Rod WorksFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Rod Works franchise requires a total initial investment of $145K – $261K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $145K – $261K
- 53rd pct Home Services
- Avg gross sales
- N/A
- 54th pct Home Services
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 9
- 18th pct Home Services
- SBA default
- 100.0%
- system-wide median varies by category
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 6 to 5 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $145K – $261K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 50/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Rod Works Inc
- CEO title
- Owner, President
- Mark Tuttle
- CEO experience
- 20 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- UT
- HQ
- 4275 Thanksgiving Way, Suite 200, Lehi, Utah 84043
- Auditor
- A. Andrew Gianiodis
- Audited financials
- Franchisor revenue
- $672K
- vs $658K prior year
Overview
About
Rod Works franchisees appear to operate in custom rod manufacturing or fishing rod repair/customization, likely involving specialized equipment, inventory management, and direct customer sales. Day-to-day operations would include fabrication work, customer consultations, order fulfillment, and potentially retail or B2B sales.
- CEO
- Mark Tuttle
- Headquarters
- UT
- Founded
- 2003
- FDD year
- 2023
- States available
- 4
FDD Item 7 · 2023 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $35K | $35K | |
| Lease Expenses | $5K | $8K | |
| Leasehold Improvements | $10K | $35K | |
| Furniture, Fixtures, and Equipment | $10K | $20K | |
| Computer Hardware and Software | $4K | $6K | |
| Initial Training Costs (per person) | $2K | $4K | |
| Security Deposits | $500 | $2K | |
| Architect, Plans and Designs (including Site Plan/Design Fee) | $500 | $2K | |
| Signage | $3K | $8K | |
| Equipment | $11K | $22K | |
| Initial Inventory/Supplies | $45K | $65K | |
| Grand Opening Marketing | $2K | $4K | |
| Business Permits/Licenses (1st year) | $500 | $2K | |
| Insurance Deposits and Premiums (1st year) | $1K | $2K | |
| Professional fees (first three months) | $1K | $2K | |
| Additional Funds (3 months) | $25K | $45K | |
| Total initial investment | $155K | $261K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $145K – $261K
- Near category avg vs category
- Liquid capital req'd
- $25K – $45K
- Near category avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- Currently 0% of Gross Sales
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Technology fee | $82 |
| Transfer fee | $18K |
| Renewal fee | $35K |
| Total fee load | 5.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Home Services averages
How Rod Works Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 9
- Opened
- 0
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 11.1%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 56%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- -16.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 3
- Franchisor's next-year forecast
- Continuity rate
- 100.0%
- Units that stayed open
- Ceased ops
- 11.1%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $311K
- Median loan
- $155K
- 50th percentile
- Charge-off rate
- 100.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 0.0%
- 5-yr charge-off
- 100.0%
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Rod Works's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Rod Works presents extreme risk due to going concern status, minimal system size, missing financial disclosures, and inability to demonstrate franchisee profitability.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · A. Andrew Gianiodis
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 50 / 100 rating
- 01HIGHGoing Concern status is FALSE — franchisor reports inability to continue operations, indicating potential system collapse or financial distress
- 02MEDNo average revenue or net income disclosed — inability to assess unit economics, profitability, or ROI on $145k-$261k investment
- 03MEDOnly 9 units systemwide — extremely small franchise system with no disclosed growth trajectory, suggesting limited scalability or franchisee demand
- 04MINORItem 19 financial performance representations absent — franchisor provides zero benchmarks for earnings claims, preventing informed financial projections
- 05MINORHigh investment-to-unit ratio suggests poor unit economics or high failure rate requiring continuous recruitment
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius or irregularly shaped geographic area |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1.5 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Utah |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 23 hrs
- On-the-job training
- 80 hrs
- Training location
- On-site and corporate
- POS system
- Lightspeed Retail
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Lightspeed Retail
Item 20 · call current owners
Franchisee Contacts
19 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Rod Works · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Rod Works franchise?
The total investment to open a Rod Works franchise ranges from $145K – $261K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Rod Works franchise owners earn?
Rod Works does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Rod Works's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Rod Works (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Rod Works franchise locations are there?
As of their most recent FDD filing, Rod Works has 9 total units in the United States, including 6 franchised units and 4 company-owned units.
Is Rod Works a good franchise to buy?
FranchiseVerdict rates Rod Works as a A-grade franchise with a risk score of 50 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.