What Is Mio Amore Franchise in India?
It sells cakes, cupcakes, cookies, and vegetarian and non-vegetarian food items in the eastern part of India. Cake and bakery brands are losing ground to Mio Amore as time passes. The eastern part of India is home to a large customer base for Mio Amore. West Bengal and Odisha are home to more than 300 stores. A brand called Mio Amore is popular and in high demand.
A Brief History and Overview of The Mio Amore Franchise
How did Mio Amore come to be owned by you?
Mio Amore was founded in 1992 by Arnab Basu. An Italian word that means "My Dearest". The old brand Monginis was introduced to Kolkata in 1992 by Mr. Basu, a local partner. All Monginis shops were rebranded by Mio Amore in 2015 after disputes ensued.
Mio Amore products are supplied by multinational brands such as Britannia and ITC.
After being successful in East India, Mio Amore is now looking to expand into other parts of the country. If you are interested in a franchise with Mio Amore, you should read the entire article.
What is The Process For Getting a Mio Amore Franchise?
The brand name of Mio Amore ensures an immediate return on investment. Their food chain has been around for over 25 years. With Mio Amore, you'll find a budget-friendly selection of products that you'll love. Additionally, the menu is always updated according to the latest trends, as well as quality and brand value. As a franchise holder, you don't have to worry about preparing food, distributing it, and serving your customers.
Model
Bakery and Cafe
Space
250 sq. ft.
Advance Deposit
INR 2 lakhs
Security Deposit
INR 5 lakhs
Interior Decoration Cost
INR 5 lakhs
Total Franchise Cost
INR 12 lakhs
ROI
1 to 1.5 year
Profit Margine
20% on MRP
Requirements for Mio Amore Franchise
The Experience Requirements are as Follows:
It never hurts to be educated. Experienced franchisees and food sell better at Mio Amore than newcomers. The Mio Amore team teaches and trains. As we mentioned, the outlet works well.
Mio Amore Franchise Location
Locations with some public movement are preferred by franchises like Mio Amore. Your customers may be able to purchase cakes or pastries from that particular location. As a result of Mio Amore's brand value, it will be easier to attract customers. Mio Amore recommends that new franchises be at least two kilometers from their nearest outlet.
Cost of a Mio Amore Franchise
INR 12 lakhs can be spent on a Mio Amore franchise. The following are breakdowns of franchise costs:
Advance Deposit – INR 2 lakhs
Security Deposit – INR 5 lakhs
Interior Decoration Cost – INR 5 lakhs
Mio Amore Franchise Investment
The importance of investing in a well-established franchise cannot be overstated. Franchise costs and design costs are around INR 12 lakhs, but other expenses also apply. Rent, electricity, salaries, and other maintenance costs are included in the investment. This will vary depending on the city and region.
Terms and Conditions of the Mio Amore Franchise Agreement
There should be a five-year franchise agreement. People typically extend it for three to five years, depending on their convenience.
Requirements For The Area
Franchise owners prefer a minimum of 250 square feet. There is carpet on the ground floor.