NEXTAFF

Data Based On: 21 Units (19 franchised, 2 company-owned) open and operating during the entire 12-month period ending December 31, 2024.

* Financial performance data is based on 21 units (19 franchised, 2 company-owned) operating during the 12-month period ending December 31, 2024. This total includes 16 Traditional Units (14 franchised, 2 company-owned) and 5 Virtual Units (all franchised). - `average_gross_revenue`: Calculated as the weighted average gross revenue for the 21 units: ((16 Traditional Units * $2,065,409) + (5 Virtual Units * $575,216.55)) / 21 = $1,710,601.27. - `median_gross_revenue`: Not explicitly provided for the combined 21 units. Medians for Traditional ($1,464,546) and Virtual ($264,305.93) units were provided separately. - `revenue_top_quartile`: Average Gross Revenue for the Top 25% of the 16 Traditional Units, which is $4,644,980.69. - `revenue_bottom_quartile`: Average Gross Revenue for the Bottom 25% of the 16 Traditional Units, which is $451,354.84. - `average_gross_profit`: Calculated as the weighted average gross profit for the 21 units: ((16 Traditional Units * $445,738) + (5 Virtual Units * $171,376.94)) / 21 = $380,413.94. - `ebitda_margin_pct`: Calculated as the overall weighted average Gross Profit Percentage for the 21 units (Total Gross Profit / Total Gross Revenue) = 0.222386. Used Gross Profit % as a proxy for EBITDA margin as no explicit EBITDA data is provided. - `best_guess_profit_low` and `best_guess_profit_high`: Estimated net profit range for the 19 franchised units. This was calculated by taking the overall weighted average gross profit for 21 units ($380,413.94) and subtracting estimated annual recurring operating expenses. Annual recurring operating expenses were estimated from the provided 6-month proforma budgets for Traditional and Virtual Units. For Traditional Units (14 franchised), the low annual recurring expense was $196,732 and high was $248,768. For Virtual Units (5 franchised), the low annual recurring expense was $25,136. An estimated high annual recurring expense for Virtual Units ($31,785) was derived by applying the ratio of Traditional Unit's high to low expenses ($248,768 / $196,732). A weighted average of these low and high annual recurring expenses was calculated for the 19 franchised units, yielding a low average expense of $151,575.16 and a high average expense of $191,667.08. - `best_guess_profit_high` = $380,413.94 (Avg Gross Profit) - $151,575.16 (Weighted Avg Low Expense) = $228,838.78. - `best_guess_profit_low` = $380,413.94 (Avg Gross Profit) - $191,667.08 (Weighted Avg High Expense) = $188,746.86.