Offer Memorandum

A PROPOSAL FOR SALE OF A BUSINESS
Fast-Fix – Franchise Store For Sale
PENTAGON CITY, VA
OFFER MEMORANDUM - FASTFIX.COM
KW COMMERCIAL
9701 Apollo Dr., Ste. 102
PRESENTED BY:
Upper Marlboro, MD 20774
LORENZO WOOTEN, JR.
Managing Director
202.731.1365
[email protected]
FAST FIX STORE IN THE WASHINGTON DC AREA
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Executive Summary
FRANCHISEE OVERVIEW
SALE PRICE:
$715,000
LOCATION SIZE:
975 SF
LOCATIONS:
Pentagon City Mall
LEASES:
Renewable Lease In 2018.
FAST-FIX JEWELRY AND WATCH REPAIRS® is the world’s largest
franchise of repair services for jewelry, watches, smartphones, and
tablets.
Opportunity to purchase turn-key stores that has had an annual six
figure profit since 1998.
• Jewelry Repair
• Ring sizing, stone replacement, bracelet repairs, restringing,
mounting, and necklace repairs
• Watch Repairs
• Battery replacement (with exclusive warranties), stem and crown
repair, crystal and watchband replacement, cleaning
and inspections
• Smartphone and Tablet Repairs
• Screen and battery replacement and other electronic repairs
• Personalized Engraving and Engraved Gifts
• Custom engraved jewelry, watches, plaques, medals, and other
keepsakes for both B2C and B2B
• Custom Jewelry Design
• Our exceptional jewelers consult with customers to create
personalized jewelry
• By offering on-site services and same-day turnaround at quality
locations in malls makes FAST-FIX JEWELRY AND
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WATCH REPAIRS a simple choice for so many customers.
Pentagon City Mall
Fashion Centre at Pentagon City, located just moments from the nation's capital, and on the Washington
DC Metro system, offers a world-class shopping experience where avenues of fashions and boulevards
of style await.
A scenic glass elevator ride to the third level reveals more than 170 fascinating stores and restaurants
including Macy's, Nordstrom, The Ritz-Carlton, Ann Taylor, Apple, and Armani Exchange.
View details of the 1.9 million sf of renovation: http://projects.arlingtonva.us/projects/120 1-s-hayesstreet-1200-s-fern-streetpentagon-centre/
FAST FIX STORE IN THE WASHINGTON DC AREA
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About FAST-FIX
ABOUT FAST-FIX
• Jewelry, Watch, Smartphone and Tablet Repairs
• Screen and battery replacement and other electronic
repairs
• Custom Jewelry Design
• Exceptional jewelers consult with customers to create
personalized jewelry
• By offering on-site services and same-day turnaround at
quality locations in malls makes FAST-FIX JEWELRY AND
WATCH REPAIRS a simple choice for so many customers.
FAST-FIX is committed to franchisee satisfaction, so joining
and getting set up is a fast, simple process. Third-party
financing available to qualified candidates, corporate
guarantee on leases for the mall location, and corporate
support on getting equipped, and with getting inventory for
each service center. Learn more at www.fastfix.com
Buyer does not need to be a jeweler to purchase franchise.
Franchiser provides training.
Financials can be provided to qualified individuals after a
non-disclosure agreement is signed.
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FAST FIX STORE IN THE WASHINGTON DC AREA
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Company Highlights
COMPANY HIGHLIGHTS & SALES PRICE
• Franchisor information at www.fastfix.com
• 2011- Top Store in the company - Pentagon City
• 2008 Franchise of the year
• 5% royalty fee on annual income (typically 6% royalty fee
for new franchisee owners)
• One time application fee
• Training fee for new owner (s) includes ten days at
corporate headquarters
• Annual Fast Fix Convention
• Local referral network from Kay Jewelers, Nordstrom and
Macy’s
• Business Model -85% - Service & 15% - Sales
• 60-70% Repeat business for all three stores
• Opportunity for owner to grow watch sales business
• Annual revenue over $120,000.00 with an annual net profit
of 24% (including owners salaries)
• Sales Prices: $715,000
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FAST FIX STORE IN THE WASHINGTON DC AREA
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Regional Map
Three Fastfix stores in the
Washington, DC metro area
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FAST FIX STORE IN THE WASHINGTON DC AREA
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Financial Summary
INVESTMENT OVERVIEW
Price
$715,000.00
OPERATING DATA
Gross Income 2012-2015
To be Provided
Jewelry Sales
To be Provided
Repair Sales
To be Provided
Expenses
To be Provided
Net Operating Income 2012-2015
To be Provided
FINANCING DATA
Down Payment
$143,000.00
Loan Amount
$572,000.00
Debt Service
$47,964.00
Debt Service Monthly
$3,997.00
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FAST FIX STORE IN THE WASHINGTON DC AREA
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Demographics Map
POPULATION
1 MILE
2 MILES
3 MILES
TOTAL POPULATION
26,251
68,354
188,444
MEDIAN AGE
35.4
33.9
33.3
MEDIAN AGE (MALE)
MEDIAN AGE (FEMALE)
35.9
34.7
34.5
33.2
33.6
33.1
HOUSEHOLDS & INCOME
1 MILE
2 MILES
3 MILES
TOTAL HOUSEHOLDS
14,457
33,593
91,320
# OF PERSONS PER HH
1.8
2.0
2.1
AVERAGE HH INCOME
AVERAGE HOUSE VALUE
$107,136
$581,039
$100,953
$534,645
$109,152
$559,624
RACE
1 MILE
2 MILES
3 MILES
% WHITE
70.3%
62.8%
68.0%
% BLACK
10.8%
16.1%
12.0%
% ASIAN
12.1%
8.6%
9.2%
% HAWAIIAN
0.0%
0.0%
0.0%
% INDIAN
% OTHER
0.5%
4.1%
0.8%
8.5%
0.5%
7.0%
ETHNICITY
% HISPANIC
1 MILE
9.4%
2 MILES
18.9%
3 MILES
15.4%
* Demographic data derived from 2010 US Census
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FAST FIX STORE IN THE WASHINGTON DC AREA
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Contact:
Lorenzo Wooten, Jr.
MANAGING DIRECTOR
[email protected]
www.wootengroupcommerial.com
240.737.8196 - Direct
202.731.1365 - Office
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