Hello Guys, Today we will read about the Tanishq franchise Business. If you want to start a business in Jewelry. Then, you can go for the Tanishq franchise. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of a Tanishq franchise, Tanishq franchise Profit or loss, Space required for the Tanishq franchise, and more about how to get a Tanishq franchise in India in 2023.
Company Details of Tanishq
The Tanishq brand was started in 1994 by Xerxes Desai. Tanishq was established in 1994 in Bangalore, Karnataka, India.
| Website:- | https://www.tanishq.co.in/ |
| Founders:- | Xerxes Desai |
| Headquarters:- | Bangalore, Karnataka, India |
| Product:- | Gold jewelry, Diamond jewelry, etc. |
| Industry:- | Jewelry |
| CEO:- | Ajoy Chawla |
Products of Tanishq
- Gold jewelry
- Diamond Jewelry
- Silver Jewelry
- Coins
- Gifts
Benefits of the Tanishq franchise
Tanishq is a popular Jewelry Franchise in India. There are several benefits to owning a Tanishq franchise. Tanishq is one of the trusted and low-cost investment Businesses in Jewelry. You will get a 100 % guarantee of earning with a good return on investment.
- Tanishq is one of the largest Jewelry chains in India.
- Tanishq provides 22-carat original gold.
- Tanishq is one of the leading brands and has further than 418 stores in India.
- In India, there are more than 418 Stores in 50 different metropolises.
- The company provides all types of marketing and promotional support to the ballot.
Requirements for a Tanishq franchise
- Area requirements:- To open a Tanishq store Franchise you want a minimum area is 2000-5000 square feet.
- Employer’s requirements:- You need a minimum of 8 Employers to operate your store.
- To be Financially strong to invest in the business, Should have basic knowledge of the business.
Eligibility for a Tanishq franchise
- The owner should follow all terms and conditions of Tanishq company.
- You must have proper money Investment to open this franchise.
- Must have a proper space in a good location for the outlet.
- The owner must know about running an outlet.
- Applicant should be more than 21 years old.
Tanishq Franchise Cost in India
The cost of a Tanishq franchise depends on many factors like a franchise fee, location, size of the shop, equipment required, etc. According to Tanishq, the total investment is approximately Rs. 15 Crore to Rs. 50 Crore.
- Franchise Fee:- The franchise cost of a Tanishq franchise is Rs. 30-50 lakhs in India.
- Investment in Store:- The Investment in setting up the store Tanishq is Rs. 10 Crore to Rs. 25 Crore. depending on location in India. It includes the cost of equipment, and furniture, and the investment depends on store size and structure.
- Security Deposit:- The Security Deposit depends on the shop’s location.
- Working capital:- The staff salaries, cost of inventory, and other operational expenses.
Space Required for Tanishq Outlet
Tanishq store space depends on the size of the store. A minimum space of 2000-5000 square feet space is needed to start the Tanishq franchise. If you taking a store on rent then remember the rent of a store in a prime location may be too high.
Documents & Licence
- First, you have to Register your Business with the (Roc) Registrar of Companies and get your certificate of incorporation.
- ID Proof:- Aadhaar Card and PAN card.
- Address Proof:- Ration Card, Electricity Bill.
- Bank Account with Passbook.
- Photo, Email ID, Phone Number.
- Fire safety certificate.
- GST Number.
- Standard franchise agreement.
- Rental agreement.
- In the end, you’ll need to obtain insurance coverage for your business.
Tanishq Franchise Profits and Margin:
Tanishq is one of the largest Jewelry chains in India and it’s trending nowadays. In the future, Tanishq can be the First largest Jewelry brand in India. So, Everyone wants to take a franchise of Tanishq but they have only one question what will the Profits and Margin of Tanishq? So, today we will clarify the margin and profit of Tanishq.
A Tanishq franchise can generate a net profit margin of 25%. This means that for every Rs 100 in deals, a franchisee can anticipate earning Rs 25 in net profit. According to assiduity estimates, the average ROI for a Tanishq in India is around 18-24 months. This means that a franchisee can anticipate to break indeed and start earning gains after around 1.5- 2 times of operation.
How to apply for the Tanishq Franchise in India?
- First, you have to go to the official site of Tanishq India.
- https://www.tanishq.co.in/
- Then click on the “Contact Us” tab and send a request for a callback.
- Contact and meet the local Tanishq Field Development Agent.
- Carefully read all the agreements before doing any signatures.
- After all the processes pay the franchise fee.
- then you will owner of the Tanishq franchise.
Tanishq Franchise Contact Details
If you are getting any issues or you want to take a franchise Tanishq then you can contact them from here. All details are mentioned below:-
Address: Golden Enclave, Titan Tower, Airport Road, Bangalore 560017, Karnataka, India
Website: https://www.tanishq.co.in/
Email ID: [email protected]
Frequently Asked Questions of Tanishq:
Q 1. What is a Tanishq franchise?
Ans: Tanishq is a popular Jewelry Franchise in India. There are several benefits to owning a Tanishq franchise. Tanishq is one of the trusted and low-cost investment Businesses in Jewelry.
Q 2. What is the cost of a Tanishq franchise in India?
Ans The cost of a Tanishq franchise in India is approximately Rs. 15 Crore to Rs. 50 Crore.
Q 3. How to open a Tanishq franchise?
Ans: First you have a good investment and patience. Then, some criteria like the need for all documents and the need for space for opening. After this fill out the form and wait 2 days. You’ll get a call back from Tanishq. then confirm all the details pay the franchise fee and start your business.
Q 4. Is Tanishq a successful franchise?
Ans: Yes, it is a successful franchise at present. lots of people want to take the Tanishq franchises but they can’t take it due to financial issues. it is based on the Jewelry system and business is trending nowadays.
Q 5. Who is the Founder of Tanishq?
Ans: Xerxes Desai is the Founder of Tanishq.
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