Oro China (read as Oro Tsina) is derived from the Spanish word “Oro” for gold; and “China”, from old conversational jewelry language, “chinahin”, or “chini-china ang ginto” or ‘to purify the gold’.
From its humble beginnings in 1967, Oro China Jewelry has a proven track record of dedicated and passionate pursuit to what can now be considered the country’s prime jewelry store. Over the years Oro China has constantly delivered exceptional service to its customers, ensuring a genuine commitment in giving the clients guaranteed satisfaction on Oro China’s exquisite jewelry lines.
The company was established by Mr. Ng Han Hua (Chinese surname is Ty) and his wife, Lucita Viloria. Mr. Ng is a native of Fukian, China who migrated to the Philippines with his father in 1957. After working with his father in jewelry manufacturing and having gained experience in jewelry retailing, Mr. Ng and his wife, Lucita, migrated to Cebu and opened Oro China Jewelry.
As a pioneering jewelry company in Cebu, Oro China has lived up to its name, being the most preferred and trusted jewelry store today. What sets Oro China jewelry apart is the superior craftsmanship and varied designs of the jewelry. Customers are assured of high quality and all brand new items. Oro China is a haven of wide selection of brilliant jewelry pieces, where customers can choose from vast selections of necklaces, pendants, bracelets, earrings, rings and wedding rings.
The collection includes the store’s best seller 18k Chinese gold; the very fashionable Italian gold in 14k white and yellow gold setting; sparkling diamonds; the dainty 24k Hongkong gold; cultured pearls; and the mother of all pearls, South Sea Pearl.
The power duo, Harry and Jennifer, boasts of their people whom they consider an extension to their family and for whom they take pride for being the prime movers in the growth of their jewelry business. Periodic trainings in customer service and product knowledge are constantly made available to the company’s sales force to ensure distinctive service at all times.
How to Franchise ORO China Jewelry :
Franchise Fee: Call (Full Store, Small Outlets or Kiosks)
- Initial Term: 6 years
- Renewal term: 6 years
- Renewal fee: none
- Royalty: none
- Minimum space requirement for full store: 35 square meter
Contact Details of ORO China Jewelry :
ORO CHINA JEWELRY
40 Plaridel, Cebu City, Philippines
Phone: +63(32) 256-1273
Email: [email protected]
Website: www.orochinajewelry.com
Facebook Page (This link will open on a new window)
Basics of Franchising ORO China Jewelry
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from ORO China Jewelry, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising ORO China Jewelry is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising ORO China Jewelry offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
ORO China Jewelry is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like ORO China Jewelry due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by ORO China Jewelry, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of ORO China Jewelry also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising ORO China Jewelry
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with ORO China Jewelry franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising ORO China Jewelry.
4 Check if ORO China Jewelry franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful ORO China Jewelry franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful ORO China Jewelry franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful ORO China Jewelry franchisee.