Jovie

Data Based On: 38 franchised businesses operating in 160 territories, open for at least 12 months as of December 31, 2024.

* Calculated weighted average gross revenue for 39 franchisees across all tiers: ((8 units * $4,726,810) + (8 units * $2,408,633) + (7 units * $1,335,383) + (7 units * $685,979) + (3 units * $1,225,294) + (3 units * $619,771) + (3 units * $409,442)) / 39 total units = $1,999,912.79. Note: The calculation for single-territory franchisees assumes 3 units per tier based on the '1 of 3 (33%)' notation in Table 5, which results in 9 single-territory franchisees. This total of 9 contradicts the explicit statement in the text that there are '8 franchisees that are single territory franchisees'. The total number of franchisees used in the weighted average calculation is 39 (30 multi-territory + 9 single-territory), which also differs from the stated '38 franchisees' sample size. Revenue top quartile is the average of the highest-revenue tier (Multi-Territory Tier 1). Revenue bottom quartile is the average of the lowest-revenue tier (Single-Territory Tier 3). No net income, net profit, or EBITDA figures are provided, as the document explicitly states the gross revenue figures do not reflect costs to obtain net income or profit.