76 Fence Regional Developer
76 Fence Regional Developer offers fencing services, specializing in high-quality installation and maintenance. Known for durable solutions, it operates in the construction and home improvement industries.
76 Fence Regional Developer franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment necessary to begin operations as a Regional Developer ranges from $279,407 to $463,389. This includes between $260,657 and $428,389 which must be paid to the franchisor or its affiliate [p.1].
What is the initial franchise fee?
The initial franchise fee is not specified in detail within these excerpts; however, it is mentioned that a waiver applies to the first 76 FENCE Unit Franchised Business opened by Regional Developer. For other businesses, they are required to pay the then-current initial franchise fee upon executing the Franchise Agreement [p.36]. The exact amount of the initial franchise fee is not provided in the given excerpts.
What are the ongoing royalty and advertising fees?
The Regional Developer receives 50% of the Royalty Fees from 76 FENCE Unit Franchised Businesses within their Region, provided they comply with certain conditions such as providing required training and assistance. Additionally, a Regional Developer must spend at least $1,500 per month on marketing and advertising to promote unit franchises in their Region [p.13]. This isn't specified in the excerpts for ongoing advertising fees beyond the marketing expenses for promoting unit franchises.
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement term is for ten (10) years [p.39]. Regional Developer may extend this term one time for an additional ten (10) years under specific conditions [p.39].
Can I sell or transfer my franchise, and what does that require?
This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement if Regional Developer experiences certain financial conditions, specifically if, during a 60-day notice period, the Royalty Fees Commission of the Office is less than 85% of the average for the preceding 24 weeks. [p.49] This termination does not automatically end the agreement; Regional Developer remains bound by post-termination obligations.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
Yes, you will be granted an exclusive territory. According to [p.20], your Region is described as an "exclusive territory under franchise law," where you are the sole Regional Developer with rights to sell 76 FENCE Unit Franchised Businesses within a specified geographic area, and we will not grant anyone else similar rights in that region.
What training and ongoing support does the franchisor provide?
The franchisor provides an initial regional developer training, which includes training for the regional developer and one employee [p.39]. This training is free of charge, but the franchisee must cover their own costs and expenses to attend [p.13]. Ongoing support includes reasonable amounts via telephone, email, conference calls, and online training [p.17], though specific details are not provided for other forms of ongoing support.
How many franchised outlets are there, and how many have closed or been terminated?
According to the FDD excerpt [p.6], there are currently 12 franchised locations in the FranSave system in the United States. The excerpt does not specify how many have closed or been terminated; it only mentions that FranSave offered franchises beginning in March 2021 and ceased offering such franchises in December 2023.
Does the franchisor share any financial performance or earnings information?
The franchisor does not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets, and it authorizes no such representations from its employees or representatives [p.27]. However, if you are purchasing an existing outlet, the franchisor may provide actual records of that outlet’s performance [p.27].
What am I restricted to selling, and where must I buy supplies?
You are required to follow the franchisor's System and can only sell services that they have authorized. You must purchase all necessary products, services, supplies, inventory, computer systems, equipment, and materials from approved manufacturers, suppliers, or distributors as specified in the Manual. This may include items from specific suppliers designated by the franchisor [p.14].