Fibrenew is a mobile restoration service for leather, plastic, and vinyl surfaces across several industries. The franchise specializes in repair, re-dyeing, and maintenance for residential, commercial, automotive, aviation, and marine markets.
Key Insights
- Fibrenew began as a specialized repair service, building a foundation on restoring and revitalizing a wide range of materials. Over time, the business expanded its reach and service offerings, establishing a reputation for quality and on-site convenience. This organic growth has shaped the franchise into a recognized leader in its field.
- The franchise operates through a network of independently owned and operated businesses. These franchisees provide mobile repair and restoration services directly to customers, focusing on efficiency and expert craftsmanship. Service is delivered on-site at homes, businesses, and commercial locations, offering a flexible and accessible solution.
- The industry involves the repair and refurbishment of damaged or worn surfaces, addressing issues like tears, burns, and discoloration. This sector serves a broad customer base, including residential, commercial, and automotive clients, who seek cost-effective alternatives to replacement. The demand for such services remains consistent.
Franchise Fee and Costs to Open
Exploring the financial picture of Fibrenew gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $100,595 - $121,825, along with a franchise fee of $47,000 - $47,000.
Financial Performance and Revenue
Training and Resources
Fibrenew provides comprehensive training. New franchisees receive initial training that spans two weeks and is conducted at Fibrenew’s headquarters. The franchisor offers extensive resources and ongoing support to help franchisees establish and grow their businesses. Fibrenew recommends leveraging these tools for success.
Legal Considerations
Legal considerations for a Fibrenew franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Fibrenew franchise involves navigating local market dynamics, including the presence of existing service providers. The business model requires diligent management of operational workflows, from quoting and scheduling to service delivery. Furthermore, maintaining service quality is dependent on consistent access to specialized materials and equipment, requiring attention to supply chain reliability.
Franchise Datasheet
FAQs
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