Rod Works franchise
2023 filing · January 1, 2023
Rod Works at a glance
A retail store selling distinctive home and office accessories and décor.
The business
- Industry
- Retail
- Franchisor
- Rod Works Inc
- The company that sells the franchises
- Current franchisor selling since
- 2015
- 8 years of selling franchises
- Typical size
- 800–1,500 sq ft
What you pay
- Cost to open
- $145K–$261K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross revenues, paid weekly, plus at least 2% on local advertising
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- Franchised, 2022
- 5
- As printed in the filing
Support and records
From Rod Works Inc’s 2023 filing; revenue and net loss from its audited financial statements, page 141; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Rod Works among all franchises with the same figure.
| Figure | Rod Works | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $203,150 | Costs less than 69% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
How much a Rod Works franchise costs
Opening one Rod Works costs an estimated $145,300 to $261,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Rod Works Inc, 2023 filing, page 16
Rod Works franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Rod Works Inc, 2023 filing, page 9
Royalty and ongoing fees
| Royalty | 5% of gross revenues, paid weekly, plus at least 2% on local advertising. |
|---|---|
| Computer Hardware and Software | $4,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Rod Works Inc, 2023 filing, page 9
Other fees as filed, from page 15. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Rod Works does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Rod Works Inc, 2023 filing, page 38
SBA loans to Rod Works franchisees
Lenders approved 2 SBA 7(a) loans for Rod Works franchisees in 2019, $311K in all. One was charged off; none has been paid in full. The other one hasn’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Rod Works compares
Of the 302 retail franchises on this site, Rod Works is the 95th cheapest to open.
| Figure | Rod Works | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $145K | $198K | $222K |
| Cost to open, high end | $261K | $425K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 5% | 5.7% | 6% |
| Shares earnings figures | No | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2020 | 1 (−6) | 4 |
| 2021 | 5 (−1) | 4 |
| 2022 | 5 (0) | 4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
These figures don't add up as printed: the 2020 counts come to 6, but the filing shows 1. Worth asking the franchisor.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Rod Works Inc, 2023 filing, page 38
Where Rod Works locations are
At the end of 2022, Rod Works had locations in 4 states. The most are in Utah, Arizona and Colorado.
- Utah6
- Arizona1
- Colorado1
- North Carolina1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Utah | 2 | 4 | 6 |
| Arizona | 1 | 0 | 1 |
| Colorado | 1 | 0 | 1 |
| North Carolina | 1 | 0 | 1 |
Source: Rod Works Inc, 2023 filing, page 39
Who owns Rod Works?
Rod Works franchises are sold by Rod Works Inc. Its filing names no parent company.
From Rod Works Inc’s 2023 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Rod Works Inc, 2023 filing, litigation on page 8, bankruptcy on page 8
Rod Works filings
The figures on this page come from Rod Works Inc’s 2023 filing, issued January 1, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | January 1, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
