Are you looking for a famous jewellery brand? To open your jewellery store with the brand name. Look no further. Kalyan Jewellers is offering franchise opportunities for desired entrepreneurs. Kalyan Jewellers Franchise Cost: Lucrative Opportunity in 2024 In this, we discuss how much investment is needed to own the Kalyan Jewelers franchise, what the profit is, what the requirements are, and how to contact the brand to ask for a franchise.
About Kalyan Jewellers
Founded in 1993 in Thrissur, Kalyan Jewellers has rapidly spread as one of India’s largest jewellery chains with over 230+ company-owned and franchise outlets. Starting with a single showroom, the brand has built a national presence on the backbone of its exquisite traditional and designer jewellery collections, celebrity endorsements, reputation for integrity, and fair pricing.
Driven by founder T.S. Kalyanaraman’s vision, Kalyan pioneered innovations like price tagging and self-service in Indian jewellery. Given its robust growth and strong brand positioning, Kalyan began offering franchise opportunities in 2017. With 190+ showrooms in India, Kalyan Jewellers has become one of the most desired and rewarding jewellery franchises in India.
Key Details of Kalyan Jewellers Franchise
- Company Name: Kalyan Jewellers
- Industry: Jewellery
- Number of Outlets: 230+
- Kalyan Jewellers franchise cost: Rs 50 lakh – 1 crore
- Royalty fees: 2%
- Profit Margin: 12 to 20%
- Required Space: 1,000 – 1,500 sq ft
- Franchise Agreement period: 10 years
Table of Contents
How Much Does a Kalyan Jewellers Franchise Cost?
- Franchise Fee: This is the initial fee of 5 lakh required to become a Kalyan Jewellers franchisee. It covers the right to use the brand name and business model.
- Store Establishment Cost: The cost required to set up a franchise outlet is 10 to 15 lakhs. This includes expenses related to setting up the physical store, including interior decoration, signage, and other infrastructure requirements.
- Initial Inventory: 10 to 30 lakhs are required to purchase the stocking of the store with the initial inventory of jewelry and other products.
- Working Capital: The amount of 5 to 10 lakhs is needed to cover day-to-day expenses such as salaries, utilities, and others. Until your business becomes profitable.
- Royalty Fees: As a franchisee, you need to pay a royalty fee of 2% of the net revenue of your franchise. This fee is for training, marketing, branding, and ongoing support.
- Franchise Agreement: Once you purchase the rights to open the Kalyan Jewelers franchise, it is for 10 years. After this period, you can renew.
- Miscellaneous Expenses: 5 to 10 lakhs for various expenses such as employee salaries, insurance, licenses, and permits.
- Total Estimated Investment: The total Kalyan Jewellers franchise cost is 50 lakh to 1 crore, including the franchise fee, initial inventory, working capital, and others.
| Franchise Fee | Rs 5 lakhs |
| Store Establishment Cost | Rs 10-15 lakhs |
| Initial Inventory | Rs 10 -30 lakhs |
| Working Capital | Rs 5-10 lakhs |
| Royalty Fees | 2% |
| Franchise Agreement | 10 years |
| Miscellaneous Expenses | Rs 5-10 lakhs |
| Total Estimated Investment | Rs 50 lakh- 1 crore |
Kalyan Jewellers franchise cost may vary depending on factors such as location and the size of the outlet. To know the exact cost based on location contact Kalyan Jewellers.
Can a Kalyan Jewellers Franchise Turn Your Investment Into Gold?
- Total Investment: The initial investment required to establish a Kalyan Jewellers franchise is 50 lakh to 1 crore, covering various expenses such as the franchise fee, store establishment, inventory, working capital, and miscellaneous expenses.
- Revenue Share to the Franchisee: Kalyan Jewellers offers a high revenue-sharing model, with franchisees receiving 96% of the generated revenue.
- Profit Margin: As a franchisee, you can expect a healthy profit margin ranging between 12 and 20%. This profit after deducting all expenses.
- Return on Investment: The franchisee can recover his initial investment in just two years.
| Total Kalyan Jewellers franchise cost | 50 lakh to1 crore |
| Revenue share to the franchisee | 96% |
| Profit Margin | 12 to 20% |
| Return on investment | 2 years |
Requirements to Open the Franchise
- Financial Stability: You have to demonstrate financial stability to invest in the franchise, including the initial franchise fee, setup costs, and working capital.
- Prior Experience: Previous retail or Jewellery experience is beneficial for you to operate a franchise.
- Location: Identify a suitable location for the franchise store, ensuring it meets Kalyan Jewellers’ criteria regarding visibility, accessibility, high foot traffic, and market potential.
