Tanishq franchise is one of the great Jewellery franchises in India. We will discuss Tanishq Franchise Cost, Profit, Review, and How to Start the franchise.
Tanishq is known by the Tata Group. The brand has 218+ exclusive outlets in India. You can directly enroll for the Tanishq Franchise by filling up the form on their website- www.titancompany.in/business-opportunity/franchising.
Tanishq Franchise Cost
- Tanishq Franchise Cost ₹20 Crore Rupees to ₹60 Crore Rupees as an initial investment.
- The Franchise Fee is not disclosed by the brand
- The minimum area required is 1000 Square Feets.
- The Royalty charged is not disclosed by the brand
- The expected Return on Investment is 1.5 Years.
Tanishq Franchise Profit
We will analyze the Tanishq Franchise Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 90 Lakh Rupees i.e. 3 Lakh Rupees per day.
We can conclude that the Profit Margin of the Tanishq Franchise is 16% for Sales of 90 Lakh Rupees Sales. The outlet may have less profits in the initial days but the store will gain high popularity eventually and will have great demand in the market.
After good Local Marketing and Branding, the Sales will increase to 1.2 Crore Rupees per month and the profit margin will be 18% on Sales.
Location plays a very crucial factor in determining the success rate of a franchise along with food quality and service.
The location should have a very high footfall. It should be in the main market of that area. A corner outlet is the most preferable option.
You can open the outlet nearby colleges, corporates, or any place where young people love to have Jewellery.
How to get a Franchise?
To get the Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.
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