Wow Momo Franchise Cost, Profit and How to Apply in 2024

Are you looking to start your own business in the food sector with a trendy franchise? Your search ends here with Wow Momo!, a franchise opportunity for aspiring entrepreneurs. Explore Wow Momo Franchise: Let’s Break Down the Cost, and Profit in 2024, covering everything from costs and profits to the application process and opening your own business. Get the complete information you need to kickstart your food franchise journey.

About Wow Momo

Wow Momo was established on August 29, 2008, in Kolkata by classmates Sagar Daryani and Binod Homagai. In their final year of graduation, they decided to give consumers experience, not just momo, so they simply called Wow! Momo.

In addition to cheese momos, the Wow momo company has experimented with creating aubergine, butter masala momo, Darjeeling momo, and sizzlers. The ideal one is Moburg, which combines momos and burgers, it is the one creative invention that worked out well for everyone.

​Today, Wow! Momo has more than 600+ stores in 25+ cities, and their enthusiasm for what they do is still going strong!

Key points of Wow Momo Franchise

How Much Does the Wow Momo Franchise Cost?

The total investment of the Wow Momo franchise falls in the range of 8 to 20 lakhs. This investment covers franchise fees, setup costs, initial inventory, and other expenses. Here is the cost breakdown of the Wow Momo Franchise:

Franchise Fee: To become a franchisee of Wow Momo, you need to pay 25,000 plus GST to the brand. This fee grants you the right to operate under the Wow Momo brand and business model.

Estimated Setup Cost: Setting up your Wow Momo outlet costs 5 to 10 lakhs. This involves various expenses like interior decoration, furniture, equipment, signage, and other infrastructure. This cost varies depending on factors like location, size, and specific requirements.

Initial Inventory: Stocking up on initial inventory is essential to kickstarting your Wow Momo business. The franchisee needs to purchase 2 to 3 months of stock as initial inventory. This requires an investment of 2 to 4 lakhs.

Working capital: for other miscellaneous expenses like employee salaries and others. The franchisee should have around 5 lakh for these expenses until your franchise outlet starts to make a profit.

Royalty Fees: Wow Momo is not charging any franchise fee for the franchise for marketing, branding, and ongoing support.

Franchise Agreement: The franchisee and Wow Momo partnership period is 3 years. If you want to continue for more years, you have renewal options.

The cost of a Wow Momo franchise can vary based on several factors, including the location, size of the outlet, and operational efficiency. To get precise and location-specific information about the franchise cost, I recommend reaching out directly to Wow Momo.

How Profitable is Wow Momo Franchise?

Profit Margin: As a franchisee of Wow Momo, you get an impressive profit margin of 40% to 50%. This means a significant portion of the revenue generated from sales translates directly into profit for the franchisee, which ensures healthy returns on investment.

Profit per month: Wow Momo franchisees can generate monthly profits ranging from Rs 2 lakhs to Rs 3 lakhs. After deducting all expenses.

Return on Investment: Within 12 to 18 months, franchisees can recoup their initial investment.

What are the Eligibility Criteria for getting a Wow Momo Franchise?

The franchisee must be at least 21 years old.

A minimum qualification of 10th grade is necessary.

Having experience in the food industry or retail sector can be advantageous.

Ensure you have the financial capability to invest a minimum of 8 to 20 lakh in the franchise and run the business effectively.

Franchisees or employees need to undergo training for 2 months provided by Wow Momo to understand the operating system, products, and brand standards.

Be committed to following the franchisor’s guidelines and maintaining quality standards.

Requirements to open Franchise

Investment: The total investment required to start the franchise is 8 lakhs to 20 lakhs, covering the franchise fee, store setup costs, and operating capital.

Employees: The franchisee needs to hire 3 to 4 employees to manage daily store operations and customer service.

Agreement:  The franchisee needs to sign a 3-year renewable franchise agreement with Wow Momo.

Training: Wow! Momo provides two months of training to staff or franchisees this depends on you. This is how to run a Wow! Momo stores, product knowledge, customer service abilities, and general business administration.

Business experience: Prior experience in the food industry is beneficial but not mandatory.

