FAST-FIX JEWELRY AND WATCH REPAIRS

  • Jewelry Repair Enterprises, Inc.
1300 N. W. 17th Ave., # 170
Delray Beach, FL 33445-25
  • (800) 359-0407 / (561) 330-6060
  • (561) 330-6062 (Fax)

With a 27-year track record, FAST-FIX JEWELRY AND WATCH REPAIRS is the #1 national chain of dedicated jewelry and watch repair stores with more than 160 franchised locations operating in the United States and Canada. FAST-FIX stores operate only in major regional malls that afford customers "while-they-shop" jewelry and watch repair service. Prior jewelry experience is not necessary. Our full training program at FAST-FIX University along with our support system that includes national conventions and regional marketing meetings will motivate you and prepare you to operate your FAST-FIX store.

Franchisor Background

Year Established: 1984

Franchising Since: 1987

Operating Units

Franchised Units 163 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 163 100%

Geographic Distribution

USA 161 97.0% In 27 States
Canada 2 1.2% In 2 Provinces
International 3 1.8% In 3 Foreign Countries
Total 166 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
California 39
Florida 24
Texas 17

Registered in the following Registration States

California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Virginia, Washington, Wisconsin, District of Columbia

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Support and Training

General Information

IFA Member Yes
CFA Member Yes
Franchisee Association? Yes, is a member
Size of Corporate Staff 18
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Indirect

Marketing Support

Co-Op Advertising No
National Advertising No
Regional Advertising No
Local Advertising No
Marketing Materials Ad Slicks, Brochures, Coupons/Rebates, Direct Mailers, Promotional Items, Site Signs
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing N/A
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control N/A
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

National Training Center in Delray Beach, FL 10 Days
On-Site 5 Days
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Financial Requirements

Investment

Minimum Net Worth $250K
Cash Investment $100K
Total Investment $166-308K
Average Total Investment $237K

Fees

Initial Franchise Fee $40K
Average Franchise Fee $40K
On-Going Royalty 6%
Average Royalty 6%
Advertising Fee 2%

Site Information and Requirements

Average Number of Full-Time Employees 3
Average Number of Part-Time Employees 2
Space Needs (in square feet) 250-850
Preferred Site Types Regional Mall
Encourages Conversions No
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 5
Specific Industry Experience 2
Formal Education 2
Psychological Profile 2
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
Yes, for 1 year
Sub-Franchisor
Contracts?
Yes
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 15
USA Yes, All United States
Canada Yes, All Canada
Overseas Yes, All Countries
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Request Information for FAST-FIX JEWELRY AND WATCH REPAIRS

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