Fibrenew Manhattan Central – CONDITIONALLY SOLD
Fibrenew franchise for sale in Bloomfield, New Jersey
List Price: $89,000 USD
Key Facts
Annual Gross Revenue
N/A (undeveloped)
Cash Flow
Upon Inquiry
Seasonal Business
No
Value of Inventory
Upon Inquiry
Value of Assets
Upon Inquiry
Year Established
2013
Business Operates From
My home
Location Is
N/A
Approx. Monthly Rent
N/A
Total Employees
Less than 10
About this Business
Fibrenew Manhattan Central background and description from the owner, Saul Shapiro:
Fibrenew Manhattan Central is different when compared to most other Fibrenew Franchises.
While many of our franchisees work in large geographical territories, requiring smart planning regarding travel time, Central Manhattan is condensed into a small area with many skyscrapers–that includes many apartments and businesses from which to find work.
Because of this, the current owner has run his entire operation using only his bicycle. This impressive and unique approach has gained the franchise a lot of publicity in various magazines and publications. Of course, running the franchise from a bicycle is not a requirement, but an advantage in that this territory has been put on the map for positive and memorable reasons.
Despite being in a high-cost area, the current owner has maintained low overhead costs without needing a vehicle or brick-and-mortar shop. This low overhead combined with the opportunity to command premium prices thanks to a high average income makes for incredible ongoing net earning potential in this territory.
The primary market served is high-end residential furniture restoration, with some commercial restaurant and office work as well. This leaves plenty of room to explore and penetrate different avenues of business.
The current owner is approaching retirement and is excited to pass the torch and see what the next proud Fibrenew Manhattan Central owner will do to further grow the business.
Growth opportunities
The primary market served is high-end residential furniture restoration, with some commercial restaurant and office work as well. This leaves plenty of room to explore and penetrate different avenues of business.
Reason for Selling
Achieving retirement goals. After over a decade in operation, the franchise has successfully supported my family. Ready to retire this year
Why I Love My Franchise
While many of our franchisees work in large geographical territories, requiring smart planning regarding travel time, Central Manhattan is condensed into a small area with many skyscrapers–that includes many apartments and businesses from which to find work.
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.