(3 minute read) Fibrenew is a niche service mobile franchise business that specializes in the restoration of leather, plastic and vinyl in the automotive, aviation, commercial, marine, medical and residential markets.
To know and understand the unique culture at Fibrenew is to get inside the mind of CEO, Micheal Wilson. In this sit down interview, he answers questions about his background, Fibrenew’s inception, where the company is today and where it’s headed.
Tell us about the Fibrenew franchise concept.
Michael Wilson: We are a mobile operation that specializes in the restoration of damaged leather, plastic and vinyl. What makes us unique is that we are not a reupholstery service. Our products and techniques have our technicians repair holes, cracks, fades, stains, burns, etc. on any type of leather, plastic or vinyl ‘in situ’. This means that we repair the damaged items without having to remove them. It could be on furniture in a home, office or hotel, it could be on a vehicle’s seats, armrests, dashboard or panels, it could be leather, plastic or vinyl in a boat or plane, it could be medical exam tables or gym equipment, etc. We repair it on location and at a fraction of the cost of replacement.
How and when did you become involved with Fibrenew franchise?
MW: The previous owners of the company were just starting to franchise the concept and I had recently lost my construction company because of the devastating recession that had just happened. In a round about way, I bought my franchise out of an act of desperation – and I’m sure glad I did! It turned out to be one of the best business decisions I’ve ever made. My wife and I then had the opportunity to purchase the entire company in 1994. It was shortly thereafter that we pushed hard to expand the business across Canada, into New Zealand, USA, Mexico and Australia. I was the first franchisee, and today, we now have more than 230 locations in 5 countries around the world.
What was your background prior to joining Fibrenew?
MW: I’ve lived a very interesting life. I was born in New Zealand and grew up there spending most of my youth hiking in the southern alps and surfing the local beaches. After leaving New Zealand I spent 2 years in the outback of Australia, and 3 years in the Canadian High Arctic where I worked as a surveyor. I was an international yachtsman sailing my own boat, which I built in England, and other people’s boats around the world. I was a yacht builder and then I became a house builder, (now I am a company builder). I had my own construction company in Calgary just before I bought the Fibrenew franchise. I operated my own franchise for 7 years before purchasing the entire company and franchising it around the world.
What are some of the advantages in being a Fibrenew franchisee?
MW: The ability to generate a great income and if you work hard and stay focused on growing your business, a great income. I think the fact that we run a flat rate royalty system is a big advantage in the eyes of franchisees as well. This means that you really are your boss because there is no financial reporting, no red tape, etc. You you free to make as much or as little as you wish and you are charged the same rate. We are here to support you and guide you, but ultimately you are in control of your success. Another advantage is the fact that in most markets there is little to no competition. We are an extremely niche business and our franchisees appreciate that.
Who is your ideal franchisee?
MW: There are a few ‘hard-set’ criteria meaning that first, you have to be able to distinguish colour adequately. Matching colour is at the heart of out repair process so this is a must. Secondly, you should like working with your hands and using tools to a certain degree. Third, you can’t be afraid to talk to potential customers about how you can help them. Some call this ‘selling’ but it’s really just having a conversation with your neighbour, your kid’s coach, local business owners, etc. about what you do as a Fibrenew technician. The thing is, everyone has leather, plastic or vinyl in their home, vehicle or place of business. That means there’s a never ending list of people who will need your services. You just have to let them know what you do and how you can help them. Prior business experience is a nice to have but it’s not a show stopper. We will teach you those skills. Our business model and programs have been developed over the past 28+ years – it’s very refined and we know it works. If you stick to our template, there is a very good chance you’ll succeed.
Tell us a little about the Leather, Plastic and Vinyl Restoration Market?
MW: Simply put; the potential our franchisees have in their local markets is near limitless. Leather, plastic and vinyl can be found in homes, offices, planes, boats, medical clinics, hospitals, schools, bars and restaurants, cars, trucks, buses, trains, hotels and on and on. Inevitably, all this material becomes damaged and the cost of replacement can be astronomical in some cases. That’s where we help. Not only is our service more economical than full replacement, the turn around time can be faster as well – we save our customers time and money. That’s why they love us so much and are quick to refer us to their friends.
Click here for more of the interview of Michael Wilson – Fibrenew CEO!
Leather Franchise Business Opportunity 