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Updated RecentlyMiracle Method Surface Restoration vs Fibrenew Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Miracle Method Surface Restoration vs Fibrenew including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $84,500 - $180,000 | $87,812 - $99,452 |
| Franchise Fee | $45,000 - $58,000 | $47,000 |
| Royalty Fee | 5.5% | $695/mo. |
| Advertising Fee | 1.5% | - |
| Year Founded | 1977 | 1985 |
| Year Franchised | 1979 | 1987 |
| Term Of Agreement | 5 years | 5 years |
| Term Of Agreement | 5 years | 5 years |
| Renewal Fee | 5% | - |
Business Experience Requirements |
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| Experience | Highly Motivated and Driven to Succeed. We are selective in who we choose as our franchisees. Our ideal candidates are motivated, able to follow processes & procedures, and can manage a business. Prefer some experience in Management, Sales, Marketing or Customer Service | 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | No/Yes |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | No/Yes | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | We offer our franchisees an unmatched level of support and training. There is no other program like it in the surface refinishing industry. From our initial 20+ days of "immersion training" to our ongoing support, we help you profitably grow your business. On-The-Job Training: 80 hours Classroom Training: 40 hours | 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 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Fibrenew 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 | You will receive startup marketing collateral, including business cards, letterhead, brochures, door hangers, and sales brochures. A customized marketing plan will be developed for your territory and you will have access to Miracle Method's vast arsenal of radio and television commercials, direct mail programs, truck signage, home show materials, display ads, and more. The marketing team will be available to you for advice and direction to keep your advertising and marketing effective and persuasive. In addition, a customized subweb and unique url address will be created for you so customers can find your phone number, email you, request an estimate and read about your particular services. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Ad Templates Social media SEO Website development Email marketing |
| Operations | Franchisees start with a showroom location in their territory and minimum of 2-3 employees. Absentee Ownership Allowed Number of Employees Required to Run: 1 - 6 |
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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | No |
| International Expansion | No | Yes |
Company Overviews
About Miracle Method Surface Restoration
#1 in the Booming Surface Refinishing Industry - the largest footprint in North America!
When buying any franchise, it's smart to join the leader in their respective industry. It's also smart to join an industry with surging customer demand. Miracle Method is in a unique position to offer both of these scenarios to you. No other surface refinisher can match our size, expertise or capabilities.
Miracle Method's unique and affordable refinishing process makes ugly bathtubs, countertops, and tile beautiful again - without replacing. The residential AND commercial demand for our time-saving alternative to replacing old bathroom and kitchen fixtures is skyrocketing.
Proven Demand & Revenue Diversity
We continue to set sales records, including a 70% increase in sales in the last 8 years. Since 1979, over 1,000,000 homeowners and businesses have chosen
Miracle Method for our money-saving alternative to the mess of replacing old bathtubs, countertops, and showers. And the mainstream awareness of our unique product has only just begun!
We have a strong and diverse revenue model:
1) Residential Surface Refinishing: Repairing & refinishing bathtubs, showers, and countertops in homes.
2) Commercial Surface Refinishing: Nearly 40% of our revenue comes from hospitals, universities, hotels, assisted living facilities, and other commercial accounts.
3) Bathing Safety: A complete Bathing Safety offering to the elderly and caregivers alike.
Proven Scalability and Potential
There is no limit to the size or level of success a franchisee can grow their business. Within our franchise network, we have several locations exceeding $1 million in annual sales, and some surpassing $2 million - and they all started with our comparatively small investment of $85-$125K.
If you have the drive and discipline to grow a business, then we want to talk to you. Take the next step - right now!
Veteran Incentives 10% off franchise fee
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#37 in Gator's Top franchises.
In Franchise Business Reviews Top 200.
#163 in Franchise 500 for 2020.
#209 in Franchise 500 for 2021.
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
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In Franchise Business Reviews Top 200.
#275 in Franchise 500 for 2020.
#350 in Franchise 500 for 2021.