Fibrenew Franchise Cost, Revenue & Review 2026
- Investment
- $102K – $122K
- Disclosed sales
- not disclosed
- SBA charge-off
- 22.2%
- on 54 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Fibrenew is a mobile franchise that repairs and restores leather, vinyl, and plastic surfaces, furniture, auto interiors, and more. Franchisees run a van-based, owner-operated service handling on-site repairs for consumer and business clients.
FranchiseVerdict summary · 2026
A FIBRENEW franchise requires a total initial investment of $102K – $122K, including a $47K franchise fee. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. SBA 7(a) loans show a 22.2% charge-off rate across 54 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored2 of 3 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $102K – $122K
- 37th pct Cleaning & Ma…
- Avg gross sales
- N/A
- Royalty
- Flat fee
- Units
- 237
- 74th pct Cleaning & Ma…
- SBA charge-off
- 22.2%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = favorable by >10% vs Cleaning & Maintenance median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $102K – $122K including a $47K franchise fee.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict B (Above average), verdict score 56/100 (higher is better). 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, 2010–2025).
- GROWTHPositive: net +11 franchised outlets in the latest year (27 opened, 16 closed); 2 signed but not yet open (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Fibrenew USA Ltd.
- Parent company
- Fibrenew International Ltd.
- FDD Item 1, page 9 of the 2025 FDD
- Predecessor
- Fibrenew International Ltd.
- Prior franchisor entity
- CEO title
- CEO
- Michael Patrick Wilson
- Incorporated in
- Alberta, Canada
- HQ
- 101 & 105, 220 - 3rd Street N.E., Diamond Valley, Alberta T0L 0H0 Canada
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $5.2M
- vs $5.2M prior year
Overview
About
- CEO
- Michael Patrick Wilson
- Headquarters
- Alberta, Canada
- Founded
- 2005
- FDD year
- 2025
- States available
- 47
Can you afford it, and what does the money buy?
Entry cost runs 34% below the typical cleaning & maintenance franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 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 2025 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
- Top 40% of category vs category
- Liquid capital req'd
- $2K – $3K
- Top 40% of category vs category
- Franchise fee
- $47K – $47K
- Middle of category vs category
- Royalty
- Monthly Technical Assistance Fee of $795/month for new fr…
- Ad fund
- -n/d
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $795 |
| Transfer fee | $32K |
| Renewal fee | $500 |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
FIBRENEW makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one FIBRENEW unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, royalty rate, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System roughly stable (+0.9% 3-year CAGR) with 237 units.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Cleaning & Maintenance medians
How Fibrenew Compares
Category median of published Cleaning & Maintenance brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
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 (3-yr)
- +0.9%
- Net unit change over 3 years
- 3-yr CAGR
- +0.9%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Signed, not yet open
- 2
- 0.01 per open outlet · Item 20 Table 5
- Projected new
- 30
- Franchisor's next-year forecast
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.
Where the owners are · Item 20 owner list
0 current owners across 0 states; 26 former (terminated, transferred or not renewed) listed separately.
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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%
- on 54 loans · 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
- Typical loan rate
- 8.1%
- avg rate to borrowers
- Franchised industry avg
- 17.2%
- brand above franchise avg ↑
- Jobs supported
- 144
- 2.4 per loan
- Lender concentration
- 55%
- top lender's share
Borrower mix: 92% went to startups / new businesses, 8% to established operators
Franchise vs independent — in automotive body, paint, and interior repair and , franchised businesses charge off at 17.2% vs 13.5% for independents — franchising is associated with 27% higher SBA default risk in this category.
Vintage analysis
Fibrenew charge-off rate by loan vintage
Top lenders financing Fibrenew franchisees
Showing 3 of 16 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Fibrenew from SBA 7(a) FOIA data.
- Principal loss rate
- 5.8%
- Avg SBA guarantee
- 80%
- Avg interest rate
- 8.08%
- Avg chargeoff amount
- $89K
- Lender concentration
- 55.1%
- Job velocity
- 2.4 per $100K
- NAICS benchmark
- 8.8%
- NAICS 811121
- Jobs supported
- 144
Top SBA lendersTop lender holds 55% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 27 | $3.7M | 50.0% |
| 2 | Readycap Lending, LLC | 5 | $688K | 0.0% |
| 3 | Stearns Bank National Association | 3 | $217K | 0.0% |
| 4 | Manufacturers and Traders Trust Company | 2 | $182K | 0.0% |
| 5 | BayFirst National Bank | 2 | $360K | 0.0% |
| 6 | KeyBank National Association | 2 | $175K | 0.0% |
| 7 | TD Bank, National Association | 1 | $79K | 0.0% |
| 8 | BankNewport | 1 | $15K | N/A |
| 9 | Midwest Regional Bank | 1 | $102K | 100.0% |
| 10 | The Canandaigua National Bank and Trust Company | 1 | $81K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 8 | 1 | 50.0% |
| INIndiana | 7 | 1 | 20.0% |
| TNTennessee | 6 | 1 | 50.0% |
| OHOhio | 5 | 0 | 0.0% |
| CACalifornia | 3 | 0 | 0.0% |
| NYNew York | 3 | 0 | 0.0% |
| FLFlorida | 2 | 0 | -- |
| GAGeorgia | 2 | 0 | 0.0% |
| MDMaryland | 2 | 0 | -- |
| WAWashington | 2 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
A 22.2% charge-off rate means roughly 1 in 5 franchisees failed to repay their SBA loan. Investigate what changed.
What could kill this investment?
SBA loans charge off at 22.2% — 39% above the 16.0% national norm, i.e. higher lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY ended September 30, 2024 (audited). Total operating revenue comprises technical assistance fees, initial franchise fees, start-up fees, product sales, and other revenue. Statements in U.S. dollars for Fibrenew U.S.A. Ltd.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 56 / 100 verdict
- 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
- 04MEDFixed 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
What are you signing up for?
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 300,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Calgary, Alberta, Canada |
| Jury trial waiver | Yes |
| Governing law | Alberta, Canada |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 0 hrs
- Training location
- Calgary, Alberta or online
- Ongoing training
- Required
- Franchisor financing
- Not offered
- Item 10
- 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
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 makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns FIBRENEW?
FIBRENEW is franchised by Fibrenew USA Ltd.. Its parent company is Fibrenew International Ltd.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the FIBRENEW FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the FIBRENEW FDD and qualifies whose outlets they describe.
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 237 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 B-grade franchise with a verdict score of 56 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.