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2022 Franchise 500 Rank
#215 Ranked #350 last year
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Initial investment
$87K - $99K
Units as of 2022
291 21.8% over 3 years

Here’s what you need to know if you’re interested in opening a Fibrenew franchise.

Fibrenew is a professional restoration service specializing in leather, vinyl, and plastic restoration and upholstery. After getting its start in Alberta, Canada in 1985, Fibrenew began franchising in 1987. Since then, it has spread on a global level. Currently, there are more than 290 different locations in 6 countries. In the U.S. alone, there are over 200 franchises, all of which are operated by franchisees.

Why You May Want to Start a Fibrenew Franchise

Fibrenew is a restoration franchise that has been around for more than three decades. Fibrenew has maintained a spot at the top of its respective service area throughout its history. Since its founding, throughout all the economy's rises and falls, the company has continued to grow in franchise units. Fibrenew is a service that is highly unlikely to be replaced or outsourced by technology and robots because it requires a certain level of craftsmanship.

When clients call up Fibrenew, a specialized employee drives to their location to restore and fix damaged products. Fibrenew takes care of various furniture and products, including residential furniture service, marine restoration, commercial furniture repair, aviation interior maintenance, and light upholstery repair.

The company prides itself on saving time and money by restoring its customers’ products instead of replacing them entirely. Also, their work prevents leather, plastic, and other materials from being thrown out as waste.

What Might Make a Fibrenew Franchise a Good Choice? 

There is a high demand for Fibrenew's service, and heads keep turning towards this franchise. They provide an alternative to completely renovating and replacing couches and other furniture, saving customers time and money. Since the business offers different streams in the restoration market, you can create growth in your franchise. 

Multiple times in the past several years, Fibrenew was ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Fibrenew is an essential business needed almost everywhere. One advantage of owning a Fibrenew franchise is that it's been an active company with established relationships. This will allow you to harness the power of its brand in your marketing.

How Do You Start a Fibrenew Franchise?

To be part of the Fibrenew team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup fees. You should also be prepared for ongoing fees, including royalty, and renewal fees. The term of agreement for a franchise with Fibrenew typically lasts for 5 years, with the option to renew for a small sum at the conclusion of the contract if both parties wish to continue working together. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

If you're ready to get started, you can begin by filling out a franchise inquiry form. As you progress through the process of opening a Fibrenew franchise, you will be given a Franchise Disclosure Document to review and sign. Then, you'll undergo an intensive training program in order to ensure that you are best set up for success. The Fibrenew team will work with you for multiple weeks before sending you out on your own. It won't be long before you're opening the doors to your Fibrenew franchise, giving new life to some of the things your customers care about most. 

Find Your Perfect Franchise

Company Overview

About Fibrenew

Industry
Maintenance
Founded
1985
Leadership
Michael Wilson, CEO

Franchising Overview

Franchising Since
1987 (35 years)
# of employees at HQ
13
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
291 (as of 2022)

Franchisor Information

Corporate Address
101-220 3rd St. N.E.
Black Diamond, AB T0L 0H0

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Fibrenew franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$47,000
Initial Investment
$86,871 - $99,465
Net Worth Requirement
$100,000
Cash Requirement
$25,000
Veteran Incentives
10% off franchise fee
Royalty Fee
$695+/mo.
Term of Agreement
5 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Fibrenew has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
Varies
Classroom Training
70 hours
Additional Training
Field training, weekly workshops, annual seminars
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes
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Franchise 500 Ranking History

Compare where Fibrenew landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Fibrenew.

Stratus Building Solutions

Environmentally friendly commercial cleaning and disinfecting

Chem-Dry Carpet & Upholstery Cleaning

Carpet and upholstery cleaning, tile and stone care, granite countertop renewal

ServiceMaster Clean/ServiceMaster Restore

Commercial/residential cleaning, disaster restoration

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021