Fast-Fix Jewelry & Watch Repairs

Founded: 1984 Franchising since: 1987
Growing up in the jewelry business, Mark Goldstein realized the need for fast, quality jewelry and watch repair. He started Fast-Fix Jewelry Repairs in 1984 in a Pittsburgh mall. The store focused on quick service and performed most repairs immediately, so customers did not have to wait days for repairs to be completed. The store was open every day of the week, and the jewelers did the work right in front of the public. In 1987, Fast-fix began franchising.

Fast-fix concentrates exclusively on jewelry and watch repair. Services include ring resizing, watch battery replacement, necklace and bracelet repair, engraving and pearl restringing. Stores also sell jewelry cleaners, watchbands, mountings, loose stones and engraving giftware.

1300 N.W. 17th Ave., #170 Delray Beach, Florida 33445

Phone: (800)359-0407/ (561)330-6060

Franchisor is a privately-held company with 16 employee(s)

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	152	3	3	2
2008	150	1	2	0
2007	158	2	1	0
2006	148	2	0	0
2005	137	2	0	2

Where Seeking Franchisees
In the U.S. 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, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Canada, Central america, Mexico, South america

Exclusive territories available.
Territory size: 5 miles

Total investment: $166.3K-357.3K Franchise fee: $40K

Ongoing royalty fee: 5% Term of agreement: 10 years, renewable

Express/kiosk option available

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	No

Third-party financing source(s): SBA, commercial banks

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K-75K
Business Experience:

• General business experience
• Financial stability

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)

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

Marketing Support

• Ad slicks

Other marketing support

• Opening marketing support, ongoing marketing programs, in-store graphics & promotional pieces available

Franchise 500® rank:
#321 (2009); #253 (2008); #290 (2007); #320 (2006); #298 (2005);

America's Top Global Franchises:
#198 (2005);