Building materials have a huge demand in India. If you have a plan to start a business in this field, then you can start a tiles dealership business by partnering with any recognized brand.
There are many well-established tiles brands in the country such as Kajaria, Orient Bell, Somany, Nitco, etc. You can partner with these brands and start a tile dealership business.
Out of these brands, in this article, we will give you complete information about the Nitco tiles dealership.
This article contains all the topics related to the Nitco tiles dealership, which includes Nitco tiles dealership cost, profit margin, shop space required, licenses, and registrations, whom to contact, etc.
Why choose Nitco tiles dealership?
Nitco is India’s leading tile, marble, and mosaic manufacturing company with headquarters in Mumbai, Maharashtra. The company also has 15 branch offices all over the country.
Nitco has a Tiles and mosaic manufacturing plant in Maharashtra and a Marble manufacturing plant in Silvasa, Daman & Diu.
The Brand has a pan India presence with 380+ direct dealers, 1800+ sub-dealers, and 180+ franchise stores.
Nitco also exports its products to 40+ countries like Nepal, South Africa, Belgium, UAE, Ireland, Thailand, Bhutan, Canada, etc.
Licenses and Registrations Required
These are the licenses and registrations required to open a Nitco tiles dealership in India.
- Company Registration – Sole proprietorship/LLP/Pvt Ltd
- Trade Licence – from your local municipality
- Shop & Establishment Registration – from the state government
- GST Registration
- Previous bank statement / Income Tax Returns Returns
- Business Insurance if required
If you lack capital you can contact banks like SIDBI for business loans.
Nitco tiles dealership cost
You require approximately 32 to 42 lakh rupees to start a brand-exclusive Nitco tiles dealership.
The actual investment amount mainly depends on the quantity of inventory/stock that you are going to purchase at the beginning.
If you do not own the showroom and the warehouse space then you need to add that cost extra.
Here is the break-down of the above-said amount,
- Dealership Security Deposit -> 2 lakhs
- Initial inventory purchase -> 27 to 32 lakh rupees
- Showroom Interior -> 3 lakh to 4 lakhs
- Miscellanious expenses -> 1.5 lakhs
- Showroom & Warehouse Advance + First-month Rent -> extra (if you do not own a shop)
The working capital required is employee salary, utility bills, adding stocks, shop rent, etc.
Profit margin in Nitco tiles dealership
From the Nitco tiles dealership, you can expect a profit margin of 10% to 15%.
The profit at Nitco Tiles Dealership depends on the monthly sales you are getting. If you have high sales, you will be able to buy a large amount of stock and get a large discount from the company.
Nitco tiles also offer bonuses and schemes, 6 months after opening your dealership. If you succeed in meeting the company’s sales goals, you can expect up to 14% profit.
Space required for Nitco tiles dealership
Overall you require a minimum of 2000 square feet of space to open a Nitco tiles dealership.
For the showroom, you require a minimum space of 800 to 1000 square feet and for the warehouse, you need 1000 to 1200 square feet space,
How to get Nitco dealership?
To get a Nitco tiles dealership, first, you need to contact your area Nitco’s sales manager. You can get his number by calling Nitco toll-free number 1800 266 4826.
You can also contact them at their official website.
Once you contact the brand, they will be in touch with you and if you are eligible, then help you in launching your dealership.
Your eligibility for the Nitco tiles dealership mainly depends on factors like the density of other Nitco tiles dealers in your area, your financial background, your experience in trading, and your shop location, etc.
You may also Like:
- H&R Johnson Tiles Dealership | Complete Details
- Somany Tiles Dealership | Complete Details
- Simpolo Tiles Dealership | Complete Guide
- Orient Bell Tiles Dealership | Complete Guide
FAQ about the dealership
How much space is required to start a Nitco dealership?
You require a minimum space of 2000 square feet space
Investment required to start a Nitco tiles dealership?
You need to invest around 32 to 42 lakh rupees
What is the Profit Margin in a Nitco tiles dealership?
You can expect a profit margin of 10% to 15%
How to contact Nitco for the dealership?
You can call their toll-free number 1800 266 4826.
I hope this guide to ‘Nitco tiles dealership’ will help you get started. If you have any additional suggestions, feel free to mention them in the comments section below. If you like this article then kindly share it with your friends.