Written By: Bandana Gupta

Introduction

The Indian jewellery industry is booming with people looking for light, fashionable and affordable jewellery for daily use. The young professional class and working women are opting for modern designs of jewellery rather than bulky ones, which presents great business prospects for enterprising individuals.

If you are thinking of investing in a reliable jewellery brand, Candere by Kalyan Jewellers is one that you should not ignore. With the credibility of the established Kalyan Jewellers behind it, Candere has been able to integrate online selling along with brick-and-mortar stores.

In this guide, you will learn everything there is to know about the Candere franchise cost, investment involved, business model, franchise advantages, and franchisee process.

About Candere by Kalyan Jewellers

The Candere brand started its journey with a promise to offer luxury jewelry at affordable prices to all customers. When it was backed by Kalyan Jewellers in the year 2017, it got flourish all over India and also could expand its omnichannel retail business model.  This omnichannel retail business model offers the customer a combination of online and offline showrooms. Candere is famous for its lightweight gold and diamond jewelry collections.

 Related  Link: •Top Jewelry Franchise Opportunities in India•Gold Jewelry Franchise Business Plan

Why Invest in Candere by Kalyan Jeweller franchise

Here are the reasons that makes Candere as the fastest-expanding jewellery brand of India.

*Good Brand Image

Candere is a brand owned by Kalyan Jewellers, which is one of India’s leading jewellery retailers. It immediately adds credibility to the franchise business.

*Increasing Trend of Contemporary Jewellery

Today consumers love modern and contemporary jewellery that is stylish and light weight.

*Omni Channel Retailing Model

It allows customers to view products online and make the purchase from stores located in their neighbourhood.

*Continued Growth of Retail Chain

Candere is continuing its growth not only in metro cities but also in Tier-1 and Tier-2 cities.

Recommended Internal Link:

•           Advantages of Investing in Branded Retail Franchise

•           Luxury Retail Franchise Opportunities

Related Link: Best Luxury Retail Franchise Opportunities

Candere Franchise Cost in India

One of the most important queries is to know about the Candere franchise cost.

Here is the list:

A  big store with many inventory will always require additional investment based on its location and format of showroom.

Investment Details.

The cost of establishing a Candere franchise involves many costs.

*Franchise Fee

The usual amount for a brand fee varies from ₹4 lakh to ₹8 lakh.

*Store Interior

Interior designs, lighting, display counters, security measures, and branding of a fine jewellery shop need to be taken care of.

*Starting Inventory

The bulk of the investment will be needed to buy gold and diamond jewellery.

*Working Capital

You also need to maintain money for payroll, rent, marketing, utilities, and other operational costs.

Related Articles: Startup Costs of a Retail Business

Store Requirements and Ideal Location

Finding the place to set up a jewellery business is really important for it to do well.

Space Requirement

•           To start the franchise, we require a space approximately 400 to 900 square feet.

•           The showroom should look very nice and expensive.

•           We need counters to keep our jewellery safe.

•           The front of the store should look very attractive.

Best Locations

Candere stores do well in places like

•           Big fancy shopping malls.

•           Busy shopping streets.

•           Office buildings.

•           Big cities with metro trains.

•           Cities that are very popular.

•           Cities that are a little smaller but still popular.

A large number of people must visit our store daily so that we can make regular sales of our jewellery.

Related  Link:

•           How to Choose the Best Franchise Location

•           Retail Store Location Guide

Candere Franchise Business Model

The Candere Franchise Business Model is really good because it has a way of selling things.

The Candere brand does things in an organized way for many of its stores. It uses something called the FOCO model, which means Franchise-Owned and Company-Operated. So the person who buys the franchise puts in the money. The company helps with the day to day work, which means the customers get the same service and the brand looks good everywhere.

This way of doing things makes it easier for the people who buy the franchise because they do not have to worry about all the work and they can still benefit from being part of the Candere brand.

You can also read about:

• FOCO versus FOFO Franchise Model

• kinds of Franchise Models

Franchise Support and Training

Candere provides support to help franchise partners run their stores in an effective way.

*Setup Assistance

The company helps with showroom planning, store design, and branding.

*Staff Training

Employees get training on customer service, jewelry sales, billing and store operations.

*Inventory Management

The brand helps keep products by using its centralized supply chain.

*Marketing Support

Partners get the benefit of branding campaigns as well as local promotional activities.

*Technology Support

The company gives billing systems, inventory management tools. Help with operations.

Related  Link:

• How Franchise Training Works

• Benefits of Franchise Support Systems

Profitability and ROI

While the exact profits will depend on factors such as location, traffic, expenses, and sales, there is high growth opportunity for Candere due to the following reasons:

•           Famous Kalyan Jewellers brand

•           Increased growth of the jewellery market

•           Higher demand for lightweight jewelry

•           Smart omnichannel selling approach

•           Cheap pricing of the products

•           Rapid expansion of the company’s presence in the retail sector

An efficiently managed show room in an ideal location can provide consistent business.

Recommended  Link:

•           Top Profitable Retail Franchises in India

•           Top Franchise Businesses with Good ROI

Who Should Invest in a Candere Franchise?

A Candere franchise is right for people who want to get into the jewellery business.

It is right for jewellery stores that're already open.

It is right for people who want to put money into retail.

It is right for business people who want to expand their work.

It is right for people who like high-end lifestyle brands.

Having experience in the jewellery field is useful. Not always needed.

 Related Link:

•           Best Luxury Franchise Businesses

•           Top Retail Franchise Opportunities

To Get a Candere Franchise

If you want to be a franchise partner with Candere, it is easy to apply.

Step 1

You need to go to the Kalyan Jewellers franchise page and send in your request.

Step 2

You have to tell them about your business and how much you can invest and where you want to open the store.

Step 3

The people at Candere look at what you sent them and check if the place you want to open the store is good.

Step 4

If they say yes, then you sign the papers for the franchise. Start setting up the store.

Some other things you might want to know:

* How to Get a Franchise in India

* What is, in a Franchise Agreement

FAQS

1. What is the Candere franchise cost in India?

The Candere franchise cost will be around ₹50 lakh to ₹90 lakh. This depends on how big the store's what kind of things we need to put inside.

2. How much space is required to open  Candere store?

We require a space approximately 400 to 900 square feet, and it should be located in high footfall areas or near commercial places.

3. Will Candere help me with my franchise?

Yes. Candere will help me with setting up my store and training my staff. They will also help with managing my stock and doing marketing.

4. Where can I open a Candere store?

Candere stores do well in cities like Mumbai or Delhi. We also like cities that're a little smaller but still have lots of people walking around.

5. Is Candere connected to Kalyan Jewellers?

Yes. Candere became  part of Kalyan Jewellers in 2017.  Since then Candere has grown a lot and is now, in many places.

Conclusion:

With the increasing need for jewelry and the reliable support from Kalyan Jewellers Candere has become one of the most hopeful jewelry retail brands in India. Its focus on designs, reasonable prices and a full online and offline shopping experience makes it a good choice for people who want to start a jewelry business.

Although the cost of a Candere franchise can change depending on where it's what type of store it is putting money into a strong brand that has lots of customer trust and good support can bring chances for a business to grow over time. Before deciding think carefully about how money you can spend, how much people want jewelry, in your area and where you want to open your store to see if this chance fits with your business plans.