Image Studios

Data Based On: 60 franchisee-owned Image Studios Salons in operation from January 1 through December 31, 2024, that met reporting requirements and had at least 12 months or more of operations, categorized by achieved occupancy percentage.

* Financial performance data is provided for 60 franchisee-owned Image Studios Salons for the 2024 calendar year, segmented by occupancy percentage. Weighted average gross revenue, average earnings before royalties (approximated as EBITDA), and average net profit (estimated earnings after key expenses) were calculated using the unit counts and average values from Tables 1-4. The unit counts for the segments are: 29 units (90%+ occupancy), 13 units (80-89% occupancy), 4 units (70-79% occupancy), and 14 units (<70% occupancy). Specifically: - **average_gross_revenue**: (29 * $503,685 + 13 * $396,333 + 4 * $352,681 + 14 * $328,872) / 60 = $429,568.77. - **average_ebitda**: Approximated by 'Estimated Earnings Before Royalties': (29 * $255,286 + 13 * $168,014 + 4 * $124,194 + 14 * $59,415) / 60 = $181,934.37. - **average_net_profit**: '2024 Estimated Earnings After Key Expenses' which is defined as Total Revenue minus Total Key Operating Expenses and Total Royalty Expense: (29 * $217,510 + 13 * $138,289 + 4 * $97,743 + 14 * $34,750) / 60 = $149,716.98. - **ebitda_margin_pct**: average_ebitda / average_gross_revenue = $181,934.37 / $429,568.77 = 0.4235. - **revenue_top_quartile**: The average revenue for the highest-performing segment (90%+ occupancy) = $503,685. - **revenue_bottom_quartile**: The average revenue for the lowest-performing segment (<70% occupancy) = $328,872. - **median_gross_revenue**: The median revenue from the 80-89% occupancy segment ($351,482) was used as the overall median falls within this segment (units 30-42). - **best_guess_profit_low**: The average 'Estimated Earnings After Key Expenses' from the lowest-performing segment (<70% occupancy) = $34,750. - **best_guess_profit_high**: The average 'Estimated Earnings After Key Expenses' from the highest-performing segment (90%+ occupancy) = $217,510.