Monginis Franchise: If a person shares a love for pastries and wants to invest money in a bakery, then this is the right place for them. People around the world love to eat pastries and cakes. In India, when it comes to bakeries, there is one name that stands out from the rest. And that name is ‘Monginis’. By providing products of high quality and superior taste to its customers for decades, Monginis has made its way to the hearts of the Indian citizens. No matter the occasion, people celebrate by ordering cakes and pastries from Monginis. Apart from being supremely convenient and easily accessible, another thing that attracts the customers to Monginis is that the company offers the option of customization to people. No two people have the same experience with Monginis. Every customer gets a personal touch as he or she can place an order according to their preferences and can also have some type of message or a wish written on the order. The company is also popular for providing catering services at parties, birthdays and other events.
With creativity, innovation, aestheticism and the expert staff that Monginis has, the company constantly keeps fulfilling its goals of customer satisfaction and is on a path of huge success and growth.
About the Company
Monginis is an Indian bakery chain that makes and sells cakes pastries and other bakery related products to its customers. The company has its headquarters 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 the year 1958 when things changed and the Khorakiwala took control over the said catering service. The Khorakiwala family started the brand as a business and it was at that time that the name of the company, Monginis, came into existence. Under the supervision of Hussein Khorakiwala, the company prospered and grew a lot in the 70s decade. He saw franchising as a good model and started to offer them to business persons who were able to sell to run the store on their own and were also able to sell the products of Monginis in their store. After that, the company started to grow at a rapid pace.
Monginis Franchise in India
Monginis is spreading across the country rapidly and becoming more popular every day. The company has decades of experience in this field and has a great track record when it comes to customer satisfaction. The various awards and milestones just add to the reputation of the company. So, if an investor is looking to put his or her money into a bakery chain, Monginis is a great option. There are certain benefits for 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 company’s name alone is enough to bring in a sufficient number of customers. The risk at the entry-level to become a Monginis franchise is considered to be very low. The return on investment in a Monginis store is also considered to be pretty consistent.
Another thing that attracts investors to become the owner of a Monginis franchise is that the company provides a lot of support and guidance to the franchisee to help him or her in setting up the store. The support staff provides support to the franchisee in the marketing process and also in setting up the interiors of the store. Monginis assists the franchisee in finding a suitable location to open up the store and field assistance is also provided to maximize profits. The employees of the store are given training by the company at Monginis’s headquarters in Mumbai. Operating manuals are also handed out to the franchisee and the employees of the outlet. Expert guidance is always available to the franchisee. So, the franchisee needs any kind of help or advice, he or she can just contact the management of the company.
Monginis Cake Shop Franchise Details and Requirements
There are certain Monginis cake shop franchise details that a person needs to keep in mind while making their decision as to whether to invest in the company or not. Similarly, as is the case with any other franchise, there are certain requirements that an individual has to fulfill if he or she wants to become an owner of a Monginis cake shop franchise. The first major requirement that needs to be fulfilled by an individual in order to become a Monginis cake shop franchise owner is regarding the area of the store or outlet. The area of the outlet needs to be sufficient so that there is room to keep all the necessary equipment and for the employees to work. The area that is required to open up a Monginis store comes around to 250 square feet.
Another Monginis cake shop franchise detail that a franchisee needs to keep in mind is regarding the location of the store. The store should be located in a prominent area where there is a lot of footfall so that the number of customers coming into the store is high. Also, the person who wants to become the owner of a Monginis cake shop franchise has to sign a franchise agreement with the company which is valid for 3 years.
Monginis Cake Shop Franchise Cost
One of the most important factors that is taken into consideration by an investor while making a decision on whether to invest in a company or not is the cost of investment involved. A person looking to open a Monginis franchise wants to know the amount of money required so that he or she can see whether they can afford it or not and whether it is a good decision for them. In the initial stages, the Monginis cake shop franchise cost comes to around 10 lakh rupees. Apart from this, the owner of the franchise also needs to pay a security charge of 1 lakh rupees which is refundable. The franchise fee that a Monginis franchise owner has to pay to the company is around 25,000 rupees. The franchisee also has to pay for the interiors of the outlet, the cost of which comes out to be 25,000 rupees. This is not where the expenses end. A royalty also has to be paid by the franchisee to the company. The amount that is to be paid as royalty comes to around 6 to 8 lakh rupees.
