Learn how to apply for Monginis Franchise to get started.Follow the complete tutorial step by step.
If someone shares a love for pastries and wants to invest money in a bakery, then this is the right place for them. People all over the world love to eat pastries and cakes. In India, with regard to bakeries, there is one name that stands out from the rest. And that name is ‘Monginis’. By providing its customers with high quality products and superior taste for years, Monginis has made its way into the hearts of Indian citizens. No matter what the occasion, people celebrate by ordering cakes and pastries from Monginis. Apart from being extremely convenient and easily accessible, another attraction for Monginis customers is that the company offers people the customized option. No two people have the same experience as Monginis. Each customer receives a personal contact because he or she can place an order according to their preferences and a message or wish of some kind can also be written on the order. The company is also very popular for providing catering services at parties, birthdays and other events.
With Monginis’ creativity, innovation, aesthetics and expert staff, the company continues to meet its customer satisfaction goals and is on a path of great success and growth.
About the Company
Monginis is an Indian bakery chain that makes and sells pastry of cakes and other bakery related products to its customers. The company’s headquarters is in Mumbai. In the early 20th century, two Italian brothers used to run a catering service in the city of Mumbai, India. It was in 1958 that things changed and the Khorakiwala took control of that catering service. The Khorakiwala family started the brand as a business and at that time the company name, Monginis, came there. Under supervision Hussein Khorakiwala, the company prospered and grew well over the decade of the 70s. He saw franchises as a good model and began offering it to business people who could sell to run the shop on their own and who could sell Monginis products in their shop. Subsequently, the company began to grow at a rapid pace.
Monginis Franchise in India
Monginis is spreading across the country rapidly and becoming more and more common every day. The company has many years of experience in this area and has an excellent track record in customer satisfaction. The various awards and milestones only add to the company’s reputation. So if an investor wants to put his or her money in a bakery chain, Monginis is a great choice. There are certain advantages to a person if he or she decides to associate with the brand that is Monginis. The first benefit for the franchisee is that he or she will benefit a lot from the reputation and popularity of the Monginis brand. The name of the company alone is sufficient to bring in a sufficient number of customers. The risk at entry level of being a Monginis franchise is considered very low. The return on investment in a shop in Monginis is considered quite consistent.
Another attraction for investors in owning a Monginis franchise is that the company provides the franchisee with a lot of support and guidance to help him or her set up the shop. The support team provides support to the franchisee in the marketing process and also in setting up the store interior. Monginis helps the franchisee find a suitable place to open the store and also provides field assistance to maximize profits. The company trains the shop’s employees at Monginis headquarters in Mumbai. Operating manuals are also provided to franchisees and outlet employees. Expert guidance is always available to the franchisee. Therefore, the franchisee needs any kind of help or advice, he or she can contact the management of the company.
Monginis Cake Shop Franchise Details and Requirements
There are certain Monginis cake shop franchise details that one must keep in mind when deciding whether or not to invest in the company. Likewise, as with any other franchise, there are certain requirements that a person must fulfill if he or she wishes to become the owner of a Monginis cake shop franchise. The first major requirement that one has to fulfill in order to become a franchise owner of a Mongolian cake shop is the store or outlet area. The outlet area must be adequate so that there is room to hold all the necessary equipment and for the employees to work. The area required to open a Monginis store is about 250 square feet.
Another Monginis cake shop franchise specifies that a franchisee must keep in mind the location of the store. The store should be located in a prominent and well-populated area so that the number of customers coming into the store is high. Also, the person who wants to become the owner of the Monginis cake shop franchise has to sign a franchise agreement with the company that is valid for 3 years.
Monginis Cake Shop Franchise Cost
One of the most important factors that an investor takes into account when deciding whether or not to invest in a company is the cost of the investment. A person who wants to open a Monginis franchise would want to see how much money they need to see if they can afford it or not and that is a good decision for them. In its early stages, the cost of a Mongolian cake shop franchise comes to around 10 lakh rupees. Apart from this, the franchise owner has to pay 1 lakh rupees security charge which is refundable. The franchise fee that the Monginis franchise owner must pay the company is around 25,000 rupees. The franchisee has to pay for the inside of the outlet, the cost of which is 25,000 rupees. The costs do not end here. The franchisee must also pay the company royalty. The amount to be paid as royalty comes to around 6 to 8 lakh rupees.
