Lately, Mie Gacoan has been gaining popularity among the people in Indonesia. This dining place offers a unique menu, namely spicy fried noodles with spiciness measured in terms of levels and several interesting side dishes. Combined with very affordable prices, this business is rarely without visitors.
This is what makes the Mie Gacoan franchise a hot topic. With a low capital, you can buy a Mie Gacoan franchise that is always crowded with visitors. For those of you interested in entering the business world, especially the Mie Gacoan franchise business, here are the cost estimates and how to register.
1. Overview of Mie Gacoan
Before preparing funds for the Mie Gacoan franchise costs, you need to know about this restaurant and what they aim to achieve.
1.1 About Mie Gacoan
Mie Gacoan is a trademark of a leading spicy noodle restaurant network in Indonesia, which is part of the subsidiary of PT Pesta Pora Abadi. Established in early 2016, the Mie Gacoan brand has now developed into a market leader, especially in the provinces of East Java, Central Java, West Java, Bali, and is taking strong steps to expand its coverage into the number 1 brand nationally. Mie Gacoan franchises are already available in many areas such as Jakarta, Yogyakarta, Surabaya, Bandung, and others.
With a modern concept and affordable prices, Mie Gacoan has gained remarkable recognition in every market where its services are available, serving tens of thousands of customers every month. Therefore, Mie Gacoan will continue to prioritize innovation to ensure that the business remains relevant and the top choice for their loyal customers.
The name Mie Gacoan is inspired by the term "Gaco," which means champion or flagship in Javanese. Therefore, it is not surprising that Mie Gacoan has become a favorite dining destination for Indonesian people, especially among students, pupils, and families. With an attractive, trendy, and comfortable restaurant atmosphere, equipped with various facilities, it makes every visitor feel comfortable and always want to come back.
1.2 Vision and Mission
Vision: To become the best and largest F&B retail brand with international standards of service, products, and cleanliness.
Mission:
- Providing the best products at very affordable prices for middle-class customers.
- Creating the best and sustainable customer experience.
- Bringing Indonesia's name into the world F&B map.
1.3 Owner of the Mie Gacoan Brand
The owner of the Mie Gacoan brand is named Anton Kurniawan. There is not much information about him, but the success of Mie Gacoan is inseparable from Anton's role as the founder and CEO of PT Pesta Pora Abadi (Mie Gacoan). With his creativity in branding and marketing and attractive packaging design, he has succeeded in attracting consumers to be interested in dining at Mie Gacoan.
Harris Kristanto's name is also well known as the owner of the Mie Gacoan brand. However, Harris currently serves as the Human Resources Director at Mie Gacoan since 2017 and has affirmed that he is not the owner of Mie Gacoan.
2. Advantages of the Mie Gacoan Franchise
Of course, the Mie Gacoan franchise has many advantages. Besides the promising daily turnover of Mie Gacoan, here are other advantages if you decide to franchise Mie Gacoan:
2.1 Well-Known Brand
Mie Gacoan business and franchises have been established since 2016 and gained popularity from 2019 to the present. Therefore, if you decide to open a Mie Gacoan franchise, you don't need to think hard about promoting this franchise business.
2.2 Easily Accessible
Mie Gacoan franchises are already spread across various locations. From Bandung, Bali, Malang, to Yogyakarta. Undoubtedly, this indicates that the Mie Gacoan franchise is not a fly-by-night business and has many enthusiasts. The products offered are also popular among many people, so there's no need to worry about the taste.
2.3 Unique Taste
Mie Gacoan is an innovation from the existing noodle variants in Indonesia. Mie Gacoan offers noodles with a different spicy taste. With spiciness levels that can be adjusted according to taste, Mie Gacoan offers flavors ranging from savory, salty to sweet. Not only noodles, but the side dishes and drinks in this restaurant are also unique and delicious. This can be an advantage if you decide to open a Mie Gacoan franchise.
2.4 Comfortable Place
Mie Gacoan offers spacious and suitable places for hanging out. This is what makes many students and university students often come and become loyal customers of this Mie Gacoan franchise.
2.5 Affordable Price
The main reason why Mie Gacoan franchises are popular among many people is because of their affordable prices, pocket-friendly for the public, and generous portions. The prices start from Rp 8,000 where you already get spicy noodles with a level according to your taste with a sprinkling of chicken and chicken dumplings.
3. Mie Gacoan Franchise Costs
Before discussing further on how to register for a Mie Gacoan franchise, it is advisable to first estimate the costs of a Mie Gacoan franchise. This way, you can better prepare yourself. As reported by Hops Id, here are the estimated costs of a Mie Gacoan franchise that you can prepare:
3.1 Investment Costs
Estimate: Rp 550 million - Rp 650 million with the breakdown as follows:
- Rental space: Rp 100 million to Rp 200 million per year adjusting to the location. Must have strategic land or space.
