Franchise opportunities compared
Tes vs The Alternative Board
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Initial investment · Item 7
Tes
$114,350 – $133,450
2025 FDD · Item 7The Alternative Board
$77,130 – $95,405
2026 FDD · Item 7 · PDF p. 16Initial franchise fee · Item 5
Tes
$75,000
2025 FDD · Item 5 · PDF p. 13The Alternative Board
$44,000
2026 FDD · Item 5 · PDF p. 10Royalty · Item 6
Tes
Not available
The Alternative Board
$60,000
2026 FDD · Item 6 · PDF p. 10Before you compare
- Tes figures come from its 2025 FDD and The Alternative Board figures from its 2026 FDD, so the years differ.
- Tes discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Item 19 figures cover the location groups each FDD names (Tes: 53, The Alternative Board: 12). Different groups are not directly comparable.
Financial commitment
The Alternative BoardTes
The Alternative Board
Tes
The Alternative Board
Tes
The Alternative Board
Tes
The Alternative Board
System scale & health
The Alternative BoardTes
The Alternative Board
Tes
The Alternative Board
Tes
The Alternative Board
Tes
The Alternative Board
Tes
The Alternative Board
Financial performance (Item 19), by location group
The Alternative BoardItem 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Tes vs The Alternative Board: common questions
- Which costs less to open, Tes or The Alternative Board?
- Tes: $114,350 – $133,450 (2025 FDD · Item 7); The Alternative Board: $77,130 – $95,405 (2026 FDD · Item 7 · PDF p. 16). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for The Alternative Board. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- Which has more locations, Tes or The Alternative Board?
- Tes: 236 (2025 FDD · Item 20 · PDF p. 51); The Alternative Board: 186 (2026 FDD · Item 20 · PDF p. 47). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Tes and The Alternative Board disclose financial performance (Item 19)?
- Tes has reviewed Item 19 figures for 53 location groups; The Alternative Board has reviewed Item 19 figures for 12 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.
Keep researching
Full Tes report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full The Alternative Board report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
