Fast-Fix Jewelry Repairs vs Batteries Expert Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fast-Fix Jewelry Repairs vs Batteries Expert including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Fast-Fix Jewelry Repairs Franchise
Batteries Expert Franchise
Investment $153,961 - $437,931$80,000 - $200,000
Franchise Fee $35,000 - $40,000$20,000
Royalty Fee 6%1%
Advertising Fee 2%1.5%Nat'l +1%local
Year Founded 19841964
Year Franchised 19871996
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $15K-


Business Experience Requirements
 
Fast-Fix Jewelry Repairs Franchise
Batteries Expert Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Fast-Fix Jewelry Repairs Franchise
    Batteries Expert Franchise
      In-House/3rd PartyIn-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
     
    Fast-Fix Jewelry Repairs Franchise
    Batteries Expert Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    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
     
    Fast-Fix Jewelry Repairs Franchise
    Batteries Expert Franchise
    US Expansion --
    Canada Expansion NoYes
    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 Batteries Expert

    Batteries Expert is a family based operation founded in 1964, creating a network of experts across Quebec and recently expanding into Ontario. Since 1964, we have evolved from a home based business in the family garage to a banner with 71 distribution locations across the province of Quebec and 10 locations in Ontario. We are now a full-fledged franchise with the reputation for being ready to do what is necessary in order to ensure the longevity of our success. Our franchisees are positioned in the market to be " THE " location for all battery types, from the hearing aid battery to the lawn tractor battery, passing through car batteries, AGM, button cells and more. Our current expertise goes even as far as offering the opportunity to rebuild certain batteries that are not readily available as replacements in the market place. As our market goes green, we are also the reference in off-grid alternative energy needs, from the solar panels, regulators and chargers to 12 volts water pumps, 12 volts refrigerators, propane instant water heaters and everything else in between. Join our Batteries Expert team and be at the leading edge of new developments in the automotive and alternative energies fields. This franchise offers an opportunity to expand your already successful business, offering in-house training and technical support. Featuring quality service and products in a world where batteries and related products touch every part of our daily life. Take advantage of this unique opportunity. Now is the time for you to have unlimited energy...batteries included.