Tanishq Franchise Cost, How to Get Franchise, Profit, Investment
What is Tanishq and what is Tanishq Franchise Cost?
When it comes to jewelry Tanishq has become a household name. The company has been manufacturing premium jewelry for quite a long time now. Interestingly, it is an Indian jewelry brand that is operated by Titan. Now, the prime owner of these subsidiaries, and brands is none other than everyone’s idol Ratan Tata.
Consumers of this brand have always appreciated the products sold by them. You get the best quality products from one of the best handicrafts from Tanishq. This brand from the Titan Group was founded way back in 1994 and its headquarters is located in Bangalore, Karnataka, India.
Now, over the years, this jewelry company did face a lot of competition from the Indian market. Still, the unique and catchy advertisements and products made the brand stand alone. Way back in 2003, due to its rapid growth in the market, the brand was among the top five retailers in India. Interestingly, this jewelry brand made around 40% of the Titan Company’s whole revenue.
Tanishq Market Demand and Scope
We all can agree on the fact that Tanishq is one of the leading retailers even today. This was and still is because they have targeted the right audience at the right time. To capture a good market area you must do thorough research on your product and the audience you are willing to target.
While Tanishq rolled out in the market, they did good research on whom to target. Now, targeting the right audience will get you high demand for products. Additionally, if you have good products the demand for them will automatically increase. On the other hand, the business scope to enter a similar market also increases.
The target audience of Tanishq is none other than middle-class and higher-class women. Both the targeted audience is always ready to pay a premium price for the jewelry they buy from any Tanishq outlet. The scope of this brand has always been to offer purity, superior creations, delight to the very worker, and customer equality.
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Tanishq Franchise Benefits
Everyone wants to become successful in their life. In the same way, you must choose the best franchise to become a successful franchise holder. If you are willing to open a franchise and that too of a jewelry product then Tanishq is the one for you. You do require a huge investment but, the return you will get will be awesome.
Now, if you have planned to open a Tanishq franchise then you are bound to get its benefits. Interestingly, opening any franchise in India you get a lot of benefits from the parent company. In the same way, you get a long list of benefits from opening a Tanishq jewelry franchise in your hometown.
Some of the benefits of opening a Tanishq franchise are the following:-
- Existing reputed brand name- When you open a Tanishq franchise, you are not just opening a building but, opening a reputable brand.
- New creations- Consumers are always attracted to products that are unique in the market. Interestingly, Tanishq ensures unique products are delivered to its franchises.
- Customer loyalty- If the brand selected has good customer loyalty then your franchise will have the same.
- Training offered by the company- Owning a jewelry shop is not easy. All the workers need proper safety training and education on all the products. Interestingly, all of those training and education is offered by the parent company.
- Profitable- Tanishq is one of those jewelry companies that offer a huge percentage of profit to the owner of the franchise. You are always at a profitable rate no matter the sale value.
How to contact Tanishq for Franchise?
Getting such a profitable business franchise could be a tough one for you. It is important for the people willing to open such franchises to do thorough research. You must be ready with all the plans, investments, and budget before opening a such franchise.
Now, to open a Tanishq jewelry franchise you can just visit https://www.titancompany.in/business-opportunity/franchising online. You do not need to visit any store manually to apply for a Tanishq jewelry franchise. Once you have visited this link click on “business division”.
After you have visited that section, a form will pop up. You must carefully fill in the details by double-checking them because once they are submitted they cannot be undone. Now, if you are shortlisted as per your details then a representative will contact you shortly.
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How to get Tanishq Franchise?
One must fulfill all the eligibility criteria to get a Tanishq franchise. Yes, filling out the form can be for free but, you must fulfill all the requirements to get a franchise. For all business franchises, you must fulfill their terms and conditions before getting a response from them in return.
In the same way, there are certain requirements to open a Tanishq franchise in India. Anyone just cannot be given the such a reputable franchise for business.
Requirements to open a Tanishq Franchise
Here are some requirements that you must have to become eligible:-
| Area required | 2000-5000 square feet |
| Compulsory | Computer/Internet connectivity |
| Billing counter | 1 |
| Trail Room | Optional |
| Product Display | Compulsory (must-have) |
| Air-conditioner | Compulsory |
| Area location | Busy market area |
These are some of the basic requirements that one must have before opening a Tanishq franchise.
Tanishq Franchise Cost and Investment
To open any business franchise you require investment, capital, or budget. Without having your capital you cannot open any business or its franchises anywhere. In the same way, to open a Tanishq jewelry one must have a proper budget to provide everything at their outlet.
If you fall short of budget then the dream will remain a dream. The total investment required to open a Tanishq franchise is Rs 15-20 crore for the small-town area and Rs 40-50 crore for the big-format.
This is just the investment for the whole Tanishq franchise project. You need to spend at least Rs 1.5 to 3 crores on the infrastructure itself. Interestingly, the infrastructure cost is included in the total investment.
Tanishq Profit Margin
Now, profit is what any franchise owner would expect from the business that they have set up. Fortunately, after opening a Tanishq franchise you start getting a return on your investment after 2-3 years. But, one must know that the return on investment from this jewelry business company is quite huge.
It surely is a profitable business in the Indian market. Now, around 75% commission is offered to the franchisee and 25% is taken by the franchisor. So, now, if you have an investment of Rs 40-50 crore then the return on investment for that is quite huge.
Unfortunately, we do not know if the company takes franchise fees or security fees as of now. But, even without that, you are surely going to face huge profit after 2 years minimum.
Conclusion
Opening any jewelry business has become profitable in today’s market. The Indian market has a lot of weddings each year so, jewelry is a must for all. That is where you and your famous franchise come in and serve them the best product. So, if you are thinking to open a jewelry franchise then Tanishq is the right one for you.