Noble Locksmith vs TOP RAIL FENCE
Franchise Comparison 2026
Both Noble Locksmith and TOP RAIL FENCE are home services franchises. Noble Locksmith requires an investment of $82K – $244K while TOP RAIL FENCE requires $113K – $213K. Noble Locksmith discloses average revenue of $258K; TOP RAIL FENCE does not report Item 19 data. TOP RAIL FENCE has SBA lending data on file with a 0.0% charge-off rate. FranchiseVerdict rates Noble Locksmith A (Top Quintile) and TOP RAIL FENCE A (Top Quintile).
| Metric | Noble Locksmith | TOP RAIL FENCE |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $82K – $244K | $113K – $213K |
| Franchise Fee | $34K | $60K |
| Royalty Rate | Greater of 7% of Gross Sales or Minimum Weekly Royalty Requirements (between $350 and $1,350) | 7.0% |
| Average Revenue (Item 19) | $258K | N/A |
| SBA Charge-Off Rate | Limited data | 0.0% (23 loans) |
| Total Units | 14 | 93 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2022 | 2022 |
| FDD Year | 2025 | 2024 |
Investment Range
$82K – $244K
$113K – $213K
Franchise Fee
$34K
$60K
Royalty Rate
Greater of 7% of Gross Sales or Minimum Weekly Royalty Requirements (between $350 and $1,350)
7.0%
Average Revenue (Item 19)
$258K
N/A
SBA Charge-Off Rate
Limited data
0.0% (23 loans)
Total Units
14
93
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2022
2022
FDD Year
2025
2024