Wow Momo Franchise: Costs and Process to Apply

Discover the costs and steps involved in opening a Wow! Momo franchise. Learn about the initial investment, franchise fees, requirements, and a step-by-step guide to becoming a Wow! Momo franchisee.

How Much Does It Cost to Open a Wow! Momo Franchise?

Opening a Wow! Momo franchise is an exciting opportunity for entrepreneurs looking to enter the Quick Service Restaurant (QSR) industry. Here’s a breakdown of the associated costs:

• Franchise Fee: INR 25,000 + GST
• Initial Investment Range: INR 1 Lakh to INR 8 Lakhs
• Additional Costs: Details on royalty fees, ad fees, net worth requirements, and liquid cash requirements can be obtained from Wow Momo Foods Pvt. Ltd.

To get the most accurate and up-to-date information, it’s recommended to directly contact the Wow! Momo franchise team.

Franchise Cost Breakdown

The total investment required to open a Wow! Momo franchise varies based on several factors, including location, outlet size, and the chosen model (kiosk, takeaway, or dine-in). Here’s an overview:

1. Initial Franchise Fee: This fee, approximately INR 25,000, grants you the right to use the Wow! Momo brand, recipes, and operational systems.
2. Setup and Construction Costs: These costs can vary greatly depending on the outlet’s size, site condition, and location’s real estate values. They include kitchen equipment, seating (if applicable), signage, and interior décor.
3. Operational Costs: Ongoing expenses such as rent, utilities, employee salaries, and inventory. These costs depend largely on the outlet’s location and size.
4. Marketing and Promotion: While Wow! Momo provides national brand promotion, franchisees need to invest in local marketing to drive traffic to their outlets.
5. Royalty Fees: A percentage of the franchise’s weekly or monthly gross sales, covering ongoing support such as training, new product development, and operational assistance.

About Wow! Momo

Wow! Momo was founded by two college friends in Kolkata with an initial investment of just Rs 30,000. Today, it has grown into a popular QSR chain focusing on various types of momos, including steamed, fried, momo-burgers, and even momo desserts. As of March 2021, Wow! Momo has around 350 outlets across India and plans to expand to 200 cities by next year.

Wow! Momo Franchise Cost

The estimated franchise cost for Wow! Momo ranges from INR 8 Lakhs to INR 20 Lakhs. The exact amount depends on factors such as application, location, and specific investment needs. In addition, a registration fee of INR 25,000 is required upfront. The franchise duration is typically 3 years, with an option for renewal.

Requirements for a Wow! Momo Franchise

To start a Wow! Momo franchise, you need to meet the following criteria:

• Space Requirement: 200-250 sq ft, including space for a kitchen and counter.
• Training Requirement: Franchise employees undergo training to test their communication and culinary skills.
• Staff Requirement: A minimum of 2-3 staff members to operate the outlet.

Eligibility Criteria for Starting a Wow! Momo Franchise

• Must be a resident of India or a registered Indian company.
• Educational qualification of at least 10th pass.
• Minimum net worth of INR 5 Lakhs.
• Minimum of 200 sq ft of commercial space in a prime location.
• Experience in the food and beverage industry or a team with relevant experience.
• Ability to invest the required capital and access additional working capital.

Step-by-Step Guide to Starting a Wow! Momo Franchise

1. Conduct Research: Choose a suitable location for your outlet.
2. Visit the Wow! Momo Franchise Website: Click here to apply.
3. Submit Information: Complete the application process online.
4. Sign the Agreement: Once approved, sign the franchise agreement and pay the initial franchise fee.
5. Hire a Team: Recruit and train staff with the support of Wow! Momo.
6. Set Up the Outlet: Equip and furnish your outlet according to Wow! Momo’s brand guidelines.
7. Launch the Outlet: Promote your new outlet through local marketing efforts.
8. Follow Guidelines: Adhere to Wow! Momo’s operational procedures to ensure success.

Documents Required for the Wow! Momo Franchise

• Proof of identity and address (Aadhaar card, passport, or voter ID)
• PAN card
• Bank statement for the last six months
• Income tax return for the last three years (if applicable)
• Business plan and financial projections
• Rental agreements or property ownership documents
• NOC from the landlord
• Police verification certificate

Opening a Wow! Momo franchise is a lucrative opportunity for those interested in the fast-paced QSR industry. With a reasonable investment and strong brand support, you can become part of a rapidly growing food chain that has captured the hearts of momo lovers across India.