- Franchise fee: +- Rp 125 million
- Building renovation: Rp 100 million adjusting to the condition of the building
- Kitchen equipment (cooking utensils, stoves, etc.): Rp 105 million
- Other equipment (cashier, chairs, tables, etc.): +- Rp 120 million
3.2 Monthly Raw Material Costs
Estimate: Rp 81 million with the breakdown as follows:
- Food ingredients: Rp 1.5 million x 30 days = Rp 45 million
- Beverage ingredients: Rp 800 thousand x 30 days = Rp 24 million
- Spices: Rp 400 thousand x 30 days = Rp 12 million
Total raw material capital for 1 month: Rp 45 million + Rp 24 million + Rp 12 million = Rp 81 million
3.3 Operational Costs for 1 Month
Estimate: Rp 43 million with the breakdown as follows:
- Employee salaries: Rp 3 million x 10 people = Rp 30 million
- Rental space: Rp 10 million
- Electricity, Water, and Gas: Rp 3 million
3.4 Profit Estimate
Profit Formula = Revenue - Total Costs
- Revenue assumed Rp 300 portions per day
Taken from the average price per portion = Rp 15,000 (noodles + drink)
300 portions x Rp 15,000 x 30 days = Rp 135,000,000
- Total Costs (Raw Material + Operational Costs)
Rp 81,000,000 + Rp 43,000,000 = Rp 124,000,000
Monthly Profit: Rp 135,000,000 - Rp 124,000,000 = Rp 11,000,000/month
4. How to Register and Tips for Opening a Mie Gacoan Franchise
If you are interested after discussing the advantages of Mie Gacoan and the costs for the Mie Gacoan franchise, here's how to apply for a Mie Gacoan franchise and tips for opening a Mie Gacoan franchise:
4.1 How to Register for a Mie Gacoan Franchise
- Visit the official Mie Gacoan website at www.miegacoan.com.
- Click on the "Contact" menu located in the top right corner of the page.
- Fill out the registration form provided.
- Wait for confirmation from the Mie Gacoan team.
After registration, you will be contacted by the Mie Gacoan team for verification and interview processes.
If you successfully pass the selection, you will be asked to pay the initial franchise fee and training costs. Once all requirements are met, you will officially become a Mie Gacoan partner. Next, you can prepare your Mie Gacoan outlet.
4.2 Tips for Opening a Mie Gacoan Franchise
Here are some guidelines for opening a Mie Gacoan franchise:
- Select a Strategic Location:
Choose a strategic location to make it easier to reach potential customers.
- Sufficient Capital Availability:
Ensure that the capital you have is sufficient to smoothly run business operations.
- Conduct Market Research:
Conduct thorough market research to understand the business opportunities and challenges in the area where you plan to open your outlet.
- Participate in Mie Gacoan Training:
Participate in the training provided by the Mie Gacoan team, as this will help you understand how to effectively manage your Mie Gacoan outlet.
By following these steps, it is hoped that the opening of a Mie Gacoan franchise can run successfully and efficiently.
5. How to Obtain Franchise Business Capital
Along with the rapid development of technology, applying for business capital loans has become easier and faster. With business capital, you can pay for the necessary expenses for the Mie Gacoan franchise such as monthly operational costs, employee salaries, and business equipment and supplies. One thing you can do is borrow capital from various sources. The types of loans you can consider are as follows:
5.1 Unsecured Loans (KTA)
KTA, which stands for Unsecured Loans, is a financing product provided by banking institutions for customers who want to apply for loans without the need to provide collateral. The main attraction of KTA lies in the ease of the loan application process, making it popular among many borrowers.
Prospective borrowers can apply for loans without providing collateral or guarantees to the lender, which in this case is the Bank. The lender will assess the creditworthiness of the prospective borrower through the credit history of the prospective borrower, which includes the use of credit cards, car or motorcycle loans, mortgages, or online loans. Generally, banks set a maximum KTA limit of around Rp 200 to 300 million. One of the main advantages of KTA is that banks often offer low interest rates and fixed monthly installments.
5.2 Online Loans
Online loans (peer-to-peer lending) are currently on the rise. Applying for financing in online loans is relatively easy because it does not require complex requirements and collateral. Therefore, this type of financing is becoming popular among the public due to its ease. Usually, the online loan financing method does not require asset collateral requirements. Thus, it is easier compared to applying for financing that requires collateral.
Application requirements include attaching an ID card, Taxpayer Identification Number (NPWP), and original salary slip. If registering using an application, generally you will be asked to include a selfie photo with your ID card. Prospective borrowers are required to be at least 21 years old and a maximum of 60 years old.
5.3 People's Business Credit (KUR)
This type of business capital financing is specifically intended for Micro, Small, and Medium Enterprises (MSMEs) owners. The requirements include business operations that have been running for a minimum of 6 months (requirements may vary by lender). Applications can be submitted to several government banks that have collaborated. Generally, the offered interest rates range from low, starting from 10% to 15% per year.
Individual People's Business Credit (KUR) applications involve administrative requirements such as ID card, Family Card, and business license. In addition, prospective debtors are required to have operated their business for at least 6 months and not currently receive productive credit from banking institutions or government credit programs.
5.4 Cooperatives
You can also apply for business capital loans through Savings and Loan Cooperatives. Considering the cooperative principle is based on kinship, you must be a member of the Cooperative to apply for a loan. The advantage of this Cooperative Savings and Loan system is the distribution of Business Results. Every surplus fund will be distributed equally to its members.
Generally, the requirements for loan applications in Savings and Loan Cooperatives are photocopies of ID cards, Family Cards, salary slips, loan application forms, and photocopies of Property Tax or electricity bills.
5.5 Multipurpose Financing
Multipurpose Financing is a form of financing intended to obtain goods or services needed by the debtor, whether for personal use, consumption, or business needs, by providing assets as collateral to the lender. The types of assets commonly used include vehicle registration certificates or house certificates.
The advantages of applying for a loan through multipurpose financing include:
- Large loan ceiling
- Long payment tenure
- Significantly higher funding amounts
One trusted multipurpose financing company is BFI Finance. BFI Finance is a financing company that provides multipurpose loans with vehicle registration certificates, house certificates, or shop certificates as collateral for your needs. Apply for financing at BFI Finance, with a quick and easy process. BFI Finance provides conventional credit financing with collateral that can be your solution.
