Fast-Fix Jewelry and Watch Repairs offers professional jewelry and watch repair services, specializing in quick and efficient repairs, providing a convenient option for jewelry and watch enthusiasts.
KEY FRANCHISE STATS
Franchisees
?
123
+
-9%
-9%
Franchise fee
?
$20,000
Investment
?
$83,000 - $358,000
Revenue (AUV)
?
Undisclosed
$471,000
+
67.8%
67.8%
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Fast-Fix Jewelry and Watch Repairs is a prominent franchise specializing in quick, convenient repair services for jewelry and watches. The company was founded in December 1984, opening its first location in a suburban mall in Pittsburgh, Pennsylvania. Recognizing the potential of their unique business model, Fast-Fix began franchising in 1987.
Headquartered in Boca Raton, Florida, Fast-Fix has established itself as a leader in the jewelry and watch repair industry by offering a wide range of services that include jewelry repair, custom jewelry design, engraving, watch repair and maintenance, and even smartphone and eyeglass frame repair at select locations.
The brand differentiates itself by focusing on high-demand, recession-resistant services that are largely immune to the effects of e-commerce, ensuring a steady flow of customers year-round.
Initial investment
The initial investment required for a Fast-Fix Jewelry and Watch Repairs franchise is
$83,000 - $358,000.
That is the total cost you would need to finance if you were to start this franchise.
These costs are provided by the franchisor in the Franchise Disclosure Document.
Fast-Fix Jewelry and Watch Repairs offers 3 types of franchises:
Type of Expenditure
Amount
FAST-FIX Kiosk
$115,111 to $222,931 initial investment
FAST-FIX In-Line Store
$178,111 to $357,931 initial investment
FAST-FIX Store-in-Store Location
$83,111 to $147,931 initial investment
We are summarizing below the main costs associated with opening a FAST-FIX In-Line Store franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
FAST-FIX In-Line Store
Type of Expenditure
Amount
Initial Franchise Fee
$20,000
In-Line Store
$60,000 - $125,000
Inventory, Equipment and Trade Fixtures
$40,000 - $100,000
POS System Purchase
$2,000
POS System Support Fees
$411 - $531
Initial Promotional and Advertising Expenses (including website program)
$6,000
Lease Negotiation Fee
$0 - $2,700
Initial Rent
$9,000 - $22,000
Security Deposit
$0 - $25,000
Utility Deposits
$350
Professional Fees, Licensing and Permitting
$12,000 - $16,000
Insurance
$350
Travel, Hotel and Incidental Expenses for Initial Training
$3,000
Additional Funds (3 Months)
$25,000 - $35,000
Total
$178,111 - $357,931
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Fast-Fix Jewelry and Watch Repairs offers 3 types of franchises:
Type of Expenditure
Amount
FAST-FIX Kiosk
$115,111 to $222,931 initial investment
FAST-FIX In-Line Store
$178,111 to $357,931 initial investment
FAST-FIX Store-in-Store Location
$83,111 to $147,931 initial investment
We are summarizing below the main costs associated with opening a FAST-FIX In-Line Store franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
FAST-FIX In-Line Store
Type of Expenditure
Amount
Initial Franchise Fee
$20,000
In-Line Store
$60,000 - $125,000
Inventory, Equipment and Trade Fixtures
$40,000 - $100,000
POS System Purchase
$2,000
POS System Support Fees
$411 - $531
Initial Promotional and Advertising Expenses (including website program)
$6,000
Lease Negotiation Fee
$0 - $2,700
Initial Rent
$9,000 - $22,000
Security Deposit
$0 - $25,000
Utility Deposits
$350
Professional Fees, Licensing and Permitting
$12,000 - $16,000
Insurance
$350
Travel, Hotel and Incidental Expenses for Initial Training
$3,000
Additional Funds (3 Months)
$25,000 - $35,000
Total
$178,111 - $357,931
Franchise Disclosure Document
Below is Fast-Fix Jewelry and Watch Repairs's 2023 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
Fast-Fix Jewelry and Watch Repairs had 129 total units in 2023, of which 123 were franchised-owned and 6 company-owned.
Fast-Fix Jewelry and Watch Repairs provides comprehensive training to its franchisees to ensure they are well-prepared to operate their stores successfully. The training program includes both pre-opening and ongoing support.
Pre-Opening Training: This initial phase includes hands-on training at an existing Fast-Fix location, where franchisees learn essential operational skills such as point-of-sale (POS) system management, sales techniques, and community visibility-building strategies. This training also covers site selection, lease negotiation, and store build-out specifications. Franchisees receive guidance on hiring skilled craftsmen, especially if they do not have prior experience in the jewelry or watch industry.
Ongoing Support: Once the franchise is operational, Fast-Fix continues to provide robust support. This includes access to a dedicated franchise business coach, regular on-site store visits, and a customized micro-website for each franchise. Additionally, franchisees benefit from 24/7 POS support, regional market meetings, biennial conventions, and a comprehensive intranet system that offers acces to training materials, bulletins, and best practices.
Territory Protection
Fast-Fix Jewelry and Watch Repairs does offer territory protection to its franchisees, ensuring that each franchise location is given an exclusive area to operate without the risk of another Fast-Fix franchise opening nearby.
This protection helps to safeguard the franchisee's investment by reducing direct competition within the brand, allowing each location to maximize its customer base and profitability. The specific details and extent of this territory protection are typically outlined in the franchise agreement, tailored to the market conditions and population density of the area.
In addition to territory protection, Fast-Fix strategically selects locations in high-traffic areas, such as major regional malls, which further enhances the franchisee's ability to attract customers and generate revenue.
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