Lapels Dry Cleaning

Data Based On: 77 franchised units (16 Plant/Satellite combo units, 33 Plant Only units, 28 Satellite Only units) from the 'Sales Metrics' table on page 2. These units were open at least 2 years as of December 31st, 2024, and report using the standard Point of Sale software.

* Weighted average gross revenue per unit was calculated from the 'Sales Metrics' table on page 2. The sample includes 8 'Plant Plus Satellite' enterprises (representing 16 units: 8 Plant and 8 Satellite), 33 'Plant Only' units, and 28 'Satellite Only' units, totaling 77 franchised units. For 'Plant Plus Satellite' enterprises, the average enterprise revenue of $812,377.05 was divided by 2 to get an average per unit of $406,188.525. The overall weighted average is: (16 units * $406,188.525 + 33 units * $422,081.54 + 28 units * $308,489.91) / 77 units = $377,473.05. Weighted average median gross revenue per unit was calculated similarly: (16 units * ($688,694.33 / 2) + 33 units * $404,844.77 + 28 units * $280,522.84) / 77 units = $347,065.86. Net Controllable Income is reported as 44.15% but is explicitly stated to exclude significant expenses like rent, taxes, interest, depreciation, and amortization (Notes 13 on page 4-5). Therefore, it cannot be used as average net income, net profit, or EBITDA, and no reliable best-guess profit range can be estimated from the provided data without further expense information.