COUSINS SUBS

Data Based On: 31 Franchised Traditional Shops in 2024, categorized into High, Middle, and Low based on gross receipts.

* Calculated weighted average gross revenue for 31 Franchised Traditional Shops (2024) from High, Middle, and Low categories: (10*$1,228,439 + 11*$795,459 + 10*$529,741) / 31 = $849,414.48. Median gross revenue is from the middle category ($786,125). Revenue top quartile is the average from the High category ($1,228,439), and revenue bottom quartile is the average from the Low category ($529,741). Average gross profit, average EBITDA, and EBITDA margin percentage are calculated as weighted averages from the segmented data of 50 Affiliate-Owned Shops (2024), as franchised profit data was not provided. Average gross profit = (($594,302-$159,810)*6 + ($828,152-$222,185)*20 + ($1,266,030-$330,124)*24) / 50 = $743,760.72. Average EBITDA = ($25,427*6 + $60,413*20 + $170,988*24) / 50 = $109,290.68. The best guess profit range (low and high) is estimated by applying the lowest (4.28%) and highest (13.51%) EBITDA margins observed in the affiliate-owned shop data to the calculated average gross revenue of the franchised shops.