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Fibrenew

Fibrenew is a "niche market" business refurbishing and re-dyeing all leather and plastic, offering clients a "GREEN" environmental and cost saving alternative to replacing or recovering damaged pieces. Fibrenew supports men and women worldwide into owning and operating a successful home based mobile service business. Fibrenew accomplishes this by encouraging cooperation between our franchises to share their knowledge and experience. We promote education through seminars, workshops and self-directed business and personal studies. Fibrenew strives to be environmentally responsible. Our services prevent thousands of tons of used leathers, plastics, and vinyl from filling our landfills annually.

Franchisor Background

Year Established:

1985

Franchising Since:

1987

Operating Units:
Franchised Units:	198	100%
Company-Owned Units:	0	0%
	______	_____
Total Operating Units:	198	100%

Geographic Distribution:
U.S.:	105	53%	In 32 States
Canada:	72	36.4%	In 10 Canadian Provinces
International:	21	10.6%	In 3 Foreign Countries
	______	_____
Total:	198	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Ontario	25
2. California	15
3. British Columbia	14

Registered in Following Registration States:

California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Virginia, Washington, Wisconsin, District Of Columbia, Alberta

Financial Requirements

Investment:
Minimum Net Worth:	$150,000
Cash Investment:	$70,000
Total Investment:	$$82,000-105,000
Average Total Investment:	$93K

Fees:
Initial Franchise Fee:	$67,000
Average Franchise Fee:	$67K
On-Going Royalty:	$550/mo. starting
Average Royalty:	0%
Advertising Fee:	N/A

Average Number of Employees:

1 Full-time

Space Needs (in square footage):

N/A

Preferred Sites:

Home-based

Other Sites:

Encourage Conversions?

Not Applicable

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Yes

Support and Training

International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	7
Site Selection Assistance?	Not Applicable
Lease Negotiation Assistance?	Not Applicable
Financial Assistance?	Yes, Indirect

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Not Applicable
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees

Training:
1. Calgary, AB Canada	2 Weeks

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	5
General Business Experience:	3
Specific Industry Experience:	1
Formal Education:	1
Psychological Profile:	2
Personal Interview(s):	3

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	7 Year(s)
Term of Renewal Period:	7 Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, ALL except ND, SD, and HI
Canada:	Yes, BC, AB, SK, ON, QC, NS
Overseas:	Yes, Australia

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Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: