fast fix - apresentação.pdf

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Global Opportunities

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Page 1: Fast Fix - apresentação.pdf

Global Opportunities

Page 2: Fast Fix - apresentação.pdf

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The Company Our History

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FAST-FIX JEWELLERY AND WATCH REPAIRS® the world’s largest franchisor of dedicated jewellery and watch repair services, began in 1984 with one location in Pittsburgh, PA. Locating the store in a regional mall provided instant exposure for the business. Consumers responded because they didn’t have to wait weeks for a repair to be completed. The store was open every day of the week and the jewellers performed the work right in front of customers. Today, FAST-FIX operates more than 160 franchised stores in high-traffic regional malls throughout the United States, Canada and the U.K and Ireland.

Page 3: Fast Fix - apresentação.pdf

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The Concept

At FAST-FIX JEWELLERY AND WATCH REPAIRS® you can become part of a unique opportunity. An opportunity that provides an important service to customers while allowing you to fulfill your career goals. You don’t have to be a jeweller or have any jewellery experience to succeed. Our successful FAST-FIX Owners come from a variety of backgrounds. Our stores operate only in major regional malls where high visibility and high traffic combine to create a proven sales-generating atmosphere. Consistent with today’s “I want it now” society, FAST-FIX performs jewellery repairs on most items immediately. All work performed by professional jewellers and watch technicians that work for you. Traditional jewellery stores primarily engage in retail sales. This emphasis means a customer may wait a week or more for repairs. FAST-FIX eliminates the wait — customers may watch your staff performing the repairs, or enjoy shopping and returning later. Your clients will appreciate the peace of mind this provides, especially when they bring you valuable or sentimental pieces. They can see first hand the quality and care that goes into every repair. The convenience of offering same day turnaround and locations in shopping malls provides FAST-FIX stores with word-of-mouth referrals, repeat customers and work from other jewellers.

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Our Business

Jewellery and watch repair are a year round, multi-billion dollar business with gross margins of 70-85%. There is an on-going demand for ring sizing, watch battery replacement, repair of damaged chains, engraving, eyeglass frame repairs and so much more. FAST-FIX is the only worldwide chain of stores dedicated to serving the growing demand for these services.

REPAIR SERVICES •Ring Sizing •Mountings • Stone Replacement •Retipping Prongs •Clasps Replaced •Chain Repair •Bracelet Repair •Custom Designs •Watch Repair •Watch Bands •Watch Batteries •Eyeglass Repair • Pearl Restringing •Earring Accessories •Custom Engraving •Engravable Gifts

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"I purchased an existing FAST-FIX franchise because I felt this was an excellent business with amazing profit margins that would provide a comfortable income. I was at a point in my life that I had to make some life changing decisions and I knew that FAST-FIX would be a step in the right direction. Prior to owning my store, I was an educator for over 15 years. I worked as an administrator in a private Montessori school for several years. There are many reasons why owning a FAST-FIX store is rewarding. However, the most rewarding is developing relationships with employees and customers. I have dedicated much time, energy, patience and hard work to my store. Our success is because of those things along with having an incredible staff of loyal and extremely capable people." Susie Baum - Phoenix, AZ - USA

“Before buying a FAST-FIX franchise, I worked in a repair shop in a major department store and after working in that store for 3 years, I realized the money making potential in this business; the profit margin in this business was unheard of! I have been with the FAST-FIX Family for over 18 years, and it has given me the opportunity to build a successful business for my family. They put you in busy regional malls with continuous traffic. I truly enjoy being a part of the FAST-FIX Family and can assure all future owners, if they put their heart and soul into this business and work every minute towards making money, they will give themselves and their families a very secure future.” Benny Mirpuri - Washington, DC.

