Fibrenew Franchise Costs and Requirements 2024 | Top Franchise Under $150k

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About Fibrenew


Liquid Capital: $75,000

Net Worth Requirement: $200,000

Franchise Fees: $47,000

Royalty: No Data

Training and Support: Available

Home Office: Black Diamond, Alberta Canada

CEO: Michael Patrick Wilson

Fibrenew

Investement Range $100,595 - $120,595


Fibrenew Franchise 2024

Fibrenew is a leading franchise specializing in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery. The company has built a diversified service business, thriving through every rise and fall of the economy since its inception in 1985. Franchisees benefit from owning and operating a thriving mobile service business, which helps them achieve their personal and financial goals.

Fibrenew Franchise Cost: Investment Range $100,595 - $120,595

Fibrenew is a market leader in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery. With a strong presence in the industry since 1987, Fibrenew has developed a vast network of franchisees who are dedicated to providing high-quality and eco-friendly restoration services. The fibrenew franchise cost includes various financial requirements such as franchise fees, minimum cash required, and total investment range. The franchise fee is a part of the initial investment and ongoing fees associated with starting a Fibrenew franchise. Additionally, franchisees are required to pay a technical assistance fee, which is not less than $795 per month and increases annually, though it is waived for the first six months of operation for new franchisees. This franchise offers a unique business opportunity in a niche market, focusing on saving time, money, and the environment by restoring items to their original condition rather than replacing them.

Why Choose Fibrenew?

  • Extensive Market Reach: Fibrenew is a well-established name with over 260 franchise locations around the globe. Specializing in a wide range of markets including automotive, aviation, commercial, marine, medical, and residential, Fibrenew has a diverse income stream that ensures stability and growth.

  • Eco-Friendly Business Model: Emphasizing sustainability, Fibrenew helps save countless items from ending up in landfills each year. The business model is built around providing a cost-effective alternative to replacement, which is quicker and less wasteful.

  • Recession-Resistant: With a history of thriving through various economic conditions, Fibrenew has proven its resilience. The demand for its services remains consistent, making it a stable business investment.

  • Proven Business System: Fibrenew offers a home-based, mobile operation which eliminates the need for brick-and-mortar expenses, enhancing potential profit margins. This scalable business can grow from an owner/operator model to include additional family members or technicians.

  • Innovative Products and Services: The franchise uses over 200 proprietary items that meet stringent quality standards, including FAA burn testing criteria and EPA standards for low VOCs. Their continual product refinement and development demonstrate their commitment to staying at the forefront of the industry.

  • Ongoing Support: Fibrenew provides comprehensive training and ongoing support for their franchisees, offering resources, tools, and a dedicated commitment to always support their franchise partners.

Ideal Franchisee Profile

Fibrenew is looking for entrepreneurs who are driven, eager to learn, and passionate about providing high-quality restoration services. Ideal candidates should have:

  • A Strong Desire to Work with Hands: Enjoy performing detailed, meticulous work that restores and transforms the look and feel of various materials.

  • Business Acumen: Possess the ability to manage and grow a business effectively, utilizing Fibrenew’s proven systems and support.

  • Excellent Customer Service Skills: Committed to providing top-notch service and building strong, lasting relationships with customers.

  • Eco-Conscious Mindset: Passionate about contributing to environmental sustainability and reducing waste.

  • With the financial capacity to invest in the franchise, including a net worth of at least $200,000 and liquid capital of $75,000.

 

Searching for more information? Download the 2024 Fibrenew Franchise Disclosure Document FDD below.

Fibrenew FDD 2024

 

 

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Ready to get started?
Chat with one of our expert consultants to discover:

  • Insights from current franchise owners
  • What to expect in terms of ROI
  • Smart financing strategies tailored for this franchise

 

Schedule a Free 15 min call

 

This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by the franchise only in a state if first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if provided with an appropriate franchise disclosure document.

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