Top Rail Fence franchise
A Top Rail Fence franchisee sells and installs wood, steel, aluminum, vinyl and other fencing. At the end of 2025 there were 188 Top Rail Fence locations in the US, all franchised.
- Cost to open
- $177K–$334K
- Franchise fee
- $59,900
- Royalty
- 4%–6% + minimum
- Locations, 2025
- 188+167 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From HFB FenceCo Franchising, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Top Rail Fence franchise costs
Opening one territory costs an estimated $177,444 to $333,944. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: HFB FenceCo Franchising, LLC, 2026 filing, page 33
Top Rail Fence franchise fee
The franchise fee is $59,900. You pay it when you sign the franchise agreement.
Source: HFB FenceCo Franchising, LLC, 2026 filing, page 15
Royalty and ongoing fees
| Royalty | A blended 4%–6% of gross revenue, subject to the applicable monthly minimum royalty. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: HFB FenceCo Franchising, LLC, 2026 filing, page 18
Sales and earnings
Shares figures Top Rail Fence publishes sales or earnings figures for its locations: Accepted contract amounts are not collected revenue; financial tables use specified reporting cohorts.. The full tables, with notes on which locations are counted, are in its filing.
Source: HFB FenceCo Franchising, LLC, 2026 filing, page 71
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 93 (+72) | 0 | 0 |
| 2024 | 168 (+75) | 0 | 1 |
| 2025 | 188 (+20) | 0 | 9 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Top Rail Fence passes four of the five tests on our list of the best franchises to own; it had fewer than 100 US locations three years ago.
Source: HFB FenceCo Franchising, LLC, 2026 filing, page 75
How Top Rail Fence compares
Of the 143 home service franchises on this site, Top Rail Fence is the 109th cheapest to open and the 46th largest by number of locations.
| Measure | Top Rail Fence | Typical home service |
|---|---|---|
| Cost to open, low end | $177K | $134K |
| Closed or left per year | 2.1% | 5.6% |
| Change in franchised locations, 3 yrs | +795.2% | +15.6% |
| Shares earnings figures | Yes | 123 of 143 |
Typical is the median across the 143 brands in home service franchises.
