Superior Fence Rail
Superior Fence Rail offers franchises in fencing installation and garden products sales. Known for diverse material options like wood, steel, aluminum, and vinyl, it caters to both residential and commercial customers in the fencing industry.
Superior Fence Rail franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment for opening a franchise ranges widely, as it includes the cost of purchasing or leasing items which is estimated at 65% to 75% of the total establishment cost. Additionally, there is an estimate for the computer system ranging from $1,700 to $5,500 if not already owned. [p.28, p.36]
What is the initial franchise fee?
The initial franchise fee is a non-recurring payment due at the execution of the Franchise Agreement [p.93]. It is payable by means of cashier's check, money order, or wire transfer and is deemed fully earned upon payment [p.93], being non-refundable except under specific circumstances not detailed in these excerpts [p.193].
What are the ongoing royalty and advertising fees?
The ongoing royalty and advertising fees range from 1.5% to 8% of a franchisee's monthly revenues [p.72]. These fees are considered variable consideration and are recognized in the month services are performed for customers, as per accounting standards [p.72].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement lasts for a period of seven years [p.193]. At the end of this term, you have the option to extend it for one additional term equal to the length of Franchisor's then-current initial term, provided you meet certain requirements as determined by the franchisor [p.89].
Can I sell or transfer my franchise, and what does that require?
The franchisor can refuse to permit the transfer of ownership of the franchise except for good cause. Good cause includes but is not limited to unspecified reasons [p.6]. This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the franchise agreement if there is a failure by the franchisee to comply with any lawful provision of the franchise agreement and such failure is not cured within a reasonable time frame [p.196]. Additionally, the franchisor may exercise its discretion based on reasonable business judgment, though this may be limited or superseded by requirements to deal in good faith under RCW 19.100.180(1) [p.199].
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?
No, you do not receive an exclusive territory [p.37]. The franchise agreement does not provide area protection beyond what is specified in Sections 2 and 4 of the Franchise Agreement [p.207], and you may face competition from other franchisees, company-owned outlets, or other competitive brands [p.37].
What training and ongoing support does the franchisor provide?
The initial license fee covers training at the franchisor's offices or over the telephone [p.150]. The training program is detailed in the Operations Manual, which serves as the sole reference material during sessions, and new franchisees receive a copy to review [p.32]. Training can be modified based on updates and changes, so the specific content may vary for different franchisees [p.32]. This isn't specified in the excerpts regarding ongoing support beyond initial training requests.
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
Yes, the franchisor can provide financial performance information if there is a reasonable basis for it [p.45]. However, the franchisor does not make any financial performance representations other than those specified in Item 19 of the disclosure document [p.55]. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management and relevant regulatory agencies [p.55].
What am I restricted to selling, and where must I buy supplies?
You are required to sell wood, steel, aluminum, and vinyl fencing and related garden products as specified by the franchisor [p.26]. You may have to buy or lease items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than other options [p.3].