Another Side Tours
Formerly known as Tour At A Time
Bottom line
- Total investment $116K – $170K including a $30K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $553K/year (median $435K).
- Rated STRONG with a risk score of 50/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Side Tours unit return on the cash you put in?
Unlevered ROIC · per unit
52%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Another Side Tours units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$995K
on $5.0M purchase
Total debt
$4.0M
SBA $2.5M + senior + seller note
Overview
About
Another Side Tours operates guided tour experiences (likely destination-based sightseeing or specialty tours). Franchisees manage tour operations, customer acquisition, scheduling, guide coordination, and day-to-day tour execution while remitting 5% of gross sales as royalties to the franchisor.
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 · 6 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Micro-franchise system (3 units) with undisclosed profitability metrics and high investment relative to system size presents moderate-to-high risk without verifiable unit economics.
Score breakdown · what drove the 50 / 100 rating
- 01MINOROnly 3 units in system with unknown growth trajectory raises scalability and viability concerns
- 02MEDNet income not disclosed in Item 19 prevents accurate ROI calculation and profitability assessment
- 03MINORHigh initial investment ($116k-$170k) relative to only 3 existing franchises suggests unproven unit economics
- 04MINORAverage revenue of $552k is solid but without net income data, actual franchisee profitability is opaque
- 05MINOR7-year term is longer than industry standard (5 years typical), reducing exit flexibility
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
12 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Another Side Tours · FDD (2025) PDF