Monginis Franchise Cost, Profit, How To Apply, Investment, Requirements | SkillsAndTechSkillsandTech | August 9, 2021 |
Monginis started their journey in the early 1956 in Fort, Mumbai. The name of the founder of this company is Hussein Khorakiwala. The main focus of the company is to create exceptional cakes for their customers. Their main priority is to offer high quality cakes with variety of tastes. They are specialized in different categories cakes, cookies, chocolates, Bakery product, pastries and in addition gift hampers. The company core value is to provide products and services to all their customers, suppliers, business partners and employees. They have expanded their business a lot
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Monginis Franchise Wiki
Their journey began with one humble shop in Fort, Mumbai and grew to over one thousand locations throughout India under the inspiring vision of our founder, Hussein Khorakiwala in the early 1956. Since then, our family has combined their years of experience with the vision of a community of collaborative shop owners, suppliers and other partners working together to create a brand name in the market to grow their business to what it is today.
In order to achieve this, the family offers franchises to budding entrepreneurs & distributors partnering with them to ensure success and excellence.
Monginis Franchise Benefits
- The brand itself gives you huge credit to start your franchise without any hassle. Monginis is India’s number 1 cake brand, people love to eat food. Therefore, your business automatically grows and it helps you to leverage your revenue.
- The business model is also very prosperous because the franchise starting investment is very low. Initially, if you compare with other brands , you will fine Monginis has very low investment setup cost. We will discuss further regarding and fees.
- Assistant and Associate ROI in your business
- Simple documentation and transparent business policy aspect of this brand
- The brand also ensure, you get enough customers in your place, so that you can make a good revenue from their company.They have give you territorial business power. It allows individual or franchise owner to set up their food franchise within particular range. In this way a franchise does not affect any other franchise store.
Monginis Franchise Cost, Investment
Monginis franchise requires very low investment which helps to start business easily. Initially for starting franchise ,you need to invest between 8 lakh to 10 lakhs. Franchise owning fees is 25,000 and another fee which you have to pay rs. 5000 for architect. The franchise fee is fully refundable and the security deposit fee around 1 lakh that also need to be paid at once. The royalty fee of this franchise is around 7 lakh to 8 lakhs. This is not a huge investment to start a food franchise business with top notch brand in India. You can easily boost up your sales from the day 1 of journey.
Monginis Franchise Requirements
Monginis Franchise Area Required
This is actually very important part.If you don’t have a good space , you cannot apply for their franchise. Customer should feel comfortable when they visit your store. This is why, franchise location and space selection is very vital part for every business. For starting Monginis franchise, you need minimum 250 square feet area, if you have more than that it gives extra privilege for you. Try to maintain a good front area so that customer can park their vehicles. The area should be clean and hygienic.
Monginis Franchise Documents Required
As you know that for starting any business you have to submit all the original papers. Here comes the documentation part. All basic documents like your identity proof, your business area NOC certificate, property documents etc.
So if we talk aboutidentity proof you can submit documents like Aadhar card PAN card, etc. For address verification sometimes the authorized team they may ask for electricity bill. If you are doing your business in your own location show all the original property papers, for rented place submit rental papers from the owners.
You also have to submit bank details for receiving the commission time to time. Provide bank account number , Bank branch details, Bank IFSC code to them.
Monginis Franchise Profit, ROI
This is highly confidential information. Because of this company had not disclose it. You can only know about this after apply for the franchise. All this will be discussed when the basic criteria meets and fulfilled. You can know the procedure as follow.
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How To Apply For Monginis Franchise
So we have discussed all franchise related information , now let’s come to franchise application process online. For each category franchise you have to use their unique franchise form. Each form has mandatory fields, you have to fill the details and submit it. follow The below steps :
- Visit Monginis official website and you can see “become a partner option” in the navigation menu (
- After clicking on that tab find the franchise categories on right sidebar.
- Choose specific franchise model and click on it.
- At the bottom of the page, you will find application form with link.
- Enter all details which they have required.
- After that complete a captcha and click on submit button.
- Please wait 7 business days and you will get a call from team. They will let you know further details whether you are eligible or not.
You can Apply for this franchise at their official website. Their you will get form that you have to fill then company official will contact you.
Different types of franchise category
Cake shop franchise
The cake shop franchise is specially designed for selling different cake items. The franchise owner can stock all cake products and food bakery items. This is the most common franchise, as individual they open their store for selling cakes. There is no other liability which is apply to the owner. After getting approval from the team,you can start selling cakes from the day one. The cake shop franchise is simple and give you opportunity to earn money money out of it.
On the other hand in the manufacturing franchise module, you need some special skill for starting the business. This is perfect for those who have knowledge and previous experience regarding manufacturing and to manage a brand. If you believe that you can distribute Monginis cakes with proper way in your local market, you are welcome in this franchise. Here you mainly distribute their quality cakes, muffins, cupcakes, pastries Savories etc. Besides this criteria, you should also have a good investment capability. More importantly, make sure you have a passion and you are dedicated to do manufacturing business.
The distributorship is best suited to them who already have distributorship. Monginis basically known for fresh cake and Bakery products. But they have also other food items which shelf lives is around 120 days. these are like muffins , packaged Bakery food , Swiss rolls etc. You can easily sell their products and start earning money using their brand. This franchise model can also be a good starting point, because you have much time to sell the food from their company.
Super Stockist Model
The super stockist has great role to Monginis food brand. This is a vital supply chain to deliver their product to their customer on time. As you know, for any company those who has particular food manufacturing business, they rely on super stockist. All fresh manufactured cakes, cupcakes, pastries should be available in open market , railway stations And other supermarket. So this is the particular job perfectly done by a stockist. If you are fully compatible with this chain activities and can do job effectively, you can apply for their super stockist franchise.
Monginis Franchise Contact Details
Head office address
1602 Opp. Peninsula Corporate Park Off Ganpatrao Kadam Marg, Lower, Parel Mumbai, Maharashtr 400013, IN
022 – 40786702
Is It Profitable To Start Franchises?
Yes, It is very much profitable to start
So far we have shared the basic of franchise overview for this Franchise. It is the most profitable franchise. You will never doubt your decision of starting this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you