FAST-FIX JEWELRY AND WATCH REPAIRS

FAST-FIX JEWELRY AND WATCH REPAIRS

Jewelry Repair Enterprises, Inc. franchises FAST-FIX JEWELRY AND WATCH REPAIRS, retail stores offering quick 'while you shop' jewelry and watch repair services such as ring sizing, chain repair, engraving, battery replacement, and custom design, along with sales of jewelry, watches, gifts, and related products. These Service Centers operate as kiosks or inline stores in high-traffic venues like regional shopping malls, targeting convenience-oriented shoppers seeking on-site repairs and retail items. The business model focuses on franchising this specialized system developed since 1984, with no company-owned locations.

112
Locations
$115K–$363K
Investment
Since 1986
Franchising
RetailBoca Raton, FLJRE Holdings, Inc. (direct parent) and DK-JRE, LLC (indirect parent)www.fastfix.comDisclaimer

Franchise Costs


Franchise Fee
$20,000
Item 5 of FDD
Initial Investment Range
$114,700 $362,500
Low: $114,700High: $362,500
Item 7 of FDD
Royalty Rate
6.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$287 – $352
Item 6 of FDD

6% royalty + 2% brand fund + $150-$175/mo FAP + $137-$177/mo technology fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0

Data Based On: 110 Qualifying Outlets (Franchised Outlets, excluding Store-In-Stores) open for the full 2024 Measuring Year, composed of 101 Inline Stores and 9 Kiosks.

* Calculated weighted average gross revenue: (101 Inline Stores × $553,663 + 9 Kiosks × $337,139) / 110 total units = $535,947.40. Calculated weighted median gross revenue: (101 Inline Stores × $500,712 + 9 Kiosks × $281,469) / 110 total units = $482,773.94. Profit/expense data is explicitly stated as not included in this Financial Performance Representation.

Extracted Item 19 Section

How FAST-FIX JEWELRY AND WATCH REPAIRS Compares


Key Insights

  • Higher than average SBA loan default rate in Specialty Retail
FranchiseInvestmentFeeRoyaltyLocations
FAST-FIX JEWELRY AND WATCH REPAIRS
Current
$115K – $363K$20K6.0%112
MERLE NORMAN COSMETICS$48K – $260KN/AN/A797
CORNWELL$80K – $324KN/AN/A793
BATTERIES PLUS$263K – $497K$45K5.0%604
PET SUPPLIES PLUS$537K – $2.0M$50K3.0%502
WILD BIRDS UNLIMITED$227K – $379K$40K4.0%340
Specialty Retail Average
46 franchises
$285K – $708K$38K5.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 46 Specialty Retail franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1CA
39
2FL
20
3TX
11
4AZ
6
5GA
5
6TN
4
7VA
3
8KY
3
9NY
3
10PA
3
11MD
2
12IL
2
13CO
2
14SC
2
15WA
1

+9 more states

SBA Loan History


Historical SBA 7(a) loan data for FAST-FIX JEWELRY AND WATCH REPAIRS franchisees (20152025)

Total Loans
2
Average Loan
$810,500
Total Volume
$1.6M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


365 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

365 Contacts Available

Unlock all FAST-FIX JEWELRY AND WATCH REPAIRS franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases2

Primarily franchise transfer refusals, terminations, and disputes over franchise agreement forms.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
1
Non-Renewals
0
Reacquired
0
Ceased Ops
5
Transfers
0
Sold to Franchisees
1
Projected New
1

Frequently Asked Questions


The total initial investment to open a FAST-FIX JEWELRY AND WATCH REPAIRS franchise ranges from $114,700 to $362,500. This includes a franchise fee of $20,000. Ongoing royalty fees are 6.0% of gross sales.

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