Fibrenew Okanagan South – CONDITIONALLY SOLD
Fibrenew franchise for sale in Penticton, British Columbia
List Price: $159,000 USD
Key Facts
Seasonal Business
No
Value of Inventory
Upon Inquiry
Value of Assets
Upon Inquiry
Year Established
1991
Business Operates From
My home
Location Is
N/A
Approx. Monthly Rent
N/A
Total Employees
Less than 10
About this Business
Fibrenew South Okanagan’s background and description from the owner, Kelsey Enns:
I purchased this franchise in 2017 as a way out of the forest industry in northern Canada. This business has been a great way of supporting my family and has allowed us to get to know many great people and businesses in the south Okanagan community. We have run this business as a husband and wife team with a brief period of having an employee. We found that we preferred the freedom of working by ourselves.
However, there has never been a shortage of work and the potential for the right person to grow this business is undeniable. We have always loved the Fibrenew brand and the very many awesome people that work in head office as well as the fellow franchisees and will most definitely miss the Fibrenew family.
Before starting my Fibrenew franchise, I worked as a machine operator and truck driver. It was a job that involved operating machinery and transporting goods.
Owning and operating my Fibrenew franchise has brought several positive aspects. One of the best things is the opportunity to meet a diverse range of people and hear their stories. I enjoy connecting with customers and learning about their experiences. Another advantage is the ability to create my own schedule, giving me flexibility and control over my work-life balance.
My family has been involved in supporting my business. My wife has helped with administrative tasks, providing assistance with paperwork, record-keeping, and other organizational responsibilities.
Growth opportunities
One unique aspect of my territory that could be of interest to a new owner is the presence of a mix of marine and RV opportunities. The region boasts numerous large lakes, marinas, camping spots, and RV dealerships. This combination presents a diverse range of potential customers, offering various avenues for business growth and specialization.
Asset Description
2016 Dodge Caravan Wrapped in 2018 - to be negotiated separately
Reason for Selling
This business has great potential to grow in this area, however I have been given an opportunity in another line of work and I do not have the time and energy for both nor to take Fibrenew Okanagan South to the next level
Why I Love My Franchise
This business has been a great way of supporting my family and has allowed us to get to know many great people and businesses in the south Okanagan community. We have run this business as a husband and wife team with a brief period of having an employee. We have always loved the Fibrenew brand and the very many awesome people that work in head office as well as the fellow franchisees and will most definitely miss the Fibrenew family.
About Fibrenew
Fibrenew specializes in the repair, cleaning, re-dyeing, and restoration of leather, vinyl, velour, and plastic materials. The franchise caters to a wide range of clients, including high-end lodges, homes, restaurants, and businesses in need of leather and vinyl work. Fibrenew’s services are versatile, covering homes, vehicles, boats, RVs, planes, hospitals, schools, shopping malls, and more. This flexibility makes it a valuable partner in both residential and commercial settings. The franchise offers significant B2B opportunities, particularly in luxurious lodges and construction companies needing PVC repair. Fibrenew’s expertise in bringing new life to worn-out materials allows it to serve diverse industries effectively.
Franchisee Support
Fibrenew provides 70 hours of classroom training plus on-the-job training as needed, ensuring franchisees are well-prepared. Ongoing corporate support includes operational assistance, proprietary software, a franchisee intranet, newsletters, and meetings/conventions. The franchisor also offers robust marketing support, including national media, SEO, email marketing, social media strategies, and ad templates to help franchisees grow their business.
Brand Accolades & Awards
Fibrenew has consistently ranked on the Entrepreneur Magazine Franchise 500 list since 2017, earning accolades in several categories, including Fastest Growing Franchises, Top Home-Based or Mobile Franchises, and Top Franchises Under $100,000. Additionally, Fibrenew has received recognition from Franchise Business Review, being named a Top Franchise, Recession-Proof Franchise, and Top Culture Franchise. These awards underscore Fibrenew’s strong reputation and appeal to potential franchisees.
Industry / Market
Fibrenew operates within the leather, plastic, and vinyl repair and restoration industry, which is projected to grow from $1.2 billion in 2022 to $1.5 billion by 2027, with a CAGR of 4.5%. Fibrenew’s focus on high-quality repair and restoration services across a broad range of materials sets it apart in this expanding market. The franchise's ability to serve both residential and commercial clients positions it well for sustained growth.
Ideal Owner
The ideal Fibrenew franchise owner is a skilled tradesperson with a passion for restoration and repair services. They should be detail-oriented, customer-focused, and capable of managing a mobile service team. A background in upholstery, leather repair, or related fields is highly beneficial. Strong business management skills and the ability to deliver high-quality service are essential for success in this hands-on franchise. Franchisees must not be color blind to run this business, given the nature of the work.