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  • Area Req
    500 to 1000 sft
  • Investment Range
    Rs. 50lac - 1 Cr.
  • Franchise Outlets
    10
Business Details
The Prime is an International luxury, designer and fashion watch brand retailer dealing through its chain of retail stores on India. It has developed from a small retail shop of a handful of Indian brands to a national player having a presence across India carving a niche for itself as one of the leading retailers of International Luxury brands of watches in India It currently operates out 20+ outlets across India in: • Watches • Gadgets • Jewellery, premium writing instruments and lifestyle products. Our company is a trusted partner to many international brands and is a franchisee for several Luxury brands (such as Tag-Heuer, Baume & Mercier, Rado and Longines), Premium brands (such as Omega, Bvglari, Chopard, Piaget, Dior and Frankmuller) and Fashion Brands (such as Tissot, Seiko, Calvin Klein, DKNY, Kenneth Cole, Gucci, Fossil, Emporio Armani, Giordano and Balmain). The Prime has developed from a small retail shop of a handful of Indian brands to a national player having a presence in five states of India carving a niche for itself as one of the leading retailers of international luxury brands of watches in India. THE PRIME is a trusted partner to more than 35 international brand and is a franchisee for different luxury brands (such as Tag Heuer, Baume & Mercier, Rado and Longines), premium brands (such as Omega, Bvlgari, Chopard, Piaget, Dior, and Frankmuller) and fashion brands (such as Tissot, Seiko, Calvin Klein, DKNY, Kenneth Cole, Gucci, Fossil, Emporio Armani, Tommy Hilfiger and Hugo Boss). The outlets cater to the entire range of watches primarily for men and women in the price range of Rs. 2 thousand to Rs. 20 lacs. THE PRIME further deals in elegant showpieces of brands like Swarovski and Lladro, writing instrument from the house of Mont Blanc and other premium brands and mobile phones from Vertu, Tag Heuer and Dior. The Prime also displays international branded jewellery. The Prime operates its retail business through three types of stores: The Prime – Luxury Watch Boutique, where an array of luxury brands are displayed and offered under one roof – The Prime – Luxury Watch Boutique. The watches put on shelve are priced at Rs. 20,000 and above. The Prime – Duets - Fashion Watch Studio is the latest to the array of fashion watch outlets. The core concept behind this is to provide assurance of authenticity, transparency and exclusivity and labelled as The Prime – Fashion Watch Studio. The watches put on shelve are priced at Rs. 3,000 and above. Exclusive Brand Boutique (Franchisee Boutique) focuses on particular brand which attracts customer loyalty for the brand. The layout of each uniquely designed outlet is done in such a way that ambience reflects elegance that fits the needs of a globetrotting customer, who appreciates an international shopping experience: courteous service and high-quality products.

Investment Details

Commenced Operations

Operations Commenced On2005

Franchising / Distribution Commenced On2006

Franchise Details
Units

Area500 to 1000 sft

Investment Rs. 50lac - 1 Cr.

Franchise/Brand Fee 2 Lacs

Royalty/Commission30%

Expansion Locations
North

Delhi, Haryana, Uttar Pradesh

South

Andhra Pradesh, Karnataka, Tamil Nadu

East

Assam, Odisha, West Bengal

West

Gujarat, Maharashtra

Central

Jharkhand

Union Territories

Chandigarh

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise Yes

Performance guarantee to unit franchisee No

Anticipated percentage return on investment - NA -

Likely pay back period of capital for a unit franchise - NA -

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity Luxury Malls, Market

Floor area requirement 500 to 1000 sft

Preferred location of unit franchise outlet Delhi, Gurgaon, Noida, Chandigarh, Bangalore,Hyderabad,Chennai, Ahmadabad, Kolkata, Mumbai,Pune,Ranchi, Bhubaneshwar, Cuttak etc

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location No

Is field assistance available for franchisee? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Year

Is the term renewable? Yes

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