Boss' Pizza and Chicken

Data Based On: The data is based on 5 franchised Boss' Pizza & Chicken Restaurants that were open as of December 31, 2023, and operating for all or at least one full calendar month during calendar year 2023. Five company-owned locations were also present in the source table but excluded from the franchised unit performance calculations as per instructions.

* Financial performance data was extracted from the 'Unaudited Statement of Gross Sales, Cost of Goods, Labor and Rent for Calendar Year 2023' table (Page 2). Only data from the 5 identified franchised locations (Sioux Falls West, Sioux Falls Central, Keystone South Dakota, Yankton, Brookings, denoted by an asterisk) were used for calculations, as per instructions. The 'Rent' figure for 'Keystone South Dakota' was listed as '-' in the table and was treated as $0 for calculations. - **Average Gross Revenue**: Calculated as the arithmetic mean of the 'Gross Sales' for the 5 franchised units. - **Median Gross Revenue**: Calculated as the median of 'Gross Sales' for the 5 franchised units. - **Revenue Top Quartile**: For a sample size of 5, the top quartile is represented by the maximum 'Gross Sales' value among the franchised units. - **Revenue Bottom Quartile**: For a sample size of 5, the bottom quartile is represented by the minimum 'Gross Sales' value among the franchised units. - **Best Guess Profit Range (Low/High)**: This range was calculated by subtracting 'Labor', 'Cost of Goods', and 'Rent' from 'Gross Sales' for each of the 5 franchised units. The 'low' value represents the minimum profit calculated across these units, and the 'high' value represents the maximum profit. It is critically important to note that these calculated profit figures DO NOT include numerous additional expenses explicitly detailed in Item 19E (Page 3), such as Royalty Fees, Brand Development Fees, Technology Fees, security services, insurance, computer support, credit card fees, taxes, legal fees, tax preparation, accounting, bookkeeping, business meals and entertainment, utilities, janitorial services, waste removal services, printed selling materials, uniforms, depreciation, amortization, and other miscellaneous expenses. Therefore, the actual net profit experienced by a franchisee would be significantly lower than these estimated values.