GOLDEN CORRAL

Data Based On: 315 franchised Restaurants in operation for the entire fiscal year 2025, divided into Metro (263), Small (50), and Non-Traditional (2) markets, as presented in Table 1.

* Calculated weighted average gross revenue for all 315 restaurants in Table 1: (263 Metro units × $4,923,317 + 50 Small units × $3,698,944 + 2 Non-Traditional units × $4,475,585) / 315 total units = $4,726,129.34. Calculated weighted average net profit (referred to as Average Operating Income) for all 315 restaurants in Table 1: (263 Metro units × $1,092,235 + 50 Small units × $701,427 + 2 Non-Traditional units × $915,382) / 315 total units = $1,029,079.11. Calculated weighted median gross revenue for Metro and Small markets (Non-Traditional median not available): (263 Metro units × $4,659,201 + 50 Small units × $3,530,953) / 313 total units = $4,478,969.69. Calculated weighted median operating income (net profit) for Metro and Small markets (Non-Traditional median not available, data from page 4): (263 Metro units × $957,393 + 50 Small units × $679,880) / 313 total units = $913,061.85. Revenue top quartile is the Average Gross Sales for the Top 20% of Metro market restaurants from Table 2: $7,429,329. Revenue bottom quartile is the Average Gross Sales for the Bottom 20% of Metro market restaurants from Table 2: $2,984,496. Best guess profit range was estimated by taking the weighted average operating income percentage (approx. 21.77% of gross revenue) and deducting a 4% royalty (explicitly mentioned in Note 2) plus an estimated 10-18% of gross revenue for other excluded expenses (land, building and/or equipment rent, debt service, depreciation, advertising, administrative expenses, taxes, licenses, or insurance) as per Note 2. Optimistic estimate: (21.77% - (4% + 10%)) × $4,726,129.34 = $367,220.25. Conservative estimate: (21.77% - (4% + 18%)) × $4,726,129.34 = -$10,870.10.