What is the current FAP Fee for a Fast Fix Jewelry And Watch Repairs Kiosk?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
FAP Fees or other mall-specific advertising obligations imposed pursuant to the Lease, and such amounts shall be in addition to the costs of Local Advertising.
- (b) Franchise Advertising Program. In addition to the Local Advertising obligations under Section 4.3(a), Franchisee shall participate in Franchisor's franchise advertising program (the "FAP") by paying to Franchisor a continuing monthly fee (the "FAP Fee"). No later than the 10th day of each month during the Term, Franchisee shall pay Franchisor the FAP Fee for the prior month. The FAP Fee shall be equal to the latest amount specified by Franchisor and may increase from time to time as a result of an increase in Franchisor's advertising costs. The FAP Fee currently is $150 per month for a Kiosk or $175 per month for an Inline Store. We may increase the FAP Fee on an annual basis, but the total increase will not exceed 15% per year. The FAP is a program created by Franchisor for the benefit of all franchisees and compa
Source: Item 22 — CONTRACTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, franchisees are required to participate in the Franchisor's franchise advertising program (FAP). This participation involves paying a continuing monthly fee, known as the FAP Fee, to Fast Fix Jewelry And Watch Repairs. The FAP fee is paid no later than the 10th day of each month for the prior month.
The current FAP Fee is $150 per month for a kiosk location. This fee contributes to a program managed exclusively by Fast Fix Jewelry And Watch Repairs for the benefit of all franchisees and company-owned units. The FAP provides franchisees with marketing and promotional materials, which are distributed at cost via electronic means or other methods.
It's important to note that Fast Fix Jewelry And Watch Repairs retains the right to increase the FAP Fee on an annual basis. However, the total increase is capped at a maximum of 15% per year. This ensures that while the fee may adjust to reflect increased advertising costs, franchisees are protected from drastic or unpredictable changes. Franchisees should factor in potential FAP fee increases when projecting their operating expenses.