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Fibrenew

This is a green company with a recession-resistant model. It is a M-F, home-based business with very few or no employees to start. They have received a 97% + score on Fran Survey for 4 consecutive years. There are five potential profit sectors in this low-overhead high-profit margin franchise market that is and has been underserved.

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Fibrenew

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Videos

Fibrenew Franchise Cost and Requirements for 2023

Background

The Opportunity

Fibrenew is a market leader in the restoration of leather, plastic and vinyl. We are a home-based, mobile franchise service that caters to the aviation, automotive, commercial, marine, medical and residential markets.

Consumer-Driven Demand
There is leather, plastic and vinyl everywhere that becomes damaged through normal wear and tear or accidents. Fibrenew technicians restore rips, fades, stains, cracks, scratches and holes on items in homes, vehicles, boats, planes and businesses.

Diversified Service Business
With so many potential revenue streams across multiple markets along with a high demand for our services, our company and franchisees have grown and thrived through every rise and fall of the economy since 1987. That really speaks to the fact that there is always a need for our services.

Growth & Stability
Over the past 28 years, we have built and refined a robust franchise business system. This includes the research and development of a proprietary product line, highly specialized techniques as well as rock-solid support, operations and marketing systems.

The strength of our business model, the quality of our products and services and our enthusiasm for what we do all contributes to the success of more than 230 Fibrenew franchises around the world.

Company Details

Our Rich History

1985: Fibrenew is established

1987: Franchising begins. Michael Wilson purchases first franchise

1994: Michael & Fran Wilson purchases the entire company

1994: Fibrenew begins to grow across Canada

1996: Fibrenew New Zealand is established

1999: Fibrenew's first US franchise opens

2000: Fibrenew Mexico opens

2012: Fibrenew reaches 100 locations in the US

2019 Fibrenew Chile opens

2021 Fibrenew Saudi Arabia opens

Present: Currently 300+ locations and growing

Registered in All States

Support and Training Offered By Fibrenew

Financial Support Notes:

  • In house Financial Assistance Provided: No 
  • Other Financial Notes: We work with SBA, 401K / IRA rollovers, E2 Visa and we give 10% franchise fee discount to veterans only (DD214 required, honorable discharge).
  • Site Selection Assistance: No, site not required
  • Lease Negotiation Assistance: No, no bricks and mortar
  • Recruiting Assistance: No
  • Co-Operative Advertising: No

Sale & Discovery Process

  1. Introductory Phone call & Interview
  2. Presentation (1 hrs. + Q & A)
  3. Validation (2 weeks)
    1. Validation calls with our Franchise Partners (minimum of 7 calls)
    2. Review the franchise Disclosure Document (FDD) and Franchise Agreement (FA) & sign the FDD receipt page
    3. Begin Territory Exploration
    4. Complete a Proforma
  4. Ride Day with an accredited Franchise Partner (1 day) & President's call
  5. Award Day (2 days after ride day) & begin onboarding & pre-training

3 Phases of Training:

  • Pre-Training & Onboarding Program 4-6 weeks
  • Training in Calgary, AB Canada 2 weeks (valid passport required) or Virtual / Screen-based from your home 
  • Post training Field Training Program 8 months, virtual and ramps business up quickly

Support:

  • Technical Support (1.800 number)
  • Business Coaching
  • Online Video Training
  • Franchisee Intranet
  • Ongoing Education/Advanced Training Workshops
  • Seminars (mandatory attendance 1 per year), multiple location options
  • Jobber: proprietary field management tool / CRM
  • Hive: Intranet
  • Color Eye: Proprietary color recognition system

Building Brand Awareness

  • Company Marked Vehicle
  • Fibrenew Web Page
  • Franchisee location finder on customer site
  • Google AdWords Program
  • Online Print Shop with Fibrenew Branding & Designs (Vistaprint partnership)
  • Warranty Company Alliances
  • Business Networking
  • Trade Shows - Fibrenew Trade Show banner included in Start-up Kit


2023 Franchise Requirements Needed to Own a Fibrenew Franchise.

What does a Fibrenew Franchise Cost?

Fibrenew franchise fees for 2023:

Cash Investment: $15,000 - $25,000
Total Investment: USA $93,125 - $111,695 CAN $86,750 - $100,300
Minimum Net Worth: $100,000
Franchise Fee: $47,000
Start Up Fee: $42,000 
USA Royalty (USD): $795/month (first 6 months waived, 5% increase starting in year 3) 
CAN Royalty (CAD): 0-299,999 population: $790/month + taxes / 300,000+ population: $860/month + taxes (first 6 months waived, 5% increase annually starting in year 2)
Annual Product Requirement: USA $2,500 (waived first contract year) CAN $1,900 for 299,999 or less population or $2,500 for population of 300,000 or more (waived first contract year)
Ad Fund: $0
Passive Ownership: No
Semi Absentee Ownership: YES (designated manager/technician must operate business full time)
Home Based: Yes
B2B: Yes
B2C: Yes
International Opportunities Available

Please Note: New updated FDD will be available Dec 5 except in the States that required registration and approval.

Is Fibrenew a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Fibrenew is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Fibrenew a Home Based franchise?

Yes. Fibrenew is a home based franchise opportunity.

What Do Fibrenew Franchise Owners Make?

This information is not available. Fibrenew does not offer an Item 19 in their Franchise Disclosure Document.

Is Fibrenew a Master Franchise Opportunity?

No. Fibrenew is not a master franchise opportunity.

Does Fibrenew Offer a Veteran Discount?

Yes. Fibrenew franchise does offer a veteran discount.

Does Fibrenew Work with E2 Visa and EB-5 Visa Candidates?

Yes. Fibrenew franchise does work with E2 Visa and EB-5 Visa candidates.

Is Fibrenew Looking for Franchisees in Canada?

Yes. Fibrenew franchise is looking for Canada franchisees.

Is Fibrenew Looking for International franchisees?

Yes. Fibrenew franchise is looking for International franchisees.

Additional Information

Additional Categories

Repair & Restoration, Home Services, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

Less than $25,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

Yes

Item 19 Franchise

No

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

Yes

Fibrenew Franchise Reviews

Fibrenew Franchises for Sale

Click Here to inquire about existing Fibrenew franchises for sale. We may have Fibrenew franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Fibrenew

Jantize America, The Patch Boys, Miracle Method Surface Refinishing, Painter1, Footprints Floors, America's Swimming Pools Company (ASP), ShelfGenie, NOVUS Glass, Deck Medic, Dryer Vent Squad, Colors On Parade, 1-800 Striper, Garage Kings

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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