How many Fast Fix Jewelry And Watch Repairs outlets were opened 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, there were zero outlets opened in 2023. The provided table in Item 21 shows the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at the end of the year for 2022, 2023, and 2024.
Specifically, the table indicates that for the year 2023, under the column "Outlets Opened", the value is 0. This means that during the entire year of 2023, no new Fast Fix Jewelry And Watch Repairs outlets were opened.
Prospective franchisees should take note of this information as it provides insight into the recent growth trends of Fast Fix Jewelry And Watch Repairs. A lack of new openings in 2023 could indicate a period of consolidation or other strategic shifts within the franchise system. It would be prudent for potential franchisees to inquire further about the reasons behind this and the franchisor's plans for future expansion.