Hello friends, welcome to our website thetrendybusiness once again with a new article. In this article, we will get complete information about How to start the Wow Momo franchise in India?
In this article, we are going to talk about how to start a wow momo franchise in India? Along With how much it costs to start a wow momo franchise in India?, WOW momo franchise profit, and other related topics.
If you want to start a franchise, you need to know all the details. For that If you are going to start their franchise, you need to have enough information about them. So first we will get enough information about Wow Momo franchise.
Table of Contents
Information about Wow! MOMO
Wow! Momo is a chain of Indian fast food restaurants, headquartered in Kolkata. Sagar J. Daryani and Binod K. Homagai founded Wow! momo restaurant in 2008.
At present this Wow! momo restaurant is spread over 13 cities. Its total revenue is around INR 135 crore. A total of 3500 employees are also working in this restaurant.
WOW! Momo has accelerated to Kolkata, Mumbai, Delhi, Noida, Gurgaon, Bengaluru, Chennai, Kanpur, Lucknow, Kochi, Bhubaneswar, Cuttack, Puri, Pune, and Hyderabad. As of October 2018, WOW! Momo has 317 stores throughout thirteen cities in India.
History about Wow! Momo
At the age of 21, the founders of the Wow! momo restaurant, Sagar Daryani and Binod Homagai. While doing his B.Com degree at Xavier’s College, Kolkata College, he started a Wow! momo restaurant with an adventure of Rs 30,000.
In the early days of momo restaurant, Sagar was working on brand expansion and marketing and Binod was working on enhancing and maintaining the quality of products.
Shortly afterward, joined by another college friend Shah Miftaur Rahman, who took care of cost control and finance.
Sagar Jagdish Daryani and Binod Kumar Homagai began promoting steamed momos from their 6 by way of 6 kiosk in Springdale Spencer’s which was once their one of the preliminary keep any other one being kiosks inner hypermarkets of Big Bazaar on hire for a month at 18% income share.
After funding through Tiger Global Management of INR 130cr, the valuation of the employer used to be over INR 860 crores In 2019, which led to opening meals retailers in business places like department stores and tech parks.
Requirements for wow! Momo franchise
If you want to start any business then there are certain requirements of that business. Therefore some requirement is also required for starting this Wow momo franchise in India. About which we will now look further.
- Skills Required
- Area Required
- Regions Of Operations
- Training required
- Minimum Staff Requirement
All of the above requirements will be required for you to start a Wow! momo franchise. We will get enough information about it later. So let’s get started.
For further reading : How to Start a Holistic Wellness & Health Business
Skill is an important factor that is essential for starting any business. You just have to be more discriminating with the help you render toward other people.
Before starting a business it is important to be ready to work with people in the business, to overcome challenges as well as to grow.
This is a fast food and restaurant type business so for this business, you will need cooking, culinary skills, and communication skills, etc.
All you need for a Wow! momo franchise is a kitchen as well as a counter. The kitchen space should be sufficient for this outlet and the counter space should be separate.
Runs even if space is not very compact but I recommend about 200-350 square feet of space as per my opinion. The built-up area may differ depending upon the location of the outlet space.
Regions Of Operations
You can start a Wow! momo franchise at your favorite place. But I would advise you to start it in a place that is good enough for sale. For example, if you live in a rural area, set up in urban areas so that the products can be sold easily.
You can also start in rural areas as urban areas do not matter, All that matters is how much revenue you produce in a day.
If you are able to sell the products easily in rural areas then you can also start your business in your desired location.
According to the Wow! momo franchisor, training is essential to run their franchise, in order to maintain the quality of the original product in its product.
So you don’t have to worry if you don’t have its training because Wow! momo franchise gives you 2 months full training.
In this training, you are taught how to handle customers, soft skills training, how to improve culinary cooking skills, and how to achieve sales goals.
Minimum Staff Requirement
If you can’t handle more staff or don’t want to have more staff then you don’t have to worry because you can start this momo franchise with a staff of at least 3 to 5 people.
So there were minimum requirements that you would need to start a Wow! momo franchise.
How to apply for Wow momo franchise
To apply to Wow! momo franchise you have to contact the franchise team and inquire about the franchise forms, opportunities. So that it will give you enough information.
When you contact the franchise make sure you mention that you are reaching out for the franchise.
In the Wow! momo franchise form you will need to fill in other key information like your mobile number, email address, your location (where you want to start a franchise).
Wow! Momo franchise does not create an official website where you can apply for a franchise. So you have to be able to contact from all different contact sources.
I have given all the contact ways in the table below which you can use to contact to Wow! momo franchise.
|Address||29A/2E/1, Raja Subodh Chandra Mallik Road, Jadavpur, Kolkata|
|Wow! Momo Contact Number||098307 44776|
|Whatsaap Number||+91 98755 31137|
|Facebook Page||Wow! Momos|
|Contact On LinkedIn||Wow Momos Official Page|
|Instagram Page||Wow! Momos|
Here are some of the official links that I have researched. You can definitely get help from him. But you may not be able to get a quick answer from there. For that, I have come up with some solutions.
There is solution that includes COO, CBO, and Franchise Dealers of Wow! There are official accounts of LinkedIn in which you can message them and ask for franchise opportunities.
- Senior General Manager Franchising and Business Development at Wow Momo! – Rahul Chavan
- Co-Founder (COO) at Wow Momo – Binod Homagai
- Co-Founder, CEO at Wow! Momo Foods Pvt. Ltd – Sagar Daryani
- HR Executive at Wow Momo – Wow Momo
- Sr.AVP – (Operations & Business) at Wow! Momo – Raju Nagar
So these were all LinkedIn accounts from where you could ask for a form about the franchise.
WOW momo franchise cost & profit in India
Now we will also get information about what it can cost to start a wow momo franchise in India. The initial cost in India to run this franchise ranges from about Rs. 8 lakh to Rs. 20 lakh.
|Monthly rent cost (300sqft)||₹ 10000|
|Salary paid to (3 employees)||₹ 36000|
|TOTAL EXPENSES||₹ 50000|
The monthly cost of the Wow! momo franchise is shown separately in table above.
From this Wow! momo franchise you can earn ₹ 85,000 per month. So you can earn back your initial investment in the first 9 to 10 months after starting your business.
So you have got complete information about how to start the Wow! momo franchise in India. Along with this you also got other information like Wow! momo, investment, profit, required skill, how to apply, etc.
Now I hope you have found all the information you need and at the same time this article has been helpful to you. So stay tuned to this website to get such helpful and interesting articles every day.
But if you have any questions related to this article, you can comment in the comment box.
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My name is Dhruv Vagadiya. I am an Indian blogger and pursuing the computer science field in L.D. College of Engineering.
I am the CEO of thetrendybusiness.com website. I like to write and aware you about different business ideas.