Monginis to open 200+ exclusive Cake Shops Pan India, enter six states by this fiscal.
Established in 1956, Monginis known for its bakery and confectionery products has entered franchising in 1971. Inspite of having only one product on their portfolio the brand has reached a phenomenal number trading on its quality and consistency. “Monginis is a Family Celebration Brand - it stands for Quality, Freshness & Consistency,” believe the Owners.
Monginis is currently running 725+ exclusive Cake Shops Pan India. All cake shops are franchised owned. As a brand, Monginis is emphasizing on implementing the expansion plan as decided and achieve the geographic growth as well as sales turnover growth in upcoming years.
In India it is one of its kinds, reaching newer benchmarks in operational & logistical excellence. “Monginis plans to open six states & 200+ cake shops in the financial year alone.
No other brand can strike a balance between expansion & consolidation like us,” add the Owners. No brand can strike a healthy top line as well as bottom line in just one year. The unique and dynamic business model gives the entrepreneur a turnaround before he knows it. But moreover, the engagement & passion built in this kind of a business is unmatched.
No. of stores (company-owned + franchise) : 725 + cake shops, all franchise owned
Investment required: 15 lacs apprx (Property should be owned basis)
Area required: 250 to 300 sq. ft & above
Expected RoI: 15% to 20%
Expected break-even: 2 years to 3 years
Preferred cities & location: Pan India