All Dry

Data Based On: 82 franchised outlets and 1 corporate outlet open for full year 2023, as detailed in the 'Corporate Outlet and Franchised Outlets Gross Revenue 2023 Calendar Year' table and preceding text on page 4.

* Average Gross Revenue, Median Gross Revenue, Revenue Top Third, and Revenue Bottom Third are extracted directly from the 'Corporate Outlet and Franchised Outlets Gross Revenue 2023 Calendar Year' table on page 4. For 'best_guess_profit_low' and 'best_guess_profit_high', the Corporate Outlet Profit & Loss Statement (page 3) was used as a proxy for franchise unit expenses, adjusted based on the statements on page 2. Non-franchise-applicable expenses (Facility Rent: $13,292, Utilities: $16,507, and personal portion of Insurance: $15,572.78) were removed from the Corporate Outlet's total disclosed expenses. This resulted in an adjusted profit margin for the Corporate Outlet of approximately 50.09% ($1,264,152.78 / $2,523,775). This adjusted margin was then applied to the average gross revenue of franchised units ($479,065.89) to estimate a profit. To provide a range as requested, a +/- 1.5% variance was applied to this calculated profit margin (48.59% to 51.59%). Calculated weighted average profit margin = (2523775 - (1304994 - (13292 + 16507 + 15572.78))) / 2523775 = 0.5008975760517479 Best Guess Profit Low = 479065.89 * (0.5008975760517479 - 0.015) = 232776.95 Best Guess Profit High = 479065.89 * (0.5008975760517479 + 0.015) = 247148.93