Fast-Fix Jewelry Repairs vs Battery Giant Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fast-Fix Jewelry Repairs vs Battery Giant including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$153,961 - $437,931 | $177,750 - $242,000 |
Franchise Fee |
$35,000 - $40,000 | $19,900 |
Royalty Fee |
6% | 1% - 4% |
Advertising Fee |
2% | - |
Year Founded |
1984 | - |
Year Franchised |
1987 | - |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
$15K | - |
Business Experience Requirements |
Experience |
General business experience | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | "Battery 101"
*Showroom and store operations
*Point-of-sale system
*Commercial sales
*Sales activities
*Corporate support
*Advertising
*Battery Finder
*BG Intranet site
Two weeks in classroom
*day-to-day operations
*hands-on experience making commercial sales calls
*repair center operations.
|
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | The install team will provide worry free set-up and reduce any issues associated with getting your doors open.
On-Site Support
Your Regional Manager will be on-site to assist you
once your soft opening has been scheduled. This on-site assistance extends through the soft opening and beyond the Grand Opening. Your Regional Manager will even provide field training.
*Operations Manual
*Commercial Sales Manual
*Commercial Sales Training Class
*BG Intranet Site
*Battery Finder
*Advertising Support
*Point-of-Sale Support
*Day-to-Day Support
|
Marketing |
Ad slicks | - |
Operations |
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) | - |
Expansion Plans |
US Expansion |
- | - |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
Company Overviews
About Fast-Fix Jewelry Repairs
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 - $242,931
- In-Line Store : $256,961 - $437,931
- Store-in-Store (Meijer) : $ 97,961 - $167,931
About Battery Giant
An Electrifying Franchise Opportunity!
Battery Giant is committed and poised to become the largest, most convenient battery retail outlet in the marketplace. Battery usage is rapidly growing due to technological advances, lifestyle changes and all sorts of devices.
The US battery market is growing by 10% per year!
The typical household has over 21 different battery-operated devices.
$275 million laptop computer batteries are sold each year.
Over 100 million mp3 players and iPods are in US circulation with little to no after sale support for replacement batteries.
Over 14 million after-market cell phone and PDA batteries are sold annually.
As baby boomers continue to age, battery operated wheelchairs, personal mobility devices, golf carts and scooters continue to grow annually in excess of 5%.
As the economy grows, so does the need for power sport, automotive replacement and forklift batteries, with no signs of slowing.
Why Battery Giant?Battery Giant a franchise opportunity from Franchise Genius. Battery Giant was born out of several already successful, established businesses. Working with our knowledgeable team and offering trusted brand names ensures you the very best experience as a new business owner.
Battery Giant Offers:
One of the lowest franchise fees available
Prime market opportunities
Larger than usual protected territory for each Franchisee
Low royalty fees
Low start up costs
Turnkey operation
Battery Giant sets up your store
State of the art, Windows-based, Point-of-Sale system
Kits created for simplified purchasing of store setup
You share in ecommerce sales
Develop markets outside your territory
Ten year agreement
A low corporate overhead cost structure saves you money
Our business model is designed to help you become the "go-to" battery specialist.
Retail and commercial customers experience a satisfactory and positive service that's both fast and friendly. They are confident you know what they're looking for and always have what they need.
Commercial sales are built on dependable relationships and a level of service second to none.
As you become the battery specialist for your market, your business continues to grow.
We want you to be able to pass your business on from one generation to the next.