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How to Get a Prestige Xclusive Franchise – Cost, Fee, & Profit

Are you Interested and looking for exciting opportunities in the Kitchen appliances Industry? What about starting your own business by taking an exclusive store franchise from a renowned brand? You can do so by becoming a Prestige Xclusive Franchise.

In this guide, we’ll dive deep in to Prestige franchise with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.

Prestige franchise cost
  • Space required: Min. 300-800 Sq. ft.
  • Security Deposit(Refundable): Rs. 50000 – 1 lacs
  • Signing up Fee (Non-refundable) : Rs. 1-1.5 lacs
  • Deposit to Shop: Rs. 3 lacs
  • Interiors Cost: Rs. 12.5 lacs
  • Working Capital: Rs. 15 lacs
  • ROI: 18-30%
  • Operating Expenses: Rs. 50000
  • Total Initial Investment: Rs. 32.25-33.50 lacs

Understanding the Kitchen Appliances Industry Growth Prospects

Kitchen appliance chains have been one of the vital and demanding industries. With the launch of multiple brands, a better sales approach, affordable prices, and the latest innovation, it has acquired a significant market in rural and urban parts of India.

According to the TechSciResearch, the Indian kitchen appliances market was estimated to be worth USD 5714.97 million in 2021 and is projected to reach USD 8310 million by 2027, registering a remarkable CAGR growth of 6.66% over the forecast period of 2022–2027.

Below are the prominent factors contributing to growth in this industry;

  • Increasing preferences for digital appliances over Non-digital appliances
  • Rising nuclear families
  • Growing trend of interconnected appliances
  • Penetration in rural and semi urban market
Kitchen appliances growth in India

Overview of Prestige Xclusive Franchise

Prestige Xclusive franchise opportunities

Prestige is one of the fastest-growing kitchen appliance brands having more than 60 years of experience. With more than thousands of varieties, affordable prices, customer-inspired innovation, a six-decade of expertise, and the highest safety standards, the franchise has grown to a Superbrand and moved ahead of its competition.

With over 680 stores in 375 cities, Prestige is one of the leading kitchen appliance chains, with over 19 years of successful business model and over ten years of being named the best franchiser.

Below is the range of products that Prestige caters;

TTK Prestige Franchise cost
  • Pressure Cookers
  • Cooktops
  • Kitchen appliances
  • Cookware
  • Mixer grinders
  • Home Solutions
  • and much more

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Why to Own a Prestige Xclusive Franchise?

Considering its growth prospects, leading innovations and more than six decade of expertise, becoming a Prestige dealership can benefit its franchisee unit holders in numerous ways. However, We have mentioned a few key aspects supporting to own a Prestige franchise.

  1. Decade-long Expertise:
    • The chain is one of the prominent players in this industry with more than six-decade of expertise, enabling them to understand customer demand and innovate new products.
  2. Award and Recognition:
    • Prestige have been awarded and recognized by several media houses and awarded as the best franchiser with more than 10 times in a row.
      • Eight times franchisee of the year award(2006-2015).
      • Three times retailer excellence award (2009-11) from Asia Retail Congress.
  3. Wide range of franchise network:
    • The franchise has a wide range of franchise network of more than 650 outlets across 375+ cities Or franchised outlets at just 3-5 km from your location. It helps them to build healthy brand value and ultimately serve a large set of audiences regularly.
  4. Growth led by Innovation:
    • The chain growth is fueled by their continuous customer-inspired innovation, enabling them to build a loyal customer base and ultimately generate a healthy profit margin.
  5. Proven business model:
    • The franchise offers a proven business model of over 19 years, enabling the interested applicants to operate an exclusive store seamlessly.
  6. Marketing Support:
    • The franchise offers extended marketing support to the outlet holders that help newly created franchisee owner to market their products and raise brand awareness among consumers.
  7. Reward and Gift program:
    • Prestige Xclusive store regularly offers a reward program to its consumers that attract and gain fresh audience.
Prestige Xclusive franchise benefits

How much does a Prestige Xclusive Franchise Cost?

Prestige franchise cost varies from model-to-model. However, interested prospects can take up the franchise based on their investment limitation.

Generally, Prestige offers four types of store model;

Prestige Xclusive Store format
  • Pro Format
  • Ace Format
  • Smart Format
  • Rural Format
Particulars of InvestmentPro FormatAce & Smart FormatRural Format
Security Deposit(Refundable)Rs. 50000 – 1 lacsRs. 50000 – 1 lacsRs. 25000
Signing up Fee (Non-refundable)Rs. 1.5lacs/1lacs/75000Rs. 1.5lacs/1lacs/75000Rs. 37500
Deposit to ShopRs. 3 lacsRs. 1 lacsRs. 1 lacs
Interiors CostRs. 12.5 lacsRs. 5.5 lacsRs. 2 lacs
Working CapitalRs. 15 lacsRs. 10 lacsRs. 5 lacs
Operating ExpensesRs. 50000Rs. 40000Rs. 35000
Total Initial investmentRs. 32.25 – 33.50 lacsRs. 18.15 -19.40 lacsRs. 9 lacs

I believe the above-mentioned data would provide enough insight into the cost of owning a prestige exclusive outlet.

