Top Rail
Top Rail Fence franchises enable operators to sell, furnish, install, stain, and paint wood, steel, aluminum, vinyl, and other types of fencing, along with related garden products and approved services. Franchisees serve residential and commercial customers within designated territories using the proprietary TOP RAIL® brand, system, and standards. The franchisor's business model involves granting franchise rights to qualified individuals or entities, with options for single or multi-unit operations requiring initial investments between $161,444 and $297,444 for a single unit.
Franchise Costs
Blended 6%-4% tiered royalty + 1% brand fund + $500/mo marketing management + $599/mo technology + $249/mo online local presence
Financial Performance
Item 19 Financial Performance
Data Based On: 20 Top Rail Fence franchisees operating in 71 territories that were operational and reported Revenue in all 12 months during the Measurement Period.
* Calculated weighted average gross revenue: (7 units × $2,228,190 + 7 units × $921,141 + 6 units × $496,677) / 20 total units = $1,251,268.95. Calculated weighted average gross profit margin: (7 units × 42.8% + 7 units × 33.0% + 6 units × 20.7%) / 20 total units = 32.74%. Average gross profit is calculated as weighted average gross revenue * weighted average gross profit margin = $1,251,268.95 * 0.3274 = $409,665.45.
Extracted Item 19 Section
How Top Rail Compares
Key Insights
- Higher investment than 79% of Home Services franchises
- Higher than average SBA loan default rate in Home Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Top Rail Current | $161K – $297K | $60K | 6.0% | 167 |
| MERRY MAIDS | $127K – $166K | $55K | 7.0% | 933 |
| HOLIDAY LIGHTING HEROES | $150K – $177K | $127K | 10.0% | 653 |
| SIGN GYPSIES | $4K – $5K | $1K | N/A | 587 |
| MOSQUITO AUTHORITY | $54K – $128K | $45K | 10.0% | 546 |
| Culligan | $130K – $814K | $40K | 2.0% | 460 |
Home Services Average 130 franchises | $144K – $289K | $53K | 7.0% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 130 Home Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+13 more states
SBA Loan History
Historical SBA 7(a) loan data for Top Rail franchisees (2023 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
4 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
4 Contacts Available
Unlock all Top Rail franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Top Rail franchise ranges from $161,444 to $297,444. This includes a franchise fee of $59,900. Ongoing royalty fees are 6.0% of gross sales.
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