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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 MISSION & VISION
Our mission is to provide our service throughout the world with integrity, distinction, and enthusiasm. Our vision is to be the worldwide leader in our industry while assisting our franchisees in achieving their personal and financial goals through owning and operating a thriving mobile service business.

OUR HISTORY
1985: Fibrenew is established
1987: Franchising begins. Michael Wilson purchases the first franchise
1994: Michael & Fran Wilson purchase the entire company
1994: Fibrenew begins to grow across Canada
1997: 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
2022: Fibrenew achieved 300 global locations                                                                            2023: Currently has over 300 global locations and growing

OUR CONTINUED GROWTH
Since our inception, we have never stopped growing. Our franchise base has increased every single year - through every rise and fall of the world's economy. That truly speaks to the fact that there is always a need for our services. From 1 single franchise in 1987 to over 300 franchise locations, Fibrenew is on a mission to remain #1 in our industry space.

Support and Training Offered By Fibrenew


Robust Initial Training
Fibrenew's comprehensive initial training program consists of three phases - each designed to provide you with the skills, knowledge, and confidence you need to succeed with your new business.

On-Demand Field Support
With Fibrenew, you are in business for yourself, but never by yourself. Our highly experienced support staff will be here to help you with all aspects of the business. By phone, live video chat, text, email, or our support app.

Annual Seminars
We offer continued training and learning opportunities on a regular basis. You'll keep your skills sharp and learn new tips, tricks, and procedures through our interactive and fun sessions.

Weekly Workshops
Every Wednesday morning, we hold a company-wide Zoom workshop where we provide technical training sessions, discuss business-building, share ideas, and generally talk shop as a group.

Best-In-Class Products:
We research and develop our proprietary products. Each one is specific to the various leather, plastic, and vinyl materials we restore daily. Simply put; they're the best in the business.

Multi-Channel Sales and Marketing:
We work to drive customers your way on social via Facebook, Instagram, Linked In, and online with Google Ads. You'll also work with the many alliances we have with warranty companies, retailers and manufacturers.

Industry Partners:
We work with many 3rd party vendors and suppliers, from marketing to technology. You'll have access to a network of like-minded cohorts who all help contribute to the success of Fibrenew Franchisees.

Cutting-Edge Technology
From custom-built in-house apps to integration with our partners at Google, Apple, Jobber, and Intuit, our technology tools are second to none in the mobile service franchising industry.

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Fibrenew's 5-Step Discovery Process:

If there is a territory available in your chosen area, we'll follow a streamlined, white-glove process that is clear, concise, and designed to help you discover Fibrenew on your terms:


1) Intro / Question Call

2) Screen Share Discussion

3) Validation: Call and discuss opportunities with current franchise partner

4) Ride Along: Spend a day with a current franchise partner

5) Discuss Next Steps

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3 Phases of Training:

  • Pre-Training & Onboarding Program - screen based modules, 6 weeks prior to fundamentals
  • Fundamentals Training - a hands on course in Calgary, AB Canada 2 weeks (valid passport required) or Virtual / Screen-based from your home 
  • Post training - Field Training Program 1 year screen based modules, business development and virtual training.  Ramps business up quickly

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Join our Next Live Webinar:

Every month, we come together to talk about Fibrenew. We always keep it fresh, relevant, and always informative! During these interactive discussions, we discuss our products, training, support, marketing, technology, company culture, and much more. You'll have a chance to ask questions of current franchise owners and their team members! We look forward to having you join us!

Register your spot now - there's no cost and no obligations to attend:
https://us02web.zoom.us/meeting/register/tZUlde-hrjgqGdIe9RK126gB8WXZnftQEpsL

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Listen to our Podcast:

We periodically catch up with Fibrenew Franchise Partners, Support Staff, the Executive Team, and more to talk shop. In these unscripted conversations, we cover business building, share tips and insights on owning and running a Fibrenew franchise, and more. We hope you enjoy listening in!

Listen on Apple Podcasts:
https://podcasts.apple.com/ca/podcast/fibrenew-exchange-podcast/id1501609159

Listen on Spotify:
https://open.spotify.com/show/4PofIDQwwpOgBT3ayINzks

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Examples of Fibrenew Restorations:

See images folder:
https://drive.google.com/drive/folders/1vzUVfBrc1hGFs-dC_GsE9KtK3lmQ4mQO?usp=share_link


2023 Franchise Requirements Needed to Own a Fibrenew Franchise.

What does a Fibrenew Franchise Cost?

Fibrenew franchise fees for 2023:

Minimum Cash Required: $15,000 - $25,000
Net Worth Required: $100,000
Franchise Fee: $47,000 + Start Up Fee $42,000
Total Investment Range: USA $93,125 - $111,695 CAN $86,750 - $100,300
Veteran Discount: $4,700 

Other Information:

Available Locations: Single-unit opportunities are available throughout the United States, Canada
International Opportunities Available: Yes
Business Type: Franchise
Semi Passive: Only if a full time technician is hired and they come to Fibrenew's training with the owner. The owner must work within the business minimum of 15 hrs a week.
Also, opportunity for owner operator to become passive once they have established the business (hiring a full time tech sending them to Fibrenew's training)
Financing Assistance: Yes, through a third party
Home Based: Yes
We Work With: SBA, 401K/IRA rollovers, E2 Visa
Franchise Associations: International Franchise Association Member, Canadian Franchise Association, Vetfran

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

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

No. Fibrenew is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

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.

Where can I see Fibrenew's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

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

No

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

Furniture Medic, Color Glo International, Computer Troubleshooters, Cell Phone Repair, AAMCO Transmissions and Total Car Care, ecocountertopsUSA, WECANSHADEIT, LLC (We Can Shade It), Mr. Duct Cleaner, Door Renew, NOVUS Glass, Deck Medic, Blue Kangaroo Packoutz, Colors On Parade

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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