Annex Brands Commercial Center

Data Based On: 39 franchised Navis Pack & Ship commercial centers open 12 months or more as of September 30, 2024

* The overall 'AVERAGE ANNUAL GROSS VOLUME' of $671,000 was directly extracted from Chart 1. The document groups units by thirds (13 units per third for 39 total units). 'UPPER THIRD - AVERAGE ANNUAL GROSS VOLUME' ($1,260,000) and 'LOWER THIRD - AVERAGE ANNUAL GROSS VOLUME' ($226,000) were used for revenue_top_quartile and revenue_bottom_quartile, respectively, as the closest representations. A weighted average calculation of (13 * $1,260,000 + 13 * $526,000 + 13 * $226,000) / 39 = $670,666.67 confirms the stated overall average, with a minor discrepancy likely due to rounding in the source data. 'Gross Margin' (65% average) is explicitly defined as 'Gross Volume, less the cost of freight, packaging materials, and freight insurance' and 'do not take into account many of the other material costs including marketing, rent, utilities, taxes, salaries, and royalty fees'. Therefore, Gross Margin is not equivalent to Net Income, Net Profit, or EBITDA, and no basis for a best guess profit range could be established.