Fence Installation & Repair · FDD 2026 · from public state filings
CDisclosure honesty
This franchisor discloses earnings (Item 19) — but read how.
★★★☆☆FranchiseValidate transparency rating: 3/5
Investment
$177,444–$333,944
Total fees
7% of sales
Outlets
189
Closure signals
9 ceased, 9 terminated
Lawsuits
1
Is Top Rail worth it? How it compares to 312 similar franchises
Ongoing fees
7% of sales
lower than most (median 8%)
Startup cost
from $177,444
pricier than 60% of peers
Disclosure honesty
Grade C
typical for the category
Closure rate
4.8% of outlets
worse than 71% of peers
Disclosed lawsuits
1
about average
Benchmarked against every other franchises franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
What their own earnings claim actually says
Discloses Accepted Contract amounts, proposal conversion rates, job sizes, same-store-sales growth, and created proposals for 2023-2025. First-year avg $1,029,064; second-year avg $1,319,327. Omits underperforming units and those with paused operations.
The FDD lists a total initial investment of about $177,444–$333,944, including a $59,900 initial franchise fee.
How much do Top Rail franchise owners make?
Discloses Accepted Contract amounts, proposal conversion rates, job sizes, same-store-sales growth, and created proposals for 2023-2025. First-year avg $1,029,064; second-year avg $1,319,327. Omits underperforming units and those with paused operations. We grade this disclosure C for honesty.
It depends on the numbers, not the pitch. Top Rail scores C on disclosure honesty, carries about 7% of sales in ongoing fees, and discloses 1 legal matters. Get the real owner take-home before you sign.
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Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Top Rail or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.