TOP RAIL FENCE vs Noble Locksmith
Franchise Comparison 2026
Both TOP RAIL FENCE and Noble Locksmith are home services franchises. TOP RAIL FENCE requires an investment of $113K – $213K while Noble Locksmith requires $82K – $244K. 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 TOP RAIL FENCE A (Top Quintile) and Noble Locksmith A (Top Quintile).
| Metric | TOP RAIL FENCE | Noble Locksmith |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $113K – $213K | $82K – $244K |
| Franchise Fee | $60K | $34K |
| Royalty Rate | 7.0% | Greater of 7% of Gross Sales or Minimum Weekly Royalty Requirements (between $350 and $1,350) |
| Average Revenue (Item 19) | N/A | $258K |
| SBA Charge-Off Rate | 0.0% (23 loans) | Limited data |
| Total Units | 93 | 14 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2022 | 2022 |
| FDD Year | 2024 | 2025 |
Investment Range
$113K – $213K
$82K – $244K
Franchise Fee
$60K
$34K
Royalty Rate
7.0%
Greater of 7% of Gross Sales or Minimum Weekly Royalty Requirements (between $350 and $1,350)
Average Revenue (Item 19)
N/A
$258K
SBA Charge-Off Rate
0.0% (23 loans)
Limited data
Total Units
93
14
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2022
2022
FDD Year
2024
2025