Prestige Xclusive Store Franchise Cost, Profit, Applying Process, How To Start | SkillsAndTech
TTK Prestige Limited is an Indian company that manufactures kitchen appliances and cookware, under the Prestige brand. 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. Prestige Xclusive Store Franchise Cost, Profit, Applying Process
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Prestige Xclusive Store Franchise Wiki
The TTK Group was founded in 1928 as an indenting agency. Mr. T.T. Krishnamachari pioneered organized distribution in India. Prestige also covers a wide range of home cleaning accessories including air purifier, water purifier, ladders, mops, vacuum cleaners and many more. . It has varied product portfolio ranging from pressure cookers, non-stick cookware, gas stoves, and Induction Cook stops. It also manufactured and sold Mixer Grinders to varied other electrical appliances and kitchen tools.
Website http://www.ttkprestige.com
Type Public
Industry Consumer Goods
Founded 1955
Headquarters M G Road, Chennai, India
Company size 1,001-5,000 employees
Specialties
Pressure Cookers, Pressure Cookware, Cookware, Cook-tops & Chimneys, Appliances & Tools, Cleaning Solutions
Prestige Xclusive Store Franchise Benefits
- Prestige Xclusive is the exclusive chain of stores for brand Prestige. Today, there are 620 stores spread across 363 towns and 28 states.
- The success of Prestige Xclusive chain of stores has been proven for 18 years now. It is a tried, test and trusted business model. This means that you don’t have to do any trial and error with your money. Just follow the guidelines and make profit.
- As a Prestige Xclusive Franchisee, you will exclusively deal with Brand Prestige – a national brand. Prestige is a 65-year strong brand from TTK Prestige Ltd, India’s largest kitchen appliance company with a turnover of Rs. 2081 crores.
- You connect most trusted and recognized brand in Kitchen, Home appliances Segment with a strong distribution network.
- It has a very high rate of return and is improving organically.
- The franchisee gets 24/7 chat and call support from their team.
- You don’t need to worry about sales and growth because Prestige spends a lot of money on marketing and product advertisement.
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Prestige Xclusive Store Franchise Cost, Investment, Fees
An investment of Rs. 8 – 25 lakhs is required to pen Prestige Franchise. The cost varies depending on the class of town. This includes Rs. 3 – 6 lakhs on interiors and Rs. 5 – 19 lakhs on stock. There’s a signing up amount (non-refundable) of Rs. 37,500 – Rs. 1,50,000 depending on the class of town. A refundable deposit of Rs. 50,000 – Rs. 1,00,000 (depending on location) carrying bank rate of interest plus 2% on yearly deposit, will also be required. All marketing support will be provided by TTK Prestige. You can easily expect an ROI of 18-30% p.a.
Prestige Xclusive Store Franchise Requirements
- Applicant should have completed the age of 21 years.
- Experience of business with other brand
- They should have proper investment and proper space.
- Staff Required (3-5)
Prestige Xclusive Store Franchise Space Requirement
You will require a showroom space of 300 – 800 sq. ft.
Prestige Xclusive Store Franchise 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.
Prestige Xclusive Store Franchise Property Documents:
- Shop agreement / Sale deed
- Rent agreement
- NOC
Prestige Xclusive Store Franchise Business Documents:
- GST Number
- Outlet Trade license
- Shop & Establishment License
- ITR (If needed, the company can also ask for last 2yr ITR)
Prestige Xclusive Store Franchise Profit, ROI
See Also:
| Items | Commission |
| Pressure cooker | 18% |
| Cookware | 24% |
| Electricals/ Gas stove | 17% |
| Tools | 24% |
| Spares | 29% |
| Weighted Average | 20% |
Discount Chart For Prestige Xclusive Store Franchise:
| MRP | Discount | SP | Commision (20%) | NLC/DP | |
| % | Rs. | ||||
| 1000 | 20 | 200 | 800 | 160 | 640 |
| 1000+F | 0 | 0 | 1000+F | 200 | 800+F |
| Annual Incentive | Slab I | Slab II | Slab III | Slab IV |
| Annual Incentive | 0.50 | 0.75 | 1.00 | 1.25 |
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 Prestige Xclusive Store Franchise
You can apply for Prestige Xclusive Store Franchise at their official website. There you will get a form that you have to fill then company officials will contact you.
Prestige Xclusive Store Franchise Contact Detail
Website : https://www.ttkprestige.com/
Prestigexclusive.in
Website: Prestigesmartchef.com
E Mail id: biz.enquiry@ttkprestige.com
Phone Number: 97423 34411
Whatsapp Number: 97423 34411
Facebook: http://www.facebook.com/prestigesocial
Twitter: http://www.twitter.com/prestigesocial
Youtube: http://www.youtube.com/prestigesocial
customercare@ttkprestige.com
See Also:
Customer Care Number: +91-80-2227-7441, 7442
Timings: 9:30AM to 6:30PM
Corporate Office Address
TTK Prestige Limited 11th Floor, Brigade Towers, 135, Brigade Road Bangalore-560025, Karnataka India
FAQ
Is It Profitable To Start Prestige Xclusive Store Franchise?
Yes, it is very much profitable to start. Prestige is a well known brand. Prestige Xclusive has won the Franchisee of the Year Award eight times from Franchisee India. It has won the Retailer Excellence Award three times from Asia Retail Congress. And it has won the Franchisor of the Year Award from Franchisee Plus.
Conclusion
So far we have shared the basics of franchise overview for this Franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
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