How many Fast Fix Jewelry And Watch Repairs outlets were closed in 2023?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Star t of Year | Outlets Opened | O | utlets Reacquire d from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets At End of | ||
|---|---|---|---|---|---|---|---|---|---|---|
| the Year | ||||||||||
| Totals | 2022 | 9 | 0 | 0 | 1 | 1 | 7 | |||
| 2023 | 7 | 0 | 2 | 1 | 3 | 5 | ||||
| 2024 | 5 | 0 | 0 | 0 | 1 | 4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, one outlet was closed in 2023. This information is part of a table that also details the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets sold to franchisees, and the number of outlets at the end of the year.
Specifically, the table shows that Fast Fix Jewelry And Watch Repairs started 2023 with 7 outlets. During the year, no new outlets were opened, two outlets were reacquired from franchisees, one outlet was closed, and three outlets were sold to franchisees. This activity resulted in a total of 5 outlets at the end of 2023.
For a prospective franchisee, this data provides insight into the stability and changes within the Fast Fix Jewelry And Watch Repairs franchise system. Monitoring the number of closures, openings, and transfers can help assess the overall health and growth trajectory of the franchise. It's important to consider these figures in conjunction with other factors, such as financial performance and franchisee satisfaction, to gain a comprehensive understanding of the franchise opportunity.