High Margins and Turnkey Approach Fuel Success and Popularity of FAST-FIX Franchises for over 27 Years

As consumers nationwide are cutting back on frivolous spending in favor of the basics, retailers are taking a hit at the cash register. But for those like FAST-FIX, the weakened economy is offering a “timely” opportunity for growth. The local expansion announcement is part of a nationwide push calling for 80 new retail outlets in the next five years. With more than 163 locations operating throughout 26 states and three countries, the booming brand is targeting, among others, Michigan, New Jersey, Ohio, Pennsylvania and Ontario, Canada for expansion.

In today’s “I want it now” society, a much needed and valued service has sttod the test of time. FAST-FIX JEWELRY AND WATCH REPAIRS® offers jewelry and watch repairs while customers shop, or watch professional jewelers restore their cherished keepsakes. This provides peace of mind when they see first hand the quality that goes into every repair.

Ring sizings, mountings, watch batteries, eyeglass repair and engravable gifts are but a few of the services and products offered. New services such as smartphone repair, laserwelding and more serve to add to the wide variety of services needed by virtually everyone. Customers walk away happy, having their valuable and sentimental pieces restored to perfect condition — and not having to return weeks later to pick them up!

The success and popularity of FAST-FIX as a franchise and business opportunity is attributed to a proven sales-generating atmosphere. Jewelry and watch repair, by nature, is a high-margin business, yielding billions of dollars per year.

FAST-FIX grossed nearly $63 million in 2010, with annual store revenues ranging from $250,000 to $1,000,000, and gross margins ranging from 70 to 80%. By conducting business in regional malls where several jewelry stores operate, FAST-FIX stores and kiosks receive maximum exposure to customers who buy jewelry and watches that will eventually need repairs. In good economies there is more jewelry and watches bought that need our services; in a down economy people choose to repair what they own rather than buy new. Ninety percent of FAST-FIX repairs are done while customers shop at the mall.

The convenience of offering same day turnaround and locations in major regional malls, provides FAST-FIX stores with word-of-mouth referrals, repeat customers and work from other jewelers. The popularity of FAST-FIX as a franchise opportunity also stems from the firm’s turnkey approach to new franchisees. FAST-FIX provides everything the new owner needs to get started. They secure the site in a regional mall, negotiate the lease, help obtain financing, construct the site, provide initial inventory and equipment, and offer training and support. A new store or kiosk can be operational in as little as 90 days after signing a franchise agreement.

FAST-FIX is also gaining the attention of individuals outside the jewelry business who are looking for lucrative business opportunities. “You don’t need to be a bench jeweler or have a background in the industry to be a successful franchisee,” says FAST-FIX CEO Marvin Biltis. “Our philosophy is to provide our franchisees with the means and training they need to be successful.”

According to Biltis, there has never been a better time to join the FAST-FIX family, as the concept’s strong brand recognition, extremely high margins and notable return on investment for franchisees are key factors that set FAST-FIX apart from its competition.

For Franchise information please contact George Lambro at (800) 359-0407 or email franchise@fastfix.com.