Do you want to open a Monginis franchise business in India and want to know more about how to go about it? If yes, you are in the right place.
Monginis at preset is the leading bakery shop franchise chain in India. The company is owned by the Khorakiwala family based in Mumbai city in India. At present, Monginis is a household name in cakes and confectioneries. The company offers one of the most profitable cake shop franchise opportunities in India. If you are interested to open a Monginis cake shop in your locality, this article will provide you will all the details including eligibility, costs, investments, the area required, and the application process.
Company History
The history of Monginis cake shop started way back in the year 1902. A restaurant named Mongini Ltd was opened by two Italian Brothers at Churchgate Street in Bombay. In the year 1956, this heritage brand was taken over by the Khorakiwala family.
It was in the year 1971, Mr. H.T. Khorakiwala came up with a unique Monginis Cake Shop Franchise Model for expanding their presence in the country. Monginis became an international brand in the year 1993 by opening a factory in Egypt. Presently, Monginis is based in Mumbai and have more than 500 franchise outlets in almost all cities and towns across India.
Why Monginis Franchise?
It is without saying Monginis offers one of the best low-cost and highly profitable bakery shop franchise opportunities in India for new entrepreneurs. If someone is looking to start a cake shop, the Monginis franchise is surely a good option. It is mainly because you can leverage the brand image of the brand to get customers easily.
There are two business formats of the Monginis franchise. One is the manufacturing format and the other is the cake shop format. Here in this article, we will deal with the cake shop format only.
Below we list down some of the main reasons why owning a Monginis cake shop can be an ideal business opportunity for you:
- Chance to work with a top cake shop brand.
- An established business model with tried and tested working module.
- Strong support and training from the franchisor.
- Access to a variety of bakery products, chocolates, and confectioneries.
- Marketing support
Requirements to Open a Monginis Cake Shop
There are certain requirements to open a Monginis cake shop business in India. Some of the essential requirements are listed below:
Cost & Investment: The investment amount will depend on a wide range of factors. The major factors include the cost of space, size, and business model.
The investment in starting and running a Monginis franchise has largely five components. They are franchise fees, royalty fees, equipment costs, manpower costs, and marketing expenses.
On average, the startup cost of opening a Monginis cake shop in India will be around Rs. 10 Lacs to Rs. 50 Lacs.
Location: The location plays the most important role in the overall profitability of a Momngis franchise store. You must find a place where there is a good possibility of good footfalls. It is advised not to go for a cheap location where there is less chance of getting few customers from the immediate locality.
Space Area: The minimum floor area required to open a Monginis cake shop is 250 sq. ft.
Experience: It is not mandatory to have previous experience to be eligible for becoming a Mongisnis franchise owner. However, knowing how to run a business and having good communication skills will be a big plus.
Legal Requirements: You will need to procure a range of licenses to start a Monginis cake shop franchise in India. It is advised to talk to a lawyer or concerned authorities and learn more about the applicable laws and regulations in your desired locality.
Related: Best Bakery Franchise Opportunities in India
Support and Training
Monginis as a franchisor will support a franchise owner initially by providing all the inputs required to run a cake shop. In addition, they will provide ongoing support as well as marketing and advertising support whenever needed.
Contact Details
If you are interested in knowing more about the franchise of Monginis Foods Pvt Ltd, you can visit http://www.monginis.net/retail-franchisee/ and contact them. If shortlisted company officials will contact you at the appropriate time.
FAQs:
What is the minimum investment required to start a Monginis cake shop business in India?
The minimum investment required to open a Monginis franchise business in India is Rs. 10lakhs to 20 lakhs, depending on the location and size of the store.
What is the royalty fee for a Monginis franchise business in India?
The royalty fee to be paid by the owner of Monginis cake shop is 8% of the monthly gross sales to the company.
What is the space requirement for a Monginis franchise business in India?
The minimum area required to start a Monginis cake shop franchise in India is 250 square feet.
Q: How long does it take to get the approval for a Monginis franchise business?
The selection and approval turnaround time for a Monginis franchise business is around 1 month to 3 months.
Monginis franchise business opportunity is a profitable and rewarding option for individuals looking for a retail-based food service franchise opportunity. Analyze and decide whether this business opportunity fits you as per your skills, experience, interest, and knowledge.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.