SCENTHOUND

Data Based On: 71 franchised Scenters were open for a full 12 months for the 2024 Reporting Period. 36 of these 71 Scenters reported Net Operating Income data.

* Average gross revenue of $452,732 was provided directly for 71 Scenters and confirmed by calculating the weighted average of the quartile data ((18 units * $690,195 + 18 units * $488,968 + 18 units * $376,733 + 17 units * $243,403) / 71 total units = $452,732.09). Net Operating Income is explicitly stated to exclude Depreciation & Amortization and Interest Expense (Page 9, Section 3.g of Item 19), making it equivalent to EBITDA. The average EBITDA of $86,279 and an EBITDA margin of 16.20% (0.162) are based on a sample of 36 Qualifying Scenters. The calculated EBITDA margin based on the average gross revenue ($531,022 for 36 Scenters) and average EBITDA ($86,279) for these 36 Scenters is $86,279 / $531,022 = 0.16247 or 16.25%, which is consistent with the reported 16.20%. Best guess profit range is not provided as an explicit profit metric (EBITDA) is available.