Monday, February 19, 2024
HomeFood & BeveragesHow to Get Tibet Momo Franchise? : Alternatives, Cost, & Profit

How to Get Tibet Momo Franchise? : Alternatives, Cost, & Profit

Have you been still searching for a profitable and lucrative business opportunities in India? Are you a passionate foodpreneur seeking to partner with a renowned brand specializing in Momos or Dumplings?

Perhaps you might be an young entrepreneur/hustler envisioning to make a career in food business in India. If you resonate with any of our thoughts, you should consider reading our in-depth coverage on Tibet Momo, A Momo franchise that requires an initial investment of ₹7 lakhs and carries the potential to offer a quick RoI in the segment.

The India’s food sector is certainly at unprecedented level and one should certainly perform the thorough brand research and market analysis, before taking their final call.

However, You search for another lucrative business will certainly conclude here, as at FranchiseGoal India, we aim to provide a bunch of exciting and emerging franchises, including numerous established food franchises that have solidified their presence in the industry.

In this comprehensive piece, we’ll shed light on the Tibet Momo Franchise, including its estimated cost, potential profit margins, and a few alternatives to it. Furthermore, we have also covered a few FAQs on it and answered them based on our findings.

Tibet Momo Franchise Opportunity
  • Company: Tibet Momo
  • Founded: 2016
  • HQ: Chennai, India
  • Industry: Food & Beverages
  • No. of outlet: 30+
  • Model: Franchise
  • Area served: India
  • Franchise Fee: ~ 1 Lakh
  • Profit Margin: ~ 25-45%
  • Area Required: Min. 200 sq ft
  • Total Initial Investment: ₹7 Lakh to ₹10 Lakh

Overview of Tibet Momo Franchise

Overview of Tibet Momo Franchise

After six years of intensive research and development, involving numerous trips from India to neighboring countries such as Tibet, the Himalayas, Nepal, Bhutan, and North Eastern India to craft the secret recipe for Momos and other fast-food offerings, Founder Hemanth Padharthi and his team successfully launched their first Tibet Momo outlet in their home state in 2016.

With a colossal customer base exceeding 50 lakhs and a mouthwatering selection of over 150 delectable food options, Tibet Momo has achieved a remarkable milestone, selling over 10 Crore momos through their modest 30+ outlets across India.

The chain offers several outlet models, ranging from an Express Cafe outlet to Quick Service restaurants and a Shop-in-Shop model, which allows interested candidates to choose their preferred business model based on their financial limitations.

As of September 2023, Tibet Momo operates over 30 outlets in India, with a predominant focus on Southern India. Furthermore, the chain is also actively seeking opportunities to expand its presence in other cities and is actively looking for promising franchisees who share a similar vision.

Interestingly, the chain hasn’t heavily focused on expanding its presence in other territories; instead, Tibet Momo has maintained a razor-sharp focus on offering a delightful and diverse menu that includes Momos, Fries, Noodles, Soups, Fried Rice, Shakes, and more, all at highly competitive prices.

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The Journey of Tibet Momo

Their humble beginning started with the quest to discover the original recipe of Tibetan momos and then later on enhanced their research for the PAN-ASIAN cuisine.

It nearly took their 6 year of R&D and over 20000 KM of trips to the Himalayas, Nepal, and other adjacent countries, to uncover their closely guarded secret recipe.

It currently garners an immense fan following of over 5 millions customers that takes pride in serving over 10 Crores of Momos to date.

With operating nearly 30+ outlets in Southern India, Tibet Momo is well poised to expand its presence and customer base in other states as well.


Key Facts on Tibet Momo

Sr No.TypePrivate
1Trade NameTibet Momo
2IndustryFast Food Restaurants
3Founded2016
4Founders Or Parent CompanyHemanth Padharthi
5Corporate HeadquartersChennai, Tamil Nadu
6Number of locationsOver 30 Outlets
7Area servedPAN India
8ModelFranchise
9Menu OfferingMomo, Fried Rice, Noodles, Soups,
and more
10RevenueNA
11Websitehttps://tibet-momo.com/index.html

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Why consider owning a Tibet Momo Franchise?

