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Units as of 2021
256 (17 added in 3 years)
7.1%
2021 Franchise 500 Rank
#350 Ranked #275 last year
Initial investment
$87K - $99K

Company Overview

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.

About Fibrenew

Industry
Maintenance
Founded
1985
Leadership
Jesse Johnstone, President

Franchising Overview

Franchising Since
1987 (34 years)
# of employees at HQ
12
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
256 (as of 2021)

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
$86,687 - $99,452
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

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

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where Fibrenew ranked on other franchise lists? Find out below.

Ranked #350

Franchise 500 Ranking

Ranked #112

Top Global Franchises

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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
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