Fast-Fix Jewelry Repairs Franchise

While-you-watch jewelry and watch repairs

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The world's largest franchisor of dedicated jewelry and watch repair services headquartered in Delray Beach, Florida operates more than 160 franchised stores in high-traffic areas of regional shopping malls throughout the United States and Canada. FAST-FIX stores specialize in offering a wide range of "while you shop" repair services including but not limited to: ring sizing, chain repair, remounting, engraving and eyeglass repair, in addition to replacing watch batteries. The company has recently announced their expansion into Ireland and the United Kingdom. FAST-FIX is recognized today as the world leader in delivering fast, efficient, professional repair work on jewelry and watches for men and women. FAST-FIX opened its first store in Pittsburgh, Pennsylvania in 1984 with great success. Consumers responded because they didn't have to wait weeks for a repair to be completed and could see first-hand the quality and care that goes into every repair. Soon thereafter, FAST-FIX began franchising domestically, with the first franchise store opening in Dallas, Texas. After acquiring the company in 1996, Chief Executive Officer, Marvin Biltis and President, Kenneth A. Marks successfully expanded its' franchise operations from 50 to more than 160 franchised stores. Under their oversight, FAST-FIX has also achieved continued sales growth to over $56 million in 2008 and has plans to open more than 15 franchised locations annually.The total investments necessary to begin operation of the different types of service centers are: Kiosk : $153,961 - $242,931In-Line Store : $256,961 - $437,931Store-in-Store (Meijer) : $ 97,961 - $167,931

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Fast-Fix Jewelry Repairs, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Fast-Fix Jewelry Repairs website.

How much does it cost to open a Fast-Fix Jewelry Repairs Franchise ?

The investment required to open a Fast-Fix Jewelry Repairs Franchise is between $153,961 - $437,931 . There is an initial franchise fee of $35,000 -$40,000 which grants you the license to run a business under the Fast-Fix Jewelry Repairs name.

Individual Franchise Costs

  • Initial Investment:
    $153,961 -
  • Initial Franchise Fee:
    $35,000 - $40,000
  • Royalty Fee:
    6%
  • Advertising Fee:
    2%
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $15K

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s):
SBA lenders & leasing companies

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
Ad slicks

Fast-Fix Jewelry Repairs Growth History

When did the first Fast-Fix Jewelry Repairs open? 1984
When did Fast-Fix Jewelry Repairs start Franchising ? 1987

International franchisees required to buy multiple units/master licenses; 33% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators)

General business experience

Canada,



How much does a Fast-Fix Jewelry Repairs Franchise owner make?

How much money you could make as a Fast-Fix Jewelry Repairs Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Fast-Fix Jewelry Repairs Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$35,000 - $437,931
Initial Franchise Fee
$35,000 - $40,000
Royalty Fee
6%
Advertising Fee
2%
Term of Agreement
10 years
Renewal Fee
$15K
Latest News
Jewelry Repair Enterprises Opens Fast-fix Stores In California, Florida, Illinois
Delray Beach, Florida
2005-01-26
Jewelry Repair Enterprises Announces Plans For Opening Of Fast-fix Store In Queens Center Mall In Elmhurst, N.y.
Delray Beach, Florida
2004-03-02 View All
Fast-Fix Jewelry Repairs Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Fast-Fix Jewelry Repairs and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Fast-Fix Jewelry Repairs franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.