Fast-Fix Jewelry and Watch Repairs franchise
2025 filing · June 26, 2025Fewer locationsShares sales figures
Fast-Fix Jewelry and Watch Repairs at a glance
A mall-based repair shop fixing jewelry and watches, with batteries, engraving and sales. At the end of 2024 there were 116 Fast-Fix Jewelry and Watch Repairs locations in the US, 112 franchised and 4 company-owned.
The business
- Industry
- Retail
- Franchisor
- Jewelry Repair Enterprises, Inc
- The company that sells the franchises
- Franchising since
- 1986
- 39 years of selling franchises
- First location
- 1984
- Franchisor based in
- Boca Raton, Florida
What you pay
- Cost to open
- $115K–$228K
- Kiosk
- Franchise fee
- $20,000
- Paid once, when you sign
- Royalty
- 6%
- 6% of monthly gross sales, with a minimum royalty of $14,400 a year from the 13th month
- Brand fund
- 2%
- 2% of gross sales, paid with the royalty
- Renewal fee
- See terms
- 50% of then-current initial franchise fee
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2024
- 116
- Franchised and company-owned
- Franchised
- 112
- Company-owned
- 4
- Change in 3 years
- −14
- Franchised locations, 2022–2024
- States
- 21
- Most in California, Florida and Texas
From Jewelry Repair Enterprises, Inc’s 2025 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Fast-Fix Jewelry and Watch Repairs among all franchises with the same figure.
| Figure | Fast-Fix Jewelry and Watch Repairs | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $171,100 | Costs less than 74% of franchises |
| Franchise feePaid once, when you sign | $20,000 | Lower than 89% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 116 | More than 79% of franchises |
| Sales per locationYearly, as the brand reports it | $535,947 | Lower than 68% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 3.1× | Higher than 81% of brands that share sales figures |
How much a Fast-Fix Jewelry and Watch Repairs franchise costs
Opening kiosk costs an estimated $114,700 to $227,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are fixtures, inventory & equipment ($45,000 to $60,000) and construction & development ($15,000 to $55,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $20,000 | ||
| Initial Training Expenses | $2,000 | $4,000 | |
| Lease Deposit | $0 | $25,000 | |
| Rent 4 (3 months) | $5,000 | $18,000 | |
| Construction & Development | $15,000 | $55,000 | |
| POS System | $2,000 | $5,000 | |
| Fixtures, Inventory & Equipment | $45,000 | $60,000 | |
| Preopening Advertising | $4,000 | $6,000 | |
| Utility Deposits | $300 | $400 | |
| Professional Fees/Licenses/Permits | $4,000 | $6,000 | |
| Insurance Premium (3 months) | $2,000 | $2,500 | |
| Additional Funds 8 (3 months) | $15,400 | $25,600 | |
| Total | $114,700 | $227,500 | |
Source: Jewelry Repair Enterprises, Inc, 2025 filing, page 15
Fast-Fix Jewelry and Watch Repairs franchise fee
The franchise fee is $20,000. You pay it when you sign the franchise agreement.
Source: Jewelry Repair Enterprises, Inc, 2025 filing, page 11
Royalty and ongoing fees
| Royalty | 6% of monthly gross sales, with a minimum royalty of $14,400 a year from the 13th month. |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid with the royalty. |
| Transfer Fee | $5,000 |
| Renewal Fee | 50% of then-current initial franchise fee |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Jewelry Repair Enterprises, Inc, 2025 filing, page 11
Other fees as filed, from page 12. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Fast-Fix Jewelry and Watch Repairs publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $535,947
Yearly figures for 2024, covering franchised inline stores (101) and kiosks (9) open all of 2024 (excludes store-in-stores) (110 locations). The filing gives an average for each format rather than one overall figure; this is the overall average worked out from those and each one's number of locations. The average is about 3.1 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Jewelry Repair Enterprises, Inc, 2025 filing, pages 31–32
SBA loans to Fast-Fix Jewelry and Watch Repairs franchisees
Lenders approved 24 SBA 7(a) loans for Fast-Fix Jewelry and Watch Repairs franchisees from 1998 to 2025, $4.05M in all. Of the 23 that have ended, 21 were paid in full and 2 were charged off (8.7%). The other one hasn’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2024 / 2022–2024. Typical means the median: half of brands are above it, half below.
| Measure | Fast-Fix Jewelry and Watch Repairs | Typical retail brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −4.3% / −11% | −0.4% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 5.1% / 13% | 5.4% / 18% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 1.6% | 0% / 0% | 0% / 0% |
Typical retail brand is the median of the 114 brands in retail franchises with three years of counts.
How Fast-Fix Jewelry and Watch Repairs compares
Of the 302 retail franchises on this site, Fast-Fix Jewelry and Watch Repairs is the 68th cheapest to open and the 82nd largest by number of locations.
| Figure | Fast-Fix Jewelry and Watch Repairs | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $115K | $198K | $222K |
| Cost to open, high end | $228K | $425K | $477K |
| Franchise fee | $20K | $35K | $40K |
| Royalty | 6% | 5.7% | 6% |
| Brand fund | 2% | 2% | 2% |
| Sales per location | $536K | $724K | $794K |
| US locations | 116 | 38 | 21 |
| Shares earnings figures | Yes | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2022 | 123 (−3) | 7 | +1 | −4 |
| 2023 | 117 (−6) | 5 | +3 | −9 |
| 2024 | 112 (−5) | 4 | +1 | −6 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Jewelry Repair Enterprises, Inc, 2025 filing, page 33
Where Fast-Fix Jewelry and Watch Repairs locations are
At the end of 2024, Fast-Fix Jewelry and Watch Repairs had locations in 21 states. The most are in California, Florida and Texas.
- California40
- Florida21
- Texas12
- Arizona6
- Georgia5
- New York4
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 39 | 1 | 40 |
| Florida | 20 | 1 | 21 |
| Texas | 11 | 1 | 12 |
| Arizona | 6 | 0 | 6 |
| Georgia | 5 | 0 | 5 |
| New York | 3 | 1 | 4 |
| Tennessee | 4 | 0 | 4 |
| Kentucky | 3 | 0 | 3 |
| Pennsylvania | 3 | 0 | 3 |
| Virginia | 3 | 0 | 3 |
All 21 states
| Colorado | 2 |
|---|---|
| Illinois | 2 |
| Maryland | 2 |
| South Carolina | 2 |
| Alaska | 1 |
| Delaware | 1 |
| Missouri | 1 |
| New Mexico | 1 |
| North Carolina | 1 |
| Utah | 1 |
| Washington | 1 |
Source: Jewelry Repair Enterprises, Inc, 2025 filing, page 34
Who owns Fast-Fix Jewelry and Watch Repairs?
Fast-Fix Jewelry and Watch Repairs franchises are sold by Jewelry Repair Enterprises, Inc.
From Jewelry Repair Enterprises, Inc’s 2025 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 10. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Jewelry Repair Enterprises, Inc, 2025 filing, litigation on page 10, bankruptcy on page 10
Fast-Fix Jewelry and Watch Repairs filings
The figures on this page come from Jewelry Repair Enterprises, Inc’s 2025 filing, issued June 26, 2025, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | June 26, 2025 | Minnesota | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
