Fibrenew Growth Accelerates in Second Quarter as Recession-Proof Business Model Continues to Attract Investors
Mobile leather, plastic, vinyl, fabric and upholstery repair franchise adds 13 new franchisees in Q2
BLACK DIAMOND, Alta., July 12, 2022 /PRNewswire/ — After a strong start to the year, Fibrenew, the leading mobile service franchise specializing in the repair, restoration and renewal of leather, plastic, vinyl, fabric and upholstery, continues to grow despite fears of an impending recession. At the end of the second quarter, Fibrenew added a total of 13 franchises to its system in 9 states and 2 Canadian provinces, bringing the brand closer to the exciting milestone of 300 locations open and operational worldwide. The brand was also named to Franchise Business Review’s “100 Best Recession-Proof Companies” list for its outstanding satisfaction with training and support, products and services, and overall enjoyment of its franchisees.
Fibrenew’s supportive culture among franchisees is characterized by high levels of trust, respect and honesty. The relationship between the franchisor and the franchisees is the driving force behind the increase in the number of new franchisees in the second quarter. With 296 locations worldwide and nearly 40 years of history, Fibrenew is well-equipped to succeed through the rise and fall of the global economy, with the ability to outperform its competitors in the years to come.
“In these times of great uncertainty, commercial investors have in mind the threat of a recession,” said the president of Fibrenew, Jesse Johnson. “Fibrenew has weathered all the ups and downs over the past 35 years and we have never stopped growing. There is always a need for our services and that is a big part of what makes our opportunity a solid choice for anyone looking to start a new business.”
In an era of skyrocketing inflation, many homeowners are looking for ways to extend the life of their furniture. Extensive hands-on training gives Fibrenew technicians the skills to repair blemishes and tears in leather and lightweight upholstery, making furniture look “like new” rather than spending money on expensive new furniture. Not only are these repairs cost-effective, they prevent landfills from becoming overcrowded with furniture that could otherwise have been salvaged, earning Fibrenew the title of Entrepreneur magazine’s Top 5 Green Franchises.
Looking to the second half of the year, Fibrenew expects to surpass 300 international sites by the end of the third quarter with 9 deals already confirmed for the quarter, with more to come. Fibrenew will host its international convention to celebrate growth and recognize outstanding performance by franchisees in Nashville in September 2022.
Fibrenew is a leading mobile service franchise specializing in the repair, restoration and renewal of leather, plastic, vinyl, fabric and upholstery. With a rich history dating back to 1985, Fibrenew manufactures a line of highly specialized proprietary products and pioneered the repair techniques and proprietary color matching technology used by its technicians every day. With over 290 franchises and over 350 technicians across the UNITED STATES, Canada, Mexico, Chile, New Zealand and Saudi Arabia, the company’s green restoration services save customers time and money by providing an alternative to replacing damaged sofas and chairs, automotive and marine components, commercial furniture and more. For more information on Fibrenew franchise opportunities, visit https://www.fibrenew.com/franchising/.
Media Contact: Meg Ryan, Fishman Public Relations: (847) 945-1300 ext. 264, [email protected]
SOURCE Fibrenew International