What is the multi-unit discount amount for a Fast Fix Jewelry And Watch Repairs franchise?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Discount | Discount Amount* | Eligibility Criteria | |
|---|---|---|---|
| Multi-Unit | $5,000 discount ($15,000 initial franchise fee) | Applies if you (a) are an existing franchisee in good standing, (b) are purchasing your 2nd or subsequent franchise and (c) do not sell any of your Service Centers within 6 months after the sale involving the multi-unit discount (you must immediately pay us $5,000 if you sell any Service Center within the 6-month period). Discount does not apply to the 1st Service Center purchased. |
Source: Item 6 — OTHER FEES (FDD pages 11–14)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, a multi-unit discount is available under specific conditions. The discount amounts to $5,000 off the initial franchise fee, effectively reducing it from the standard $15,000 to $10,000 for each subsequent franchise purchased. This discount does not apply to the first Fast Fix Jewelry And Watch Repairs Service Center purchased.
To be eligible for the multi-unit discount, a franchisee must meet certain criteria. First, they must already be an existing franchisee in good standing with Fast Fix Jewelry And Watch Repairs. Second, the purchase must be for their second or any subsequent franchise location. Finally, the franchisee cannot sell any of their Service Centers within six months after the sale where the multi-unit discount was applied. If a franchisee violates this condition by selling a Service Center within the six-month period, they are obligated to immediately pay Fast Fix Jewelry And Watch Repairs the $5,000 discount amount.
This multi-unit discount is designed to incentivize existing, successful franchisees to expand their operations with Fast Fix Jewelry And Watch Repairs. By offering a reduced initial franchise fee, Fast Fix Jewelry And Watch Repairs aims to encourage growth and strengthen its network of franchisees. The condition regarding the sale of Service Centers within six months is likely in place to prevent franchisees from taking advantage of the discount for short-term gains or speculative purposes, ensuring a commitment to long-term operation and development of each location.