About Fibrenew
Fibrenew is a mobile service franchise that specializes in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery. With a rich history that dates back to 1985, we manufacture a highly-specialized proprietary product line and have pioneered the repair techniques and exclusive color matching technology that our technicians use every day. Our products, techniques and color matching technology are what sets us apart and what has made us a leader in our industry.Our restoration services save our customers both time and money by offering an alternative to replacing their damaged couches and chairs, car and marine components, commercial furniture and more. Our on-site services make it more convenient and faster in getting their items back into great looking and working shape again. As an added benefit, our services help prevent thousands of items from ending up in landfills each year which helps preserve mother nature.
We are proud to have an amazing group of franchise owners as part of our system. The 260 independent franchisees from around the world come from all walks of life. Former careers include school teachers, engineers, sales consultants, construction workers, mechanics, software developers, logistics drivers, business managers, chemists and much more. We are unique in our backgrounds, but similar in our principals. That is to be the best at what we do, do it with a smile and feel good at the end of each and every day. Fibrenew’s team of support and training personnel, manufacturing and distribution experts, business operations professionals and executive leaders all have one common goal in mind: to help our franchise owners successfully run and grow their businesses in order to provide for their families and have fun along the way. OUR MISSION & VISION
Our mission is to continue to be the worldwide leader in our industry while assisting our franchisees in achieving their personal and financial goals through owning and operating a thriving mobile service business.
Our vision is to continue to provide our service, throughout the world with integrity, distinction, and enthusiasm.
Company Founded
1985
Current Leadership
Jesse Johnstone, President
Started Franchising
1987 (34 years)
Total Number of Units
256 (as of 2021)
Part-Time / Full-Time
Full Time
How Much Does It Cost To Open A Fibrenew Franchise?
There are several costs associated with opening a Fibrenew franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Fibrenew franchise. The weekly fee for opening a Fibrenew franchise is Technical Assistance Fee Is Due On The 1St Of Each Month.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Fibrenew Is Renewable) and does the franchise offer financing support (Fibrenew Fibrenew offers no financial support).
Fibrenew Company Details
Here are some additional details about Fibrenew.
| Initial Investment | $47,000 |
| Net Worth Requirement | $100,000 |
| Veteran Incentives | 10% off franchise fee |
| Royalty Fee | $695+/mo. |
| Cash Requirement | $25,000 |
| Term of Agreement | 5 years |
| Absentee Ownership | No |
| Run from Home | Yes |
| Part Time | No |
Training and Support Offered By Fibrenew
Fibrenew offers several support options to its franchisees. With 256 (as of 2021) units, Fibrenew aims to provide support to each franchise owner to help them operate a successful franchise location. Fibrenew offers Varies on the job training, 70 hours classroom training, and Field training, weekly workshops, annual seminars additional training.
Training and Support Offered
Here are the support options offered by Fibrenew.
| On-The-Job Training | Varies |
| Classroom Training | 70 hours |
| Additional Training | Field training, weekly workshops, annual seminars |
| Ongoing Support |
|
| Marketing Support |
|
Is Fibrenew Right For You?
Fibrenew has gone digital! Here are all of the ways you can find Fibrenew online. Oftentimes, you can reach out to current franchisees of Fibrenew online. Current franchisees may be able to offer personalized insights into what it is like owning a Fibrenew franchise and offer tips to running a successful Fibrenew franchise location.
Why Should You Start a Fibrenew Franchise?
Investing in a Home Improvement franchise such as Fibrenew can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Fibrenew franchise and we'll be in touch soon!
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