PRETZELMAKER

Data Based On: 103 Pretzelmaker only and Pretzelmaker restaurants co-branded with Great American Cookies U.S. franchised Restaurants that were open from January 1, 2024 to December 31, 2024.

* Average gross revenue and median gross revenue are taken directly from Table 1 'Net Sales - Total'. Revenue quartiles are not provided as averages for specific segments, so they are set to null. Average gross profit, net income, net profit, and EBITDA are set to null because the document explicitly states on page 7 that the provided financial data 'omits all operating costs and expenses related to operation of a restaurant except food, paper and store level labor,' preventing a full and accurate calculation of these profit metrics. Best guess profit range is estimated using the provided average Food Cost (21.50%) and Labor Cost (28.02%) from Tables 3 and 4, respectively, applied to the average net sales of $559,357. These known costs sum to 49.52% of net sales. This leaves 50.48% of net sales ($282,363.41) as 'profit before other omitted expenses.' To estimate the final profit range, an assumption was made for the 'other omitted expenses' (e.g., rent, utilities, marketing, G&A) which were not provided. A common range for these additional restaurant operating expenses is 20-40% of net sales. - Best Guess Profit High (optimistic): Calculated using the lower end of other omitted expenses (20% of net sales). (50.48% - 20%) * $559,357 = 30.48% * $559,357 = $170,492.01. - Best Guess Profit Low (conservative): Calculated using the higher end of other omitted expenses (40% of net sales). (50.48% - 40%) * $559,357 = 10.48% * $559,357 = $58,620.61.