What criteria does Fast Fix Jewelry And Watch Repairs use to evaluate suppliers?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
Our criteria for evaluating suppliers include standards for: (a) quality, performance, design, appearance and price of the product or service; and (b) dependability, production capabilities, reputation and financial strength of the supplier. Upon request, we will provide you with any objective specifications pertaining to our evaluation of a supplier or product, although certain important subjective criteria (e.g., product appearance, design, functionality, etc.) are important to our evaluation but cannot be described in writing.
If you wish to purchase or lease a source-restricted item from a non-approved supplier you (or the supplier) must send us: (a) a written request for approval; (b) product samples for testing purposes; and (c) all additional information we request, including a Dun and Bradstreet, or comparable, financial and business report on the proposed supplier. The supplier must agree to comply with our minimum insurance, indemnification and confidentiality requirements for system suppliers and allow us to periodically inspect their facility. We will notify you of our decision within 30 days after we receive all required information and product samples. You must reimburse all costs we incur to evaluate products and suppliers you propose. We may periodically reinspect approved products and suppliers and revoke our approval if a product or supplier fails to meet our then-current criteria. Before doing so, we may notify the supplier of the deficiency and give them an opportunity to cure.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 16–18)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the company has specific criteria for evaluating potential suppliers. These criteria include standards for the quality, performance, design, appearance, and price of the products or services offered. Additionally, Fast Fix Jewelry And Watch Repairs assesses the dependability, production capabilities, reputation, and financial strength of the supplier.
For a prospective franchisee, this means that the suppliers used by Fast Fix Jewelry And Watch Repairs are vetted for several factors beyond just price. This can help ensure a consistent level of quality and reliability in the products and services used in the business. While objective specifications are available upon request, Fast Fix Jewelry And Watch Repairs also considers subjective criteria like product appearance, design, and functionality, which are important but not easily described in writing.
If a franchisee wishes to use a non-approved supplier for source-restricted items, they (or the supplier) must submit a written request for approval, product samples for testing, and any additional information requested by Fast Fix Jewelry And Watch Repairs, including a Dun and Bradstreet report or comparable financial and business report on the proposed supplier. The supplier must also agree to comply with minimum insurance, indemnification, and confidentiality requirements and allow periodic inspections of their facility. The franchisee is responsible for reimbursing all costs incurred by Fast Fix Jewelry And Watch Repairs to evaluate the proposed products and suppliers. Fast Fix Jewelry And Watch Repairs will notify the franchisee of their decision within 30 days after receiving all required information and product samples.
Fast Fix Jewelry And Watch Repairs may periodically reinspect approved products and suppliers and can revoke approval if the products or suppliers fail to meet the company's current criteria. However, the supplier may be notified of the deficiency and given an opportunity to correct it before approval is revoked. This process ensures ongoing compliance with Fast Fix Jewelry And Watch Repairs's standards and helps maintain the quality and consistency of the brand.