FranchiseVerdict
Stand Strong Fencing logo
FV-02435·MODERATEExcellent95

Stand Strong Fencing

Formerly known as HPB Fencing

Home Services - OtherFranchising since 2023Website
Investment
$160K – $241K
74th pct Other
Avg revenue
$966K
40th pct Other
Royalty
Units
126
76th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $160K – $241K including a $60K franchise fee.
  • Average unit revenue of $966K/year (median $1.3M).
  • Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
HPB Fencing LLC
Parent company
JEZ Investments LLC
Incorporated in
Pennsylvania
HQ
2525 N. 117th Avenue, Third Floor, Omaha, Nebraska 68164
Auditor
Forvis Mazars, LLP
Audited financials
Franchisor revenue
$132K
vs $2.2M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Stand Strong Fencing unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $965,538
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $160K–$241K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

42%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$97K
EBITDA margin
10.0%
Total invested
$231K
Payback
29 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Stand Strong Fencing units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$579K

on $2.9M purchase

Total debt

$2.3M

SBA $1.4M + senior + seller note

Overview

About

Stand Strong Fencing franchisees operate residential and commercial fencing installation and repair businesses, managing crews to measure, quote, and install fence systems. Day-to-day activities include customer acquisition, project estimation, scheduling installations, managing labor, and handling service calls—a capital-intensive, labor-dependent service business with seasonal fluctuations.

CEO
Anthony Hulbert
Founded
2023
FDD year
2025
States available
12

Item 7 · what it costs

The Vitals

Total investment
$160K – $241K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$60K
Royalty
Greater of tiered rate (6% to 2% of Gross Revenue) or $50…
Ad fund
3.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$966K
Per unit, per year
Median gross sales
$1.3M
Item 19 type
Historical financial performance
Sample size
3 units
vs category median 21 · small
Range (low → high)
$179K$1.4M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank40th
vs Home Services - Other peers
Investment cost rank74th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank76th
vs Home Services - Other peers
Risk score rank70th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
126
Opened
116
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
Outlier (see FDD)
Likely small-sample artifact
2023
126+116
Franchised units
2024
10
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 22 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 22 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

Stand Strong Fencing presents HIGH RISK due to active parent company litigation involving fraud allegations, going concern warnings, undisclosed profitability metrics, and unsustainable 1160% YoY growth suggesting a system prioritizing recruitment over franchisee viability.

Score breakdown · what drove the 64 / 100 rating

  1. 01HIGHActive litigation involving parent company (JEZ Investments) with claims of fraudulent misrepresentation, minority oppression, and breach of fiduciary duty—creates uncertainty around corporate governance and franchisor reliability
  2. 02HIGHGoing Concern status is FALSE—indicates auditor concerns about the franchisor's ability to continue operating, suggesting potential financial distress at corporate level
  3. 03MEDNo Average Net Income disclosed—inability or unwillingness to provide profitability data is a major transparency red flag; the $965,538 average revenue is meaningless without expense breakdowns
  4. 04MINORExplosive unit growth (1160% YoY) is unsustainable and suggests aggressive recruitment over franchisee success; such rapid expansion often precedes system collapse when quality control fails
  5. 05MINORHigh royalty floor ($500/month minimum) combined with tiered rates means franchisees pay $6,000 annually even in slow months—risky for a service business with seasonal/cyclical revenue
  6. 06MEDFranchise fee of $59,500 is substantial relative to disclosed financial transparency; combined with no net income data, ROI timeline is impossible to validate
  7. 07HIGHProtected territory alone does not offset governance litigation and going concern issues—territorial exclusivity is worthless if the franchisor fails

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Pennsylvania

Item 11

Training & Operations

Classroom training
43 hrs
On-the-job training
20 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

57 numbers

Locked
(214) 435-••••
TX
(281) 764-••••
TX
(843) 231-••••
SC

One-time purchase · CSV download · Validation questions included

FDD download

Stand Strong Fencing · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above