Most profitable jewellery franchises in India
Buying gold jewellery is one of the most common purchases that we as Indians have to do at one or the other point in our lives. So whether it’s for a wedding or religious event, or just for investing people go online and look up things like today’s gold price in west Bengal or Mumbai. Hence, with this large customer base you can see why starting a jewellery franchise can be highly lucrative in India. So here we explain everything you need to know about owning your jewellery franchise.
What is a Franchise?
A franchise is a license that allows an individual (called the ‘franchisee’) to use an already established brand name and its products and services. This allows them to sell their products under the same brand name and grow their business. Although with this comes certain disadvantages like paying royalty fees, etc. But on the other hand, they can leverage their products and services by using the already established brand name and its reputation in the market
- Tanishq
One of the most popular brands in India is Tanishq and everyone knows about this brand. This is a very popular jewellery brand that is owned by the Titan Group of companies, which already has a huge customer base due to its watches. The basic details include that the investment required for a Tanishq franchise is between Rs 50 to 200 lakhs, including the infrastructure costs. The staff strength should be 10 members and the area requirement should be between 800 to 1000 sq. ft. The brand offers business owners a profit share as high as 90%. It has been providing quality jewellery products for more than 20 years now, and has over 300 stores across 100 cities in India and abroad as well. The popularity of brands like Tanishq is evident from the fact that everytime you look up things like gold rate today in Karimnagar or Agra your search engine will automatically suggest you the nearest Tanishq stores.
- PC Jewellers
PC Jewellers was founded by Balram Garg in 2005 and from then onwards it has grown steadily. This company also owns many other sub-brands under it such as Gili, Nakshatra and Asmi. The company is known for its unique designs and superior quality products with a wide range of gold, diamond, silver and platinum jewellery that meets customer expectations.
- Kalyan Jewellers
Kalyan Jewellers is another big brand when it comes to franchise opportunities. The company was founded in 1993 by T S Kalyanaraman who made it possible for this brand to acquire its present position with more than 120 outlets all over India. Hence they are also one of the most trusted brands in the country. They offer a wide range of gold, silver and diamond jewellery items in various collections like the Bridal collection, Diva collection, Antara collection and many more to their customers.
For getting their infrastructure you will have to put in an investment amount that ranges between 1 to 3 Crores, this also includes the infrastructure costs. The brand offers business owners a profit percentage of 80%.
- Malabar Gold and Diamonds
Malabar Gold and Diamonds is one of the best-known jewellery brands in India, they have over 225 stores spread across 10 countries including India, Nepal, Malaysia, Singapore, UAE, etc. The company has over 14000 employees and their turnover is around INR 25000 crores annually! This brand was established in 1993 by MP Ahammed.
The basic details that you need to know about this brand include: The investment amount which ranges from Rs 5 crore to Rs 20 crore and you also need to have an area of between 2000 sq ft to 6000 sq ft for the store. The brand also offers a profit percentage of 75% for their franchisees. They also need you to provide them with 8 members as staff for your store.
