FibrenewFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A FIBRENEW franchise requires a total initial investment of $102K – $122K, including a $47K franchise fee. The 2026 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 22.2% charge-off rate across 54 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $102K – $122K
- 35th pct Cleaning & Ma…
- Avg gross sales
- N/A
- 56th pct Cleaning & Ma…
- Royalty
- N/A
- Units
- 237
- 73rd pct Cleaning & Ma…
- SBA default
- 22.2%
- system-wide median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = >15% above Cleaning & Maintenance avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
22.2% of SBA loans charged off across 54 loans, above the 16% franchise average.
Bottom line
- Total investment $102K – $122K including a $47K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 97/100. SBA loan charge-off rate of 22.2% across 54 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- FIBRENEW USA LTD.
- Parent company
- Fibrenew International Ltd.
- Incorporated in
- Alberta
- HQ
- 101 & 105, 220 - 3rd Street N.E., Diamond Valley, Alberta T0L 0H0 Canada
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $5.2M
- vs $5.4M prior year
Overview
About
Fibrenew franchisees operate mobile or location-based services repairing and restoring leather, vinyl, plastic, and fabric surfaces (furniture, car interiors, etc.). Day-to-day work involves traveling to client sites or managing a storefront, performing hands-on repair work, managing customer scheduling, handling materials inventory, and building local B2B/B2C client relationships.
- CEO
- Michael Patrick Wilson
- Founded
- 2005
- FDD year
- 2026
- States available
- 47
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $47K | $47K |
| Working capital (3–6 mo) | $2K | $3K |
| Equipment, build-out, other | $54K | $73K |
| Total initial investment | $102K | $122K |
Source: FIBRENEW 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $102K – $122K
- Better than avg vs category
- Liquid capital req'd
- $2K – $3K
- Better than avg vs category
- Franchise fee
- $47K – $47K
- Better than avg vs category
- Royalty
- $795 per month
- Ad fund
- -n/d
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $795 |
| Transfer fee | $32K |
| Renewal fee | $500 |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Cleaning & Maintenance averages
How Fibrenew Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 237
- Opened
- 27
- Last reporting year
- Closed
- 16
- Turnover rate
- 6.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +4.9%
- Net unit change last year
- 3-yr CAGR
- +0.9%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 10
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 54
- Loan volume
- $6.5M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 22.2%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 77.8%
- 5-yr charge-off
- 40.0%
- Loans approved 2021+
- Active lenders
- 16
- Defaults
- 4
Vintage analysis
Fibrenew charge-off rate by loan vintage
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Fibrenew's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 12-year lending trend
Instant access. No subscription.
A 22.2% charge-off rate means roughly 1 in 5 franchisees failed to repay their SBA loan. Investigate what changed.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Fibrenew presents meaningful caution-level risk due to undisclosed financials, slow growth trajectory, potential franchisor financial instability, and a capital-heavy fee structure relative to a small franchise network.
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 97 / 100 rating
- 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess ROI or payback period on $102k-$122k investment
- 02MEDAnemic unit growth of 4.9% YoY suggests market saturation or franchisee struggles; 237 units is small system with limited brand recognition
- 03MINORHigh franchise fee ($47,000) relative to total investment (46%) creates significant upfront cost with no guaranteed revenue transparency
- 04HIGHGoing Concern status is False — indicates potential financial distress at franchisor level, raising questions about support and longevity
- 05MEDFixed monthly royalty of $795 regardless of revenue creates cash flow risk during slow months; no incentive structure disclosed
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Zip Code based |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1.5 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Alberta |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 0 hrs
- POS system
- Proprietary software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Proprietary software
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
FIBRENEW · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a FIBRENEW franchise?
The total investment to open a FIBRENEW franchise ranges from $102K – $122K, with an initial franchise fee of $47K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do FIBRENEW franchise owners earn?
FIBRENEW does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is FIBRENEW's franchise failure rate?
Based on SBA 7(a) loan data, FIBRENEW has a charge-off rate of 22.2% across 54 loans, meaning 22.2% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many FIBRENEW franchise locations are there?
As of their most recent FDD filing, FIBRENEW has 237 total units in the United States, including 235 franchised units and 0 company-owned units. 27 new units were opened in the latest reporting year.
Is FIBRENEW a good franchise to buy?
FranchiseVerdict rates FIBRENEW as a F-grade franchise with a risk score of 97 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.