Fibrenew
#275 Franchise 500| Leather, plastic, and vinyl restoration and repair

About
Founded

1985

Franchising Since

1987 (33 Years)

Corporate Address

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

Leadership

Michael Wilson, CEO

Financial Requirements
Initial Investment

$87,812 - $99,452

Net-worth Requirement

$100,000

Liquid Cash Requirement

$15,000 - $25,000

Ongoing Fees
Initial Franchise Fee

$47,000 - $47,000

Ongoing Royalty Fee

$695+/mo.

Financing Options

Fibrenew offers in-house financing to cover the following: franchise fee, startup costs

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

On-The-Job Training:

8 months

Classroom Training:

69 hours

Number of Employees Required to Run:

1

Fibrenew is ranked #275 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 - $87,812 High - $99,452
Units
+0.4%+0 UNITS (1 Year) +0.8%+2 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: January 27th, 2020