Color World Painting

Data Based On: Revenue data is based on 11 franchisees representing 36 Territories that were in operation for the entire 2023 fiscal year, as presented in Tables 1-3. Profit data in Table 4 is based on a subset of 6 franchisees representing 19 Territories that were in operation for the entire 2023 fiscal year and submitted a profit and loss statement.

* Average gross revenue per franchisee is directly from Table 2 'TOTAL SYSTEM' row (Average Gross Revenue For Group). This value was verified by calculating a weighted average from Table 2's segmented data: (3 franchisees × $995,808 + 3 franchisees × $444,871 + 2 franchisees × $264,365 + 3 franchisees × $171,819) / 11 total franchisees = $487,839. Median gross revenue per franchisee is directly from Table 2 'TOTAL SYSTEM' row (Median Gross Revenue in Group). Revenue top quartile ($995,808) and revenue bottom quartile ($171,819) are the 'Average Gross Revenue For Group' values for the 'Top 25%' and 'Bottom 25%' segments respectively, as presented in Table 2 (per franchisee). Average gross profit per franchisee ($206,793) is directly from Table 4 'Average Gross Profit' row. This value is consistent with Note 13's definition: Average Gross Revenue ($618,639 from Table 4) minus (Average Cost of Goods Sold ($357,100) + Average Franchise Fees ($54,746)) = $618,639 - $411,846 = $206,793. No information was available to estimate average net income, net profit, or EBITDA, or to calculate a net profit range.