Fast-Fix Jewelry Repairs Franchise

While-you-watch jewelry and watch 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

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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 Unit Costs

Initial Investment:
$153,961-$437,931
Initial Franchise Fee:
$35,000-$40,000
Royalty Fee:
6%
Advertising Fee:
2%
Term of Agreement:
10 years
Renewal Fee:
$15K

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News and Press Releases

Fast-fix: The Biggest Jewelry And Watch Repair Franchise In The World And A Distinguished Franchise
Fast-fix franchise is the world's largest jewelry and watch repair franchise in the world! Created in 1987, nowadays it counts more than 160 stores in the US and Canada mostly located in malls and more locations should open in the world, particularly in Europe. In over 2 decades, fast-fix has earned...

Fast-fix: A Franchise Opportunity To ‘watch'
As consumers nationwide are cutting back on frivolous spending in favor of the basics, retailers are taking a hit at the cash register. But for those like FAST-FIX, the world's largest franchise of jewelry and watch repair services, the weakened economy is offering a tremendous franchise opportunity...

Jewelry Repair Enterprises Opens Fast-fix Stores In California, Florida, Illinois
Jewelry Repair Enterprises Inc. (JRE), the Delray Beach, Fla.-based franchisor of FAST-FIX JEWELRY REPAIRS�, today announced the opening of FAST-FIX stores in California, Florida and Illinois. Franchisees have opened FAST-FIX stores in Westminster Mall in Westminster, Calif.; Northridge Fashion ...

Jewelry Repair Enterprises Announces Plans For Opening Of Fast-fix Store In Queens Center Mall In Elmhurst, N.y.
Jewelry Repair Enterprises Inc. (JRE), the Delray Beach, Fla.-based franchisor of FAST-FIX JEWELRY REPAIRS�, today announced plans for the opening of a FAST-FIX store in Queens Center Mall in Elmhurst, New York. The store will open in the fall following a major expansion of the mall. The company...

Fast-Fix Jewelry Repairs News & Press Releases

Fast-Fix Jewelry Repairs Franchise Growth History

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

Fast-Fix Jewelry Repairs Franchise Expansion Plans

International: Canada,

Financing Options

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

Training & Support

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

Marketing
Ad slicks

Business 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)

Qualifications & Business Experiences

Business Experience:

General business experience

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

To calculate how much income a franchise owner can do at Fast-Fix Jewelry Repairs Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

Listing Tags

Fast-Fix Jewelry Repairs, Jewelry Repairs, ring sizing, battery replacement

Fast-Fix Jewelry Repairs Franchise Opportunity viewed 7929 times by investors.

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