Tanishq Franchise
Are you looking for opportunities to do business with the renowned TATA brand? Tanishq is one of the brands in TATA that provides franchise opportunities to entrepreneurs. This is the best opportunity to be part of TATA. Tanishq Franchise: How Affordable is the Investment? In 2024, we discuss what the investment is, how much profit you can make, what the requirements are, how to get a franchise, and whether it is worth the investment or not.
About Tanishq
Tanishq is an Indian jewelry company that was established in 1994 and exhibits style and creativity. It is a branch of the Titan Company, supported by the Tata Group. Tanishq is a well-known brand that is loved by jewelry lovers, brides, grooms, and others. The company has its headquarters in Bangalore.
Tanishq provides a stunning collection of designs for jewelry made of gold and diamonds. Their selection has something for every occasion, from spectacular necklaces to complex earrings. Explore over 7,000+ elegant designs, each reflecting the brand’s commitment to quality and aesthetics.
Tanishq has 410 retail sites scattered throughout over 240 Indian cities, in addition to overseas locations in the US, Singapore, Dubai, and Qatar.
Key Details of Tanishq Franchise
- Company: Tanishq
- Franchise Model: FOCO
- Industry: Retail Jewellery
- Number of outlets: 410+
- Tanisqh franchise Investment : 05 to 20 Crores
- Profit Margin: 25%
- Required Space: 2000 to 5000 sq ft
Required Documents
- ID Proof: Provide copies of your Aadhaar Card and PAN card for franchisee identification purposes.
- Address Proof: To clarify the address of the franchisee required documents such are your Ration Card and Electricity Bill.
- Business Plan: A detailed plan including location, target market, and financial projections.
- Bank Account Details: Submit proof of your bank account along with the passbook to check the money flow.
- Photo, Email ID, and Phone Number: Ensure these details are included in your application.
- Fire Safety Certificate: Obtain the necessary fire safety certification.
- GST Number: Register for a GST number.
- Standard Franchise Agreement: Be prepared to sign the standard franchise agreement. It outlines the terms and conditions between you and the Tansihq.
About Tanishq Franchise Details
- Franchise Fee: The initial investment to purchase the rights to open a jewelry shop as Tanishq is required to pay a franchise fee of 30 to 50 lakh.
- Royalty Fee: Tanishq charges an 8% royalty fee based on the net revenue generated by the franchise. This is for ongoing support for your outlet.
- Marketing Fee: New jewelry businesses require promotional activities. For this brand, it charges 2% of the franchise’s net revenue.
- Training Fee: Tanishq provides training for employees. For this, you have to pay a training fee of 5 lakh. This covers brief knowledge about products, customer service, and others.
- Setup Cost: The setup franchise outlet of Tanishq requires an investment of Rs 60 lakh to Rs 1 crore. This includes expenses related to store design, interiors, fixtures, and initial inventory.
- Working Capital: Franchisees need to have working capital of 1 to 2 crore for day-to-day operations. Until you start making a profit from your franchise outlet.
- Total Investment: Considering all the components, the total investment for a Tanishq jewelry franchise falls in the range of 05 crores to 20 crores.
- Remember that these figures are approximate and can vary based on factors like location, store size, and market conditions.
- Tanishq franchises require an initial investment ranging from 05 to 20 crores. Including franchise fees, initial inventory, working capital, setup costs, and others.
- As a franchisee, you can expect the profit margin from Tanishq franchises to be between 20 and 25%.
- Franchisees benefited from a revenue-sharing model, with 75% of the generated revenue going to the franchisee.
- Within 2 to 3 years, you can recover your initial investment in starting a franchise outlet.