What was the total revenue for Fast Fix Jewelry And Watch Repairs in 2024?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net at January 1, 2022 | $ 3,832,273 |
|---|---|
| Amortization of goodwill | (617,280) |
| Goodwill, net at December 31, 2022 | 3,214,993 |
| Amortization of goodwill | (617,280) |
| Goodwill, net at December 31, 2023 | $ 2,597,713 |
Goodwill totaled approximately $6,173,000 and accumulated amortization totaled approximately $2,958,000 and $3,575,000 at December
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the total revenue for Fast Fix Jewelry And Watch Repairs in 2024 is not explicitly stated. The provided financial statements primarily cover the years 2022 and 2023.
While there are mentions of financial activities such as goodwill amortization, lease expenses, related-party transactions, and debt, these do not provide a comprehensive figure for the company's total revenue. For example, the document mentions goodwill amortization expense is estimated to be approximately $617,300 during each of the years 2024 through 2027, but this is an expense, not total revenue.
A prospective franchisee should directly ask Fast Fix Jewelry And Watch Repairs for the consolidated statements of operations for the year 2024 to ascertain the company's total revenue. This information is crucial for evaluating the financial health and potential profitability of the franchise.