Business Licenses / Permits
connect-item
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As arranged

Fibrenew

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our Take
5. Additional Resources

1. Franchise Snapshot

Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Maintenance, Repair, & Restoration
Investment Range
$100,595 - $121,825
Total US Locations
226
Franchise Units
226
Founding Year
1985
Started Offering Franchises
1985
Management Capacity
Owner Operator
Job Count
3
Prior E2 Investors?
Prior Visa Franchise Clients?
Royalty Fee
N/A
Marketing Fee
N/A
Franchise Fee
$47,000
Headquarters (City, State)
Diamond Valley, N/A
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

*Information presented in these videos may change over time and may not reflect the most current franchise offering. Prospective franchisees should review the latest Franchise Disclosure Document (FDD) and consult directly with the franchisor for updated information.

2. Franchise Overview

Reports - Elements Webflow Library - BRIX Templates
Overview

Fibrenew is a mobile service franchise with 303 locations that specializes in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery. With a rich history that dates back to 1985, they manufacture a highly specialized proprietary product line and have pioneered the repair techniques and exclusive color matching technology that their technicians use every day. Their products, techniques, and color matching technology are what sets them apart and what has made them a leader in their industry. Fibrenew's restoration services save their customers both time and money by offering an alternative to replacing their damaged couches and chairs, car and marine components, commercial furniture, and more. Their 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, their services help prevent thousands of items from ending up in landfills each year which helps preserve mother nature.

Users - Elements Webflow Library - BRIX Templates
Management team / founders

Fibrenew was founded in 1985 and since its inception has never stopped growing. Their 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 operate and grow their businesses in order to provide for their families, build personal wealth and have fun along the way. Fibrenew's mission is to provide their service throughout the world with integrity, distinction, and enthusiasm. They offer a highly experienced and engaged team that will assist franchisees in esuring their utmost success.

Password - Elements Webflow Library - BRIX Templates
Focus of owner for daily business operations

As a Fibrenew Franchisee, the main facets of the business entail: 1. Selling and marketing of restoration services; 2. Management and hiring of staff; 3. Scheduling of staff to match restoration contracts; 4. Review of financials

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
N/A
6%
6%
Marketing Fee
Franchise Fee
$47,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$47,000
4 weeks prior to training, when signing the Franchise Agreement
Start-Up Fee
$42,000
4 weeks prior to training, when signing the Franchise Agreement
Liability Insurance
$800
$2,355
As arranged
Vehicle Insurance
$800
$3,975
As arranged
Organizational Expenses
$250
$5,150
As arranged
Training / Travel Expenses
$0
$2,750
As arranged
Office & Miscellaneous Equipment
$495
$750
As arranged
Work Vehicle with Fuel
$2,400
$5,560
As arranged
Vehicle Signs
$4,000
$6,960
As arranged
Internet and Wireless Access
$600
$1,000
As arranged
Business Licenses / Permits
$50
$550
As arranged
Office or Storage Area
Unable to estimate
As arranged
Internet Marketing
$1,200
As arranged
Additional Funds
$1,000
$2,575
As arranged
Total Investment
$100,595
$121,825
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
N/A
2022
204
228
+24
Franchised
2023
228
235
+7
N/A
2024
235
226
-9
N/A
2022
0
0
0
Company-Owned
2023
0
0
0
N/A
2024
0
0
0
N/A
2022
204
228
+24
Total Outlets
2023
228
235
+7
N/A
2024
235
226
-9
Net Unit Growth (Recent year)
Net Unit Growth (Recent 3 years)
Franchise Health Metrics
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
Fibrenew
Industry median
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
10 Year Cumulative Defaults
3 Year Predicted Default Rate
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information, if disclosed by the franchisor.
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

Fibrenew is a leader in their industry and continuously and rapidly growing due to the different solutions they offer that many competitors are not able to service. In terms of low investment, operationally simplistic businesses, Fibrenew is a solid option that offers the franchisee the ability to scale through more services. The franchise business model has been proven in over 25 years of operation. The franchisor provides support in all facets of the business, from training to obtaining clients.