Wom Momo was started by Sagar Daryani and Binod Homagai in the year 2008. The capital of initial investment of around 30,000 Rs was done and now it is the fastest-growing Momo restaurant. They are the industry of food and beverages, as a fast-food restaurant. The restaurant has all the credentials as it provides a non-vegetarian and vegetarian menu. Also, there is affordability in the prices, which is used for attracting the maximum number of customers. The restaurant also offers take away food as well as dine-in restaurant outlets. In 2020 the brand has over 190 outlets in nine cities across India. Today, Wow Momo Franchise is one of the most profitable franchise opportunities in India. The headquarters of Wow Momo is situated in Kolkata.
The Success Story of Wow Momo Business
Wow Momo rose up to 470 million rupees over 3 rounds. Their latest funding was raised on June 13, 2018. All their directors (Binod Kumar Homagai, Sagar Jagdish Daryani, Rochelle Susanna Dsouza, Shah Miftaur Rahman And Ashvin Chadha) work together to expand their business and also to employ people in need. This is like an enterprise. This immense success story has created due to the commitment to quality and variety. The high set of standards of cleanliness of the brand helped the company to grow fast and separated it from the traditional roadside unhygienic momo stalls.
Wow Momo Franchise Locations in India
As of today Wow Momo has 550 outlets in India and planning to expand its business in every parts of India. The company is planning to shape the brand to be the Indian version of McDonald’s and trying to become a global brand in the upcoming future by opening new Wow Momo Shops across the country.
Recently Mr William Bissell the Managing director of popular brand Fab India has invested an undisclosed sum in Wow making it one of the profit-making food brands in India.
Is Wow Momo Franchise Profitable?
There are approximately 700 people working in the backend productions. There is a specific standardized recipe methodology which the chef has to follow. They offer over 17 varieties of momos, steamed or fried, with stuffing of veggies and mushroom and paneer or fish and chicken and prawn. Also, a different variance which is the chocolate momo attracts kids towards it. The company plans to become the largest chain of Momo restaurants in India and applying for a Wow Momo Franchise opportunities will be one of the most profitable business in food industry business.
History of Wow Momo Brand
The brand Wow Momo was founded in the year 2008 with a capital of INR 30,000 by Sagar Daryani and Binod Homagai. Initially they started selling Momos from their 6 by 6 kiosk in Springdale Spencer. Both Sagar and Binod were classmates who then came up with an idea of Momos instead of popular items burgers and pizzas.
Along with commerce classes they also had one more thing in common and that was nothing but they were immensely in love with momos, but they didn’t think about their momo love as a business back then. Later, in the final year of their college lives, they began to plan their careers but there were no concrete goals.
Then later both the college buds started to think of a bakery shop in Mumbai, but then switched it to the momos shop, as Binod knew how to make them. When Binod shared his idea to Sagar, Sagar was extremely intimated and was looking forward and was happy to know that the “momo love” was converted to the business model.
But later through a college campus interview, they were offered great jobs in an international bank with the annual package of over 3 lakh rupees, which was a great deal back then. But both Sagar and Binod turned it down and looked forward to thinking over of their business. The investment was done by Sagar’s father, which was of amount 30,000 Rs and also a ground floor of relative’s 3 storey building for the startup.
And Here’s How the Wow Momo Started!
They managed to have a head chef as Ramji KC who then worked at a local small restaurant. Today, the head chef Ramji KC earns an amount of Rs 2 lakhs as the salary being the head chef. Next aim of the company is to have 1000 stores of Wow Momo across the country and also expanding further.
Why Momo Franchise?
- Low investment high returns
- Great marketing potential
- The food business is a growing business; you will be able to be a part of such a growing venture.
- The brand recognition of India’s largest momo chain company will help to grow rapidly and customer satisfaction will be maintained wisely.
- Currently, the brand or the restaurant is at its peak stage and confines that it wants to expand more; attaching with the fastest growing company helps the applicant.
Wow Momo Franchise Cost
There are approximately 700 people working in the backend productions. There is a specific standardized recipe methodology which the chef has to follow. They offer over 17 varieties of momos, steamed or fried, with stuffing of veggies and mushroom and paneer or fish and chicken and prawn. Also, a different variance which is the chocolate momo attracts kids towards it.
The company plans to become the largest chain of Momo restaurants in India and applying for a Wow Momo Franchise opportunities will be one of the most profitable business in food industry business.
Restaurants or any food courts initially require a good amount of money to be invested but wow Momo doesn’t have high investment amount. An amount of INR 2 lakh rupee is the approx cost of Wow Momo Franchise Cost. There is no separate franchise fee required as they won’t be providing equipment and furniture or fixtures. Moreover, the advertising and marketing won’t be done.
The initial investment for the Wow Momo franchise is around INR 50,000 only which makes Wow Momo brand one of the most popular Franchise businesses in India.
The initial investment is not fixed as there are no declarations done by the company but an approximated amount estimated. For more information about Wow Momo Franchise opportunity in Kolkata and Wow Momo Franchise cost in Bangalore, Delhi NCR, Mumbai, Kerala, Chennai, Jaipur, Kolkata, Raipur, Noida, Gurgaon, Hyderabad, Telangana, Coimbatore, Chandigarh and other cities in India please contact the Franchise department of Wow Momos in India.
Space Requirement of Opening a Wow Momo Franchise.
Corresponding to the company, as the Momo station needs to set up in a place where the consumer needs it must and can get access to easily. Some property details which are required are listed below.
- Food courts and pizzerias are specially placed in the high street region or shopping complexes or malls. You can also place them in a market area where most of the localities find places to eat or the area which is the centre of the market.
- Also, being placed in the main streets or the complexes there is a certain requirement about the space it should have to serve and provide its services. The space you require for setting up should be around or above 400 square foot.
If you are wondering how to open a wow momo franchise in India you may get in touch with the Franchise department given below: