GOLDEN CORRAL

Data Based On: 232 franchised Restaurants utilizing the GC-11S or GC-11M building design, open for the entire fiscal year 2024. Table 1 excludes 2 GC-11M franchised Restaurants that had been in operation for less than 6 months as of January 1, 2025.

* Based on Item 19, the financial data is provided in several tables. For 'average_gross_revenue' and 'median_gross_revenue', a weighted average has been calculated using data from Table 1 for GC-11M and GC-11S restaurants. For 'revenue_top_quartile' and 'revenue_bottom_quartile', a weighted average has been calculated using data from Table 2 (GC-11M Top/Bottom 20%) and Table 3 (GC-11S Top/Bottom 20%). The 'Top 20%' and 'Bottom 20%' segments are used as proxies for quartiles, and this is noted. The document provides '2024 Average Operating Income' and '2024 Median Operating Income'. However, Note 2 on page 10 explicitly states that the 'Operating Costs and Expenses' used to calculate this income figure *do not include* several significant costs, such as: a 4% royalty on Gross Sales, capital expenses, fixed expenses (e.g., land, building, equipment rent, debt service, depreciation, advertising, administrative expenses, taxes, licenses, insurance), or costs for additional supervisory personnel and training refresher courses. Due to these extensive exclusions, the 'Operating Income' presented in the tables cannot be accurately classified as 'average_net_income', 'average_net_profit', or 'average_ebitda' according to the strict definitions provided by the user. Therefore, these fields have been set to null. Similarly, without information or a range for these explicitly excluded significant expenses, it is not possible to reliably calculate a 'best_guess_profit_low' and 'best_guess_profit_high'. These fields have also been set to null to avoid making unsupported assumptions.