Rank no.422 – Fast-Fix Jewelry & Watch Repairs – US
Products & Services: Jewelry & watch repairs
Number of Locations: 154
Total Investment: $185.88K – 358.42K
Began Franchising: 1987
About Fast-Fix Jewelry & Watch Repairs
Fast-Fix opened its first store in Pittsburgh, Pennsylvania in 1984, offering a wide range of “while you shop" repair services. Soon thereafter, the company began franchising domestically, with the first franchise store opening in Dallas, Texas. Since acquiring the company in 1996, CEO Marvin Biltis and President Kenneth A. Marks have expanded the 50-store system to more than 160 franchised stores. The company recently announced its expansion into Ireland, the U.K., Australia and New Zealand.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Middle East, Mexico, South America, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $185,888 – $358,419
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $250,000
Liquid Cash Available: $50,000 – $75,000
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).
How This Franchise Supports Franchisees
Training: Available at headquarters: 10 days. At franchisee’s location: 3 days at opening. Annual convention
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks,
Other marketing support: Opening marketing support, ongoing marketing programs, in-store graphics & promotional pieces available
Franchise Ranking History
Franchise 500®: #422 (2013), #378 (2012), #240 (2011), #248 (2010), #321 (2009),
America’s Top Global: #186 (2011), #184 (2010),
FAST-FIX JEWELRY AND WATCH REPAIRS®
Established in 1985, Fast-Fix has become a recognized industry leader and a trusted brand and consumer choice for Jewelry, Watch and Smartphone Repair Services as well as Custom Jewelry Design and Personalized Engraving Services. Fast-Fix has nearly 200 locations in the United States and Ireland. Each of our locations is staffed with professionally trained, Expert Jewelers, Watchmakers and Smartphone Technicians that provide the High Quality and Timely Services our customers have grown to respect and appreciate.
BRING IT IN TODAY, WEAR IT OUT TONIGHT®
Fast-Fix locations are conveniently located within Regional Malls and Shopping Centers. We understand how busy life can be and we take great pride in performing most services ”WHILE YOU SHOP”!
THE FAST-FIX DIFFERENCE®
Many repair companies send your valued possession somewhere else to be serviced. At Fast-Fix, our professionally trained, Expert Jewelers, Watchmakers and Smartphone Technicians perform most repair services on your Jewelry, Timepiece or Smartphone onsite in our store. Not only does this allow for high quality services to be completed in a more timely fashion, it also provides our customers with the added protection and peace of mind from concerns regarding the risk of a valuable or sentimental possession becoming tampered with, stolen or lost.