Start a Fast-Fix Jewelry & Watch Repairs Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $83K - $358K

Units as of 2023: 127 17% over 3 years

In December 1984, Fast-Fix Jewelry & Watch Repairs opened its first kiosk in a Pittsburgh, Pennsylvania, mall. After successfully opening four more corporate-owned locations, the company awarded its first franchise in 1987. Since then, the watch and jewelry repair service has grown to over 140 locations across 26 states, with a few locations in Ireland.

Fast-Fix Jewelry & Watch Repairs specializes in a variety of services outside of jewelry and watch repair. Artisans can fix eyeglass frames, complete engravings, and resize rings. In some locations, they can also tackle smartphone repairs and create custom jewelry designs.

The company seeks franchisees with experience in business, sales, or marketing. An ideal franchisee would have experience in the jewelry and watch industry, but it is not necessary. If you do not have the necessary skills, Fast-Fix Jewelry & Watch Repairs may train you to meet their company standards.

Why May You Want to Start a Fast-Fix Jewelry & Watch Repairs Franchise?

Fast-Fix Jewelry & Watch Repairs supports franchisees with a dedicated executive team and modern technology. Franchisees may receive mentoring, marketing, and exclusive hands-on training to teach them how to operate the business. Franchisees may also receive help selecting a location and pre-opening training on their new POS system.

To add clout to your franchise, Fast-Fix Jewelry & Watch Repairs holds membership in five different organizations: Jewelers of America, Canadian Franchise Association, International Franchise Association, Jewelers Board of Trade, and International Council of Shopping Centers.

What Might Make Fast-Fix Jewelry & Watch Repairs A Good Choice?

Fast-Fix Jewelry & Watch Repairs franchises are located exclusively in regional malls and shopping centers. The high visibility and foot traffic of such locations make them ideal for gaining sales. The business of jewelry and watch repairs itself has a fairly high amount of customer demand and is a year-round business.

The brand offers different types of franchising options, including a kiosk, an online store, and a brick-and-mortar store. Each location type may have different levels of investment. To be part of the Fast-Fix Jewelry & Watch Repair team, you should make sure you're financially ready for an initial investment and potential set-up fees.

How To Start a Fast Fix Jewelry & Watch Repairs Franchise

As you decide whether you wish to purchase a Fast-Fix Jewelry & Watch Repairs franchise, make sure you take time to explore the opportunity. Talk to advisors, the franchisor, and existing and former franchisees to find out what running this franchise is really like. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow your store to reach its highest potential.

Suppose you are chosen to progress through the franchise process with Fast-Fix Jewelry & Watch Repairs. In that case, you may travel to its headquarters in Boca Raton, Florida, to meet executive team members at the Fast-Fix Jewelry & Watch Repairs Franchise Support Center.

Fast-Fix Jewelry & Watch Repairs may provide additional support for picking a location, building a store, and opening your storefront. The company is committed to helping its franchisees succeed.

Company Overview

About Fast-Fix Jewelry & Watch Repairs

Industry	Services (Other)
Related Categories	Miscellaneous Services, Miscellaneous Maintenance Businesses
Founded	1984
Parent Company	Jewelry Repair Enterprises Inc.
Leadership	Patrick Kuiper, Director
Corporate Address	6413 Congress Ave., #240 Boca Raton, FL 33487
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	1987 (37 years)
# of employees at HQ	7
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	127 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Fast-Fix Jewelry & Watch Repairs franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$20,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$83,111 - $357,931
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Fast-Fix Jewelry & Watch Repairs has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	30 hours
Classroom Training	24 hours
Ongoing Support	Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Regional Advertising Social Media SEO Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	3-4
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes