76 FENCE

Item 7 details a startup range of $165,600 to $315,700, kicked off by a $60,000 franchise fee covering training and territory rights in urban/suburban markets. Item 6 fees stack aggressively: 8% royalty (or $250-$1,000 weekly minimum per territory), 1% brand/ad fund, $3,500 monthly local advertising spend, plus $2,000-$2,050 monthly for technology, software, call center, and accounting. Yet Item 19 counters with powerhouse metrics from the sole franchisee—$1,540,376 average gross revenue yielding $362,558 estimated profit, a robust ~23.5% margin before fees erode it, signaling high-volume installs can fund the model fast.

Item 20 exposes a nascent system: 1 corporate and 1 franchise location as of the 2025 FDD, franchising only since 2023 with 2 projected new units. No terminations, transfers, or closures reported, but the tiny footprint amplifies that single-unit outlier—great proof-of-concept for wood/vinyl fencing demand, yet replication hinges on sales execution amid material volatility. For risk-tolerant investors chasing $300K+ returns, it's tantalizing; conservative ones might wait for multi-unit validation before committing.