Started in 2004 with a single store in Kalyan, Mumbai, India, Goli Vada Pav sells authentic and hygienic Mumbai Vada pavs and is the largest chain of ethnic QSR with 300+ stores in 100 cities of 20 states in India.
“We as entrepreneurs are here to evolve this planet to the next level through products, services, imagination, exploration and innovation. It’s like larva becoming caterpillar and then becoming butterfly… the struggle will continue. But at the end you will have a beautiful butterfly”, said Venkatesh Iyer, Founder, Goli Vada Pav.
“We sell authentic and hygienic Mumbai vadapavs and we are the largest chain of ethnic QSR with 300+ stores in 100 cities of 20 states in India”, added Iyer.
Franchise Network
Goli Vada Pav started franchising within a few months of their first store launch to drive deeper market penetration for the brand as they had dreamt of building a national chain of Vadapav. The benefits were New Income source, Operational empowerment, deeper market penetration, Risk reduction.
Goli Vada Pav has been on a fast track growth path Y-o-Y. 2017 was no different where we opened 50 new stores and expanded our presence in cities like Visakhapatnam, Rajahmundry, Vellore, etc. Over the next one year, we plan to open 100 more stores across locations like Hyderabad, Vizag, Chennai, Pune, Jaipur, Ahmedabad, Bhopal, and Indore.
“Our aim is to be to be the No. 1 ethnic fast food chain of quick service restaurants by retaining authentic Indian taste and maintain highest hygiene standards in food quality. We are on a mission to create more entrepreneurs and spread the spirit of entrepreneurship among young business enthusiasts”, added Iyer.
FRANCHISE FACTS
Year of establishment: 2004
Year to start franchising: 2004
Total No. of stores: 300
Break up of company-owned + franchise stores: 40 +260
Investment required: 10-12 Lacs
Area required: 200 Sqft
Expected break-even:6-8 months
Preferred cities & location: Across India
The journey began with one humble shop in Fort, Mumbai and grew to over one thousand locations throughout India under the inspiring vision of Mr. Huseni Khorakiwala in the early 1956. Since then, the family has combined their years of experience with the vision of a community of collaborative shop owners, suppliers and other partners working together to create a brand name in the market to grow their business to what it is today.
Great quality, service, and ethics have developed Monginis into a household name with our 840+ outlets. On an average 1,40,000 customers visit our cake shop daily across the country. Our Cake Shops owners are dedicated to the absolute satisfaction of the customer.
Why So Successful?
Established iin the year 1956, Monginis is one of its kinds, reaching newer benchmarks in Operational & logistical excellence. Monginis plans to open 3 states & 200+ cake shops in the financial year alone. No other brand can strike a balance between expansion & consolidation like MONGINIS. 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
“As a Brand, Khorakiwala says,” We are emphasizing on implementing the expansion plans as decided and achieve the geographic growth as well as sales turnover growth in upcoming years.”
Franchise Network
Started franchising in the year 1971, we are 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 3 states & 200+ cake shops in the financial year alone. In order to achieve this, the family offers franchises to budding entrepreneurs & distributors partnering with them to ensure success and excellence.
“No other brand can strike a balance between expansion & consolidation like MONGINIS”, said Khorakiwala.
FRANCHISE FACTS
Total No. of stores: 840+ exclusive Cake Shops PAN INDIA.
Break up of company-owned + franchise stores: All Cake Shops are franchised owned
Investment required: 15 lacs – 18 lacs apprx (Property should be owned basis)
Area required (in sq ft): 250 SQ. FT minimum
Expected RoI: 15% to 20%
Expected break-even: 12 months
Preferred cities & location:Delhi,Hyderabad
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