Is the Monginis franchise profitable?

Yes, the Monginis franchise is very profitable. The profit margin per product, in the case of Monginis, comes out to be around 20 percent. A person can also reach the break-even point in around 2 years.

Is Monginis and Mio Amore the same?

Yes, Due to legal issues, the company’s 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 chairman and the managing director of the company.

Is Monginis vegetarian?

Monginis has eatables in both the vegetarian and non-vegetarian categories.

What is the investment cost required to open up a Monginis cake and shop franchise?

The franchisee will be required to put up an initial investment of 10 lakh rupees to become an owner of the Monginis franchise. Other than that, a refundable security charge of 1 lakh rupees will also have to be paid by the franchisee to the company. 25,000 will have to be paid as franchisee fees to the company and the cost of interiors of the outlet will also cost around 25,000 rupees. A royalty of 6 to 8 lakh rupees will also have to be paid by the franchisee to the company.

What is the required area for a Monginis store?

An area of around 250 square feet is required to set up a Monginis store.

Is Monginis a good company to invest in as a franchisee?

Yes, Monginis is a great option if you are looking to open a franchise. Over the years, the company has collected a lot of accolades. In the year 2014, Monginis was ranked at the 256th position in the list of the most trusted brands in India.

Does a person need to sign an agreement of some sort in order to become a Monginis franchise owner?

Every person who wishes to open a Monginis franchise in his or her city is required to sign a franchise agreement that is valid for 3 years.

Is Monginis a risky company to invest in?

The risk involved in owning a Monginis franchise is considered to be pretty low. Also, a Monginis franchise owner stands to earn a pretty decent return on investment.

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