Do you want to open a Tata Tanishq Jewellery Franchise store in your location? Find here a complete guide on how to get the Tanishq franchise including the franchise cost, profit margin, and contact details.
Tanishq is a name synonymous with superior craftsmanship, exclusive designs, and superlative product quality. It is one of the most prestigious jewelry brands in India. Basically, Tanishq is a division of Titan – a company promoted by the Tata Group.
Titan company launched the brand Tanishq by the end of 1980. However, the first Tanishq store comes in the year 1996 in India. Tanishq is the first jewelry retail brand in India.
Bollywood diva Deepika Padukone is the brand ambassador of the brand. As of now, the brand has more than 300 stores throughout the nation. Also, the brand earns potential revenue from exporting jewelry in foreign countries including the United Arab Emirates.
Tanishq has almost every different type of jewelry collection. The list includes bangles, bracelets, chains, earrings, necklaces, nose pins, pendants, rings, etc. Also, the company owns prestigious Rivaah and Mia brand jewelry. Additionally, Tanishq has a great collection of diamond jewelry for customers. Apart from these, Tanishq offers a wide range of gifting solutions.
Tanishq Franchise Cost & Profit
The investment amount for opening a Tanishq store highly depends on the location and store size. Tanishq operates as the largest jewelry retailer in India. It has over 218 exclusive Tanishq boutiques and Zoya stores. The investment in boutiques starts from 1.5 Crs.
Depending on the store size, the investment varies. Definitely, the investment is safe. The brand has tremendous equity and a large portion of the investment is in stock which is Gold. So, it always has a value at all stages of the business cycle.
The Tanishq franchise investment has the potential of earning good profit. Due to the huge brand value of this national company, customers trust Tanishq in making a jewelry purchase.
Additionally, Tanishq offers the ‘Golden Harvest’ scheme where customers can deposit a small amount on a monthly basis. And at the end of the scheme, they can buy jewelry of the same amount from Tanishq. So, customers not only can plan the jewelry purchases much in advance but also can get them at a discounted price.
So, investing in the Tanishq franchise is a highly profitable opportunity for entrepreneurs in India.
Tanishq Franchise Business Model
Currently, Tanishq is eyeing to open more than 200 outlets in at least 130 new small towns in the next 5 years. As of now, the company has 275 exclusive boutique stores in 170 cities. Out of that 226 are the franchise and 50 outlets are company-owned. Opening a Tanishq shop in a small town cost around Rs 15-20 Crore, while a big-format outlet Rs 40-50 Crore.
How to Apply for Tanishq Franchise
You can only apply for the Tanishq franchise online. Go the link https://www.titancompany.in/business-opportunity/franchising. Select Tanishq as the interested business division. And then, fill the form carefully. If you get shortlisted, the company representatives will contact you for further process for opening a Tanishq franchise outlet.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.