Mio Amore Franchise Cost in India – Profit Margin, Monthly Income
Mio Amore Franchise Introduction
Are you looking to open or invest in a bakery and Confectionary outlet? Mio Amore is one of the options you should consider. You will learn in this post about, How to open Mio Amore Franchise? It’s cost, Profit, Requirement, and contact details of Mio Amore.
One of the recently-established bakery shops in India to become highly successful is Mio Amore. Starting in 2015, the cake shop or bakery company has already become one of the largest retail bakeries in East India.
This cake shop offers the widest range of bakery products and confectionary wares in Eastern India. The snack-related products sold by this bakery company are just awesome.
What Is Mio Amore Franchise in India
Mio Amore is the popular Bakery and Confectionary franchise in the eastern part of India, it is famous for its cakes, cupcakes, cookies, and veg & Non-veg food items. With each passing year, Mio Amore has overtaken many established brands in the cake and bakery sector.
Mio Amore has a huge customer base in the eastern part of India. They have 300+ outlets only in West Bengal and Odisha, it is enough to understand the popularity and demand of a brand called Mio Amore.
Explore more: Top 10 MOMOS Franchise in India
History & Overview: Mio Amore Franchise
Who is the owner of Mio Amore?
Mio Amore was founded by Mr. Arnab Basu in 1992. Mio Amore means “My Dearest”, It is an Italian Word. Old brand Monginis was introduced to Kolkata with local partner Mr. Basu in 1992. After disputes, all of the Monginis shops were rebranded as Mio Amore in 2015.
Mio Amore was also associated with other multinational brands such as Britannia and ITC as a supplier of their products.
Mio Amore is a successful Franchise in the eastern part of India and now they are looking to expand their brand to other parts of India. Do read this article till the end if you are looking for your own Mio Amore Franchise, you will have all the details here.
How to Get Mio Amore Franchise?
The name of the Mio Amore outlet is an asset and it's ensuring a quick return on the investment. They are an experienced food chain and have had a great reputation for the last 25 years. Products at the Mio Amore outlet are budget-friendly where Customers love to revisit. So quality and brand value are already there, Menu is also people-friendly and always updated as per the current trend.
As a Franchise holder, you don't need to take any extra stress, they guide you on food preparation, distribution, customer approach, and maintaining the brand.
| 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 Margin | 20% on MRP |
Requirements for Mio Amore Franchise
Training and support
You will require to hire at least 2-3 people working at your Mio Amore franchise. Other than that, Mio Amore offers in-depth training to business owners and workers. They offer marketing and strategic operations to workers and business owners.
The concerned department at Mio Amore offers great assistance and support. Whenever you contact them they are always ready to give you a solution to the problem.
Experience required to get Mio Amore Franchise
Experience is always a plus. If one has experience in the food and franchise business, Mio Amore does prefer them before newbies. As we mentioned earlier Mio Amore does provide proper training and education to their outlet holders.
Area Requirement for Mio Amore Franchise
Franchise Owner preferred at least 250 sq. ft. carpet area on the ground floor.
Mio Amore Franchise Location
Location with some public movement is a go-to location for Franchises like Mio Amore. If you think that you will be able to sell cakes or pastries to the customer from that particular location, then you do not need to think much. Anyways, Mio Amore's brand value will definitely help to attract people. A new Mio Amore Franchise should have at least a minimum distance of 2 km from the nearest outlet of the same franchise.
Mio Amore Franchise Cost
Mio Amor Franchise can cost around INR 12 lakhs. We can break total Franchise cost as below mentioned:
Advance Deposit – INR 2 lakhs
Security Deposit – INR 5 lakhs
Interior Decoration Cost – INR 5 lakhs
Here is the detailed guide about the MIO Amore Franchise Cost :
Mio Amore Franchise Initial Franchise Cost
Mio Amore franchise cost ranges between Rs 30-40 Lakhs. Other than this, the bakery shop does take a registration fee of Rs 12 lakhs. Now, with this franchise fee, you can easily open up a store consisting of furniture, a billing desk, one counter, a full kitchen setup, and many more.
