Wow Momo Franchise Food is a chain of fast-food restaurants from India. They specialize in momos, which are dumplings from Tibet and Nepal. Their headquarters is in Mumbai, Maharashtra, India. They offer 16 different types of momos for both vegetarians and non-vegetarians. This fast-food chain is known as India’s Best Fast Food Franchise and the fastest-growing momo chain. Wow Momo has established 812 outlets in over 18 cities. The value of the business is ₹1860 crores. They also provide 24/7 support to manage Momo Dealer operations. Let’s explore Wow Momo Franchise Cost in India: Fees, Requirements, and the Apply Process.
Wow Momo Fees
Wow! Momo charges a franchise fee of up to INR 25,000 plus GST. The total initial investment for a Wow Momo Food Franchise ranges from 8 to 20 lakh rupees. If you want to know about royalty fees, ad fees, net worth requirements, or liquid cash requirements, you can contact Wow Momo Foods Pvt. Ltd. The franchise lasts for 3 years, and you can renew it at the end. Recently, they got a lot of money from big investors like Tiger Global Management, and there’s talk of them going public soon. Now that you know about the franchise fees for Wow Momo, let’s talk about other important details like requirements and how to apply for a Wow Momo Franchise.
Requirements for Wow Momo Franchise
Area Needed
To open a Wow Momo food outlet, you’ll need a space of 250 to 300 square feet. This space should have a kitchen and a counter for serving customers. The exact size might vary depending on where your franchise is located. You’ll need 2 to 3 staff members to run your outlet.
Skills Needed
People who want to join the Wow Momo franchise should be enthusiastic and eager to grow in the fast food industry. They should be ready to face challenges every day and work well with others. Good communication, cooking, and customer service skills are essential.
Documents Needed
To apply, you’ll need to fill out an online form and provide certain documents:
- PAN card of the owner/owners
- Aadhar Card
- 3 months of account statements in PDF format
- Picture of the shop
- Electricity bill or shop affidavit
- Applicants should have at least passed the 10th grade.
Training Needed
Wow Momo provides two months of training for all franchise employees. This training covers both classroom sessions and on-the-job learning. Employees will learn soft skills, how to handle customers, improve their cooking abilities, and meet sales targets effectively.
Apply Process for Wow Momo Franchise
To start a Wow Momo franchise, follow these steps:
- Go to Wow Momo’s website and fill out the application form. Put in your name, address, and how much you can invest.
- Upload important documents like your PAN card and Aadhaar card.
- Wait for Wow Momo to check everything. This might take a few days.
- Once approved, finish the onboarding process. This means giving them your financial documents and doing KYC.
- Finally, they’ll give you the go-ahead and you can open your franchise!
Benefits of Wow Momo Franchise
Here are the benefits of having a Wow Momo franchise:
- You don’t need a lot of money to start. Just 5-10 lakh rupees is enough.
- You can make a lot of money from this investment. You might earn up to 95,000 rupees every month.
- It doesn’t take long to get back the money you invested. You can do it in 8-9 months.
- After you get your investment back, all the money you make is yours.
- It’s a great chance for anyone who wants to be their own boss and run their own business.
Conclusion
So, we’ve covered everything about the cost of owning a Wow Momo franchise. We’ve found that it’s quite low, which means franchisees can make good profits while the brand keeps growing. This franchise is a great choice for small or medium-sized business owners, especially if they want to expand their businesses. One of its strong points is its active social media team, which always shares the latest offers and deals. Before you make a decision, think about things like the franchise cost, how much you need to invest initially, where your store will be, and what other franchises are available.
