Lapels Dry Cleaning

Data Based On: 34 Plant units and 28 Satellite units open a minimum of 1 year as of December 31st, 2025. Excludes data for 1 Plant, 6 Satellite units, and 9 Lapels Delivers units whose data was not available or were not operational for a period of at least one (1) year.

* Calculated weighted average gross revenue: (34 Plant units × $422,994.33 + 28 Satellite units × $325,839.28) / 62 total units = $379,117.86. Calculated weighted median gross revenue (proxy): (34 Plant units × $388,992.80 + 28 Satellite units × $301,401.30) / 62 total units = $349,435.35. Revenue top quartile is the Top Annual Sales for Plant units: $988,972.08. Revenue bottom quartile is the Lowest Annual Sales for Satellite units: $42,464.43. Average Net Profit is derived from the Average Net Controllable Income percentage (44.59%) applied to the weighted average gross revenue: $379,117.86 * 0.4459 = $169,048.65. Net Controllable Income (as defined in Note 13) excludes significant expenses like rent, real estate taxes, legal/accounting fees, interest, taxes (excluding employment-related), depreciation, amortization, and owner compensation (unless reported as labor costs). Best guess profit range is estimated by applying the Average Net Controllable Income percentage (44.59%) for the low end: $379,117.86 * 0.4459 = $169,048.65, and the Median Net Controllable Income percentage (50.18%) for the high end: $379,117.86 * 0.5018 = $190,241.34. This range represents 'Controllable Income' before other significant excluded expenses. Average Gross Profit is calculated by deducting the average Cost of Goods percentage (5.72%) from 100% of the weighted average gross revenue: $379,117.86 * (1 - 0.0572) = $357,432.31. Note: Average and Median Net Controllable Income percentages are derived from a sample of 18 units, while average gross revenue is from 62 units. Net Controllable Income excludes significant expenses (rent, taxes, interest, depreciation, amortization, and owner compensation unless reported as labor costs), and therefore does not represent true Net Income or EBITDA.