, employee salaries, and other expenses, it requires a 6 lakh investment.
Area Required: To set up, the Craving Momo Dine-In franchise model requires a 250-square-foot area, including front space, kitchen area, billing area, and sitting arrangement.
Franchise Agreement: The franchise agreement’s time frame is a lifetime.
Total Investment: To start the Dine In franchise model of The Crabving Momo, it requires an investment of between 12 and 15 lakhs. This includes the franchise fee, initial inventory, setup cost, working capital, and others.
| Franchise Fee | 1 lakh |
| Kitchen Equipment | 2 lakh |
| Marketing Cost | 5% |
| Working Capital | 6 lakh |
| Area Required | 250 sq ft |
| Franchise Agreement | Life Time |
| Total Investment | 12 to 15 lakh |
Can You Make a Profit with The Craving Momo Franchise?
Yes, you can make a profit with the Craving Momo franchise with a decent profit margin and higher revenue per month. The Brand Doesn’t charge any share of the total revenue of the franchise outlet, excluding only 5% marketing fees. Compared to other fast food brands, the price tag on food items is very low the food item price starts at Rs 20 with no compromise in quality, quantity, or hygiene.
Revenue Per Month: The revenue of the Craving Momo franchise models is 10 to 15 lakhs per month, based on the franchise models.
Profit Margin: The profit margin on most of the products from the Craving Momo franchise is between 30 to 40%.
Return on Investment: The franchisee can recover the initial investment within 18 to 24 months with a 30 to 40% profit margin. The Franchisee starts making a profit after the 3-month break-even point.
| Revenue Per Month | 10 to 15 lakhs |
| Profit Margin | 30 to 40% |
| Return on Investment | 18 to 24 months |
Requirements to Open Franchise
Age and Qualification: The applicant must be 21 years old, and at least a PUC-passed qualification is required.
Investment: To start a franchise of The Craving Momo, you require only 8 lakhs, which includes all costs from purchasing rights to start making a profit from the franchise outlet. The franchisee needs to be strong enough to arrange 8 lakhs.
Business Experience: If you have 2 to 3 years of experience in the retail or food industry, it is beneficial to operate a franchise outlet hassle-free. But no need to worry; prior experience is not mandatory. The brand provides complete training for franchisees and staff.
Required Space: To set up franchise models of The Craving Momo, it requires 100 to 250 sq ft based on franchise models.
Location: For franchise models of The Craving Momo, you need to choose high-foot-fall locations like fashion malls, commercial areas, and Markert areas. It also makes a good profit near schools and colleges. You can generate more profit at city locations.
Required Staff: To operate franchise models, it requires 2 to 6 employees. These employees will be trained by the brand.
How to Get a The Craving Momo Franchise?
Visit the official Website: First Step visit the official website of The Craving Momo and read the required details of the brand.
Locate franchise section: Look for the franchise section on the menu bar of the official website. Click on it and read the information about franchise opportunities.
Fill the franchise Application: Scroll down, and you will find a franchise application fill it the form with your personnel details and location details.
Submit the Form: Recheck the filled details for accuracy then submit it.
Wait for the response: The franchise team will review your application this may take a few days if you are eligible to get a franchise brand. You should be patient until you get a response from the brand.
Email ID and Phone Number: For franchise-related queries, you can directly contact them through phone number 9768981015 and email ID thecravingmomo@gmail.com.
Should You Invest in The Craving Momo Franchise? Here’s What You Need to Know
Pros
Pocket-friendly Food Price: Craving Momo fast food items like pizza, burgers, French fries, and Momo are priced between Rs 60 and Rs 120, whereas other brands sell for Rs 200 to 250.
Menu varieties: The Craving Momo menu offers 100+ food varieties, with a starting price of Rs 20. The franchisee also has full freedom to change the menu items based on location and trend.
Chef Less Model: The brand provides all raw materials; it doesn’t require a chef; even a franchisee can cook the food items, or he can hire employees to operate the outlet.
Comprehensive Training: The brand provides complete training to the staff to run franchise outlets hassle-free.
Low-Cost Franchise: With an investment of Rs 8 lakh, an applicant can start his own franchise outlet with The Craving Momo brand support
No royalty fees: The Craving Momo doesn’t charge any royalty fees for the franchisee.
Interior and Exterior Design: The brand will setup the complete interior and exterior design of the franchise outlet.
Online food delivery: It will help you tie up with online food delivery platforms like Swiggy and Zamato.
Ongoing Support: The brand provides complete ongoing support in case you have any problems in the future, which will help you resolve them.
Cons
Competition: Already, big brands have acquired the fast-food market. With a unique feature of low-priced food, you have to wait until people taste your food items and trust your brand.
Marketing Fees: The brand is charging 5% marketing fees for the franchisee.
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Conclusion
In conclusion, can you make a profit with the Craving Momo franchise? In 2024, The Craving Momo is an excellent franchise opportunity where anyone can make a profit. With a low investment of 8 lakhs, you can start the business with no royalty fees, a 30 to 40% profit margin, a chef-less outlet, raw material supply, complete training for the employees, exterior and interior design, and help in tying up with online food delivery platforms. With all these benefits, it is a must-choice for those who want to start their first business. Also, consider competition for fast food in your location.
FAQ
How much does the Deos The Craving Momo Franchise cost?
To open a franchise of Craving Momo requires an investment between 8 and 15 lakhs in a franchise model. It includes a franchise fee, setup costs, working capital, and others.
What is the profit margin of the Craving Momo franchise?
As a franchisee of Craving Momo, you can expect a profit margin of between 30 and 40% on each sale.
