The cake is something that is liked by everyone, the elderly and little ones alike. Cake confectioneries are something that completes every celebration, be it a birthday, anniversary, or just a get-together.
Monginis is one of the most famous chains of a cake shop in India that serves custom made cakes that are too fully personalized as per the choice of the consumers. So, If you are willing to get a Monginis Franchise in your city, then you have certainly taken the right step towards a successful franchise business.
In this article, we’ll let you know all the information that you may need to get a Monginis Cake Franchise in your Place.
Monginis Cake Shop Franchise Overview
Monginis, the ISO 2000:2005 certified cake shop, serves the best quality cakes, chocolates, pastries, packaged goodies, confectioneries, and much more that is loved by all the consumers.
You won’t believe that almost 1,50,000 customers visit 900 plus Monginis franchise spread across India daily, and the number is increasing with time. Additionally, long shelf life products of Monginis are also available at more than 10,00,000 outlets nationwide.
The interesting fact is that the people of Egypt love the products of Monginis as well; hence, Monginis has marked its presence abroad with three franchises in Egypt. Good quality, timely service, and high work ethics have made Monginis a household name in India.
History of Monginis
Monginis had a humble beginning with a catering services centre that was run by two brothers who were Italian by birth. This small shop in the Fort area of Mumbai was quite famous amongst Europeans living in India.
However, in the year 1958, the Khorakiwala family took over the Monginis catering services and renamed it Monginis Foods Limited.
The company blossomed in the year 1970 under the leadership of Hussein Khorakiwala, who adapted the franchise business model and emphasized on local production of the products to attract local customers.
Monginis business model was based on a food boutique concept that emphasises offering high-quality products with excellent presentation and service. Now, these Monginis franchisees play a massive role in the overall success of the company.
What Makes Monginis Different from Others?
Monginis has become a common household name across India so that no occasion in India is complete without products offered by the company. And these are all the things that make Monginis different from other similar companies in India.
Monginis uses only fresh ingredients that too of the finest quality. The quality control operations are carried out at each and every step: production, packaging, and delivery of the products.
Monginis is renowned for creating personalized products, especially according to the preference of the customers, for instance, taste, flavour, appearance, and special messages for the recipients.
Monginis has expert confectioners, chefs, and artists on board who work hard to create high-quality products to satisfy the customers.
Conveniently Located Outlets
The Monginis cake shops are usually located at convenient locations. Moreover, the environment in the Monginis outlet is friendly, and also the staff is accommodating.
The brand Monginis has given customers a guarantee of high-quality products and hassle-free delivery of service.
Ensured Customer Satisfaction
The prompt delivery service has always been the forte of Monginis as it still emphasizes the timely delivery of products of high quality that too in perfect condition.
The chefs and confectioners of Monginis strive to create artistic products that will bring the clients’ imagination to reality.
Monginis Bakery Franchise Business Opportunity
Monginis, an Indian cake shop chain, has more than 900 outlets opened in 12 cities of India and three outlets in Egypt.
The quick-service restaurant business is likely to grow tremendously in the near future. Hence Monginis is looking into expanding its reach even further by opening more and more franchisees. Therefore, this is a perfect opportunity for you to get the Monginis franchise in your city.
Why Should You Start a Franchise of Monginis
Enlisted down below are some of the reasons why you should take Monginis franchise in your place,
The Credibility of the Brand
Monginis is a brand known for its quality, timely service. Moreover, it is a brand known in every household of India for the delicious cakes, pastries, confectioneries, and many more products it offers.
Reliable Business Model
The business model of the Monginis cake shop chain is very reliable and proves to be quite profitable for the franchise owner.
Assured Return on Investment
The profitability of Monginis franchise business is almost 20%, because of which you can rest assured about getting quick returns on investment.
Opportunity to Serve Community
By providing good quality cakes, chocolates, confectioneries, and other products that are inseparable parts of any occasion, celebration, or get together, you will get an opportunity to serve the community indirectly.
Requirements for Starting a Monginis Franchise in India
If you are planning to start a Monginis cake franchise in your town, then please read carefully the requirements that need to be fulfilled:
For opening a Franchise of Monginis in your city, you will require a space of at least 250 square feet in the area, which is convenient for the customers to have access to, for instance, malls, supermarkets, college campuses, and markets. It can be a shop owned by you or rented. If you are taking space on rent, you will be required to furnish the rent agreement to the Monginis authorities while applying for a franchise.
Investment Requirement – How Much Does a Monginis Franchise Cost in India?
The investment you have to make to get the franchise of Monginis is just INR 10 lakhs. And this amount is not much if you consider the popularity of the brand Monginis amongst the consumers.
The approximate breakdown of the investment is as follows,
- Advance Deposit: – INR 25 Thousand (refundable)
- Security Deposit: – INR 1 Lakhs
- Architect Fee: – INR 25 Thousand
- Franchise Fee: – INR 3 Lakhs
- Royalty Fee: – INR 6 to 8 Lakhs
Monginis provides support to its franchise partners in following areas of the franchise business,
- Interior Designing of Monginis outlet
- Marketing of the franchise
- Infield assistance to ensure maximum profit
- Proper employee training
The company charges 20% of the total sales made at the franchise as the royalty that the franchise owner has to pay.
The profit margin is almost 20% per product. And owing to it, you can expect a quick return on investment. You will have to make the franchise agreement of 3 years with Monginis, and the good part is that your Monginis Cake Shop Franchise business will attain its break-even in just two years.
How to Apply for a Monginis Franchise?
The authorities at the Monginis are very selective; hence it is rather challenging to get Monginis franchise quickly. So if you are looking into getting a Franchise of Monginis in India, your previous franchise business experience will come quite handy.
To get the Monginis franchise in your city, get in touch with Monginis Foods Private Limited authorities by either calling or emailing them. You can also fill in the online application form available on the official website of Monginis.
Monginis Foods Private Limited.
B/06, Off. Link Road, Andheri (W),
Mumbai, Maharashtra, India.
Monginis Franchise Contact Number
So are you ready to get started with your franchise business with Monginis? If you have any queries about getting a Monginis Franchise in India, please get in touch with us in the comment section below, and we will be glad to help you out.