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Tanishq Franchise Price Franchise Cost in 2024 : Key Points

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Last updated: 2024/05/01 at 10:14 AM
franchise91.com Published April 29, 2024
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Titan Company: A Diversified Retail Powerhouse

Titan Company, the fifth-largest integrated own-brand watch manufacturer globally, has established itself as a dominant force in India’s retail landscape. With a diverse portfolio spanning watches, jewelry, and eyewear, Titan’s brands have become synonymous with quality, innovation, and consumer trust.

Contents
Titan Company: A Diversified Retail PowerhouseTanishq Franchise Format Tanishq’s Luxury Jewellery OfferingsTanishq Franchise Starting up CostFranchise Price Cost / Franchise Price of MIA by Tanishq Tanishq Store MetricsKey Documents Required to Own a Tanishq Jewellery FranchiseAdvantage of Owning a  Tanishq FranchiseTanishq Franchise Commission and Royalty Share

Tanishq Franchise Format

  • Watches: Titan is India’s largest watch retailer and its has over 480 Outlets with Name Titan and around 160 Fastrack Outlets .Franchise cost is around 20 Lakhs with overall investment at ₹40 lakhs
  • Jewellery: Tanishq is the Flagship Brand of Titan and Largets jewellery retailer in India wit around 225 Exclusive boutiques and ZOya Stores . Franchise Cost is Around 1.5 Crore
  • Eyewear: Titan Eyeplus is one of the top players in eyewear domain around 450 Stores with Investment of around 45 lakhs

Tanishq Franchise Cost is officially not Disclosed but based on our analysis its Tanishq Franchise Price in anywhere in the Range of 50 Lac to 70 Lac

Tanishq’s Luxury Jewellery Offerings

  • Zoya: A luxury brand offering premium diamonds and stones, catering to high-profile consumers ultra High HNI
  • Tanishq: A flagship brand of Titan, catering to mid and high-profile segments.
  • Mia by Tanishq: Offers contemporary jewellery for mid-range customers.
  • CaratLane: An omnichannel brand for modern jewellery at affordable prices.
Tanishq Franchise Business Overview
Business LineJewellery Franchise
InvestmentUnder Rs.5 Crore
Area2,000 – 5,000 Sq. ft.
Tanishq Franchise SnapshotCategory
Line of Business DomainJewellery
Unit / Shop Area Size 2,100 – 5,000 Square Feet
Commission% / Revenue Sharing Pattern75%
Infrastructure Investment SizeRs. 1.5 Crores – Rs. 3 Crores
ROI Timeframe Duration2 – 3 Years
Tanishq Franchise Review & RatingsGrading X/5
Revenue Sharing Ratio 4.01
Franchise Fee & Infra Investment Parameter4.63
Support & Training Given 4.95
ROI Timeframe Across Industry4.76
Brand Value Over Period of Time 4.75
Overall Ratings4.83 / 5

Tanishq Franchise Starting up Cost

Type of FeeCost and Other Details
Franchise FeeApprox. ₹40 lacs to ₹60 lacs
Floor AreaMinimum area 2000 – 2500 sq. feet
Store Ambiance & Interiors₹30 lacs – ₹40lacs
IT Support & Online Platforms₹ 2 lacs
Initial Inventory₹10 Cr – ₹15 Cr
Agreement Period10 Years, Renewable
Total Initial Investment₹ 15 Crores – ₹ 20 Crores
Tanishq Franchise Commission / Revenue Sharing / RoyaltyPercentage
Franchisee75%
Franchisor25%
Tanishq Franchise ROI DetailsYears
In YearsMinimum 2 – 3 Years

Franchise Price Cost / Franchise Price of MIA by Tanishq

Mia by Tanishq Franchise DetailsYears
Operations Commenced Year 2011
Franchise Commenced Date 2014
Franchise Details
Units–
Investment Amount INR 50 Lakh – 1 Cr.
Franchise/Brand FeesINR 100,000
Royalty/Commission14%
Additional Details
Anticipated ROI15%
Likely Payback Period2 Years

 Tanishq Store Metrics

Key RequirementsDetails
Each Store Size2200-2700 sq. ft.
Investment per sq. ft.Around. ₹ 7,000 Minumum
Store Size2200 sq. ft.
Rent per month per sq. ft.₹80 Based on LOcation
Capital Expenditure (Capex)₹15 Crores
Profit Margin12-20%
Total Investment per Store₹15 Crores Including 2 Year Working Capital

Key Documents Required to Own a Tanishq Jewellery Franchise

  • Aadhaar and PAN Card of the Applicant
  • Passport-size photographs of The Applicant
  • Rental agreement for the outlet (if rented) or Ownership of Land proof
  • Bank passbook with Main Bank
  • Post-dated cheques if asked in your case
  • GST license, ITR documents, and other necessary paperwork to run a outlet
  • Trading license
  • Brand franchise agreement in Place

Advantage of Owning a  Tanishq Franchise

Established Brand Name : Tanishq Jewellers is a well-known and respected brand coming from house of TATA

Robust Presence in Domestic and International Markets : Benefit from a large customer base across India and the Middle East, with over 580 locations worldwide. Global Brand Name

Bulk Purchasing Power & Resourcing Strength : competitive prices stable supply chain.

Strong Leadership Value : stable and supportive environment for franchisees.

Extensive Training Support : comprehensive training and support to its franchisees

Best-in-Class Marketing and Advertising strong marketing and advertising support

Unique Products and Designs Tanishq Jewellers is known for its unique and exclusive designs

Customer Loyalty Program Loyalty program that rewards customers

Partnerships and Collaborations joint marketing initiatives and promotions.

Continuous Innovation The brand is committed to innovation, investing in research and development

Strong Supply Chain Management robust supply chain management system

Tanishq Franchise Commission and Royalty Share

Franchisee 75%

Franchisor 25%

franchise91.com May 1, 2024 April 29, 2024
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