Monginis Cake Shop Franchise Profit Margin
Return on investment is the number every investor wants to know when deciding whether or not to invest in a company. The results for the Monginis cake shop franchise are pretty lucrative. The profit margin per product, while running a cake franchise and Monginis store, is 20 percent. The Monginis franchisee is expected to reach the break-even point in a period of about 2 years.
How to Apply for Monginisse Franchise
Monginis is very specific in bringing out franchisees. The company is looking for a candidate with a well-positioned shop who is also hard-working and dedicated to the business. The first thing a person applying for a Monginis cake and store franchise needs to do is visit the company’s official website. Applicant must fill out an application form to apply for Monginis franchise. The applicant will attach some personal and official details on the application form. The applicant must then submit the application form with a draft claim.
Thereafter, Monginis personnel review the application form and then decide whether or not to accept the application form. When the company approves an application form, the franchisee, as well as the employees he or she employs, have to undergo training. The franchisee is also assisted throughout the entire process of setting up the franchise.
Franchise Franchise Contact Details
If anyone wants to contact the Monginis support team to talk to them about any questions the person may have, they can use the following information:
|Office Address:||Monginis Foods Private Limited.|
B / 06, Off. Link Road, Andheri (W), Mumbai, Maharashtra, India.
|Contact number:||022 – 40786702|
More About the Monginis
Due to legal reasons, the name of the company was changed from ‘Monginis’ to ‘Mio Amore’ in 2015.
Monginis owns 14 plants for the manufacture of cakes and pastries. Of the 14, 3 plants own the company. The remainder are owned by manufacturing franchisees. With over 1,000 stores, the company has a presence in various parts of India. The list of cities that have a Monginis shop includes names like Delhi, Hyderabad, Ahmedabad, Goa, Kochi, Indore, Kolkata, Chennai etc. But not only is Monginis presence limited to India. The company has numerous outlets in Egyptian territory and supplies also reach neighboring countries Libya, Yemen and Sudan.
Apart from cakes and pastries, Monginis make eats such as samosas, puffs, donuts and cutlets. Bread rolls, sandwiches, burgers and pizzas are also some of the snacks offered at Monginis stores.
There are certain awards and awards that Monginis received during his stay. Monginis may not be the most popular brand, but it was certainly one of the fastest growing companies in the country. In 2012, Monginis ranked 605th in the list of most trusted brands in India. In 2013, the company showed improvement and was ranked 541th in the list of most trusted brands in the country. Monginis didn’t stop there. In 2014, the company made a huge leap and managed to reach 256th place on the same list proving to be a brand loved by the people of India.
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How To Get A Monginis Franchise FAQ
Is the Monginis franchise profitable?
Yes, the Monginis franchise is very profitable. The profit margin per product, in the case of Monginis, hovers around 20 percent. One can achieve the break-even point in 2 years.
Are Monginis and Mio Amore the same?
Yes, Due to legal issues, the company name was changed from ‘Monginis’ to ‘Mio Amore’ in 2015.
Who is the owner of Monginis?
Hussein Khorakiwala is the founder of Monginis and Zoher Khorakiwala is the company’s chairman and managing director.
Is Monginis vegetarian?
Monginis are usable in both the vegetarian and non-vegetarian categories.
What is the investment cost required to open a Monginis cake and store franchise?
The franchisee will be required to set up an initial investment of 10 lakh rupees to become the owner of the Monginis franchise. Otherwise, the franchisee will have to pay the company a refundable security charge of 1 lakh rupees. 25,000 must be paid as franchisee fees to the company and the interior cost of the outlet will also cost around 25,000 rupees. The franchisee has to pay between 6 and 8 lakh rupees to the company.
What is the essential area for the Monginis store?
Setting up an Monginis store requires an area of about 250 square feet.
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Monginis is a brand that has been in India for several years and today, it also has an international presence with stores in many countries. For Indian people, the option is to go ahead for weddings, birthdays or any other events. The company’s long-established brand name helps a franchisee run his store and the profit margins are also great. Monginis guides the franchisee during the entire process of setting up the shop. There are more than 1,000 outlets in the country and with the plans to have more in the coming years, Monginis is growing at a significant rate. So if anyone wants to invest in a bakery chain, Monginis is one of the best options out there.