Established in the Year 2013, Attica Group is a new and vibrant entrant to the Gold Business with its Head Office at Queens Road,Bangalore. The promoter of Attica group, Mr.Bommanahalli Babu, has a long term vision of addressing the problems faced by the public, who wanted to sell their used gold for a fair rate. In today’s scenario, when the public looks for buying gold, they have got hundreds of Jewellers available and they are more or less organised. Similarly when people want to pledge their gold, again there are number of options available, both in the organized and unorganized sector especially NBFCs, Pawn Brokers, Cooperative Societies, and Banks etc. But when one looks at selling their used gold for an emergency, options are very limited and the avenues available are lacking transparency.
To address the above stated problem area, Mr.Bommanahalli Babu has started an Organisation namely Attica Gold Company which have got a clear brand value in the city of Bangalore within a short span of its operation. Though the old gold buying is happening in an unorganised manner, Mr.Babu’s vision is to set up his business in a most professional manner. By installing Karat Checking machines with most modern Germen technology in each and every branch by which, Attica clearly wants to set a milestone in the old gold/used Gold buying business.
Currently with 5 branches across Bangalore city, Attica Gold Company is in the news, and with its vision to spread this business across the country. Attica has decided to take some positive steps towards creating a world class business environment, by which there will be an opportunity to satisfy the needy public, who wanted to sell their gold in a most transparent environment with the best possible rate. The Attica group which is one way a Start-up business, with about less than 1 Year vintage, is aiming to provide financial assistance to the customers who wanted to sell their Gold, Platinum and Silver ornaments for the best price.
Attica Group of Companies are led by its Promoter and Managing Director Mr.Bommanahalli Babu, who has been instrumental in conceptualising and building the idea of providing assistance to those who wanted to trade their used gold in a transparent and Professional environment and had built 5 branches across Bangalore city from the scratch within 12 months of its operation. His vision is to establish Attica Gold Company a world Class organisation, and is committed to provide reasonable returns to their Clients and investors with steady and organic growth. The group is looking forward to establish the brand “Attica Gold” in a big way and to set an example of leading by example. Being the fore runner in this business, Mr. Babu’s aim is to establish 50 touch points in the next 6 Months, 100 touch points within 12 months and 500 touch points across the country within a span of next 3 years.
Whatever your ornaments may it be Gold Ornaments, Bullions, Platinum Ornaments, Diamonds, unlike other Jewellers, we offer immediate cash/Cheque/NEFT/RTGS settlement for your ornaments. We are specialised in evaluating the value of your gold in a most transparent manner using Karat Checking machines which uses XRF precious metal analysing technology, which is considered as the most modern technology in evaluating the purity.
Operations Commenced On2013
Franchising / Distribution Commenced On2014
Area400-600 Sq. Ft
Investment Rs. 10lac - 20lac
Franchise/Brand Fee 1.5 Lakhs
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal
Andhra Pradesh, Karnataka, Kerala, Tamil Nadu
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Want to expandNationwide
Exclusive territorial rights to a unit franchise No
Performance guarantee to unit franchisee Yes
Anticipated percentage return on investment 38% Per Annum plus p
Likely pay back period of capital for a unit franchise 18 months
Other investment requirements No
Type of property required for this franchise opportunity Semi commercial pref
Floor area requirement 400-600 Sq. Ft
Preferred location of unit franchise outlet Across South India
Detailed operating manuals for franchisees Yes
Franchisee training location No Need of Franchisee training. Staff recruitment,
Is field assistance available for franchisee? No
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise No
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 Year
Is the term renewable? Yes