FIREHOUSE SUBS RESTAURANTS (UNIT)

Data Based On: 665 franchised Firehouse Subs Restaurants that continuously operated for the twelve-month period ended December 31, 2024 and submitted profit and loss statements.

* Average Gross Revenue ($1,007,628) and Median Gross Revenue ($965,687) are taken from the 'All' columns of the 'Average EBITDA by Annual Sales Level' table (Page 3) and 'Median EBITDA by Annual Sales Level' table (Page 4) respectively, based on a sample of 665 franchised restaurants. Revenue top/bottom quartiles are not provided for this aggregated sample. Average Gross Profit calculated as Average Annual Sales ($1,007,628) minus Average COGS ($309,032). Average Net Profit is set to Average EBITDA ($90,821) as per the definition provided in Note 8 (Page 8), where EBITDA represents earnings before interest, taxes, depreciation, and amortization, calculated after operating costs. EBITDA Margin calculated as Average EBITDA ($90,821) divided by Average Annual Sales ($1,007,628). Best guess profit range uses the overall Median EBITDA ($83,117) from Page 4 as the low and overall Average EBITDA ($90,821) from Page 3 as the high.