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Fibrenew

1. Franchise Snapshot

Why this franchise?
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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?
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Prior Visa Franchise Clients?
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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.

2. Franchise Overview

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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.

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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.

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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
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
Franchised
Total Outlets
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
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
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
% of Franchisees with Completed Litigation
Number of Bankruptcies Disclosed
*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

*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.