Bottom line
- Total investment $334K – $824K including a $50K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $261K/year. Estimated payback in 4.0 years.
- Rated CAUTION with a risk score of 77/100.
- Emerging franchise — only 1 year of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Another Nine unit return on the cash you put in?
Unlevered ROIC · per unit
6%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Another Nine units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$418K
on $2.1M purchase
Total debt
$1.7M
SBA $1.0M + senior + seller note
Overview
About
Another Nine franchisees appear to operate a service or retail-based business model, though specific industry details are not disclosed. With average revenues of $261,168 and net income of $143,574 from one location, day-to-day operations likely involve direct customer service, inventory management, and local marketing.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Another Nine presents HIGH RISK due to going concern status, single-unit system, unverified financials, and unclear growth potential.
Score breakdown · what drove the 77 / 100 rating
- 01HIGHGoing Concern warning indicates the franchisor may lack financial viability or operational stability
- 02MINOROnly 1 operating unit suggests either brand is pre-revenue stage or has experienced complete system collapse
- 03MINORWide investment range ($333,950–$824,350) with single unit data makes ROI projections unreliable and suggests high cost variability
- 04MINORNo Item 19 financial performance representation limits ability to validate the $143,574 net income claim independently
- 05MINORUnknown growth trajectory with only one franchisee provides zero evidence of replicable business model or scalability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
22 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Another Nine · FDD (2025) PDF