For a full-year U.S. Inline Store modeled from the 2024 qualifying-outlet median, this is the defensible analytical range produced by combining 2024 Fast-Fix median Gross Sales with an IRS miscellaneous-repairs net-income benchmark. The parallel Kiosk range is about $23,000-$55,000. These figures include the economic value of the owner's labor and are not passive business profit.
This range is an independent analytical scenario, not an Item 19 financial performance representation by Jewelry Repair Enterprises, Inc. It combines identified 2025 FDD facts with a separately identified government benchmark and explicit modeling assumptions. Actual results can differ materially by location, format, sales, labor, occupancy, financing, owner involvement, product and service mix, and execution.
- Legal franchisor
- Jewelry Repair Enterprises, Inc.
- Disclosure document
- 2025 Amended Franchise Disclosure Document, issued June 26, 2025 and amended August 7, 2025.
- Item 19 status
- Official 2024 Gross Sales only; no costs, operating profit, net income, cash flow, or owner compensation.
- Applicable population
- 110 qualifying franchised outlets open for all of 2024: 101 Inline Stores and 9 Kiosks. Company-owned outlets and Store-In-Stores were excluded.
- External benchmarks
- IRS Statistics of Income, 2023 sole proprietorship “Miscellaneous repairs”; 2025 BLS wage data presented by O*NET for First-Line Supervisors of Retail Sales Workers.
- Date checked
- July 14, 2026.
How much may a Fast-Fix owner earn annually?
An owner actively operating a Fast-Fix outlet at the modeled 2024 full-year sales levels may have an estimated owner-operator benefit of roughly $41,000-$97,000 for an Inline Store or $23,000-$55,000 for a Kiosk. These are scenario estimates, not franchisor-reported earnings, and the base cases are approximately $66,000 and $37,000, respectively.
The estimate is pre-personal-tax and before financing principal payments. It is not EBITDA or cash flow: the IRS net-income benchmark includes business interest and depreciation in its aggregate deductions, does not separately deduct compensation for the proprietor's own work, and does not measure capital expenditures or loan principal.
| Scenario | Modeled margin | Inline revenue / benefit | Kiosk revenue / benefit |
|---|---|---|---|
|
Conservative 80% of FDD median revenue |
10.2% | $400,570 / $40,939 | $225,175 / $23,013 |
|
Base 100% of FDD median revenue |
13.2% | $500,712 / $66,195 | $281,469 / $37,211 |
|
Upside 120% of FDD median revenue |
16.2% | $600,854 / $97,459 | $337,763 / $54,786 |
The Inline Store range is supported by a much larger Item 19 sample than the Kiosk range.
Interpretation: format and sales volume materially change the modeled owner benefit; the three cases are sensitivity points, not probabilities. Source: 2025 Amended FDD, Item 19, FDD page 25; IRS nonfarm sole proprietorship statistics, 2023 Table 2. Calculations use unrounded inputs and display rounded dollars.
The range is most useful as a screening model. It shows what the disclosed sales levels could support under a broad repair-business net-income benchmark; it does not establish what a specific Fast-Fix outlet has earned or will earn.
What does the 2025 FDD actually report?
Item 19 officially reports 2024 Gross Sales, not owner earnings, for qualifying franchised Inline Stores and Kiosks open throughout the full measuring year. It reports no cost of sales, payroll, occupancy, operating profit, EBITDA, net income, cash flow, owner salary, draw, or distributions.
| Outlet format | Qualifying outlets | Lowest Gross Sales | Median Gross Sales | Average Gross Sales | Highest Gross Sales |
|---|---|---|---|---|---|
|
Inline Store 34 of 101, or 33.7%, achieved or surpassed the average. |
101 | $123,454 | $500,712 | $553,663 | $1,648,553 |
|
Kiosk 2 of 9, or 22.2%, achieved or surpassed the average. |
9 | $137,861 | $281,469 | $337,139 | $830,726 |
Official FDD source: 2025 Amended FDD, Item 19, FDD pages 24-26. Under the FDD definition, Gross Sales includes sales of goods and services and precious-metal sales to refiners, less specified refunds, allowances, discounts, and sales or excise taxes. The franchisor states that POS data were unaudited and that expenses must be deducted from Gross Sales to determine net income or profit.
