Fibrenew
Leather, plastic & vinyl restorationBackground
Founded: 1985 Franchising since: 1987
In 1985 Tom Gallagher founded Fibrenew Industries Ltd., a company that offered customers leather and vinyl repair to its customers in Alberta, Canada. Gallagher's brother-in-law Michael Wilson purchased the first franchise in 1987 and helped the company open its next 20 locations.
Franchisor is a privately-held company with 5 employee(s); 2 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: By county; population 250,000
Special Programs
Fibrenew sponsors Opportunities International, an organization that establishes microbanks to help women in Third World countries start businesses.
In 1985 Tom Gallagher founded Fibrenew Industries Ltd., a company that offered customers leather and vinyl repair to its customers in Alberta, Canada. Gallagher's brother-in-law Michael Wilson purchased the first franchise in 1987 and helped the company open its next 20 locations.
Wilson bought the company in 1994, opening up 43 more locations in Canada and 11 in New Zealand. In 1998 Fibrenew International Ltd. was formed.
Fibrenew franchisees work from home, doing repairs, restoration and re-dyeing of leather, vinyl and plastic in automobiles, boats, airplanes, homes and businesses.
|
Box 33, Site 16, RR8 Calgary, Alberta T2J 2T9 |
Phone: (403)278-7818 |
Franchisor is a privately-held company with 5 employee(s); 2 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2005 | 30 | 70 | 40 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: By county; population 250,000
Special Programs
Fibrenew sponsors Opportunities International, an organization that establishes microbanks to help women in Third World countries start businesses.
Costs and Fees
|
Total investment: $30K-50K Franchise fee: $30K-50K |
Ongoing royalty fee: $300/mo. Term of agreement: 5 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $25K
Cash liquidity requirement: $15K
Operations
- Franchise can be run from home
- 1% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 1
- Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
- Available at headquarters: 2 weeks
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Internet
- Field operations/evaluations