HomePros vs Fibrenew Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomePros vs Fibrenew including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
HomePros Franchise
Fibrenew Franchise
Investment $101,285 - $143,475$87,812 - $99,452
Franchise Fee $19,500$47,000
Royalty Fee 7%$695/mo.
Advertising Fee --
Year Founded 20011985
Year Franchised 20021987
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee --


Business Experience Requirements
 
HomePros Franchise
Fibrenew Franchise
Experience
  • Industry experience
  • General business experience
  • Basic home repair skills
    		• Fibrenew franchisees come from all walks of life. The diversity of backgrounds and past careers is widely varied, including: Engineer, Sales Executive, Teacher, Stock Broker, Military, Chemist, Printing Industry, Insurance, Manufacturing, Rocket Scientist, Painting, Mechanic, Truck Driver, IT / Networking, Accounting, Golf Pro, Pilot, Much more...
    Even with this diversity, there are a few criteria that franchise owners must meet:
    - Can not be color blind
    - Enjoys working with their hands
    - Confidence with relationship & networking sales
    - Physically fit as lifting furniture may be required
    - Is trainable and coach-able

    Financing Options
     
    HomePros Franchise
    Fibrenew Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    HomePros Franchise
    Fibrenew Franchise
    Training -You will be trained at our Calgary, AB training center. The 2 week training session is conducted by seasoned technicians who have all owned and operated their own Fibrenew Franchise. All told, our instructors have over over 50 years of combined knowledge. The training center is set up to facilitate hands-on instruction and practice of the many techniques our technicians use in the field everyday, including: * repair techniques * color identification * material identification * business operations * marketing and sales * communications On-The-Job Training: 12 weeks Classroom Training: 80+ hours
    Support Newsletter, Meetings, Grand opening, Internet, Field operations/evaluationsFibrenew offers live training and meetings on a regular basis and requires all franchise owners to attend. Besides their educational value, these conventions, seminars and workshops offer everyone an opportunity to meet, network and share valuable business experiences. Our dedicated support staff provides our franchisees with expert field assistance, whether it be a question with a repair, color matching, products, business operations or administration. All support technicians are past or present franchisees who have 'walked a mile' as Fibrenew repair technicians and business owners. We are here to help by phone, live video feed, email and/or our online Technical Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicksAd Templates Social media SEO Website development Email marketing
    Operations Franchise can be run from home.

    28% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		 Franchise can be run from home.

    1% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    HomePros Franchise
    Fibrenew Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About HomePros

    HomePros Corporation offers professional home improvement and repair services to the general public. HomePros specializes in small to medium sized construction projects and is engaged in the refurbishment of distressed residential real estate.

    About Fibrenew

    Our mission is to remain as the worldwide leader in leather, plastic and vinyl restoration and repair, while assisting our franchisees in achieving their personal and financial goals through owning and operating a thriving business.
    Our vision is to provide our service, throughout the world with integrity, distinction, and enthusiasm.
    Fibrenew continues to implement systems designed to improve every aspect of what we do, and how we do it. We are committed to providing advanced training, support and the opportunity of growth for every franchise owner.

    Franchising Opportunities Available in USA, Canada, Australia, New Zealand & Mexico.

    Veteran incentives: 10% off franchise fee



    "Vet  ""   "Entrepreneur  

    In Franchise Business Reviews Top 200.
    #275 in Franchise 500 for 2020.
    #350 in Franchise 500 for 2021.