2024 result for 101 qualifying franchised Inline Stores.
2024 result for 9 qualifying franchised Kiosks.
Full-year franchised population used in Item 19.
IRS 2023 net income less deficit divided by receipts for miscellaneous repairs.
6% royalty, 2% Brand Fund, and 1% local advertising commitment.
2025 national median for retail first-line supervisors; employer burden is extra.
The $500,712 Inline median and $281,469 Kiosk median are top-line Gross Sales. A buyer still has to fund merchandise and materials, bench labor and other payroll, occupancy and common-area charges, insurance, utilities, technology, advertising, royalties, repairs, professional fees, interest, depreciation, and other operating costs.
Population design matters. Item 19 excluded six franchised outlets that closed during 2024 and two Store-In-Stores, which are no longer offered. Item 20 shows franchised outlets declining from 117 at the start of 2024 to 112 at year-end after one opening and six closures. The surviving full-year cohort is useful, but it does not represent every outlet that operated at any point during the year.
How were the owner-earnings scenarios calculated?
The estimate is derived, not official: each format's 2024 Item 19 median Gross Sales is multiplied by a government benchmark margin, with an explicit sales and margin sensitivity band. The method preserves the FDD's separate Inline Store and Kiosk populations.
- Revenue anchor: the FDD median, because median and average are not interchangeable and the median is less sensitive to the highest-volume outlets.
- Sales sensitivity: 80%, 100%, and 120% of each disclosed median. This spread is an editorial assumption because Item 19 reports no quartiles.
- Margin anchor: IRS 2023 “Miscellaneous repairs” sole proprietorships reported $24.439 billion of receipts and $3.231 billion of net income less deficit, producing a 13.2201% ratio.
- Margin sensitivity: 10.2201%, 13.2201%, and 16.2201%, formed by subtracting or adding three percentage points to the IRS ratio.
- Owner role: the first scenario assumes the proprietor performs the management labor required of a Franchise Operator. No separate owner wage is deducted.
- Taxes and financing: personal income taxes and financing principal are excluded. The IRS benchmark aggregate includes interest and depreciation deductions, so the result is neither EBITDA nor cash flow.
What recurring FDD fees are known?
Item 6 discloses a 6% royalty, 2% Brand Fund fee, and 1% Local Advertising Commitment. It also lists a current FAP fee of $150 per month for a Kiosk or $175 for an Inline Store, plus current POS technology fees of $137 per month for one station or $177 for two stations. A cooperative advertising fee may apply, but its amount is not fixed in the FDD.
How are those fees treated in the estimate?
They are disclosed as decision-critical obligations but are not subtracted a second time from the all-in IRS net-income ratio. The IRS category does not isolate franchised businesses, so it is unclear whether comparable fee burdens are embedded. That mismatch is a central reason for the Limited confidence label and may cause the scenario to overstate results.
Beginning in month 13, the $14,400 annual minimum royalty equals 6% of $240,000 in Gross Sales. Below $240,000, the effective royalty rate rises above 6%. The conservative Kiosk revenue case is $225,175, so the minimum would add about $890 above a simple 6% calculation if all other assumptions held constant.
How does owner involvement change the result?
Owner involvement can change the economic result by roughly the cost of a qualified manager. The 2025 FDD requires a designated Franchise Operator to use full-time best efforts in onsite management except when a trained manager is onsite; it permits an approved, trained manager to assist. The base owner-operator benefit is estimated at $66,195 for an Inline Store and $37,211 for a Kiosk.
