- 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
About Fibrenew
- Industry
- Maintenance
- Related Categories
- Leather & Vinyl Repair, Miscellaneous Maintenance Businesses
- 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
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
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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.
Franchise 500 Ranking
Top Global Franchises
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