About
Founded
1985
Franchising Since
1987 (31 Years)
Corporate Address
P.O. Box 117, 101 & 105, 220 - 3rd St. N.E.
Black Diamond, AB T0L 0H0
CEO
Michael Wilson
Financial Requirements
Initial Investment ⓘ
$93,250 - $104,800
Net-worth Requirement ⓘ
$200,000
Liquid Cash Requirement ⓘ
$50,000
Ongoing Fees
Initial Franchise Fee ⓘ
$47,000 - $47,000
Ongoing Royalty Fee
$695+/mo.
Financing Options
Fibrenew has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Veteran Incentives
10% off franchise fee
Support Options
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
Social media
SEO
Website development
Email marketing
Loyalty program/app
Classroom Training:
69 hours
Number of Employees Required to Run:
1
Fibrenew is ranked #185 in the Franchise 500!
Bio
In 1985 Tom Gallagher founded Fibrenew to offer leather and vinyl repair to customers in Alberta, Canada. Gallagher's brother-in-law Michael Wilson purchased the first franchise in 1987 and then bought the company in 1994. The company continued to expand in Canada, and began opening franchises in New Zealand in 1996 and the U.S. in 1999.
Fibrenew franchisees work from home, offering mobile repairs, restoration and re-dyeing of leather, vinyl, plastic, carpet and fabric in automobiles, boats, planes, medical facilities, homes and businesses.
Cost
Initial Investment: Low - $93,250
High - $104,800
Units
+0.4%+1 UNITS (1 Year)
+6.3%+14 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
Related Franchises
Franchise Articles
5 Steps of the New Model of Revenue Recognition for Franchisors
The new rules around revenue recognition are lengthy and complex. Here's what you need to know.
Here's How You Can Avoid Being a Victim of Franchise Fraud
It is important for prospective franchisees to take adequate steps to protect themselves to avoid being a victim of a fraud
The Top 5 Business Service Franchises From the Franchise 500
Open a franchise and help others with their businesses, too.
These Roommates Changed Their Lives for a Sandwich -- and Built a Franchise Empire
Ashley Morris and Jason Smylie have known each other since they were eight years old. Here's how they maintain a healthy work relationship today.
Want to Buy a Franchise? Here's Your Step By Step Guide
Franchising is one of the safest ways of becoming a business owner
