Resale strategy proves successful in prolonging the lifespan of franchise locations 

Fibrenew, the world’s largest mobile service franchise specializing in the repair, restoration, and renewal of leather, plastic, vinyl, fabric, and upholstery, prides itself on its commitment to franchisees, offering full support to owners starting the moment they first inquire about purchasing a franchise. That support continues throughout the entirety of the lifespan of the owner’s location, even if they choose it’s time to move on to the next stage in their career. As part of its succession strategy, Fibrenew provides a resale program for franchisees looking to sell their territory to a new owner.

Fibrenew assists in finding new prospective franchisees through means of the brand’s online platform, third-party websites, and email blasts, along with helping guide the current owner in advertising locally. Through Fibrenew’s careful selection process, outgoing franchisees can be reassured that the business they worked so hard to build will be going into the caring hands of a new owner who will continue that same progress.

“The goal of a resale is to keep a working franchise running and prolong a location’s lifecycle,” says Denver Dominas, who heads up the resale program with Fibrenew’s Corporate Team. “But with Fibrenew’s promised dedication to our franchisees, we also want to ensure the current owner has our full support as they consider their eventual exit from their investment, and that they will not be left high and dry to figure out what to do with their franchise on their own.”

While the strategy is not unique to Fibrenew, their program has proved successful over the years, with over 40 resales worldwide since 2016.

“Having the ability to offer a resale strategy to our owners proves the brand’s sustainability, especially through times of economic uncertainty,” Dominas said. “Fibrenew works hard to grow our brand with people who are the right fit.”

While some new franchisees have achieved the same level of performance with their location, others have gone on to grow their business, either expanding to multiple territories or within their location. With 300+ locations in operation around the world, Fibrenew remains dedicated to ensuring its franchisees find success in their operations.

Questions about Fibrenew Franchise Resale Territories?
Franchise Consultant, Denver Dominas can be reached via [email protected] or 800.345.2951 x 102

See Current Fibrenew Franchises for Resale:
www.fibrenew.com/current-franchise-territory-resales

Hear About Franchise Resale Experiences with Fibrenew in these Podcasts: 

Meet the author

Jesse Johnstone

As the President of Fibrenew, I have the privilege of working with an exceptionally talented team at Head Office and in the field with our franchisees. Witnessing the achievements of our Franchise Partners in their businesses is a source of deep fulfillment and gratification.