Fibrenew vs Creative Colors Franchise Comparison

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

Start-Up Costs and Fees
 
Fibrenew Franchise
Creative Colors Franchise
Investment $87,812 - $99,452$179,125 - $266,650
Franchise Fee $47,000$49,500
Royalty Fee $695/mo.7.5%
Advertising Fee -1%
Year Founded 19851980
Year Franchised 19871991
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -up to 20% of current fee


Business Experience Requirements
 
Fibrenew Franchise
Creative Colors Franchise
Experience 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
  • General business experience
  • Marketing skills
    		•

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

    Training & Support
     
    Fibrenew Franchise
    Creative Colors 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 Franchisee must participate in an initial training and familiarization course of three weeks duration held in Mokena, IL. You'll learn sales and marketing techniques, financial controls, upholstery coloring, restoration and repair methods, and other administrative and operational aspects of the Creative Colors International business. In addition, a Creative Colors International field representative will spend one week with you in your territory around the time your business commences operations to help you get started. On-The-Job Training: 40+ hours Classroom Training: 120+ hours
    Support 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 As a Creative Colors International franchise owner, you'll receive periodic visits from a trained field representative, who will provide guidance and quality control, and answer any questions you may have. In addition, you will receive a copy of the Creative Colors International Confidential Operations Manual, Training Manual and Employee Manual, which covers the policies and procedures involved in running your business. As the manuals are updated, revisions will be made available to you. And, of course, we'll be only a phone call away for answers to questions that arise during the day-to-day operation of your franchise, as well as having our Intranet available 24/7. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Franchisee Intranet Platform
    Marketing Ad Templates Social media SEO Website development Email marketing Regional advertising
    Operations 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)

    		 Franchise can be run from home.

    20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 4

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

    Expansion Plans
     
    Fibrenew Franchise
    Creative Colors Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    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.











    About Creative Colors

    In 1980, Jim and JoAnn Foster answered an ad in their local paper that described a new technique for dyeing vinyl and leather. The couple bought the license to use the technique in their area and began J&J's Creative Colors. To strengthen their business, the Fosters began researching, practicing and refining various techniques for repairing vinyl, leather and plastic, incorporating them into their business. J&J's worked with automobile, boat and recreational vehicle dealers, making repairs at the dealers' lots. The company began franchising in 1990 under the name Creative Colors International. Now franchisees across the country use the Fosters' techniques to repair the interiors of various vehicles at dealer lots before they are sold.We have a goal to reach 500 units nationwide in US, adding 100 units over next 4 years

    The total investment necessary to begin operation of a single Creative Colors International Franchised Business is $95,125 to $122,250. This includes $84,000 that must be paid to the Franchisor.
    The total investment necessary to begin operation of an Area Development Creative Colors International franchised business is $179,125 to $266,650. This includes $168,000 that must be paid the Franchisor. The fee paid to the Franchisor covers the initial area development fee for 3 Franchised Businesses you will own and operate plus the Start-Up Fee for the 1st Franchised Business you open. For each additional Franchised Business you open, your investment is an additional $44,500 you must pay the franchisor.
    Veteran Incentives  $1,500 off franchise fee

    "Entrepreneur
    #410 in Franchise 500 for 2020.