Fibrenew

How Michael Wilson Built a Lucrative Market Gap-Filling Franchise Business

February 22nd, 2025

Founded By
Allen Odvody
Starting Costs
$65K
Monthly Traffic
75.7K
Profitable
Yes
Year Started
1987
Customer
B2B & B2C

Who is Allen Odvody?

Allen Odvody is an entrepreneur with 20 years of corporate experience, previously working as a Director of Operations in the furniture rental industry before transitioning to franchise ownership with Fibrenew in Puerto Rico.

What problem does Fibrenew solve?

Fibrenew resolves the costly hassle of replacing worn-out leather, plastic, and vinyl by providing affordable, on-location restoration services, saving customers both time and money.

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How did Allen come up with the idea for Fibrenew?

After spending over 15 years in the furniture rental industry, Allen Odvody felt ready for a transformation. He loved the idea of settling in Puerto Rico but couldn't shake off the feeling of being stuck in a corporate world that no longer inspired him. Allen wanted a life filled with purpose and sparked by passion, leading him to consider business ownership as a new path.

The turning point came when a franchise recruiter reached out via email, prompting Allen to explore franchising possibilities. While Allen didn't know much about franchises initially, he realized that this model could allow him to own a business with a supportive framework. He worked with a consultant to narrow down his...

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