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| Fast-Fix Jewelry and Watch Repairs Fast-Fix Jewelry and Watch Repairs began in 1984 with one location in Pittsburgh, PA. Today, Fast-Fix is the world’s largest franchisor of dedicated jewelry and watch repair services, operates more than 160 stores worldwide and was recently recognized as one of the fastest growing-private companies in the U.S. by Inc. magazine. Fast-Fix kiosks and in-line stores are located in regional malls, where high visibility and high traffic combine to create a proven sales-generating atmosphere. Jewelry
and watch repair is a year-round, multi-billion dollar business, but most
jewelry stores primarily engage in retail sales, meaning customers may wait a
week or more for repairs. Fast-Fix is
the only international chain of stores dedicated to eliminating this wait,
offering quick same-day service and even completing many repairs in front of
the customer within minutes. This
unparalleled convenience and the professional quality of repairs has made
Fast-Fix an exceptionally strong brand. Investment
Required
The
fee for a Fast-Fix Jewelry and Watch Repairs franchise is $40,000. Fast-Fix
Jewelry and Watch Repairs provides the following range of investments required
to open your initial franchise. The range assumes that all items are paid for
in cash. To the extent that you choose to finance any of these expense items,
your front-end investment could be substantially reduced. On-going
Expenses
Fast-Fix
Jewelry and Watch Repairs franchisees pay royalty fees equal to 5% of gross
sales and required advertising spending equal to a minimum of 2% of gross sales. What You Get—Training
and Support Fast-Fix
provides a multi-tiered classroom and on-site approach to training. This thorough
training ensures that franchise owners with absolutely no experience working
with jewelry can succeed under the Fast-Fix business model. Initial training at
the Fast-Fix University School in Delray Beach, FL lasts for ten days and
covers all aspects of the Fast-Fix business, including hiring, training, store
organization and workflow, sales, intake, customer service, store policy,
management tools, POS, inventory, marketing and merchandising, and safety and
security. Fast-Fix
supports franchisees with every aspect of building their stores, by securing a
visible site in the mall, negotiating the lease, constructing the store and
providing franchisees with initial inventory and equipment. After the store is completed, Fast-Fix
provides a trainer to guarantee a smooth opening, with a coordinated grand
opening media launch including marketing materials. A 24/7 phone support line ensures that
Fast-Fix is always available to assist franchisees. Territory
Fast-Fix
Jewelry and Watch Repairs grants exclusivity of the enclosed mall to franchisees.
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