Required Documents

Franchise Agreement Form: This agreement covers terms and conditions for the franchisee and has an agreement period of 3 years.

Business Plan: It outlines what’s your approach or strategy towards the operating outlet of Wow Momo. This contains marketing and sales strategy, financial projections, the management team, and more.

Proof of Identity: government-issued documents like a passport, driver’s license, or Aadhar card.

Proof of Address: This is for verifying your residential or business address, such as utility bills or rental agreements.

Financial Documents: bank statements, income tax returns, or other financial documents.

NOC from the Landlord: Obtain a No Objection Certificate (NOC) from the owner only if you are taking land for lease.

Photographs: Recent passport-size photographs of the franchise owner(s).

GST Registration: A valid GST (Goods and Services Tax) registration number for tax compliance purposes.

FSSAI License: A Food Safety and Standards Authority of India (FSSAI) license.

Required location to open outlet

Accessibility and a high volume of foot traffic locations like shopping malls, near schools, colleges, commercial areas, and others are good to open Wow! Momo franchise.

A franchise should have between 250 and 300 square feet of area.

What makes the Wow Momo franchise a good option?

Scale-Established Brand Presence: Wow! Momo, founded in 2008, is a well-established brand in the food industry. Currently, it has over 300 outlets in 25 cities. It is the most trusted brand that easily attracts customers.

Marketing: Franchisees will benefit from Wow! Momo’s national marketing campaigns and brand-building efforts. 

Proven Business Model: Wow Momo offers a proven business plan, well-structured operating procedures, and comprehensive training. 

Ongoing Support and Training: Wow! Momo provides complete support, including in-field assistance, corporate guidance, and others. The brand provides training for two months.

Profit Margin: Franchisees can expect a profit margin of 40 to 50% of the total revenue. Within 1 year, you can recover your initial investment of 8 to 20 lakhs.

How do I apply for a franchise with Wow Momo?

1. Visit the Official Website: Go to the official Wow! Momo website.

2. Read the details and scroll down to locate the section “Get in touch” You will find the contact form.

3. Complete the Contact Form: Fill in the contact form with accurate personal details. Include your name, mobile number, email, and specific queries related to franchise opportunities.

4. Submit the Form: Once you have provided all the required information, submit the contact form.

5. Wait for a Response: After reviewing your application, the Momo team will get in touch with you to discuss potential franchise opportunities. During this time, please be patient as it can take a few days or weeks to hear back.

Is Wow Momo Franchise a Recipe for Success? Exploring the Pros and Cons

Pros:

Brand recognition: Wow Momo is a well-established brand with a loyal customer base.

Growing Market: The demand for fast food, especially momos, is rising in India. Currently Wow Momo is 600+ outlets

Diverse Menu: Besides momos, Wow Momo offers a variety of other items like thukpa, fried rice, and more. This variety menu attracts customers.

Training and Support: Franchisees receive training and ongoing support from the company, including assistance with marketing and operations.

Profit Margin: As a Franchisee of Wow Momo you can expect a profit margin of 40 to 50%.

Quick ROI: Within 1 year you can recover the initial investment spent on starting the Wow Momo franchise outlet.

Cons:

High Initial Investment: The investment required for a Wow Momo franchise can be substantial, including shop setup, equipment, and working capital.

Competition: The fast-food industry is highly competitive. Franchisees need to differentiate themselves and adapt to changing market trends.

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Conclusion

In conclusion, according to Wow Momo Franchise: Let’s Break Down the Cost and Profit, the total investment required to open the franchise outlet is 8 to 20 lakhs, with a profit margin of 40 to 50%. Within a year, you will recover the initial investment. For an open franchise outlet, you need to have 250 to 300 square feet of space. The brand will support you in choosing the location and effective marketing. It is a tried-and-true business plan for over 600 organizations operating successfully in India.

Wow Momo Franchise Image Gallery

FAQs

Disclaimer: We’re not offering franchises; we’re providing information on how to get one. Details on Wow! Momo franchise, including cost and profit, are for informational purposes. For accurate and updated information, please contact Wow! Momo directly. They may change aspects, so use this as a guide.