How are the boundaries of advertising cooperatives determined for Fast Fix Jewelry And Watch Repairs?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
We may, but need not, establish regional advertising cooperatives for purposes of pooling advertising funds to be used in discrete regions. We determine the boundaries of the cooperative, which usually coincide with zip codes, designated marketing areas or municipal boundaries. We specify the manner in which the cooperative is organized and governed. We may choose to: (a) administer the cooperative ourselves; or (b) establish an advertising council, comprised by the cooperative's members, to administer the cooperative. We may require that cooperatives operate in accordance with written bylaws, organizational documents or other governing documents we approve. Each Service Center in the cooperative has 1 vote. No advertising cooperatives were in effect on December 31, 2024.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 19–25)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the boundaries of advertising cooperatives are determined by the company, should they choose to establish them. These boundaries typically align with zip codes, designated marketing areas, or municipal boundaries. Fast Fix Jewelry And Watch Repairs specifies how the cooperative is organized and governed, and may either administer the cooperative themselves or establish an advertising council comprised of the cooperative's members. Each service center within the cooperative has one vote. As of December 31, 2024, no advertising cooperatives were in effect.
If a Fast Fix Jewelry And Watch Repairs service center is located in a region subject to an advertising cooperative, the franchisee must participate in the cooperative according to its rules and procedures and abide by its decisions, as well as pay a cooperative advertising fee. Fast Fix Jewelry And Watch Repairs may set the minimum cooperative advertising fee, or the cooperative may set the fee based on a majority vote of its members. The cooperative advertising fee will not exceed the Local Advertising Commitment (LAC) amount unless a higher fee is approved by a majority vote of the cooperative members. All cooperative advertising fees paid are credited against the franchisee's LAC.
Fast Fix Jewelry And Watch Repairs retains the right to form, change, merge, or terminate any advertising cooperative they establish at any time. However, they will not change or dissolve any advertising cooperative established by franchisees. Advertising cooperatives are not required to prepare annual or periodic financial statements, but any financial statements that are prepared will be made available upon request. This gives Fast Fix Jewelry And Watch Repairs significant control over advertising at the regional level, but also allows for franchisee input and control in certain circumstances.