
#422
At a Glance
Products & Services: Jewelry & watch repairs
Number of Locations: 155
Total Investment: $188.75K - 381.75K
Founded: 1984
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.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 148 | 2 | 4 | 1 |
| 2011 | 147 | 2 | 3 | 1 |
| 2010 | 150 | 2 | 4 | 2 |
| 2009 | 152 | 3 | 3 | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America, Western Europe.
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $188,750 - $381,750
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000 - $75,000
Operations
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).| Financing Type | In-House | Third Party |
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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
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