Fibrenew

Overview

Fibrenew specializes in the restoration of leather, plastic, and vinyl, providing services primarily to the automotive, furniture, and aviation industries. The company offers mobile, low-cost franchise opportunities, making it appealing for entrepreneurs interested in a flexible business model with high demand.

History

Founded in 1987, Fibrenew has grown into a well-established franchise with a strong presence in North America and beyond. The company has expanded its network steadily over the years, driven by the growing need for cost-effective restoration services. The franchise's focus on sustainability and extending the life of consumer products has resonated well with customers and franchisees alike.

Investment Breakdown

The initial investment for a Fibrenew franchise ranges from approximately $101,000 to $121,000. This includes franchise fees, equipment, training, and other start-up costs. Potential franchisees must have a minimum net worth of $100,000 and liquid capital between $15,000 and $25,000. The estimated payback period is around three years, with franchisees expected to earn a net profit of about $37,000 in the first year. As the business grows, profitability can increase significantly (SharpSheets) (DrFranchises).

Industry Snapshot

Fibrenew operates in the restoration and repair industry, which has seen consistent demand due to the cost-effective nature of repairs compared to replacements. The industry benefits from a growing consumer focus on sustainability and reducing waste, aligning with Fibrenew’s services that extend the life of various products. The company has positioned itself well within this market, offering a niche service with broad applications.