“I was a General Manager in the food service industry for over 25 years, and was tired of the constraints of working for someone else. FAST-FIX has helped me achieve my goals. Their franchising system offers support, while allowing the individual Owners to control their stores. If you like people, desire success and want to enjoy a lucrative business, this will work for you ... even if you are like me and have no jewellery experience.” Fred Gosielewski - Phoenix, AZ - USA

“I’ve been in the marketing and merchandising end of the jewellery Industry for over 20 years, working for retail chain stores and major Manufacturers. I found that there was a consumer needs to be filled by fast, quality jewellery and watch repairs. I also wanted to start my own business. That’s why I became the first Franchise Owner in the chain back in 1987. Having locations in major regional malls puts us in front of customers who are in the buying mode. It’s profitable, it’s challenging and it’s enjoyable too.” Peter LeCody - Dallas, TX - USA

Our Owners

Page 6: Fast Fix - apresentação.pdf

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Support Services

Being a FAST-FIX JEWELLERY AND WATCH REPAIRS® Franchise Owner means your part of a family. Our continued success depends on your success. You will benefit from our expertise and guidance in management, marketing, training and volume buying. Through our annual convention, regional meetings and on-site visits, you’ll be able to meet and interact with other FAST-FIX Franchise Owners who provide an added dimension of experience and peer support. Our architects have years of experience working with mall developers. Our stores are designed to maximize sales potential by presenting a high-quality image combined with room for merchandising and attractive signage. Your store comes with the finest equipment, tools and engraving machines. Tested and true, all items meet our stringent qualifications, are built to last and will meet the demands of your business day. Your inventory is stocked so you can open your doors and generate sales from the very first day! We provide full training of up to 10 days at FAST-FIX University, our National Training Center in Delray Beach, Florida. And, when your store opens, we’re there to reinforce your training and help you get off to a fast start. Ongoing support includes a national convention, regional meetings, on-site store visits, a monthly newsletter, corporate intranet and telephone support. Ongoing training programs are available in management and sales for new employees and multi-store Owners.

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Complete the enclosed “Request for Consideration” form to begin the process towards becoming a FAST-FIX Owner. If after reviewing your form it is determined that we have common business goals, you will be invited to our Discovery Day Program held at our corporate headquarters in Delray Beach, Florida. At Discovery Day you will tour the corporate offices and meet with key corporate personnel. You will also tour a local FAST-FIX location. Our Franchise Disclosure Document (FDD) and Business Plan Template will be presented. We will then review your specific potential for the market under consideration. Location criteria and a pre-opening check list will be reviewed and discussed as well. Outside of the United States, we award either a Master Franchise, which would allow you to sell franchises in your protected territory or for smaller markets an Area Developer model which would allow you to own and operate a determined number of locations. Master Franchisors are partners with us and become the franchisor in their country. They are required to pay us a license fee, which varies on the size of the territory and the number of stores expected to open in a territory. All Master Franchisors are required to open at least one pilot in-line store. Area Developers would own all of the stores in an area, with a minimum number of stores. The license fee would be negotiated based on the size of the territory and the number of stores, but will not be less than $75,000 USD. Royalties will be paid on a monthly basis. Capital requirements for construction, inventory, equipment and other necessary items brings the total investment, excluding working capital, to $225,000 - $300,000 USD. The numbers reflect estimated costs in the US Market in USD.

Next Steps

Page 8: Fast Fix - apresentação.pdf

William Le Sante – International Development [email protected]

(305) 491-4069

www.fastfixfranchise.com

Shane Cooney

Master Franchise

Ireland & The United Kingdom

“My time with the Fast Fix Franchise has proven to be a truly rewarding experience. Although our primary focus will always be the bottom line, how that is achieved and with whom, is also vitally important. From the outset, there has been nothing but support from both the management team and the franchise owners. The term "business family" is too often abused within the franchising world but with Fast Fix, it is a reality. If you are seriously contemplating investing in a franchise you will initially look at the numbers and at Fast Fix the numbers speak for themselves. What you will not immediately see is the successful underlying infrastructure that has been built over many years through openness, trust, support and the will to succeed. A strong business model coupled with great people. I am proud to be connected with the Fast Fix organization.”