- Market Analysis: Conduct a market analysis to determine the demand for jewelry products.
- Property documents: If you have taken property for lease or you have owned property, Submit the land documents.
- Franchise Fee: A franchise needs a franchise fee, which covers the right to use the brand name and operating model.
Required Space
- The ideal space is between 1,000 – 1,500 sq ft. This allows for a larger showcase outlet.
- The Jewellery display area should occupy about 60% of the total area.
- Back office space for inventory storage and management should be about 30% of the area.
- Remaining 10% space for entrance, cash counter, customer lounge etc.
- The layout should allow space for 8-10 employees to work comfortably.
Documents required for Kalyan Jewellers franchise
- Identity Proof: Submit a copy of your identity proof, such as an Aadhar card, passport, or driver’s license, to verify your identity.
- Address Proof: Provide a copy of your address proof, such as an Aadhar card, passport, or utility bill, to confirm your residential address.
- PAN Card: It is required for financial transactions and taxation purposes.
- Business Plan: A detailed business plan outlining your strategies, financial projections, marketing plans, and your total approach to business.
- Financial Documents: Documents indicating your financial stability, such as bank statements, income tax returns, and balance sheets.
- Property Documents: If you own or have leased a property for the franchise location, provide the relevant property documents, such as ownership deeds or lease agreements.
- Franchise Agreement: This contains terms and conditions between you and the brand. Also, there are 10 years of franchise agreement period.
Seeking Kalyan Jewellers Franchise: How Do I Get in Touch?
- Visit the official website: Visit Kalyan Jewellers official website.
- Franchise Opportunities: Explore the “Franchise Opportunities” section. Read the given details regarding the franchise.
- Contact Form: Scroll down, and you will see the franchise form. Choose which brand franchise you are looking for: Kalyan Jewelers or Candere.
- Fill out the form with your full name, Pan number, and Adhar number, and give the geographic location in which you are thinking of opening a franchise.
- Submit the form: Double-check the form to ensure you have the correct details and submit.
- Wait for a response: The brand may take a few days or a few weeks to respond, so you need to be patient.
Is a Kalyan Jewellers Franchise Worth the Investment?
Pros
- Brand Reputation: Kalyan Jewellers, founded in 1993 by visionary T. S. Kalyanaraman, is a well-established jewellery brand. It is famous for its authentic designs and unmatched shopping experience.
- Wide Customer Base: With over 230+ outlets across India, Kalyan Jewellers already has a strong customer base. New franchisees benefit from this existing footfall or customer base.
- Product Range: Kalyan Jewellers offers a diverse range of jewellery, from traditional to modern designs.
- Revenue sharing model: The brand offers most of the revenue share to the franchisee of the franchise outlet. That is approximately 96%.
- Profit Potential: The jewellery industry can be highly profitable. Kalyan Jewellers’ profit margin is 12 to 20%. This is the average profit margin of a jewellery shop.
- Training and Support: Franchisees receive training, marketing assistance, and operational support from the brand.
Cons
- High Initial Investment: The total Kalyan Jewellers franchise cost ranges from 50 lahks to 1 crore. It is a bit costly compared to other franchises.
- Competition: The Jewellery market is competitive. Franchisees must differentiate themselves to thrive.
- Location Matters: Choosing the right location is critical. Premium areas with high footfall yield better revenue.
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Conclusion
In conclusion “Kalyan Jewellers Franchise Cost: Lucrative Opportunity in 2024,” owning a Kalyan Jewellers franchise is a wise business decision for aspiring business owners. With its brand reputation, variety of jewellery, 96% of revenue sharing with the franchise model,12 to 20% profit margin, and only a 2% royalty fee,. It became the best franchise choice in the jewellery industry. Also, consider whether you can afford 50 to 1 crore as an initial investment and 100 to 1500 sq ft of area in a prime location of the city.
FAQ
1. What is the profit margin of Kalyan Jewellers?
Kalyan Jewellers franchise cost is 50 lakh to 1 crore of investment and can achieve profit margin of 12-20%. within 2 years return on your investment.
2. What is the required space for a Kalyan Jewellers franchise?
You will need a retail space spanning between 1,000 and 1,500 square feet to set up a Kalyan Jewellers franchise.
3. What is the duration of the franchise agreement with Kalyan Jewellers?
The franchise agreement with Kalyan Jewellers typically has a duration of 10 years, providing franchisees with a stable and long-term business opportunity.
4. What is the Kalyan Jewellers franchise cost in India?
Kalyan Jewellers franchise cost is 50 lakh to 1 crore. It includes franchise fees, initial stock, working capital, and others.