The franchise fee asked from Mio Amore is slightly expensive as compared to its competitors. But, one thing this company guarantees is a good profit margin. Now, a good profit margin is what everyone looks for in a business.
Development Costs
Development cost is the sum of all costs for opening a franchise. Now, under development costs, you have administration, site acquisition, construction, equipment, planning, and many more. To build a well-planned Mio Amore franchise all of these parameters must be done properly.
Unfortunately, we cannot give an exact development cost as it all depends on the location and demand. Still, the average breakdown cost of opening a Mio Amore store is given below:-
- Interior works-Rs 2-3 Lakhs
- Equipment- Rs 3 Lakhs
- Furniture (including billing desk, chairs, table)- Rs 50k- Rs 1 lakh
- Computer and Internet Connection- Rs 40-50k
- Miscellaneous expenses : Rs 40-50k
Advertisement Fee
Some of the heavy investments such as research, development, and advertisements (some parts are taken care of by the parent company. Mio Amore does not force its franchisee to invest in advertising products. If you open up a Mio Amore franchise it becomes your duty to spread the knowledge to other people in the market.
If some new product comes up then the pamphlets, leaflets, and brochures of those are sent by the company. You will need to pay a minimum amount of Rs 25-40k for advertisement. In some cases, handouts, brochures, leaflets, and pamphlets are sent for free.
Total Investment for Mio Amore Franchise
Any well-established franchise needs a good enough investment. Around INR 12 lakhs is a franchise and design costs, but there are other expenses as well. That investment includes rent of the outlet space, electricity bill, salary of the employee, and other maintenance costs. This all depends on the city and area location.
Mio Amore Franchise Agreement Terms & Conditions
Franchise holders prefer up to 5 years of the agreement. In most cases, it is between 3 to 5 years which one can extend as per convenience.
Mio Amore Franchise return on investment ( ROI )
The profit margin for franchise holders is 20% on the MRP of the Product. Mostly profit margin is not exactly 20% on every product but you can take 20% on average. The return on Investment is not that huge but considering it is a famous bakery chain, one can expect a large turnover that could be a good deal for a handsome return.
Is Mio Amore Franchise Profitable?
The first question that comes to mind is, Is really Mio Amore Franchise Profitable with around 20% of profit margin on MRP? well, it is already answered. It depends on turnover. Overall Mio Amore is considered to be one the of good investment opportunities which is profitable in long run.
How to Apply for Mio Amore Franchise in India
It is a simple online process. Before applying you need to prepare yourself with the required budget and possible outlet space. After that, all you need is to fill out the form from the official website of Mio Amore and their office will contact you for further procedures.
Mio Amore Franchise Contact Details
Email: [email protected]
Phone: 9051608000 (between 10 A.M to 6 P.M on all days
Should you go for Mio Amore Franchise: The Conclusion
So, this is how you can apply for Mio Amore Franchise. Mio Amore is aiming to expand their Franchise model and if you are looking for investment in bakery and Confectionary outlets, Mio Amore should be on your list. The advantage of Mio Amore is, they are serving veg and nonvegetarian products at the same time that allowing more customers for franchise holders. We hope this article will help you to understand the business model of Mio Amore.
What is the royalty fee for the Mio Amore franchise?
The agreement for a Mio Amore franchise is normally created for three years. So, you will need to pay a royalty fee of 15% for three long years to the parent company. However, the agreement is always renewable and it all depends on the franchisee.
How much manpower is required to run a Mio Amore Franchise?
The minimum requirement of employees at the Mio Amore outlet is 2 to 3. further it depends on the size of the shop and the customer rush to the shop. Some of the Mio Amore franchises required up to 10-12 employees, especially in big cities like Kolkata and Delhi.