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|Liquid Capital Required:||$15,000 - $25,000|
|Net Worth Required:||$200,000|
|Total Investment:||$93,250 - $104,800|
|Royalty Type:||695/month USA*, $790 or $860/month Canada*|
|Financing:||Via 3rd party|
|Incorporated Name:||FIBRENEW USA LTD.|
|Home Office:||Black Diamond, Alberta|
This home-based business specializes in leather, plastic, and vinyl repair as well as re-dyeing of those materials plus carpeting and fabrics. This makes it focused enough so that every aspect can be learned quickly and easily by dedicated entrepreneurs, but versatile enough so the business will thrive in any environment and can withstand any economic climate downturn.
There will always be a need for skilled repair people for both professional and personal clients. If there is a hole or rip that needs sealing, a stain that needs removal or covering, or any other malady that might befall everything from car interiors, boats, business offices and homes, there are thousands of potential opportunities in every neighborhood for a Fibrenew operator.
Values & History
Tom Gallagher founded the company in 1985 in Alberta, Canada, repairing leather and vinyl repair to local customers throughout the city. His brother-in-law Michael Wilson opened the first franchise in 1987, then bought the company outright in 1994. By 1996 he had expanded into New Zealand, first reaching the USA in 1999.
The company prides itself on its low overhead for every franchise, with a special kit of 200 tools that Fibrenew specialists will love using. Fibrenew is serious about being the best in the business in this industry and takes great pride in assisting every franchisee learn all of the skills to make their business operation flow.
Ranked #275 in the Franchise 500 listing, Fibrenew has been consistent in terms of both individual franchise success stories and the company for 35 years. It's hard to find a competitor in this field that has been involved for this long and has expanded globally at a steady expansion rate.
What has helped the business thrive is that no machine has yet been invented that can replace the careful work that a live human being can do. Often, this kind of work needs a careful eye, and is delicate. Customers prefer to hire a skilled technician with a recognizable brand name over trying to use some contraption themselves to get the job done.
Purchasing a Fibrenew Franchise
Each Fibrenew franchise has the option of being a small, one-person operation or a multi-faceted team. The diversity of the scope of the business is appealing to entrepreneurs who tend to have their own concepts of what will make the vocation of professional repair in their territory thrive. There is a wide range of customers in every area. Almost every business has a need for repair or restoration. From hospitals to boat and car owners, to carpet restoration in every home and office, its unlimited.
In addition to having a 200- piece tool kit that is specific to this business available, the company assists franchisees with marketing assistance, including a free website and social media support.
We also provide each franchisee with an iPad loaded with our special applications for managing the business and with added instruction.
Ideal Candidate & Qualifications
Successful Fibrenew professionals are hard working technicians who look to perfect the craft of repair and restoration. If you like working with your hands, and you are a savvy competitor when it comes to marketing and advertising, then Fibrenew would like to discuss a franchise opportunity with you.
We do have entrepreneurs who run the business side of the franchise while hiring or sub-contracting professional repair workers. As long as the techniques utilized by those on the job compare favorably with the Fibrenew techniques and high standards, then that is another way to run a successful enterprise.
Training & Support
We have up to eight months of on-the-job training that includes approximately 70 hours inside the classroom. We will ensure that you have all the know-how to repair and restore at a high level. You will learn all the options. Everything our seasoned veterans can do you'll be able to also. We'll provide you with our marketing and advertising campaign know-how, and help you target businesses in your area that are the likeliest customers to make great profit margins, and still feel good about helping people who genuinely need this service.
We don't just give up on our franchisees. Once you join Fibrenew we'll be there to give you advice, education, and assistance whenever you need it.