Franchise Deep Dive: Fibrenew Franchise Costs, Fees, Profit and Data

With nearly 40 years of experience and more than 300 open locations across the globe, Fibrenew has solidified its reputation as a leader in the leather, plastic and vinyl restoration industry.

By Jeff DwyerStaff Writer

3:15PM • 03/08/24

LAST UPDATED: January 2024
FRANCHISE WEBSITE: https://www.fibrenew.com/franchising/
NUMBER OF LOCATIONS: 300+
REPORTED COST TO GET IN: $97,825 to $111,695
REPORTED ROI (Item 19): N/A

Fibrenew is a mobile-based service franchise that specializes in the repair, restoration and renewal of leather, plastics, vinyl, fabric and upholstery. The brand caters to the automotive, aviation, commercial, marine, medical and residential markets. Fibrenew was founded in 1985 and has developed over the past 38 years into a successful network with hundreds of franchise locations across the globe.

How Many Fibrenew Locations Are There?

As of December 2023, there are more than 300 Fibrenew locations worldwide, including more than 260 in the U.S. and Canada. The brand is currently on track to surpass 500 franchises within the next five years.

What Is Fibrenew’s Business Model?

Fibrenew’s business model is centered around providing mobile services for the repair, restoration and renewal of leather, plastic, vinyl, fabric and upholstery for a wide range of residential and commercial clients. The brand boasts that its certified technicians are able to provide a cost-effective and eco-friendly alternative to the replacement of damaged materials. The brand’s proprietary products and specialized techniques are able to save customers time and money, leading to returning clients and creating a recurring revenue stream.

Additionally, Fibrenew describes its business model as being recession-resistant and flexible, as franchisees are allowed to work from home and set their own schedules.

Franchise owners are not required to have prior industry experience, as Fibrenew provides comprehensive training and support, including technical training, business development and ongoing support. Fibrenew lists the following benefits to operating one of its franchises:

Affordable to start and quick to scale
Demand for its services are everywhere and never going away
No limit to growing the business

How Much Can Fibrenew Franchise Owners Make?

Fibrenew does not have a publicly available Item 19. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.

How Much Does It Cost To Open a Fibrenew Franchise?

As of the publishing of this story, the initial investment required to open a Fibrenew franchise ranges from $97,825 to $111,695. This investment is broken down into the following costs:

Franchise Fee: $45,000
Equipment, Tools and Products: $15,000
Vehicle: Varies
Marketing Launch Program: $10,000
Travel and Living Expenses while Training: $2,500 to $5,000
Additional Funds (3 months): $10,000 to $20,000

What Is the Franchise Fee for Fibrenew?

The franchise fee required to open a Fibrenew franchise is $45,000. Interested candidates must also have a minimum net worth of at least $100,000.

Who’s On Fibrenew’s Leadership Team?

What Helpful Articles Can I Read to Learn More About Fibrenew?

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.