Fibrenew Named a Top Recession-Proof Business for 2022 by Franchise Business Review
Fibrenew, the world’s largest Leather, Plastic, and Vinyl restoration franchise, was recently named a top franchise by Franchise Business Review in its report on the Top Recession-Proof Franchises for 2022. With over 300 locations in six countries, a solid foundation and history that dates back to 1985, an expertly crafted proprietary product line, and exclusive color-matching technology, Fibrenew is well-equipped to succeed through the rise and fall of the world economy in the months and years to come.
Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.
More than 32,000 franchisees representing over 300 franchise brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. From the research, Fibrenew was one of just 100 franchise brands to be identified as a Top Recession-Proof Franchise award winner and be featured on the list of the best recession-proof businesses to start.
Fibrenew’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, and financial opportunity.
“While no business is 100% recession-proof, Fibrenew has demonstrated that they are highly recession-resistant based on historical performance,” said Eric Stites, CEO of Franchise Business Review. “For people seeking to be their own boss, the Top 100 Recession-Proof businesses we identified this year not only have outstanding satisfaction among their owners—one of the most important factors to consider before investing in any franchise opportunity—but they have performed well in good times and bad and we feel they hold a strong advantage to outperform their competitors in the years ahead.”
Fibrenew’s survey data also showed the following satisfaction levels from Franchise Partners:
- 84% with Training and Support
- 87% with Products and Services
- 85% with Innovation
- 86% with Team Culture
- 87% with Level of Trust
- 90% with Level of Respect
- 89% with Level of Honesty & Integrity
- 86% with Overall Enjoyment
- 90% of Franchisees Recommend the Business to Others
“We are very appreciative of the nod from the team FBR as being ranked a top franchise in the Recession-Proof category,” says Fibrenew’s President, Jesse Johnstone. “In these times of great uncertainty, business investors have the threat of a recession on their minds. There have been so many ups and downs in world markets and major world events that have affected daily lives lately – not to mention the mass movement of people quitting their jobs to strike out on their own. Fibrenew has weathered every boom and bust cycle of the past 35+ years and we have never stopped growing. There is always a need for our services and that’s a big part of what makes our opportunity a sound choice for those seeking to start a new business”
Fibrenew’s Growth Over Every Rise & Fall of the Economy Since 1985:
Fibrenew is a leading mobile service franchise that specializes in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery. With a rich history that dates back to 1985, Fibrenew manufactures a highly-specialized proprietary product line and has pioneered the repair techniques and exclusive color matching technology used by its technicians every day.
With 296 franchise locations and 375 technicians across the USA, Canada, Mexico, Chile, New Zealand and Saudi Arabia, the company’s eco-friendly restoration services save customers time and money by offering an alternative to replacing their damaged couches and chairs, car and marine components, commercial furniture and more. For more information about Fibrenew franchise opportunities, visit www.fibrenew.com/franchising
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,100 leading franchise companies. To read our publications, visit franchisebusinessreview.com/page/publications/. To learn more about FBR’s research, please visit www.FranchiseBusinessReview.com.