Prestige Xclusive Store Franchise- Cost, Profit, Applying Process

Prestige Xclusive Store Franchise- Cost, Profit, Applying Process

Hello friends, do you want to become a distributor or a franchise of a popular brand in India? Are you planning to start a Kitchen appliance store for a popular brand in your location? So, choosing Prestige Xclusive Store Franchise would be a great option. In this article we discuss about getting Jockey Franchise, investment, commission, applying process, documents required and much more.

Prestige Xclusive Store Franchise

  • TTK Prestige Limited is an Indian company that manufactures kitchen appliances and cookware, under the Prestige brand.
  • The TTK Group was founded in 1928 as an indenting agency. Mr. T.T. Krishnamachari pioneered organized distribution in India.
  • Prestige is India’s No.1 kitchen appliance brand.
  • The company is best known for its pressure cookers.
  • It is India’s largest kitchen appliances company catering to the needs of home makers in the country.
  • It has varied product portfolio ranging from pressure cookers, non-stick cookware, gas stoves, Induction Cook stops.
  • Mixer Grinders to varied other electrical appliances and kitchen tools.
  • Prestige also covers a wide range of home cleaning accessories including air purifier, water purifier, ladders, mops, vacuum cleaners and many more.

Also Read: How to apply for the Haldiram Franchise Outlet?

Prestige Xclusive Store Company Details:

Websitehttp://www.ttkprestige.com
TypePublic
IndustryConsumer Goods
Founded1955
HeadquartersM G Road, Chennai, India
Company size1,001-5,000 employees
Specialties
Pressure Cookers, Pressure Cookware, Cookware, Cook-tops & Chimneys, Appliances & Tools, Cleaning Solutions

Why you should choose Prestige Xclusive Store Franchise ?

  1. Prestige Xclusive is the exclusive chain of stores for brand Prestige.
  2. Today, there are 620 stores spread across 363 towns and 28 states.
  3. As a Prestige Xclusive Franchisee, you will exclusively deal with Brand Prestige – a national brand.
  4. You connect most trusted and recognized brand in Kitchen, Home appliances Segment with a strong distribution network.
  5. It has a very high rate of return and is improving organically.
  6. The franchisee gets 24/7 call and chat support from their team.
  7. You don’t need to worry about sales and growth because Prestige spends a lot of money on marketing and product advertisement.
  8. Prestige is a 65-year strong brand from TTK Prestige Ltd, India’s largest kitchen appliance company with a turnover of Rs. 2081 crores.

Also Read: Jockey Franchise in India – Cost, Profit, Requirements, Apply

Basic Requirements to open Prestige Xclusive Store Franchise:

  • Applicant should completed the age of 21 years.
  • Experience of business with other brand.
  • They should have proper investment and proper space.
  • Documents required
  • Staff Required(3-5)

Investment for Prestige Xclusive Store Franchise:

Your investment for the prestige xclusive store franchise is approx Rs. 8 – 25 lakhs depends on the class of town. There is all the details of investment, Space required and all the expenses according to the town and population given below:

Population> 1 lakh< 50000Selected City
ConceptNormalRuralPremium
Store Space – Carpet Area300+250+450+
Godown Space200+200+300+
InvestmentRs.Rs.Rs.
Franchisee Fees75,00037,50075,000
Security Deposit(Refundable)1 lakh250001 lakh
Opening Kit
Software, Signage, Stationary43,50021,75043,500
Stocks – minimum7.5 lakh5 lakh10 lakh
Investment with Company9-10 lakh6-7 lakh12-13 lakh
Other Investments
Furniture – variable
Based on Space N quality2-3 lakh1-2 lakh4-6 lakh*
Interior – indicative1-2 lakh1 lakh max4-5 lakhs

 

Documents Required:

ID Proof: Aadhaar Card, PAN Card, Voter Card

Address Proof: Electricity Bill/Ration Card

Qualification Certificate

Photograph, Email Id, Mobile Number

Current A/C and cancel Cheque.

  • Property Documents:

Shop agreement / Sale deed

Rent agreement

NOC

  • Business Documents:

GST Number

Outlet Trade license

Shop & Establishment Licence

ITR(If needed, the company can also ask for last 2yr ITR)

 

Support From Company:

  • GST, Insurance
  • Sign board
  • Opening Day – Handbills, Free gifts, Refreshment, Decoration, other marketing supports
  • Seasonal Handbills – Exchange offer, Shopping Festival, Festival Offer, Super Offer
  • BTL (other marketing supports) – SMS, Milking, Apartment Activities, Road show, Mela, Exhibition
  • ATL – Paper Ads. , TV Ads. , Facebook Marketing
  • Company Tie ups – Bajaj, PayTM, Nearby, Phone-Pe, Get max more, Khhist
  • Gift Voucher Sale – Woohoo, MYGFTR, Own Cards, Other bank Cards Sodexo, Ederned
  • Institutional Sales
  • Membership Program, Demo, Bandhan
  • Staff training, Portal, Uniforms, Incentive

 

Profits & Margin In Prestige Xclusive Store Franchise:

 

ItemsCommission
Pressure cooker18%
Cookware24%
Electricals/ Gas stove17%
Tools24%
Spares29%
Weighted Average20%

Discount Chart For Prestige Xclusive Store Franchise:

MRPDiscountSPCommision (20%)NLC/DP
%Rs.
100020200800160640
1000+F001000+F200800+F

 

Annual IncentiveSlab ISlab IISlab IIISlab IV
Annual Incentive0.500.751.001.25

 

Plus 0.75 on store maintenance, Total incentive 0.75% – 2.00%

You can easily expect an ROI of 18-30% p.a.

How to apply for the Prestige Xclusive Store Franchise ?

To apply for the Prestige Xclusive Store Franchise there is some steps which is given below:

  • You have to visit its official website of Prestige: https://www.ttkprestige.com/.
  • Click on the above link.
  • Fill all the details properly for prestige franchise, and submit the form successfully.
  • After submitting, you get call from the your local area manager within 4 days.
  • Once you talk to the area manager then you can get all the information about the Prestige Xclusive Store Franchise.

Or you can also mail to the company about the franchise details on this [email protected], within 24 hr you get a reply form your area manager of Prestige company.

Prestige Xclusive Store Franchise Contact Details:

Corporate Office: 

TTK Prestige Limited 11th Floor, Brigade Towers, 135, Brigade Road Bangalore-560025, Karnataka India.

Whatsapp: 97423 34411

Email: [email protected]

Phone : +91-80-2227-7441, 7442

Timing: 9:30AM to 6:30PM

Also Read: Cozyworld lux franchise- Cost, Profit, Requirements, Applying Process

F.A.Q(Frequently asked question):

Q. What is the Franchise cost for Prestige Xclusive Store Franchise ?

Ans: 37,500 – 75000 depends on the class of town.

Q. How many days takes to do all the process?

Ans: Approx 21 days

Q. Total Investment for Prestige Xclusive Store Franchise ?

Ans: If you want to take Prestige store Franchise in your area then. you need approx Rs. 8 – 25 lakhs depends on the class of town.

Q. Is it profitable or not ?

Ans: Yes. Prestige Xclusive Store Franchise’s Profits Margin is really high and it is one of the best investment opportunities for the new entrepreneurs and for individuals who want to start up a kitchen & Home appliances business.

Q. Is there any Security Deposit or not?

Ans:  All the information given above.

Q. How can I contact to get Jockey Franchise  ?

Ans: All the information is given above. You can mail on [email protected] . Or you can fill this form click here.

 

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