CONSERVA IRRIGATION

Data Based On: 66 franchised outlets open for the full 2025 Fiscal Year for revenue data. Gross Profit and expense data are based on 51 Reporting Franchisees operating for at least two full years as of December 31, 2024.

* Average and median gross revenue are taken directly from the 'Total' row of the A(1) Combined Multi-Territory and Single-Territory Franchisees table (Page 2). Revenue top quartile is the average from the 'Greater than $1M' segment, and revenue bottom quartile is the average from the 'Less than $300K' segment within the same table. Average gross profit is taken directly from the 'Gross Profit Margin' row in the 'REVENUE MINUS COGS AND CERTAIN MARKETING & OPERATING EXPENSES EXCLUDING PAYROLL' table (Page 3), based on 51 Reporting Franchisees with average revenue of $813,066. The figure 'Total Revenue Less Cost of Goods Sold and Certain Required Marketing & Operating Expenses' is $168,933, representing 20.8% of average revenue for the 51 Reporting Franchisees. The document explicitly states there are 'additional costs and expenses that are not reflected in this Section B'. Assuming these additional costs range from 5% (optimistic for high profit) to 15% (conservative for low profit) of the average revenue for this cohort ($813,066), the estimated profit range is calculated as: Best guess profit low = $168,933 - (0.15 * $813,066) = $46,973. Best guess profit high = $168,933 - (0.05 * $813,066) = $128,280.