Using the 2025 national median wage of $48,520 for First-Line Supervisors of Retail Sales Workers as a labor proxy, the illustrative base manager-run residual falls to $17,675 for an Inline Store and negative $11,309 for a Kiosk. This subtraction includes wage only, not employer payroll taxes, workers' compensation, benefits, recruiting, or coverage gaps, so a fully loaded manager cost would be higher.
Illustrative annual benefit before and after subtracting the national median manager wage proxy.
Interpretation: the Kiosk base case does not cover the national median manager wage proxy, while the Inline base case leaves a positive but much smaller residual. Sources: 2025 Amended FDD, Item 15, FDD pages 21-22; O*NET First-Line Supervisors of Retail Sales Workers, using May 2025 BLS OEWS wage data.
Owner-operator benefit combines residual business economics with compensation for work performed. Manager-run residual is closer to passive owner economics, but only after a complete manager cost, replacement coverage, and any additional supervisory overhead are included.
What could move actual earnings outside the range?
The largest uncertainty is the missing same-brand expense statement. Item 19 provides sales but no Fast-Fix cost structure, so the scenario relies on a broad 2023 IRS sole-proprietorship category rather than audited franchised-unit income statements.
Factors that can lower owner benefit
High mall rent and common-area charges, bench-jeweler or watchmaker payroll, manager coverage, slower traffic, a low repair-to-retail mix, inventory shrink, co-op advertising, technology additions, debt interest, and the minimum royalty can reduce the result.
Factors that can raise owner benefit
Higher transaction volume, favorable occupancy terms, disciplined staffing, owner-provided management, efficient repair throughput, stronger service mix, and multiple productive revenue streams can improve the result. None is guaranteed by the FDD.
The Kiosk estimate is especially uncertain because only nine Kiosks qualified for the 2024 Item 19 table. The Inline Store sample is larger, but its reported range from $123,454 to $1,648,553 demonstrates substantial outlet variation. Average Gross Sales also exceeded the median for both formats, indicating that higher-volume outlets pulled the average upward.
The FDD sales evidence is current and format-specific, but the earnings conversion depends materially on an external industry proxy, an editorial revenue spread, and a margin sensitivity band rather than same-brand operating-expense data.
What should a buyer verify before relying on this estimate?
A prospective U.S. buyer should treat the range as a diligence framework and replace every proxy with outlet-level evidence. The most useful comparison is with mature, same-format franchisees operating under similar occupancy and staffing conditions.
- Request the franchisor's written substantiation for the 2024 Item 19 Gross Sales representation and confirm how POS adjustments, refiners' precious-metal sales, refunds, discounts, and taxes were handled.
- Interview both Inline Store and Kiosk franchisees separately; ask for trailing-12-month income statements, owner hours, owner pay, distributions, and whether a manager is included in payroll.
- Rebuild a bottom-up expense bridge for merchandise and materials, skilled repair labor, other payroll and burden, rent, common-area maintenance, insurance, utilities, technology, advertising, and all Item 6 fees.
- Ask why the six franchised outlets closed in 2024 and whether their sales or expense profiles differ from the 110 full-year qualifying outlets.
- Confirm the required number of POS stations, current FAP and technology charges, applicable cooperative advertising, and any fee changes made after the 2025 FDD.
- Separate owner labor compensation from residual business profit, then test a fully loaded manager cost for the local market rather than relying only on the national wage proxy.
- Model debt service separately using the buyer's actual financed amount, rate, term, fees, and working-capital needs. Do not treat personal income taxes as a unit operating expense.
What is the strongest defensible takeaway?
The strongest defensible range is an estimated $41,000-$97,000 annual owner-operator benefit for an Inline Store and $23,000-$55,000 for a Kiosk, anchored to 2024 Item 19 median Gross Sales but not reported by the franchisor as earnings. Sales volume and owner-provided management are the dominant modeled drivers. The largest unresolved uncertainty is the absence of same-brand expense and profit data. Before making a decision, a buyer should verify Item 19 substantiation, obtain complete outlet-level income statements, and use franchisee interviews to separate owner labor, manager cost, business profit, debt service, and personal taxes.
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