Fibrenew Franchise
Tuesday, April 27, 2010 at 10:13PM Leather, vinyl and plastic restoration and repair service
In 1985 Tom Gallagher founded Fibrenew Industries Ltd., a company that offered customers leather and vinyl repair to its customers in Alberta, Canada. Gallagher's brother-in-law Michael Wilson purchased the first franchise in 1987 and helped the company open its next 20 locations.
Wilson bought the company in 1994, opening up 43 more locations in Canada and 11 in New Zealand. In 1998 Fibrenew International Ltd. was formed.
Fibrenew franchise business owners work from home, doing repairs, restoration and re-dyeing of leather, vinyl and plastic in automobiles, boats, airplanes, homes and businesses.
Start-up Costs & Franchises Fees
What is the total cost to open a Fibrenew Franchises?
Total Cost: $30,000 USD -$50,000 USD
Total Franchise Fees: $30,000 USD -$50,000 USD
Ongoing Royalty Fees: $300/mo.
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Fibrenew
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Fibrenew |
Phone Number: (403)278-7818 |
Fibrenew In the Press
No results at this time.Historical Expansion
In what year did Fibrenew begin operations? 1985
When did Fibrenew begin selling franchises? 1987
Year United States Canada International Corporate 2005 30 70 40 0 2004 24 73 44 2 2003 19 73 44 4 2002 22 72 32 0 2001 15 67 18 2
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Field support and site evaluation
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.1% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes