Prime Rail Fence Franchise Prices, Charges, Revenues, Income (2023 Overview)

On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Prime Rail Fence franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising and marketing charge for a Prime Rail Fence franchise, primarily based on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Prime Rail Fence retailers initially of the yr and the tip of the yr for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Prime Rail Fence franchise alternative

Part V – Presentation and evaluation of Prime Rail Fence’s monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 whole gross income for Group A (consisting of 5 designated territory equivalents) and Group B (consisting of 11 designated territory equivalents) of the 9 affiliate-owned Prime Rail Fence places (which grew to become franchised places on December 29, 2022) that have been open all through the 2022 calendar yr

Part VI – Key ratios, comparables, computations, and analyses for the Prime Rail Fence franchise alternative (unique content material for Platinum subscribers)

Part I – Prime Rail Fence Franchise Prices

• Prime Rail Fence franchise prices, primarily based on Merchandise 7 of the corporate’s 2023 FDD:

• Preliminary Franchise Charge:  $54,900 to $68,900
• Franchisor Directed Promoting Charge Deposit:  $6,000
• Journey Bills to Coaching:  $250 to $3,000
• Safety Deposits and Lease:  $0 to $12,000
• Workplace Furnishings:  $0 to $8,000
• Automobile and Automobile Enhancements:  $3,000 to $15,000
• Instruments and Gear:  $5,000 to $30,000
• Enterprise Administration and Know-how System:  $1,000 to $3,000
• Preliminary Stock:  $5,000 to $15,000
• Know-how Charge (3 months):  $1,797
• Business Certifications, Licenses, and Trainings:  $0 to $5,000
• Skilled Charges:  $500 to $2,000
• Insurance coverage Deposit and Preliminary Premiums:  $1,000 to $4,500
• Grand Opening Advertising:  $10,000 to $15,000
• Extra Funds (3 months):  $15,000 to $30,000
• Whole Estimated Prime Rail Fence Franchise Prices:  $103,447 to $219,197

Part II – Prime Rail Fence’s Preliminary Franchise Charge, Royalty Charge, and Advertising Charge

• Prime Rail Fence’s preliminary franchise charge, royalty charge, and advertising and marketing charge, primarily based on Objects 5 and 6 of the corporate’s 2023 FDD:

• Preliminary Franchise Charge:  $54,900 to $68,900
• Royalty Charge:  the higher of: (i) a blended 5% to 7% of your Gross Income; or (ii) the Minimal Royalty Charge ($250 to $1,000 per thirty days, relying on the variety of years in operation, for 1 franchised enterprise)
• Model Fund Contribution:  presently, 1% of your Gross Income
• Native Promoting Requirement:  presently, the minimal required month-to-month spend is the higher of: (i) 3% of Gross Income; or (ii) $3,000
• Regional Promoting and Promotional Cooperative:  if established, decided by the cooperative

Part III – Variety of Franchised and Firm-Owned Prime Rail Fence Retailers

Franchised

2020

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

2021

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

2022

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  21
• Internet Change:  +21

Firm-Owned

2020

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

2021

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

2022

• Retailers on the Begin of the 12 months:  0
• Retailers on the Finish of the 12 months:  0
• Internet Change:  0

Part IV – Information Updates on the Prime Rail Fence Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Prime Rail Fence Franchise (Merchandise 19, 2023 FDD)

• As of December 31, 2022, there have been 9 franchised places (every, a “Franchised Location”) and 0 affiliate-owned places (every, an “Affiliate-Owned Location”) in operation. In June 2022, Prime Rail Fence reached an settlement to transform 9 places providing considerably comparable providers to the providers that Prime Rail Fence presents to Affiliate-Owned Places, and at the moment, every Affiliate-Owned Location started changing their companies to the “Prime Rail” model.

• This Merchandise discloses the Gross Income generated by the Affiliate-Owned Places from January 1, 2022 via December 31, 2022 (the “2022 Measurement Interval”).

• The Affiliate-Owned Places have been in operation since 2015 utilizing a system of operations considerably much like the Prime Rail System and upon which the Prime Rail System relies. The Affiliate-Owned Places transformed their branding to Prime Rail after they grew to become a franchisee on December 29, 2022.

• The knowledge on this Merchandise has not been audited, and relies on historic monetary knowledge supplied to Prime Rail Fence by the Affiliate-Owned companies.

• Previous to changing to Franchised Companies, the Affiliate-Owned Places weren’t topic to the franchisee charges referring to royalties and promoting (together with obligatory minimal promoting spend necessities). Greater than one of many Affiliate-Owned Places could also be managed collectively by the identical personnel. Aside from as described above, there are not any different materials monetary or operational variations between the Affiliate-Owned Places and operational franchise retailers.

• Solely Prime Rail Fence’s Affiliate-Owned Places have offered this a lot. Your particular person outcomes might differ. There isn’t a assurance that you’ll promote as a lot.

Gross Income Generated by the Affiliate-Owned Places Over the 2022 Measurement Interval

• Group A Gross Income:  $5,255,067
• Group B Gross Income:  $1,554,946
• Whole Gross Income (Teams A and B):  $6,810,013

• “Affiliate-Owned Places” means the 9 unique Prime Rail places that operated a enterprise providing considerably comparable providers to these supplied beneath the Prime Rail model and System. These companies are operated as two Multi-Unit places which Prime Rail Fence has designated as Group A and Group B.

• Beneath is a chart detailing the town and state of the 9 Affiliate-Owned Places in addition to the date every of these started offering considerably comparable providers to the Authorized Providers that you’ll supply as a franchisee and the variety of Designated Territory equivalents primarily based on the dimensions of territories presently being supplied.

• “Gross Income” means the entire income derived by the Affiliate-Owned Places by offering the Authorized Providers, much less gross sales tax, reductions, allowances, and returns.

Group A (5 Designated Territory Equivalents)

• Spartanburg, SC:  Opened June 2015 (1 Designated Territory Equal)
• Greenville, SC:  Opened June 2015 (2 Designated Territory Equivalents)
• Anderson, SC:  Opened June 2015 (1 Designated Territory Equal)
• Ashville, NC:  Opened June 2015 (1 Designated Territory Equal)

Group B (11 Designated Territory Equivalents)

• Johnson Metropolis, TN:  Opened June 2018 (1 Designated Territory Equal)
• Myrtle Seaside, SC:  Opened October 2018 (2 Designated Territory Equivalents)
• Charleston, SC:  Opened January 2020 (2 Designated Territory Equivalents)
• Knoxville, TN:  Opened March 2020 (4 Designated Territory Equivalents)
• Columbia, SC:  Opened July 2021 (2 Designated Territory Equivalents)

Part VI – Prime Rail Fence Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️