owning a Tibet Momo Franchise
  1. Capturing Market Share Amid Changing Eating Habits:
    • Over the last few years, there has been a significant surge in customers’ eating habits, with many opting for outside food options.
      • This change will eventually allow outlet owners to capture a significant share of the market in their locality.
  2. Low investment business model:
    • As an approved Tibet Momo outlet owner, you may not require a significant investment. According to its official website, one can opt for its franchises with a mere investment of approximately ₹7 lakhs.
  3. Tibet Momo’s Recipe for Success:
    • Tibet Momo embraces a Secret Recipe from Tibet and with strong standard operation procedure (SOP), Tibet Momo is certainly on a route to become one of the leading Momo chain in India.
  4. Attractive RoI and Profit Margin:
    • As a Tibet Momo outlet owner, one can certainly anticipate a healthy profit margin of at least 50-60%, and given its investment range, aspiring entrepreneurs can expect to recoup their investment in 12 to 24 months.
  5. Immense range of food options:
    • With over 150 delectable food options, Tibet Momo has unquestionably secured a significant market share and is gradually leading the race to become one of the world’s first brands to meet international standards for Asian cuisine.

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How much does a Tibet Momo Franchise Cost?

Tibet Momo Franchise Cost

Tibet Momo inaugurated its inaugural outlet in Chennai in 2016. Their distinctively crafted momos and other culinary delights, prepared using their secret recipe, have given them a competitive edge in the market.

At present, Tibet Momo offers three business models to the aspiring candidates looking to partner with them.

  1. Express Cafe Format
  2. Quick Service Restaurants
  3. Shop-in-Shop models

Unlike other International franchises like McDonald’s, KFC, and Burger King, To become one of the approved Tibet Momo Franchise Partner, one would at least require an initial investment of ₹7 lakhs for an outlet space of approximately 150 sq ft to 500 sq ft.

However, It is important to mention that the initial investment for the Tibet Momo will significantly vary depending on the outlet’s geographical location, available carpet area, and the amount required to furnish the given space.

How much is the Tibet Momo Franchise Fee?

Tibet Momo hasn’t provided the investment breakdown of its initial investment. However, considering its investment range, we expect its franchise fee to range between ₹50,000 to ₹1 lakh, excluding the GST for the basic model.

Additional Cost for Tibet Momo

Typically, to run and maintain a Tibet Momo outlet, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.

The on-going royalty fee for Tibet Momo Franchise in India could range between 5% 7%, which is basically calculated based on the monthly gross sales.

Type of FeeCost and Other Details
Franchise Fee₹50,000 – ₹ 1 Lakh
Required Space150 – 500 sq feet
Interior decor + Furniture₹ 1 lakh to ₹ 2 lakh
Equipment cost₹ 1 lakh to ₹ 2 lakh
Royalty Fee5-7%
Total Initial InvestmentApproximately 7 lakh

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How much is Tibet Momo Franchise Profit Margin?

Tibet Momo Franchise Profit Margin

As mentioned earlier, The franchise offers three distinct business models, which does requires a minimum space of at least 100 sq feet.

The net margin or the profitability of a single Tibet Momo outlet will eventually depend on the location (primary factor), average customer traffic at the outlet, and overall customer experience at the restaurants.

Nonetheless, considering the Tibet Momo’ robust presence in the home state, growing customer demand and popularity of its cuisines, extensive experience in operating multiple outlets, and quick serve food ranges, a franchise aspirants can certainly expect a net profit margin of approximately 25 -45% and its gross margin of 56%.

Furthermore, according to the brand’s projections, if a franchise prospect opens an outlet anywhere in the country and anticipates monthly sales of nearly ₹1,50,000, then after factoring in all expenses, one can expect a net profit margin of over ₹40,000, resulting in a ROI of approximately 101%.

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What are the requirements to start a Tibet Momo Franchise?

  1. First and most important – One should have the required funding to get a Tibet Momo outlet, and should be ready to invest at least ₹10 lakh.
  2. Interested applicants are advised to dedicate themselves to the Tibet Momo Franchise and follow the company standards and maintain their legacy.
  3. Interested applicants must undergo and complete the necessary training program offered by Tibet Momo’ team.
  4. Interested franchisees should have a passion to work in the fast-food industry and should possess the leadership and financial skills to operate a Tibet Momo food franchise.
  5. Applicants are expected to secure a suitable location that meets Tibet Momo’s requirements, such as high visibility, easy accessibility, and a plenty of parking space.

