FranchiseVerdict
FIBRENEW logo
FV-00927·STRONGExcellent81

Fibrenew

Cleaning - Commercial & JanitorialFranchising since 2006Website
Investment
$102K – $122K
46th pct Commercial & …
Avg revenue
65th pct Commercial & …
Royalty
Units
237
84th pct Commercial & …
SBA default
0.0%
vs <3% typical

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.
  • Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 84 loans (below the industry average).
  • 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

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one FIBRENEW unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $102K–$122K
Working capital
$
FDD reports $2K–$3K

Unlevered ROIC · per unit

66%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$75K
EBITDA margin
10.0%
Total invested
$114K
Payback
18 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

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

Item 7 · what it costs

The Vitals

Total investment
$102K – $122K
All-in to open one unit
Liquid capital
$2K – $3K
Cash you must have on hand
Franchise fee
$47K
Royalty
$795 per month
Ad fund
n/d

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

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
2024
237+11
Franchised units
2025
226
Franchised units
2026
235
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 20 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 20 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
84
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

51
Risk · 0-100
STRONG51 / 100

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.

Score breakdown · what drove the 51 / 100 rating

  1. 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess ROI or payback period on $102k-$122k investment
  2. 02MEDAnemic unit growth of 4.9% YoY suggests market saturation or franchisee struggles; 237 units is small system with limited brand recognition
  3. 03MINORHigh franchise fee ($47,000) relative to total investment (46%) creates significant upfront cost with no guaranteed revenue transparency
  4. 04HIGHGoing Concern status is False — indicates potential financial distress at franchisor level, raising questions about support and longevity
  5. 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

Territory
Zip Code based
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1.5 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Alberta

Item 11

Training & Operations

Classroom training
70 hrs
On-the-job training
0 hrs
POS system
Proprietary software
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

95 numbers

Locked
(941) 615-••••
FL
(407) 558-••••
FL
(312) 617-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

FIBRENEW · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above