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Siriusjewels 9.3 /10

Registered Entity Name: SiriusJewels & Lifestyles Pvt Ltd
2021 Estd  ·  5 Franchisees  ·  Surat HQ  ·  Listed By Management Member

All Formats
Format Investment including Brand Fee Brand Fee Space Staff Exp. Monthly Sales Profit Margin Royalty
Standalone FOCO Model Franchise USD 261 - 290 thousand USD 10.5 thousand 500 - 700 Sq Ft 4 USD 29 thousand 12% FOCO model. Hence no royalty but the franchisee gets a minimum of INR 2.10 Lakhs every month (minimum guarantee scheme) or 7% of total sales, whichever is higher
Mini Store Kiosk USD 35 - 58 thousand USD 2.3 thousand 50 - 75 Sq Ft 1 USD 9.3 thousand 10% FOCO model. Hence no royalty but the franchisee gets a minimum of INR 42,000 - 70,000 lNR every month (minimum guarantee scheme) + 3% of sales exceeding 7 lakhs sales turnover.
Format Name Standalone FOCO Model Franchise Mini Store Kiosk
Investment USD 261 - 290 thousand USD 35 - 58 thousand
Brand Fee USD 10.5 thousand USD 2.3 thousand
Space 500 - 700 Sq Ft 50 - 75 Sq Ft
Staff 4 1
Expected Monthly Sales USD 29 thousand USD 9.3 thousand
Profit Margin 12% 10%
Royalty / Commission FOCO model. Hence no royalty but the franchisee gets a minimum of INR 2.10 Lakhs every month (minimum guarantee scheme) or 7% of total sales, whichever is higher FOCO model. Hence no royalty but the franchisee gets a minimum of INR 42,000 - 70,000 lNR every month (minimum guarantee scheme) + 3% of sales exceeding 7 lakhs sales turnover.
Documents
About Siriusjewels (SiriusJewels & Lifestyles Pvt Ltd)
Siriusjewels is a certified real diamond jewellery brand for unique diamond and gold jewellery designs incorporated 3 years back. Our product range includes diamond rings, diamond earrings, diamond pendants, diamond mini-necklaces, and diamond mangalsutra, bracelets, and many more.
We have a business presence in 3 cities of Gujarat - Rajkot, Jamnagar, and Surat. We are running 4 shop-in-shop stores in Gujarat in partnership with other jewelers and 1 brand store in Surat.
We are having a footfall of around 6-8 customers a day at our mini-stores and 10-12 customers per day for our standalone store.
We are now offering FOCO model franchises for our standalone store. This is being offered with a complete exit plan, minimum guaranteed income & very less cost.
The store format starts with an initial investment of INR 2.55 crore, which consists.
- INR 1.75 Cr. for jewellery stock (fully refundable),
- INR 35 Lakhs for fixtures & furniture (partially refundable at 10% depreciation every year),
- INR 11 Lakhs for shop deposit & inauguration expense (partially refundable)
- INR 9 Lakhs on the franchise fees (non-refundable),
- INR 25 Lakhs for working Capital in Store bank accounts.
We offer a minimum guarantee of earnings for the investor, under this the franchisee gets at least INR 2.10 Lakhs per month from us. (1% of Inventory and furniture & fixture investment)
Investors are safe and sound with store insurance of 3 Cr. against all possibilities of mis-happening.
Against the total investment of INR 2.55 Cr, the INR 2.25 Cr is refundable deposits that will be returned to the investor in the event of the end of the contract.
The company has all the necessary licenses and certifications.
Products and Services
Natural diamond rings, solitaire rings, diamond earrings, diamond pendants, diamond bracelets, diamond mangalsutra, diamond necklaces, diamond mini-necklaces, platinum jewellery and plain gold jewellery.
Our skilled design team has designed more than 5,000 unique designs and we launch collections of designs every month.
Preferred Locations
Bangalore, Hyderabad, Chennai, Bhubaneswar, Kolkata, Pune, Gurgaon, Noida, Ahmedabad, Jaipur, Faridabad, Ludhiana, Mumbai, Amritsar, Delhi, Gujarat, Ghaziabad, Chandigarh, Panipat, Alwar, Sonipat, Meerut, Udaipur, Karnal, Bulandshahr, Gurugram.
How to get Siriusjewels Franchise?
Connect with us on SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
- Purely FOCO model franchisee.
- Shop rent (as per pre-agreed ratio) will be born by franchise.
- You can be a part of the management of the store as well.
- Support in Local Community and Market.
Support you can expect from the company
- Under the FOCO model, we will take care of all the store operations and expenditures including shop rent (as per pre-agreed ratio), electricity, staff salary and incentive, customer hospitality, and CC swipe charges.
- We will identify the store site, and do all the interior work as well.
- We will hire, train, and manage the staff.
- Take care of all marketing and advertising.
- Product inventory.
- Minimum guaranteed return of INR 2.10 lakh per month.
- Competitive margins on sales.
- Franchise has a lock-in period of 24 months, with 3 months' notice. An early exit at 27 months with all below refunds.
We will return full investment against inventory (INR 1.75 crores), depreciated value of furniture & fixtures (INR 20.5 lakhs at the end of the contract of 5 years), and shop deposits (INR 5 lakh approx. ).
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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    Frequently
    Asked
    Questions
    • When was Siriusjewels established?
      Siriusjewels was established in 2021 in Surat and is reported to have 5 Franchisees currently
    • What is the investment required to take up Siriusjewels Franchisee?
      Investment required ranges from INR 30 lakh - 2.5 crore depending on the format offered.
    • What is the space requirement for taking up Siriusjewels Franchisee?
      Space required ranges from 50 - 700 sq ft depending on the format.
    • What Franchisee formats does Siriusjewels offer?
      Siriusjewels offers 2 formats, i.e Standalone FOCO Model Franchise,Mini Store Kiosk.
    • How to get Siriusjewels Franchisee?
      Connect with us on SMERGERS and we will guide you through the process.
    • Show more