Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Real Estate 2015-10-28

Of Gold, Glitter and a great business avenue

Of Gold, Glitter and a great business avenue

Attica Gold, a known name in the gold buying and selling space is expanding fast via franchise partners pan-India. Its present investor model offers dual advantage of Investing in a unique business model with a fixed return of 18-24% apart from variable returns. MD of the brand, Bommanahalli Babu tells us why his brand enjoys the first mover advantage with patent towards its business model and how it’s beneficial for franchisees also. 

What inspires you? Who is your inspiration to excel?

I am a firm believer in helping the people and there can be so many ways in doing that. So, I prefer to follow my own path to create a newone. I inspire myself in most difficult times.

Where do you plan to expand next? Any target zones apart from South zone?

Within a short span of just six months we have been able to get 40 franchisees. Next, within 12-16 months, we will be operating 300 branches across south zone. Apart from south zone, we are already present in Indore and looking for pan-India expansion.  

What kind of technology do you use to make this expansive trade better and more accurate?

In the fast growing IT Sector, people tend to believe in businesses that are technology backed. In our business, we evaluate gold and its purity without human intervention. This builds trust among customers and inturn converts into more business. Presently, we are using imported german machine to evaluate gold and planning to upgrade the same for better results.

What reasons do you attribute for the gold sector being largely unorganised?  

The major reason for gold sector being largely unorganised is families and big business ventures running a business. This way, the capital requirements, knowhow of the business is largely held as a secret within family.

What are the risks involved in gold buying/selling trade and how can franchisees overcome them?

Spurious gold and gold sold by unauthorised people are biggest risks involved in trading of gold. To reduce the risk, franchisees should be provided with complete training for their staff. Also, customers should be properly verified either by physical or third party agency for reducing the risk.

Franchise facts

Investment

Area

RoI

Breakeven

Current stores

Rs 16-20 lakh

400-600 sq ft

18-24 months

18-24 months

20

Comment
image
image
image
Related opportunities
  • Fashion accessories - women
    About Us: Malaysia's Leading Chain of Fashion  & Lifestyle concept stores. The..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • The journey of Scottish Early Years began in 2016, envisioned..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • EuroKids pre-schools in 2001 with the idea of providing a..
    Locations looking for expansion Maharashtra
    Establishment year 1997
    Franchising Launch Date 2001
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Furniture/Home Decor & Furnishing
    Interiors & More. Our brand Interiors & More is a..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts