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Why We Don't Charge A Franchise Royalty Fee
Description
Episode 55: On this episode of Pursuit of Profit Cliff and Justin speak with Jesse Johnstone, president of Fibrenew. We talk about how Fibrenew became the largest leather, vinyl and plastic restoration company in the world, how their niche business saves people money and the environment. We discuss the many revenue options from automotive to aviation, and why this is the right brand for someone who enjoys working with their hands. Take a listen...
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Timestamps:
00:00 - Intro
02:22 - what is the Fibrenew business model?
05:10 - what are the financial margins for franchisees?
07:00 - how to you acquire business?
14:45 - qualifications for franchisees
21:10 - how to build a Fibrenew franchise
25:45 - what's the franchise fee?
31:33 - proprietary dyes & color database
35:50 - total investment
39:00 - camaraderie between franchisees
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Links:
🌐 Website - Fibrenew
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Book a free consultation with Cliff and Justin: https://calendly.com/franocity1/30-minute-meeting
Learn more about Franocity: https://qrcodes.pro/15fBNC
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.