MONSTER MINI GOLF

Data Based On: Financial results for 26 outlets (23 franchisee-owned and 3 affiliate-owned) for the full reporting period of January 1, 2025, through December 31, 2025. The initial sample for Part I was stated to be 24 franchisee-owned and 3 affiliate-owned outlets; however, Coral Springs, FL was excluded from the results, resulting in 26 outlets for the calculations (assuming Coral Springs was a franchised outlet).

* Calculations are based on 26 outlets from the 'PART I. Revenue and Expense Data By Outlet' tables. The document explicitly states that 'Part I results exclude the Coral Springs, FL outlet because we did not receive a P&L statement prior to issuance.' Therefore, Coral Springs' data was removed from the dataset before calculating averages. Average gross revenue, gross profit, and EBITDA were calculated as the mean of the respective values for these 26 outlets. EBITDA margin was calculated as average_ebitda / average_gross_revenue. Average net income and average net profit are set to null as they were not explicitly labeled in the provided tables. Best guess profit range (low and high) is based on the minimum and maximum EBITDA values observed in the sample of 26 outlets, as EBITDA represents a form of operating profit before certain deductions.