Mumbai: For the first time in its 150-year old history, Tribhovandas Bhimji Zaveri Limited (“TBZ”), a well-known and trusted jewellery retailer in India, invites franchisees to be a part of its jewellery retailing business. Through the TBZ Franchising opportunity, entrepreneurs can open TBZ-The Original stores across India and retail the brand’s product which includes over 20,000 in-house designs. TBZ Ltd. intends to open franchisees in cities across India where it is not present at this point of time through its exclusive brand outlets (EBOs). At present, TBZ Ltd. has 28 EBOs stores in 22 cities across 10 States including Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Kerala, Seemandhra, Telangana, Rajasthan, Jharkhand and West Bengal.
Mr. Shrikant Zaveri, Chairman and Managing Director, TBZ Ltd., said, “TBZ Franchising Opportunity is a unique opportunity for entrepreneurs to capitalize on the various growth possibilities in the Indian gems & jewellery retailing business. The prospects of the gems & jewellery sector have become quite rosy after it has recently been included in the Prime Minister’s ‘Make in India’ initiative. Recent Government policies such as the elimination of the 80:20 Rule for gold imports are also conducive to growth and progress of the sector. These positive macro-economic trends have inspired us to invite more members to the TBZ-The Original family to partner us in our expansion journey. The award-winning brand’s time tested strength, tradition, values and rich legacy will help them tap vast opportunities while we shall enhance our reach, footprint and penetration to lakhs of brand admirers in different parts of India.”
The franchising strategy has been formulated by the management to address the ever-increasing fondness and demand from a growing number of customers across geographies who aspire to own jewellery from TBZ-The Original. Every franchisee store will showcase latest designs of all new collections and will offer the same standardized shopping experience to customers as TBZ-The Original EBOs. The new franchisee showrooms will have elegant interiors and customers will be given personalized attention and customized services. Every showroom will offer a wide array of innovative and attractive jewellery designs with an added attraction of custom-made products.
TBZ Franchising Opportunity comes with various benefits such as extensive industry driven expertise, guidance at every step and widespread cost-effective marketing at low investment costs. The franchise opportunity offers direct access to target customers and access to a time tested profitable business model.