Lalitha Jewellery is known for its gold and diamond fancy jewelry products. It was the first company Jewelery to introduce hallmarking of jewels to establish the authenticity of the gold used. Lalitha Jewellery also organized the Franchise opportunity for people, who are passionate about working with Lalitha Jewellery. If you’re interested to know about the Lalitha Jewellery Franchise Model in India, then read this article ahead. Here, you will get all the details regarding the Lalitha Jewellery Franchise Business Opportunity including the Investment Cost, Profit Margin, and other requirements.
Lalitha Jewellery Franchise Business Opportunity
Let us tell you that “Lalitha Jewellery” is the largest jewelry chain in South India with over 18000 crores turnover in 2023. It was founded by M Kiran Kumar in 1985. The company has over 50+ branches all over India and abroad. Lalitha Jewellery company is also well known and popular for providing jewelry to waive making charges on jewels and is the only company to offer Gold jewels at manufacturing prices for the lowest V.A.Charges in the market. Now they are expanding their business by distributing franchises.
However, Lalitha Jewellery Mart Limited’s operating revenues range is Over INR 500 cr for the financial year 2023. It is well growing company and expanding its branches in Asia. The main aim of the company is to cover the Northern Markets. So, they are providing the franchise opportunity to the local players. If you also want to be a part of the Jewelry Franchise Business, then this is the best opportunity for you. To know more about How to start the Lalitha Jewellery Franchise Business along with the Requirements, Investment Cost, Profit Share, and Contact Details, kindly go through the complete article below.
Requirements to Set Up Lalitha Jewellery Franchise
In this section, we will share the required details about the Lalitha Jewellery Franchise Business. Look at the details below:-
- Area/ Space Requirements => 1000 sq ft- 1500 Sq ft
- Staff Requirements => You have to require at least 8-10 Staff.
- Documents Required => Personal & business documents such as Aadhar Card, PAN Cards, Voter IDs, Bank Statements, and so on, and business documents such as Sales Tax permits, Business Registration Certificates, Commercial Lease Agreements, GST Registration, and so on.
- You have also required the essential equipment to manage the sales, and security equipment including CCTV. You also have to require the AC, L.E.D Computer and P.O.S machine.
- To join the Lalitha Jewellery Franchise, you have to require the least 2-3 Crore of Investment Cost. It will include all the investments like Franchise Fees, Lease or Real Estate Costs, Store Setup and Construction Charges, and so on.
Investment Cost to Start Lalitha Jewellery Franchise
To open the Lalitha Jewelry Franchise you need some investment costs. It will include the Material Costs, infrastructure construction Costs, space rent Fees other investments. Check the below table for more:-
| Franchise Fee | Rs 2-4 Lacs (Approx) |
| Lease or Real Estate Costs | Rs 10-20 Lacs |
| Store Setup and Construction | Rs 1-2 Crore |
| Equipment and Fixtures | Rs 20-30 Lacs |
| Initial Inventory | RS 80 Lacs- 1 Crore |
| Total Investment | INR 2-3 Crore |
Lalitha Jewellery Franchise Business Profit Margin
In the business of the Lalitha Jewellery Franchise, people are thinking about the profit margin. Lalitha Jewellery Franchise Profit Magin is approximately 28% to 30% on Investment annually. It will also provide heavily profitable business. The 96% commission is taken by the Franchisee and only 4%-5% royalty is charged by the company. The ROI is 12-24 Months. You can generate a profit of 2-3 Lakh per month. The main profit is based on the value when all the expenses are deducted from the Gross Sales.
How to Apply for Lalitha Jewellery Franchise Online?
Let us tell you that, there is no official procedure to apply for the Franchise, To apply for the franchise you have to coordinate with the Lalitha Jewellery officials. The procedure is coordination is given below:-
- Go to the official website of Lalitha Jewellery, i.e. https://www.lalithaajewellery.com/.
- A home page will open on your screen. Here click on the Contact Us Button.
- A new interface will open, here fill up the form given on the screen.
- Enter the asked details like Name, Contact Details, and so on.
- Then, click on the submit button. The team will shortly contact you.
Lalitha Jewellery Franchise Contact Details
- Address: No.53, Icon Savithri Ganesh Building, Habibullah Road, T. Nagar, Chennai
- E-mail ID: [email protected]
- Contact Nmber: 90999 99916
- Official Website: www.lalithaajewellery.com/
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