Fibrenew vs CARSTAR Franchise Comparison

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

Start-Up Costs and Fees
 
Fibrenew Franchise
CARSTAR Franchise
Investment $87,812 - $99,452$298,200 - $804,300
Franchise Fee $47,000$20,000 - $30,000
Royalty Fee $695/mo.1.5%
Advertising Fee -1%
Year Founded 19851989
Year Franchised 19871989
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Fibrenew Franchise
CARSTAR 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		-

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

Training & Support
 
Fibrenew Franchise
CARSTAR 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 On-The-Job Training: 12 hours Classroom Training: 20 hours Additional Training: Regional training, 1-2 days; Ongoing training at franchisee's location as needed
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 Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Ad Templates Social media SEO Website development Email marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
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)

Absentee Ownership Allowed

Number of Employees Required to Run: 8 - 9

Expansion Plans
 
Fibrenew Franchise
CARSTAR Franchise
US Expansion YesYes
Canada Expansion NoYes
International Expansion Yes-

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 CARSTAR

CARSTAR is a champion of the independent collision repair operators, consequently, CARSTAR is the largest automotive collision repair franchise in North America. The well publicized industry dynamitics: declining repair opportunities, acceleration in shops being de-selected from Insurance referral programs, excess repair capacity, increased competition from Multi-Shop Operators and Consolidators, and scarcity of skilled labor, has changed how the Independent Collision Repair Operator needs to conduct business. The CARSTAR Franchise program offers many solutions to these and other issues in which you and your business may be facing. We believe we are the champion for quality Independent shops, providing effective training solutions, staying involved in National and Local Industry Associations and developing sale and marketing programs to help our Franchisees compete in this turbulent market.

CARSTAR leverages the purchasing power of Driven Brands to provide tremendous benefits for our CARSTAR store owners. Nearly 50 corporately managed purchasing programs provide our CARSTAR partners on average $25,000 or more in cost savings and rebates. With larger volume stores easily surpassing that amount in rebates. Store owners also benefit from a national fleet program, top vendor partnerships and support from national service providers.

The total investment necessary to begin operation of a conversion CARSTAR franchise is $23,500 to $165,300. This includes $10,000 to $20,000 that must be paid to the franchisor or affiliate. The total investment necessary to begin operation of a new (ground-up) CARSTAR franchise is $298,200 to $804,300. This includes $10,000 to $20,000 that must be paid to the franchisor or affiliate.

"Top""  "Entrepreneur
#17 in Canada's Top franchises.
#120 in Franchise 500 for 2020.
#164 in Franchise 500 for 2021.