FranchiseVerdict
FAST-FIX JEWELRY AND WATCH REPAIRS® logo
FV-00916·MODERATEExcellent91

Fast-Fix Jewelry And Watch Repairs®

Formerly known as Jewelry Repair Center

Home Services - OtherFranchising since 1986Website
Investment
$115K – $363K
49th pct Other
Avg revenue
$554K
22nd pct Other
Royalty
6.0%
19th pct Other
Units
116
74th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $115K – $363K including a $20K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $554K/year (median $501K).
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 3 loans (below the industry average).
  • System contracting at -8.9% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Jewelry Repair Enterprises, Inc.
Parent company
JRE Holdings, Inc.
Incorporated in
Pennsylvania
HQ
6413 Congress Avenue, Suite 240, Boca Raton, Florida 33487
Auditor
Elliott Davis, LLC
Audited financials
Franchisor revenue
$7.0M
vs $6.1M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one FAST-FIX JEWELRY AND WATCH REPAIRS® unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $553,663
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $115K–$363K
Working capital
$
FDD reports $15K–$36K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$61K
EBITDA margin
11.0%
Total invested
$264K
Payback
52 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 FAST-FIX JEWELRY AND WATCH REPAIRS® units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$443K

on $2.2M purchase

Total debt

$1.8M

SBA $1.1M + senior + seller note

Overview

About

Fast-Fix Jewelry and Watch Repairs franchisees operate retail service centers offering jewelry repair, watch servicing, sizing, polishing, and restoration. Day-to-day operations include customer intake, diagnostics, bench work or outsourcing to repair technicians, quality control, inventory management of parts and supplies, and point-of-sale transactions. Success depends on technical expertise, customer service, local marketing, and managing labor costs in a service-based model.

CEO
Patrick A. Kuiper
Founded
1984
FDD year
2025
States available
21

Item 7 · what it costs

The Vitals

Total investment
$115K – $363K
All-in to open one unit
Liquid capital
$15K – $36K
Cash you must have on hand
Franchise fee
$20K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$554K
Per unit, per year
Median gross sales
$501K
Item 19 type
Gross Sales
Sample size
110 units
vs category median 21 · large
Range (low → high)
$123K$1.6M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank22th
vs Home Services - Other peers
Investment cost rank49th
Lower investment ranks lower (better)
Royalty rate rank19th
Lower royalty = lower percentile (better)
Unit count rank74th
vs Home Services - Other peers
Risk score rank67th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
116
Opened
1
Last reporting year
Closed
6
Turnover rate
5.2%
Company-owned
4
Corporate units in the system
% franchised
97%
vs corporate-owned
Net growth (yr3)
-4.3%
Net unit change last year
3-yr CAGR
-8.9%
Compounded over last 3 years
2023
112-6
Franchised units
2024
117
Franchised units
2025
123
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 18 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 18 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
3
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Declining franchise system with litigation history, regulatory penalties, shrinking unit count, and unprotected territories presents meaningful operational and financial risks despite moderate initial investment.

Score breakdown · what drove the 63 / 100 rating

  1. 01MINORDeclining unit count (-4.3% YoY with 116 units suggests system contraction and potential franchisee attrition)
  2. 02HIGHThree litigation cases including $175,000 settlement for transfer/termination disputes indicating franchisee relationship problems
  3. 03MINORCalifornia regulatory citation for record-keeping failures ($32,000 penalty) raises compliance and transparency concerns
  4. 04MINORNo Item 19 (average net income) disclosure prevents validation of $553,663 average revenue claim and ROI assessment
  5. 05MINORUnprotected territory creates direct competition risk between franchisees in same market
  6. 06MINORHigh initial investment range ($114,700–$362,500) paired with declining unit growth signals poor unit economics or market saturation
  7. 07MED6% royalty on gross sales (not net) further pressures already undisclosed profitability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Location-based
Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Florida

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
30 hrs
POS system
LightSpeed
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

99 numbers

Locked
(901) 385-••••
TN
(760) 729-••••
CA
(404) 869-••••
GA

One-time purchase · CSV download · Validation questions included

FDD download

FAST-FIX JEWELRY AND WATCH REPAIRS® · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above