Glow Sauna Studios

Data Based On: Data represents one affiliate-owned business (the 'Existing Business') over the period of January 1, 2022, to February 28, 2025.

* Overall average_gross_revenue and average_net_profit (represented by 'Gross Sales Less Total Operating Costs/Expenses and Estimated Fees Above') were calculated as weighted averages across the 38-month measurement period (Jan 2022 - Feb 2025). The weighted average calculation used 12 months for 2022, 12 months for 2023, 12 months for 2024, and 2 months for 2025, based on the 'FY Avg' data for each period. The specific calculations are as follows: overall_average_gross_revenue = (42056 * 12 + 44423 * 12 + 46396 * 12 + 49996 * 2) / 38 = $44,591.89. overall_average_net_profit = (15485 * 12 + 16992 * 12 + 18696 * 12 + 20554 * 2) / 38 = $17,241.68. ebitda_margin_pct was calculated as the weighted average of the 'Percent' row, representing (Gross Sales - Operating Costs) / Gross Sales, over the 38-month period: (0.368 * 12 + 0.382 * 12 + 0.403 * 12 + 0.411 * 2) / 38 = 0.3857. best_guess_profit_high is set to average_net_profit ($17,241.68) as this figure represents operating profit before certain unlisted expenses (professional fees, depreciation, etc.) and taxes, making it an optimistic estimate. best_guess_profit_low is estimated by subtracting an additional 7% of the overall_average_gross_revenue from average_net_profit to account for these unlisted expenses (professional fees, depreciation, maintenance, and tax liabilities mentioned in the general notes). $17,241.68 - (0.07 * $44,591.89) = $14,120.25.