What was the total interest expense for Fast Fix Jewelry And Watch Repairs in 2024?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
amortization is estimated to be approximately $58,000 in 2025.
Note 7. Income Taxes
The components of the income tax expense are as follows for the years ended December 31:
| | 2024 | _ |
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, the company's interest expense is broken down into two categories: current expense and deferred expense. In 2024, the current expense was $308,001, and the deferred expense was $22,786. Therefore, the total interest expense for Fast Fix Jewelry And Watch Repairs in 2024 was $330,787.
Understanding the interest expenses is crucial for prospective franchisees as it reflects the cost of borrowing and can impact the overall profitability of Fast Fix Jewelry And Watch Repairs. Monitoring these expenses helps in assessing the financial health and stability of the company.
Franchisees should consider these figures when evaluating the financial performance of Fast Fix Jewelry And Watch Repairs and comparing it to other franchise opportunities. A detailed review of these expenses, along with other financial metrics, can provide a comprehensive understanding of the company's financial position.