Home > Franchises > Fast Fix Jewelry & Watch Repairs

Fast-Fix Jewelry & Watch Repairs

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

Fast-Fix Jewelry & Watch Repairs is one of the premium growing up franchise in the jewelry business. The store is focused on quick and quality service and performs most repairs instantly. Their services include watch battery replacement, ring resizing, necklace and bracelet repair, pearl restringing and engraving. It also offers jewelry cleaners, watchbands, mountings, loose stones and engraving giftware. Franchisor is a privately-held company with 15 employees.

Fast-Fix Jewelry & Watch Repairs was established by Mark Goldstein who realized the need for fast, quality jewelry and watch repair. He started the company in 1984 in a Pittsburgh mall. Later, in 1987, Fast-fix Jewelry began franchising. They provide franchisees opportunities such as jewelry and watch repair in the world. They are national wide consumer recognition.

Fast-Fix Jewelry & Watch Repairs’ costs and fees include total investment varying from 123000 to 250000 dollars, with a franchise fee of 35000 dollars, ongoing royalty fee of 5 percent, 10 years of term of agreement which is renewable with a renewal fee of 15000 dollars. The franchise is ranked at the number 320 position according to the Entrepreneur magazine of 2006 and is America's top Global Franchises with 198th rank in 2005.

Fast-Fix Jewelry & Watch Repairs’ core values of collaboration, innovation, and accountability stem from a fundamental belief that ordinary people can achieve extraordinary things when they know they control their destinies.

Back to Franchises