How many Fast Fix Jewelry And Watch Repairs outlets were at the end of 2024?
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, at the end of 2024, there were 4 outlets. This number is derived from a table that tracks outlet counts over several years. The table shows the progression of outlets, accounting for openings, closures, re acquisitions, and sales to franchisees.
For a prospective franchisee, this information provides a snapshot of the brand's recent footprint. The decrease from 5 outlets at the start of 2024 to 4 at the end of the year indicates a net reduction of one outlet during that period. This could be due to closures or sales to franchisees exceeding any new openings or re acquisitions.
It's important to note that this data reflects company-owned outlets, not franchised locations. A potential franchisee should investigate further to understand the performance and trends specifically within the franchised network. Understanding the reasons behind outlet changes, whether due to closures, sales, or other factors, is crucial for assessing the stability and growth potential of a Fast Fix Jewelry And Watch Repairs franchise.