What Is the Cost of Opening a Kalyan Jewellers Franchise?
Opening a Kalyan Jewellers franchise involves several key costs, including fees, store setup, marketing, and operational expenses.
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Here's a breakdown of franchise cost:
Franchise Fee: To partner with Kalyan Jewellers, you'll need to pay a one-time franchise fee ranging from ₹50 lakhs to ₹1 crore, which grants you the rights to use the Kalyan Jewellers brand name.
Store Setup: The cost of setting up the showroom can range from ₹1 crore to ₹5 crores, depending on the size and design.
Marketing: A budget of ₹50 lakhs to ₹1 crore is required for marketing and advertising to promote your store.
Working Capital: To manage daily operations, you'll need to allocate ₹50 lakhs to ₹1 crore in working capital.
Space Requirements: The ideal store size should be between 1000 and 1500 square feet, with enough space to accommodate 8 to 10 staff members.
Other Costs: Additional expenses may include legal fees, operational costs, and daily promotions.
Franchise Agreement: The agreement typically lasts for 10 years, with terms covering investment, management, and activity expectations.