Monginis Cake Shop Franchise Profit Margin
The return on investment is the number that every investor wants to know about while deciding whether to invest in a company or not. The returns in the case of Monginis cake shop franchise are pretty lucrative. The profit margin per product, while running a Monginis cake and shop franchise, comes out to be 20 percent. A Monginis franchisee is expected to reach the break-even point in a period of around 2 years.
How to Apply for a Monginis Franchise
Monginis is very particular when it comes to giving out franchisees. The company looks for a candidate who has a store in a good location and is also hardworking and dedicated to the business. The first thing that a person applying for Monginis cake and shop franchise has to do is to go visit the official website of the company. There, an application form has to be filled by the candidate to apply for the Monginis franchise. Several personal and official details will be required to be submitted by the applicant in the application form. Then, the candidate has to submit the application form along with a demand draft.
After that, the application form is then reviewed by the personnel at Monginis who then decide whether to accept the application form or not. Once an application form is approved by the company, the franchisee, along with the employees hired by him or her, then has to go through training. The franchisee is also provided assistance throughout the whole process of setting up the franchise.
Monginis Franchise Contact Details
If a person wants to get in touch with the support staff of Monginis to talk to them about any queries that the person might have, they can make use of the following information:
| Office Address: | Monginis Foods Private Limited. B/06, Off. Link Road, Andheri (W), Mumbai, Maharashtra, india. |
| Email ID: | [email protected] |
| 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 the year 2015.
14 plants are owned by Monginis for the purpose of manufacturing cakes and pastries. Out of those 14, 3 plants are owned by the company itself. The rest are owned and run by manufacturing franchisees. With more than 1,000 stores, the company has its presence in various parts of India. The list of cities having a Monginis store includes names like Delhi, Hyderabad, Ahmedabad, Goa, Kochi, Indore, Kolkata, Chennai etc. But Monginis’s presence is not only restricted to India. The company also has multiple outlets in the country of Egypt and the supplies also reach the neighboring countries of Libya, Yemen and Sudan.
Apart from cakes and pastries, eatables like samosas, puffs, doughnuts and cutlets are also made by Monginis. Bread rolls, sandwiches, burgers and pizzas are also some of the snacks offered in Monginis stores.
There are certain awards and accolades that Monginis has received throughout its existence. Monginis might not be the most popular brand out there, but it certainly considered to be one of the fastest-growing companies in the country. In 2012, Monginis was ranked 605th on the list of the brands that are trusted the most in India. In 2013, the company showed improved and got the 541st rank on the list of brands that are trusted the most by the people in the country. Monginis did not stop there. In 2014, the company made a giant leap and managed to secure the 256th position on the same list proving that it is a brand that is loved by the people of India.
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FAQs on How to Get Monginis Franchise
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.
Yes, Due to legal issues, the company’s name was changed from ‘Monginis’ to ‘Mio Amore’ in 2015.
Hussein Khorakiwala is the founder of Monginis and Zoher Khorakiwala is the chairman and the managing director of the company.
Monginis has eatables in both the vegetarian and non-vegetarian categories.
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.
An area of around 250 square feet is required to set up a Monginis store.
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.
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.
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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Final Words
Monginis is a brand that has been in India for several decades and today, it also has an international presence with stores in multiple countries. For Indian people, it is the go-to option in case of weddings, birthdays or any other events. The established brand name of the company also helps a franchisee in running his or her store and the profit margins are also great. Monginis also guide the franchisee throughout the whole process of setting up the store. Having more than 1,000 outlets in the country and with the plans of having more in the coming years, Monginis is growing at a significant rate. So, if any person wants to invest in a bakery chain, Monginis is one of the best choices out there.
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