Fibrenew is one of the leanest franchise resales you'll find — a mobile leather, plastic and vinyl restoration business built around a single technician, a fully equipped van, and a set of recurring B2B accounts with car dealerships, furniture retailers, and marine or aviation clients. With little or no leased premises to assign, the resale turns almost entirely on the franchisor's consent, the technician's trained colour-matching skill set, and whether those referral accounts genuinely transfer to a new operator.
Fibrenew resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.
Getting approved
The offer is conditioned on franchisor consent and a review of the unit's recurring B2B accounts — the dealerships, furniture retailers and other referral relationships that generate repeat work.
1–2 weeks†The Fibrenew system reviews the incoming owner's background and financial standing, and typically holds a right of first refusal it can exercise before consenting to the transfer.
3–5 weeks†Arthur Wishart Act disclosure may still be required even for a small, single-operator resale — courts read the resale exemption narrowly, so we confirm early whether it applies here rather than assuming a smaller deal is automatically exempt.
runs alongside consent†Getting to closing
Since most Fibrenew units run mobile — from a home office and a van rather than a leased storefront — this step is really about confirming the service territory and any equipment (van, colour-matching tools) rather than a lease assignment.
1–3 weeks†Franchisor-run technical training on the colour-matching and repair systems runs alongside personally introducing the buyer to the unit's key B2B accounts, since those relationships are typically built on the individual technician's reputation.
2–4 weeks†Funds, the franchise agreement, and the van and equipment change hands, ideally with the seller available for a short account-introduction period.
1 day, once conditions are met†CFA listing confirms an active Canadian franchise network, CFA member since 2015, mobile leather/plastic/vinyl restoration.
Ontario mobile technicians within its Canadian franchise network.
This is the first real decision in a Fibrenew resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.
| Question | Asset purchase | Share purchase |
|---|---|---|
| What you buy | The service van, colour-matching and repair equipment, B2B account relationships, goodwill and the franchise agreement. | The shares of the corporation that holds the franchise agreement, including its history and existing liabilities. |
| The franchise agreement | Assigned to the buyer with franchisor consent, usually alongside a new or amended agreement. | Generally stays with the corporation, but the franchisor must consent to the ownership change. |
| B2B account relationships | Dealership, furniture-retailer and other referral accounts are reviewed individually — some are built on the technician personally, not just the brand. | These relationships typically continue with the corporation, though key contacts may still expect a personal introduction. |
| Premises | Minimal or none — most units run from a home office and a mobile service van rather than a leased storefront. | Same — the mobile-service model means there's usually little or no premises to reassign. |
| Tax angle | Buyer gets a stepped-up cost base on the assets purchased; an HST election may apply to the sale. | Seller may access the lifetime capital gains exemption on qualifying shares. |
| Typical use | The more common structure for a single-operator Fibrenew resale. | Less common at this scale, though it can appear where a multi-technician unit's contracts favour continuity of the corporate entity. |
The service van, colour-matching and repair equipment, B2B account relationships, goodwill and the franchise agreement.
The shares of the corporation that holds the franchise agreement, including its history and existing liabilities.
Assigned to the buyer with franchisor consent, usually alongside a new or amended agreement.
Generally stays with the corporation, but the franchisor must consent to the ownership change.
Dealership, furniture-retailer and other referral accounts are reviewed individually — some are built on the technician personally, not just the brand.
These relationships typically continue with the corporation, though key contacts may still expect a personal introduction.
Minimal or none — most units run from a home office and a mobile service van rather than a leased storefront.
Same — the mobile-service model means there's usually little or no premises to reassign.
Buyer gets a stepped-up cost base on the assets purchased; an HST election may apply to the sale.
Seller may access the lifetime capital gains exemption on qualifying shares.
The more common structure for a single-operator Fibrenew resale.
Less common at this scale, though it can appear where a multi-technician unit's contracts favour continuity of the corporate entity.
We tell you which structure fits — before you sign anything.
No open-ended hourly surprises — the cost is confirmed in writing before any work begins.
| Type of work | Fee | How it's confirmed |
|---|---|---|
| Straightforward purchase or sale | Starting from $3,388.87 Our charges · taxes included | Confirmed in writing once we see the agreement. |
| Larger or more complex deal | Quoted to scope | Short call → fixed written quote before any work begins. |
| Searches, filings & third-party fees | At cost | Itemized on your invoice, not marked up. |
A single Fibrenew territory changing hands between an existing technician-owner and an incoming buyer, with the seller providing a short introduction period to key dealership and retailer accounts.
Start my file →A multi-technician unit with a broader account base and staff to manage, or a deal where the buyer is new to the trade and needs a longer franchisor training and handover window before operating independently.
Book a consultation →Not sure which you are? That's our job to figure out, not yours. As a rough guide, most deals under a couple of million dollars are the first kind — above that, you're usually in Mergers & Acquisitions territory.
More than in most franchise resales. Colour-matching and repair work is a hands-on trade skill, and some B2B accounts are loyal to the individual technician as much as the Fibrenew name. We factor that into how the deal is structured and how much of a transition period the seller commits to.
For most units, yes — Fibrenew is typically a home-based, mobile-service business built around a van rather than a storefront, so there's little or no commercial lease to assign. That simplifies one of the more common closing bottlenecks other franchise resales face.
No — recurring accounts aren't contractually guaranteed to continue, which is exactly why the transition period and personal introductions matter so much in a Fibrenew resale. We look at how concentrated the revenue is in a handful of accounts before you commit to a price.
Possibly, yes — the size of the deal doesn't decide the question. Ontario courts have read the resale exemption narrowly, so we confirm whether disclosure applies to your specific transfer rather than assuming a smaller, single-operator resale is automatically exempt.
Often a bit faster than storefront-based franchises — roughly 30 to 75 days — since there's usually no lease assignment on the critical path, though the account-transition period can still shape how quickly the buyer is fully up and running.
Related
Where we close franchise resale deals
Treadstone Law is an independent law firm. We act for buyers and sellers of franchise businesses. We are not affiliated with, endorsed by, or retained by Fibrenew or its franchisor.
Tell us about your Fibrenew resale — we'll point you the right way and confirm the cost in writing before any work begins.