Franopolis
    vs

    Franchise opportunities compared

    Hpb Fencing vs Top Rail

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Hpb Fencing2026 FDDTop Rail2026 FDD

    Initial investment · Item 7

    Hpb Fencing

    $160,181 – $241,071

    2026 FDD · Item 7

    Top Rail

    $177,444 – $519,944

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Hpb Fencing

    $59,500

    2026 FDD · Item 5 · PDF p. 18

    Top Rail

    $59,900

    2026 FDD · Item 5 · PDF p. 15

    Royalty · Item 6

    Hpb Fencing

    6%

    2026 FDD · Item 6 · PDF p. 22

    Top Rail

    4% · 6%–4% source

    2026 FDD · Item 6 · PDF p. 18

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Hpb Fencing and Top Rail disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Hpb Fencing: 2, Top Rail: 7). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Hpb Fencing

    $160,181 – $241,071
    2026 FDD · Item 7

    Top Rail

    $177,444 – $519,944
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Hpb Fencing

    $59,500
    2026 FDD · Item 5 · PDF p. 18

    Top Rail

    $59,900
    2026 FDD · Item 5 · PDF p. 15
    Royalty (Item 6)

    Hpb Fencing

    6%
    Royalty percentage tier 1
    2026 FDD · Item 6 · PDF p. 22

    Top Rail

    4% · 6%–4% source
    Blended royalty rate range low
    2026 FDD · Item 6 · PDF p. 18
    Brand / advertising fund (Item 6)

    Hpb Fencing

    $15,500
    Brand marketing fee
    2026 FDD · Item 6 · PDF p. 18

    Top Rail

    1%
    Brand Fund Contribution — 1% — 1%
    2026 FDD · Item 6 · PDF p. 18

    System scale & health

    Total outlets (Item 20)

    Hpb Fencing

    126
    Outlets at end of 2024
    2026 FDD · Item 20 · PDF p. 87

    Top Rail

    189
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 75
    Net outlet change (Item 20)

    Hpb Fencing

    +116
    Calculated: 10 at end of 2023 → 126 at end of 2024

    Top Rail

    +96
    Calculated: 93 at end of 2023 → 189 at end of 2025
    Outlet exits (Item 20)

    Hpb Fencing

    Not available
    No complete exit records for a year

    Top Rail

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Hpb Fencing

    Not available
    Not in reviewed records

    Top Rail

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Hpb Fencing

    Not available
    Not in reviewed records

    Top Rail

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Hpb Fencing
    Locations counted not stated in the reviewed record — One franchisee operating across multiple Protected Territories for the full 202…
    582 units
    other FY2024 Appointments
    2026 FDD · Item 19 · PDF p. 85
    Locations counted not stated in the reviewed record — Three reporting businesses across multiple Protected Territories, April 1, 2024…
    $1,308,072
    other SSF-100 Total Sales
    2026 FDD · Item 19 · PDF p. 86
    Top Rail
    Locations counted not stated in the reviewed record — Firstyearfully2025not2024
    7 locations
    other PartI Firstyearfully2025not2024 exceededaveragecount
    2026 FDD · Item 19 · PDF p. 72
    Locations counted not stated in the reviewed record — Secondyearfully2025and2024
    $1,319,327
    other PartI Secondyearfully2025and2024 average AcceptedContracts
    2026 FDD · Item 19 · PDF p. 72
    Locations counted not stated in the reviewed record — Proposalconversion56locations168territories
    28.66 percent
    other PartII Proposalconversion56locations168territories median
    2026 FDD · Item 19 · PDF p. 73
    +4 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Hpb Fencing vs Top Rail: common questions

    Which costs less to open, Hpb Fencing or Top Rail?
    Hpb Fencing: $160,181 – $241,071 (2026 FDD · Item 7); Top Rail: $177,444 – $519,944 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Hpb Fencing. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Hpb Fencing and Top Rail royalties compare?
    Hpb Fencing: 6% (2026 FDD · Item 6 · PDF p. 22); Top Rail: 4% · 6%–4% source (2026 FDD · Item 6 · PDF p. 18). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Hpb Fencing or Top Rail?
    Hpb Fencing: 126 (2026 FDD · Item 20 · PDF p. 87); Top Rail: 189 (2026 FDD · Item 20 · PDF p. 75). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Hpb Fencing and Top Rail disclose financial performance (Item 19)?
    Hpb Fencing has reviewed Item 19 figures for 2 location groups; Top Rail has reviewed Item 19 figures for 7 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Hpb Fencing report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Top Rail report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Compare Hpb Fencing with

    Compare Top Rail with

    Add a third brand

    Compare up to four side by side

    Explore by brand

    Filter every published report

    FDD glossary

    Plain-language meaning of each Item