Monginis Franchise – Cost,profit percentage,contact number,cake shop distributorship opening guide.
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, Today they have around 700 + outlets in all across country. If you are passionate about foods and cakes you can also be part of Monginis. Earlier we have discussed how to get Mio Amore Franchise which is also a good bakery brand.Today in this post, we will help you to get Monginis franchise step by step.
Monginis Franchise Opportunity
Benefits of Monginis food franchise family
- 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.
Different types of franchise category
Monginis offers different types franchise to their partner. The franchise module can be classified in to 4 different categories. These are as follows :
- Cake shop franchise
- Manufacturing franchise
- Distributorship Franchise
- Super stockist franchise
Now further we will discuss each franchise in details and their investment cost.
Also read : How To Start Mad Over Donuts Franchise
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.
Franchise Investment / Cost / Royalty Fees
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.
Franchise location’s space requirement ?
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.
What is the franchise documentation process ?
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 about identity 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.
Support and training from the company
Yes, the company provides all kind of support and training to their stuff. All proper training material & marketing kit provided to the franchise owner. If you feel you need extra support you can request them to arrange webex meeting. You don’t need to worry about profit margin, they provide complete assistant for maximum profit opportunity.
What is the franchise agreement or terms period ?
Company discloses information like agreement details, payment processing details after final approval. Therefore we don’t have the exact data regarding this. But if you want to know standard agreement period, it is mostly 3 to 5 years. You will get a complete details when they will discuss business with you.
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 (Follow link : https://www.monginis.net/catalog/category/view/id/7)
- 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.
Where Monginis expending their franchise business currently ?
All fresh applicants are welcome to start their franchise service. If you are an Indian citizen , you can request for their distributorship. It doesn’t matter from which state or city you belong, as long as there is no existing Monginis franchise Store. They want to expand stores in all cities,here is a list of all states and their capital.
Official website : https://www.monginis.net/
Head office address : 1602 Opp. Peninsula Corporate Park Off Ganpatrao Kadam Marg, Lower, Parel Mumbai, Maharashtr 400013, IN
Customer support : firstname.lastname@example.org / 022 – 40786702