Important Notes:

  • Space Required: Min. 300-800 sq. ft.

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Prestige Xclusive Franchise Profit Margin

The Prestige chain offers a significant profit margin to its franchisee unit holders. Considering the franchise growth potential and brand presence, one can churn a gross margin of 21-29%(depending on the product category) and a net profit margin of 10-15%(after all cost cut).


Please note that the gross margin includes an advance payment discount of 4%.

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Prestige Xclusive Store Franchise Support

  • Robust brand presence
  • Stable profit margin
  • Omni-channel Support
  • Scheme Support
  • Promotional Support
  • Visual Merchandise benefit
  • Logistics benefits
  • Training Support

How to Get Prestige Franchise?

To get a prestige store franchise is quite simple and all they have to do is to strictly follow the instructions given by them.

  • Step 1: Visit the official website. the highlighted link will navigate you to the enquiry form page.
  • Step 2: Fill in the required details such as Name, Address(Includes State, City, Postal code), Email ID, Phone number, Profession, Existing Business, Store location and its Size.
  • Step 3: Applicants KYC detail review by Prestige’s franchise team.
  • Step 4: Site assessment by the franchise team.
  • Step 5: Application approval and further steps.

Documents required for Prestige franchise

  • Aadhaar card
  • Pan card
  • Shops & commercial establishments license
  • ITR Filing Doc
  • Electricity Meter Connection/ Water Connection
  • GST Number

Official Details of Prestige franchise

TTK Prestige Limited – Corporate Office11th Floor, Brigade Towers, 135 Brigade Road, Bangalore-560025, Karnataka, India

Good Luck!! Happy Franchising!!

Conclusion

Prestige is one of the renowned and fastest-growing kitchen appliances chains having more than six-decade of experience. With thousands of varieties, affordable prices, and customer-inspired innovation, they have grown to become a Superbrand and industry leader.

The franchise has a robust franchise network of more than 680 stores in 375 cities, enables them to cater a wide range of consumer.

It also offers a franchise program for interested prospects with an initial investment of -approx. Rs. 32.25 – 33.50 lacs for an outlet of 300-800 sq. ft. & in return provides an impressive net profit margin of 10-15%.

Given the sector and chain’s projected future growth as well as the franchise profit margin, we would unquestionably advise prospective candidates to start this franchise systematically.

That’s it from my side. Friends, I sincerely believe that my guide on “Start a Prestige Xclusive Store Franchise – Cost, Fee, & Profit” was quite extensive, helpful, and educational, but if you’d need more details, you can check out the franchise’s official website. If you like this piece, kindly let me know by leaving a comment and spreading the word to as many of your friends as you can; Your comments offer us more inspiration to keep producing high-quality material for you. Many thanks.

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FAQ

  1. How much does Prestige franchise cost?

    Ans: To set up a TTK prestige franchise outlet of 300-800 sq. ft will cost you approx. Rs. 32.25-33.50 lacs(For Pro format) and Rs. 9 lacs for Rural Format. Below are the details for Pro Format;

    Space required: Min. 300-800 Sq. ft.
    Security Deposit(Refundable): Rs. 50000 – 1 lacs
    Signing up Fee (Non-refundable) : Rs. 1-1.5 lacs
    Deposit to Shop: Rs. 3 lacs
    Interiors Cost: Rs. 12.5 lacs
    Working Capital: Rs. 15 lacs
    Operating Expenses: Rs. 50000
    Total Initial Investment: Rs. 32.25-33.50 lacs

  2. Is Prestige Franchise Profitable?

    Ans: Definitely! yes. Considering the chain’s brand presence, the expertise of over 60 years and customer-inspired innovation would benefit its franchisee unit holders to run this business seamlessly. Moreover, Prestige offers a reasonable profit margin of 21-29% in its different categories.

  3. How do you get a Prestige showroom Franchise?

    Ans: To get a prestige franchise, one has to meet the franchise requirements that are mentioned below;

    Min. Space: 300-800 sq. ft.
    Investment: Rs. 8 -34 lacs(Includes Interior and stock cost)
    Signing up amount(Non-Refundable deposit): Rs. 37,500 – Rs. 1.5 lacs
    Refundable Deposit: Rs. 50000 – 1 lacs

    With these investment, one can expect a ROI of 18-30%, you can also consider it as a gross profit margin.

  4. How much does TTK Prestige Franchise cost?

    Ans: The TTK prestige showroom cost will depend on chosen model and city. However, the franchisee unitholder is expected to invest Rs. 34 lacs for Pro Format, 19 lacs for Ace and Smart format, and 9 lacs for Rural Format.

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