MONSTER TREE SERVICE

Data Based On: 53 franchisees that reported Gross Revenue during the entire 2024 fiscal year.

* Average gross revenue and other metrics were directly taken from the 'Total Group' column in the 'PART TWO' table (pages 4-5), which reports data for 53 franchisees. The weighted average gross revenue calculated from the individual quartile data (14*$2,234,991 + 13*$1,409,739 + 13*$975,148 + 13*$592,713) / 53 = $1,320,729.70, which confirms the 'Total Group' average of $1,320,730. Revenue top quartile is the Average Gross Revenue for Quartile 1. Revenue bottom quartile is the Average Gross Revenue for Quartile 4. Average net profit was derived as Average Gross Profit ($693,649) minus Average Operating Expenses ($494,350) = $199,299, which matches the reported Average EBITDA. Per Note (4) on page 6, EBITDA is defined as Gross Revenue minus Total Expenses (which in this context, based on calculations, is COGS + Operating Expenses). Best guess profit range (low and high) is based on the 'Lowest EBITDA of Franchisees in Group' ($274,163) and 'Highest EBITDA of Franchisees in Group' ($1,012,537) from Page 5.