If I Would Like To Start A Franchise With Mio Amore, How Do I Do That?
Cake's popularity on the Indian market has increased each year due to its popularity. This is especially true for the current generation, which seems to include cake at every occasion.
The opportunity to take over any cake shop franchise currently available on the market can be taken advantage of if you see it as a good fit for you.
When buying a franchise, there are several important aspects to consider.
A Look at Mio Amore
Founded in 1992, Mio Amore has grown to become one of the most renowned bakeries and confectioneries in West Bengal and Odisha. In Kolkata, West Bengal, India, the company was founded.
Over 300 Mio Amore outlets operate in India, the majority of which are franchises.
Cakes, cookies, savories, sweets, and chocolates from Mio Amore are famous and in demand in West Bengal and Odisha.
Licensing and registration require certain requirements
Licenses and certificates are required to open a Mio Amore franchise:
It is possible to form a sole proprietorship, a limited liability partnership, or a private limited company
· License from the Food Safety and Standards Authority of India
First, obtain a business license from the local municipality
Establishment and shop registration
· Registration with the GST
Here is a letter of approval from the local fire department
· Municipality's sign license for signage
If business insurance is required, you should obtain it immediately.
SIDBI bank offers business loans.
Space is a Requirement for Franchises
A Mio Amore franchise requires a minimum of 250 square feet of space. If you want to establish a business on a street with high foot traffic, consider a location near a renowned market or shopping street.
Franchise fees and costs
You will need to invest Rs 9 lakh to become a franchisee of Mio Amor. The size and location of your store will influence the amount you invest.
The following is a breakdown of the amount that was mentioned above:
You will need to pay 2 lakhs to become a franchisee
Two lakhs to three lakhs for interior works for the shop
It is estimated that the cooling counter and other equipment will cost three lakhs
The miscellaneous expenses total 45,000 rupees
Depending on the location you choose, you will have to pay a security deposit of 40,000 rupees.
There are several monthly expenses, including employee salaries, royalties of 15%, raw material acquisition, rent, utility bills, and packaging materials.
Profit Margin of Mio Amore
A profit margin of up to 30% is possible after deducting the royalty fee.
Mio Amore Franchises: What You Need To Know
For more information about the Mio Amore Franchise, please fill out the Registration Form.
Contact forms are also available on the official website.
We will connect you with your local Mio Amore business development manager as soon as you contact us. You need a business development manager to develop your cake shop.