Virgo Hospitality: Kingdom of Momos
Established in 2016, Virgo Hospitality launched its flagship outlet, Kingdom of Momos. Since its inception, Kingdom of Momos has carved a niche in the bustling food scene of Delhi-NCR, known for its innovative and delectable offerings in the realm of Momos and Chinese delicacies. The brand’s unique proposition lies in its high-tech approach to street food, delivering a blend of traditional flavors with modern techniques.
Mission and Vision
The core mission of Kingdom of Momos is to elevate street food, transforming it into a culinary experience that reflects quality and hygiene. The brand is committed to providing value for money while ensuring that customers enjoy top-notch food and beverages. This mission aligns seamlessly with its vision of expanding rapidly across India, aiming to operate 100 outlets by the end of 2022.
Franchise Opportunity
As part of its growth strategy, Kingdom of Momos offers exciting franchise opportunities for aspiring entrepreneurs. The ideal franchisee profile is open to individuals passionate about joining the fast-growing food industry. Notably, prior experience in the food sector is not a prerequisite. What matters most is the willingness to embrace the challenges of the hospitality industry, alongside possessing or renting suitable property and the necessary investment capital.
Investment and Support
The franchise investment is structured at approximately Rs. 12-15 lakhs, excluding the franchise fee of Rs. 2,95,000. This competitive pricing opens the door for many aspiring business owners.
To ensure success, Kingdom of Momos provides comprehensive support. This includes exclusive territorial rights, expert assistance from the head office in setting up the franchise, and ongoing operational training. Franchisees receive a detailed SOP manual, on-the-job training for staff, and guidance on effective site selection. Additionally, the company supplies proprietary spices, ensuring consistency and quality across all outlets.
Operational Excellence
Franchisees benefit from a structured training program, covering everything from operational management to marketing strategies. Pre-launch and post-launch support are crucial for establishing a strong presence in the market. With a royalty structure of just 2%, the business model is designed to promote profitability for franchisees.
Kingdom of Momos, under the umbrella of Virgo Hospitality, stands out as a promising venture in the food industry. With its robust support system, clear mission, and dedication to quality, it offers an appealing opportunity for individuals looking to make their mark in the bustling world of street food.
Operations Commenced On 2016
Franchise Commenced On 2018
Investment INR 10lakh - 20lakh
Franchise/Brand Fee INR 295000
Royalty/Commission 2 %
Region Wise
Investment INR 10lakh - 20lakh
Unit Fee INR 295000
Master Fee INR 7000000
Commission 2 %
State Wise
Investment INR 10lakh - 20lakh
Unit/Brand Fee INR 295000
Master/Brand Fee INR 3500000
Royalty/Commission 2 %
City Wise
Investment INR 10lakh - 20lakh
Unit/Brand Fee INR 295000
Master/Brand Fee INR 1000000
Royalty/Commission 2 %
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 80 %
Likely pay back period of capital for a Unit Franchise 6-11 Months
Other investment requirements no
Haryana, Jammu and Kashmir, Delhi, Punjab, Uttarakhand, Uttar Pradesh
Telangana
- NA -
Rajasthan
Bihar, Jharkhand
Chandigarh
Type of property required for this franchise opportunity Commercial
Floor area requirement 150 - 250 Sq.ft
Preferred location of unit franchise outlet Busy market, Upscale colonies, Malls etc
Franchisee training location At the main outlet in Delhi
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 2 Years
Is the term renewable? Yes
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