What are the alternatives to Tibet Momo Franchise?

Finding a lucrative food franchise within the given investment range can certainly be difficult at times. But no worries, you have our support.

Undoubtedly, Tibet Momo brings with it extensive background experience along with a delectable range of cuisine that is truly irresistible.

Nevertheless, it is important to mention that owning a franchise business requires an in-depth market research and competitor’s analysis, which can help you in taking an informed decision.

Here are a few alternatives:

Wow! Momo Franchise

Discussing a Momo franchise without conducting research on Wow! Momo would indeed be a significant oversight.

Wow Momo was founded in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo is undoubtedly one of the most popular and leading fast food restaurants in India, specializing in serving top-class Momos, Rolls, Rice Bowls, Desserts, and more.

At present, the chain operates over 350+ outlets across the several cities in India.

Like Tibet Momo, The initial investment for Wow! Momo starts at a minimum capital of ₹8 lakhs, that could potential go beyond ₹15 lakhs. The profit margin of Wow! Momo will also be approximately 35-45%.

Despite of its popular franchise demand, Wow! Momo doesn’t have a legit website (as per our finding). We could only find its verified Instagram handle.

Read more: Start a No.1 Royalty Free Wow Momo Franchise – Cost + Fee + Profit


Five Star Chicken Franchise

Originating in Thailand, Five Star Chicken made a grand entry into the Indian market in 2012. The chain is quite popular in Bengaluru and other Tier 1 and 2 Cities.

At present, the chain operates over 1100 outlets and aspiring to expand beyond this by partnering with the potential franchisees.

With its enticing array of cuisines and cost-effective business setup requirements, Five Star Chicken undeniably stands out as one of the top choices.

The initial investment for Five Star Chicken Franchise is nearly ₹ 4 lakhs to ₹ 5 lakhs with a small space of 150 sq feet.

Read more: Is Five Star Chicken Franchise Profitable? – How to Start, Cost, Fee


How to Get Tibet Momo Franchise?

Identify a prime location in a high-traffic area, secure an initial investment of approximately ₹10 lakhs, and you’re ready to venture into the thrilling realm of the Momo business. This opportunity offers not only low investment and low risk opportunities but also a business for long term.

The application process for Tibet Momo is quite simple and one need to follow the given steps to become one of their approved retail owner:

  1. Visit the Tibet Momo’s official website and navigate to the franchise partner page.
    • You need to fill in the basic details, such as Name, Email ID, Phone Number, and the personalized message containing the business proposal with the Tibet Momo.
Official Website for FranchiseFranchise Partner


Final Takeaway – Conclusion

Tibet Momo is certainly a rapidly growing fast food restaurants, specializing in serving a delicious range of Momo, Soups, Rice Bowls, Noodles, and other Asian cuisines at competitive pricing.

With its launch of first outlet in Chennai, Tibet Momo continued to expand its presence in the neighboring states, including, Karnataka, Kerala, Andhra Pradesh, and Telangana.

At present, the chain operates nearly 30+ outlets and had earlier set out an plan to take this count to 150 by March 2023, but the Pandemic slowed down its growth rate.

The Bottom Line : Undoubtedly, At the given investment range and diverse range of menu offerings, Tibet Momo franchise certainly seems like a lucrative business opportunity for entrepreneurs seeking to venture into the fast-food business at a low investment.

Nonetheless, we advise aspiring candidates to check with at least 4-5 Tibet Momo outlet owner and consult with your accountant to take your final decision.

Good Luck!! Happy Franchising!!

Want to explore more? Then check out below franchising opportunities.

Tea & Café FranchiseIce Cream FranchiseFood & BeveragesDeliveryDealership/DistributorshipBusiness Ideas, and Apparel Franchise


FAQ

  1. How much does it cost to start a Tibet Momo Franchise?

    Ans: To become an approved Tibet Momo restaurant owner, one may need to have an initial investment of ₹10 lakhs and a floor area of at least 150 sq feet to 500 sq feet.

  2. Is Tibet Momo Franchise Profitable?

    Ans: While the chain hasn’t revealed the financial reports of its existing franchise outlets, the brand’s projections suggest that an outlet situated in a prime location, with monthly sales of at least ₹1,50,000, could expect a monthly net income of approximately ₹40,000.

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