Top Rail
Franchise research report · reviewed 2026 disclosure data
Researching Top Rail franchise opportunities? Every figure below is cited to the FDD.
- Headquarters
- 107 Parr Dr., Huntersville, NC 28078 Source: toprailfences.com
Top Rail franchise specializes in residential and commercial fencing solutions, offering professional installation services for wood, vinyl, aluminum, and chain
Headline figures
Quick facts
- How much does it cost to open a Top Rail franchise?
- The Top Rail Franchise Disclosure Document reports separate estimated initial investments by format: $217,444–$519,944 for 2pack total range low includingfirstbusinessonly (2026 FDD, Item 7, PDF p. 38); $247,444–$519,944 for 3pack total range low includingfirstbusinessonly (2026 FDD, Item 7, PDF p. 38); $277,444–$519,944 for 4pack total range low includingfirstbusinessonly (2026 FDD, Item 7, PDF p. 38); $307,444–$519,944 for 5pack total range low includingfirstbusinessonly (2026 FDD, Item 7, PDF p. 38); $177,444–$333,944 for total estimated — $177444 (2026 FDD, Item 7, PDF p. 33). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Top Rail initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $59,900 (2026 FDD, Item 5, PDF p. 15). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Top Rail charge?
- The disclosed ongoing royalty is 6%–4% source (2026 FDD, Item 6, PDF p. 18). The brand or advertising fund contribution is $1 (2026 FDD, Item 6, PDF p. 18). Other recurring fees are listed in Item 6. Details
- Does Top Rail disclose financial performance (Item 19)?
- Yes. The Top Rail FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 72). Figures apply only to the locations and period each one covers. Details
- How many Top Rail locations are there?
- The FDD reports 378 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 75). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $217,444 – $519,944 (2pack total range low includingfirstbusinessonly); $247,444 – $519,944 (3pack total range low includingfirstbusinessonly); $277,444 – $519,944 (4pack total range low includingfirstbusinessonly); $307,444 – $519,944 (5pack total range low includingfirstbusinessonly); $177,444 – $333,944 (TOTAL ESTIMATED — $177444); several initial fee options apply.
- 2Item 19 covers 7 separate groups: other measures for 21 Franchised locations; other measures for 13 Franchised locations; other measures for 56 Franchised locations; other measures for 59 Franchised locations; other measures for 15 Franchised locations; other measures for 59 Franchised locations; other measures for 15 Franchised locations. They are not combined.
- 3Outlets grew by 42 in 2025, to 378 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 5 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (5)
Each format has its own total. The total depends on the format you choose.
- TOTAL ESTIMATED — $177444PDF p. 33$177,444 – $333,944
- 2pack total range low includingfirstbusinessonlyPDF p. 38$217,444 – $519,944
- 3pack total range low includingfirstbusinessonlyPDF p. 38$247,444 – $519,944
- 4pack total range low includingfirstbusinessonlyPDF p. 38$277,444 – $519,944
- 5pack total range low includingfirstbusinessonlyPDF p. 38$307,444 – $519,944
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 15
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Blended royalty rate range lowMain ongoing fee
134 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
7 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 21 locations
- Who is counted
- Firstyearfully2025not2024
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 13 locations
- Who is counted
- Secondyearfully2025and2024
- Excluded
- Firstyearexcludes1location4territoriespaused;Secondyearexcludes2locations10territoriespaused and2founderlocations15territoriesthirdyear. Mustreporteachmonth,no termination/transfer.
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 56 locations
- Who is counted
- Proposalconversion56locations168territories
- Excluded
- Excludes1location1territory1proposal2contracts inaccurate;2locations10territories inaccurate systemusage98%641/661inflatedconversion.
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 59 locations
- Who is counted
- Jobsize59locations179territories
- Excluded
- Includes3locations11territoriesexcludedfromPartII; total7858contracts,2758aboveaverage.
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 15 locations
- Who is counted
- Same-store15locations43territories
- Excluded
- Excludes4locations16territoriespaused; full2024/2025eachmonthreports,noclosures/transfers/termination.
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 59 locations
- Who is counted
- Jobsize
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
Locations counted: not stated in the reviewed record
Other measures · 15 locations
- Who is counted
- Same-store
- Method
- BusinessManagementTechnologySystemunaudited AcceptedContracts accrualueponcustomeracceptedworkordernotnecessarilycompleted/cashcollected; royaltiescashbasis. IncludesHomeDepotrevenuewithoutdeductionHomeDepotProgramFee. Locationsoperatingmultipleterritories.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 75
Net +192 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($177,444 – $519,944) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 336 to 378 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Standard initial franchise fee — Item 5 · PDF p. 15
- [2]Item 19 — Locations counted not stated in the reviewed record — Firstyearfully2025not2024 · PDF p. 72
- [3]Item 19 — Locations counted not stated in the reviewed record — Secondyearfully2025and2024 · PDF p. 72
- [4]Item 19 — Locations counted not stated in the reviewed record — Proposalconversion56locations168territories · PDF p. 73
- [5]Item 19 — Locations counted not stated in the reviewed record — Jobsize59locations179territories · PDF p. 73
- [6]Item 19 — Locations counted not stated in the reviewed record — Same-store15locations43territories · PDF p. 74
- [7]Item 19 — Locations counted not stated in the reviewed record — Jobsize · PDF p. 73
- [8]Item 19 — Locations counted not stated in the reviewed record — Same-store · PDF p. 74
- [9]Outlet counts — Item 20, Table 1 · PDF p. 75
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
88 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same broad industry. Businesses in one industry are not always directly comparable. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.